Zimplats Holdings Correlations
| ZMPLF Stock | USD 12.72 0.00 0.00% |
The correlation of Zimplats Holdings is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Zimplats Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Zimplats Holdings Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zimplats Holdings Limited. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Zimplats |
The ability to find closely correlated positions to Zimplats Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zimplats Holdings 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 Zimplats Holdings - 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 Zimplats Holdings Limited to buy it.
Moving together with Zimplats Pink Sheet
| + | 0.75 | IMPUF | Impala Platinum Holdings | PairCorr | ||
| + | 0.67 | ALLR | Allarity Therapeutics | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| + | 0.87 | SNES | SenesTech | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| + | 0.75 | CSCO | Cisco Systems | Fiscal Quarter End 31st of January 2024 | PairCorr | |
| + | 0.79 | CAT | Caterpillar | Fiscal Quarter End 31st of December 2023 | PairCorr |
Moving against Zimplats Pink Sheet
| - | 0.7 | MCHB | Mechanics Bank | PairCorr | ||
| - | 0.51 | BVN | Compania De Minas | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| - | 0.47 | AGPPF | Anglo American Platinum | PairCorr | ||
| - | 0.41 | ANGPY | Anglo American Platinum | PairCorr | ||
| - | 0.83 | MSFT | Microsoft | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| - | 0.79 | T | ATT Inc | Fiscal Quarter End 31st of December 2023 | PairCorr |
Related Correlations Analysis
AGPPF | IMPUF | FNLPF | TFPM | BVN | AUCOY | PGTI | ||
AGPPF | -0.17 | 0.29 | 0.35 | 0.62 | 0.09 | 0.6 | AGPPF | |
IMPUF | -0.17 | 0.26 | 0.34 | -0.28 | -0.25 | -0.56 | IMPUF | |
FNLPF | 0.29 | 0.26 | 0.63 | 0.47 | -0.37 | -0.06 | FNLPF | |
TFPM | 0.35 | 0.34 | 0.63 | 0.3 | -0.32 | -0.03 | TFPM | |
BVN | 0.62 | -0.28 | 0.47 | 0.3 | -0.01 | 0.55 | BVN | |
AUCOY | 0.09 | -0.25 | -0.37 | -0.32 | -0.01 | 0.21 | AUCOY | |
PGTI | 0.6 | -0.56 | -0.06 | -0.03 | 0.55 | 0.21 | PGTI | |
AGPPF | IMPUF | FNLPF | TFPM | BVN | AUCOY | PGTI |
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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 |
Risk-Adjusted Indicators
There is a big difference between Zimplats Pink Sheet performing well and Zimplats Holdings 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 Zimplats Holdings' 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 | Information Ratio | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| AGPPF | 2.39 | 0.50 | 0.07 | 1.28 | 2.83 | 0.1 | (10.37) | 10.07 | (5.37) | 27.35 | |
| IMPUF | 2.15 | (0.28) | 0.00 | (0.40) | 0.00 | (0.06) | 0.00 | 9.20 | (10.36) | 29.20 | |
| FNLPF | 2.38 | 0.11 | 0.03 | 0.12 | 2.80 | 0.0343 | (2.66) | 6.77 | (4.24) | 12.74 | |
| TFPM | 1.41 | 0.01 | 0.00 | 0.02 | 1.82 | 0.004 | (1.53) | 3.33 | (3.11) | 7.40 | |
| BVN | 1.24 | 0.16 | 0.08 | 0.34 | 1.69 | 0.09 | (1.27) | 2.95 | (2.37) | 8.74 | |
| AUCOY | 2.40 | 0.75 | 0.00 | (1.06) | 0.00 | 0.12 | 0.00 | 0.00 | 0.00 | 48.42 | |
| PGTI | 1.79 | 0.27 | 0.12 | 0.19 | 2.01 | 0.08 | (2.07) | 3.08 | (2.56) | 26.03 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Zimplats Holdings without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Zimplats Holdings Corporate Directors
Zimplats Holdings corporate directors refer to members of a Zimplats Holdings board of directors. The board of directors generally takes responsibility for the Zimplats Holdings' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Zimplats Holdings' board members must vote for the resolution. The Zimplats Holdings board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Nyasha Zhou | Non-Executive Independent Director | Profile | |
| Alec Muchadehama | Non-Executive Director | Profile | |
| Thandeka Mgoduso | Non-Executive Independent Director | Profile | |
| Stewart Mangoma | CFO, Executive Director | Profile |
Already Invested in Zimplats Holdings Limited?
The danger of trading Zimplats Holdings Limited is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Zimplats Holdings is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Zimplats Holdings. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Zimplats Holdings is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zimplats Holdings Limited. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Complementary Tools for Zimplats Pink Sheet analysis
When running Zimplats Holdings' price analysis, check to measure Zimplats Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Zimplats Holdings is operating at the current time. Most of Zimplats Holdings' value examination focuses on studying past and present price action to predict the probability of Zimplats Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zimplats Holdings' price. Additionally, you may evaluate how the addition of Zimplats Holdings to your portfolios can decrease your overall portfolio volatility.
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