Zapata Computing Correlations
| ZPTAWDelisted Stock | 0.01 0 44.00% |
The current 90-days correlation between Zapata Computing Holdings and Bank of America is 0.05 (i.e., Significant diversification). The correlation of Zapata Computing is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
Zapata Computing Correlation With Market
Significant diversification
The correlation between Zapata Computing Holdings and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zapata Computing Holdings and DJI in the same portfolio, assuming nothing else is changed.
Zapata |
The ability to find closely correlated positions to Zapata Computing could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zapata Computing when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Zapata Computing - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Zapata Computing Holdings to buy it.
Moving together with Zapata Pink Sheet
| 0.72 | MQ | Marqeta Potential Growth | PairCorr |
| 0.69 | VRAR | Glimpse Group | PairCorr |
| 0.61 | FAAS | DigiAsia Corp Symbol Change | PairCorr |
Moving against Zapata Pink Sheet
| 0.88 | NN | Nextnav Acquisition Corp | PairCorr |
| 0.85 | DBX | Dropbox | PairCorr |
| 0.82 | FIVN | Five9 Inc | PairCorr |
| 0.81 | FLYW | Flywire Corp | PairCorr |
| 0.8 | S | SentinelOne | PairCorr |
| 0.77 | CETXP | Cemtrex Pref | PairCorr |
| 0.75 | ZS | Zscaler | PairCorr |
| 0.73 | EVCM | EverCommerce | PairCorr |
| 0.72 | DLO | Dlocal | PairCorr |
| 0.69 | EVTC | Evertec | PairCorr |
| 0.62 | BOX | Box Inc Earnings Call This Week | PairCorr |
| 0.61 | DTSS | Datasea | PairCorr |
| 0.48 | GB | Global Blue Group | PairCorr |
| 0.37 | JG | Aurora Mobile | PairCorr |
| 0.91 | FTNT | Fortinet | PairCorr |
| 0.88 | GEN | Gen Digital | PairCorr |
| 0.88 | YEXT | Yext Inc Earnings Call This Week | PairCorr |
| 0.86 | GDDY | Godaddy Sell-off Trend | PairCorr |
| 0.82 | GTLB | Gitlab Inc Earnings Call This Week | PairCorr |
| 0.81 | NET | Cloudflare | PairCorr |
| 0.79 | IOT | Samsara | PairCorr |
| 0.75 | WIX | WixCom | PairCorr |
| 0.74 | ZUO | Zuora Inc | PairCorr |
| 0.72 | RPD | Rapid7 Inc | PairCorr |
| 0.65 | SWI | SolarWinds Corp | PairCorr |
| 0.65 | GRRR | Gorilla Technology Trending | PairCorr |
| 0.54 | LIDRW | AEye Inc | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Zapata Pink Sheet performing well and Zapata Computing Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Zapata Computing's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BML-PG | 0.43 | 0.06 | (0.12) | (0.28) | 0.54 | 0.97 | 2.56 | |||
| HPP | 2.93 | (0.56) | 0.00 | (0.69) | 0.00 | 6.35 | 16.57 | |||
| MBOT | 2.09 | 0.02 | (0.02) | 0.20 | 2.27 | 5.38 | 15.87 | |||
| CTRRF | 0.84 | (0.03) | 0.00 | 0.26 | 0.00 | 1.79 | 31.65 | |||
| RBC | 1.05 | 0.01 | 0.06 | 0.13 | 0.99 | 2.12 | 11.43 | |||
| CLILF | 0.69 | (0.15) | 0.00 | (0.17) | 0.00 | 0.00 | 22.86 | |||
| MATV | 2.29 | (0.71) | 0.00 | (0.23) | 0.00 | 3.93 | 29.10 | |||
| CROMF | 0.65 | 0.09 | (0.02) | (0.09) | 1.32 | 1.30 | 14.66 |
Zapata Computing Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Zapata Computing pink sheet to make a market-neutral strategy. Peer analysis of Zapata Computing could also be used in its relative valuation, which is a method of valuing Zapata Computing by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Zapata Computing Corporate Executives
Elected by the shareholders, the Zapata Computing's board of directors comprises two types of representatives: Zapata Computing inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Zapata. The board's role is to monitor Zapata Computing's management team and ensure that shareholders' interests are well served. Zapata Computing's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Zapata Computing's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Aln AspuruGuzik | CoFounder Toront | Profile | |
| Jonathan Olson | Associate CoFounder | Profile | |
| Peter Johnson | CoFounder Scientist | Profile | |
| Yudong Cao | CTO CoFounder | Profile | |
| Jhonathan Fontalvo | CoFounder Services | Profile |
Still Interested in Zapata Computing Holdings?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.