Zoomcar Holdings Correlations

ZCAR Stock

7.05 0.38 5.11%

The current 90-days correlation between Zoomcar Holdings and Eshallgo Class A is 0.23 (i.e., Modest diversification). The correlation of Zoomcar Holdings 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.

Zoomcar Holdings Correlation With Market

Significant diversification

The correlation between Zoomcar 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 Zoomcar Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zoomcar Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

To learn how to invest in Zoomcar Stock, please use our How to Invest in Zoomcar Holdings guide.

Moving together with Zoomcar Stock

0.72	MWG	Multi Ways Holdings	Pair Corr
0.73	YAYO	Yayyo Inc	Pair Corr
0.64	HTZWW	Hertz Global Hldgs	Pair Corr

Moving against Zoomcar Stock

0.84	HRI	Herc Holdings	Pair Corr
0.84	FTAIM	FTAI Aviation	Pair Corr
0.75	WLFC	Willis Lease Finance	Pair Corr
0.71	HEES	HE Equipment Services	Pair Corr
0.67	MGRC	McGrath RentCorp	Pair Corr
0.63	FTAI	Fortress Transp Infra	Pair Corr
0.61	FPAY	FlexShopper	Pair Corr
0.58	URI	United Rentals Fiscal Year End 22nd of January 2025	Pair Corr
0.52	TRTN-PB	Triton International	Pair Corr
0.51	FTAIN	Fortress Transportation	Pair Corr
0.5	FTAIP	Fortress Transportation	Pair Corr
0.49	R	Ryder System	Pair Corr
0.49	GATX	GATX Fiscal Year End 28th of January 2025	Pair Corr
0.35	AL	Air Lease	Pair Corr
0.33	FTAIO	Fortress Transportation	Pair Corr
0.31	CAR	Avis Budget Group	Pair Corr
0.87	AZ	A2Z Smart Technologies	Pair Corr
0.82	ALTG-PA	Alta Equipment Group	Pair Corr
0.7	J	Jacobs Solutions Fiscal Year End 19th of November 2024	Pair Corr
0.7	DIST	Distoken Acquisition	Pair Corr
0.69	CW	Curtiss Wright	Pair Corr
0.68	LZ	LegalZoom	Pair Corr
0.66	B	Barnes Group	Pair Corr
0.59	BV	BrightView Holdings Fiscal Year End 21st of November 2024	Pair Corr
0.58	BW	Babcock Wilcox Enter	Pair Corr
0.54	EH	Ehang Holdings Earnings Call This Week	Pair Corr

Related Correlations Analysis

	R	AL	VSTS	EHGO	WLFC	AER	FPAY	FTAI	HRI
R		0.78	0.06	0.75	0.8	0.63	0.35	0.88	0.78	R
AL	0.78		-0.22	0.68	0.45	0.58	0.2	0.53	0.59	AL
VSTS	0.06	-0.22		-0.31	0.08	0.16	-0.22	0.13	-0.16	VSTS
EHGO	0.75	0.68	-0.31		0.65	0.25	0.32	0.65	0.8	EHGO
WLFC	0.8	0.45	0.08	0.65		0.58	0.64	0.93	0.91	WLFC
AER	0.63	0.58	0.16	0.25	0.58		0.26	0.58	0.5	AER
FPAY	0.35	0.2	-0.22	0.32	0.64	0.26		0.62	0.63	FPAY
FTAI	0.88	0.53	0.13	0.65	0.93	0.58	0.62		0.85	FTAI
HRI	0.78	0.59	-0.16	0.8	0.91	0.5	0.63	0.85		HRI
	R	AL	VSTS	EHGO	WLFC	AER	FPAY	FTAI	HRI

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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

FTAI	+ 0.93	WLFC
HRI	+ 0.91	WLFC
FTAI	+ 0.88	R
HRI	+ 0.85	FTAI
WLFC	+ 0.8	R
HRI	+ 0.8	EHGO

High negative correlations

EHGO	- 0.31	VSTS
FPAY	- 0.22	VSTS
VSTS	- 0.22	AL
HRI	- 0.16	VSTS

Risk-Adjusted Indicators

There is a big difference between Zoomcar Stock performing well and Zoomcar 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 Zoomcar 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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
R	1.42	0.10	0.10	0.16	1.46	(1.53)	3.31	(2.64)	7.59
AL	1.25	(0.05)	0.01	0.07	1.42	(1.41)	2.70	(2.41)	7.58
VSTS	1.53	(0.07)	(0.01)	0.05	1.70	(1.77)	3.54	(2.93)	17.30
EHGO	4.69	1.30	0.18	(3.41)	5.20	(5.74)	14.29	(8.22)	46.99
WLFC	2.94	0.83	0.30	0.34	3.00	(3.56)	7.00	(4.97)	33.51
AER	1.02	(0.10)	(0.06)	0.02	1.17	(1.27)	2.57	(1.50)	7.68
FPAY	2.92	0.58	0.09	(0.95)	3.67	(3.37)	8.21	(6.76)	18.88
FTAI	2.00	0.41	0.19	0.27	2.25	(2.28)	5.08	(3.45)	14.37
HRI	2.14	0.56	0.38	0.35	1.15	(2.54)	6.47	(2.36)	20.05

Zoomcar Holdings Corporate Management

Sachin Gupta	Financial Officer	Profile
Sumeet Salhotra	Senior India	Profile
Arpan Srivastava	Head Product	Profile
Geiv Dubash	Chief Officer	Profile
Ashu Singhal	Chief Officer	Profile

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