ZOZO Correlations

SATLF Stock

USD 8.18 0.03 0.37%

The current 90-days correlation between ZOZO Inc and Games Workshop Group is 0.02 (i.e., Significant diversification). The correlation of ZOZO 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.

ZOZO Correlation With Market

Significant diversification

The correlation between ZOZO Inc and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ZOZO Inc and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to ZOZO could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ZOZO 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 ZOZO - 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 ZOZO Inc to buy it.

Moving together with ZOZO Pink Sheet

0.79	SE	Sea	Pair Corr
0.74	CVNA	Carvana	Pair Corr
0.68	T	ATT Inc Sell-off Trend	Pair Corr
0.77	HPQ	HP Inc	Pair Corr

Moving against ZOZO Pink Sheet

0.73	PTAIY	Astra International Tbk	Pair Corr
0.7	EC	Ecopetrol SA ADR	Pair Corr
0.49	PKX	POSCO Holdings	Pair Corr
0.48	PUTKY	United Tractors Tbk	Pair Corr
0.44	AMZN	Amazon Inc Sell-off Trend	Pair Corr
0.86	DD	Dupont De Nemours	Pair Corr
0.81	CSCO	Cisco Systems	Pair Corr
0.77	CAT	Caterpillar	Pair Corr
0.7	MMM	3M Company	Pair Corr
0.67	AXP	American Express	Pair Corr
0.67	KO	Coca Cola	Pair Corr
0.65	JNJ	Johnson Johnson	Pair Corr
0.63	384802AD6	GRAINGER W W	Pair Corr
0.61	BAC	Bank of America	Pair Corr
0.61	MRK	Merck Company Aggressive Push	Pair Corr
0.55	AA	Alcoa Corp	Pair Corr
0.53	TRV	The Travelers Companies	Pair Corr
0.42	GE	GE Aerospace	Pair Corr

Related Correlations Analysis

	TORIF	WGRFF	SBET	HLTHQ	GMWKF	AHG	NHEL	GAME
TORIF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	TORIF
WGRFF	0.0		0.0	0.0	0.0	0.0	1.0	0.0	WGRFF
SBET	0.0	0.0		0.0	-0.61	0.68	0.0	0.93	SBET
HLTHQ	0.0	0.0	0.0		0.0	0.0	0.0	0.0	HLTHQ
GMWKF	0.0	0.0	-0.61	0.0		-0.4	0.0	-0.64	GMWKF
AHG	0.0	0.0	0.68	0.0	-0.4		0.0	0.61	AHG
NHEL	0.0	1.0	0.0	0.0	0.0	0.0		0.0	NHEL
GAME	0.0	0.0	0.93	0.0	-0.64	0.61	0.0		GAME
	TORIF	WGRFF	SBET	HLTHQ	GMWKF	AHG	NHEL	GAME

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

NHEL	+ 1.0	WGRFF
GAME	+ 0.93	SBET
AHG	+ 0.68	SBET
GAME	+ 0.61	AHG
WGRFF	+ 0.0	TORIF
SBET	+ 0.0	TORIF

High negative correlations

GAME	- 0.64	GMWKF
GMWKF	- 0.61	SBET
AHG	- 0.4	GMWKF
GAME	- 0.0	NHEL
NHEL	- 0.0	AHG
NHEL	- 0.0	GMWKF

Risk-Adjusted Indicators

There is a big difference between ZOZO Pink Sheet performing well and ZOZO 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 ZOZO'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
TORIF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WGRFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SBET	3.81	(1.07)	0.00	(0.33)	0.00	0.00	7.07	(7.91)	19.15
HLTHQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GMWKF	2.09	0.31	0.10	1.03	2.33	(2.18)	3.57	(4.06)	11.18
AHG	3.15	(0.20)	0.00	(0.29)	0.00	0.00	6.92	(5.88)	17.18
NHEL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GAME	3.61	(0.78)	0.00	(0.24)	0.00	0.00	7.14	(8.20)	23.76

Be your own money manager

Our tools can tell you how much better you can do entering a position in ZOZO 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.

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ZOZO Corporate Management

Christine Edman	Ex Officer	Profile
Akiko Oishi	Deputy Office	Profile
Toshiaki Shimizu	Ex Division	Profile
Takao Yamasaki	Yahoo Division	Profile
Fuminori Hirose	COO Director	Profile

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