Zebra Technologies Correlations

ZBRA Stock

USD 241.57 0.00 0.00%

The current 90-days correlation between Zebra Technologies and Lumentum Holdings is -0.27 (i.e., Very good diversification). The correlation of Zebra Technologies 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.

Zebra Technologies Correlation With Market

Good diversification

The correlation between Zebra Technologies and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zebra Technologies and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Zebra Stock

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

For information on how to trade Zebra Stock refer to our How to Trade Zebra Stock guide.

Moving against Zebra Stock

0.75	TEL	TE Connectivity	Pair Corr
0.7	APH	Amphenol	Pair Corr
0.61	LST	Light Science Techno	Pair Corr
0.6	FLEX	Flex	Pair Corr
0.63	601231	Universal Scientific	Pair Corr
0.57	TTG	TT Electronics Plc	Pair Corr
0.33	SNT	Sabien Technology	Pair Corr
0.32	600082	Tianjin Hi Tech	Pair Corr
0.6	002289	Success Electronics	Pair Corr
0.51	RGTI	Rigetti Computing Earnings Call This Week	Pair Corr
0.49	CVI	CVR Energy	Pair Corr
0.42	GEBHF	Genting Berhad	Pair Corr

Related Correlations Analysis

	LITE	FFIV	ENTG	CACI	KSPI	DT	SNX	KLAR	DOCU	GEN
LITE		-0.61	0.22	0.7	-0.66	-0.36	0.31	-0.08	-0.18	-0.7	LITE
FFIV	-0.61		0.2	-0.8	0.5	0.23	0.06	0.53	0.41	0.54	FFIV
ENTG	0.22	0.2		0.21	-0.43	0.04	0.58	0.38	0.09	-0.45	ENTG
CACI	0.7	-0.8	0.21		-0.8	-0.27	0.27	-0.36	-0.54	-0.79	CACI
KSPI	-0.66	0.5	-0.43	-0.8		0.28	-0.54	0.22	0.53	0.96	KSPI
DT	-0.36	0.23	0.04	-0.27	0.28		0.0	-0.14	0.17	0.26	DT
SNX	0.31	0.06	0.58	0.27	-0.54	0.0		-0.01	-0.34	-0.51	SNX
KLAR	-0.08	0.53	0.38	-0.36	0.22	-0.14	-0.01		0.68	0.15	KLAR
DOCU	-0.18	0.41	0.09	-0.54	0.53	0.17	-0.34	0.68		0.43	DOCU
GEN	-0.7	0.54	-0.45	-0.79	0.96	0.26	-0.51	0.15	0.43		GEN
	LITE	FFIV	ENTG	CACI	KSPI	DT	SNX	KLAR	DOCU	GEN

Please upgrade your account to get full access to Macroaxis premium features

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

GEN	+ 0.96	KSPI
CACI	+ 0.7	LITE
DOCU	+ 0.68	KLAR
SNX	+ 0.58	ENTG
GEN	+ 0.54	FFIV
KLAR	+ 0.53	FFIV

High negative correlations

KSPI	- 0.8	CACI
CACI	- 0.8	FFIV
GEN	- 0.79	CACI
GEN	- 0.7	LITE
KSPI	- 0.66	LITE
FFIV	- 0.61	LITE

Risk-Adjusted Indicators

There is a big difference between Zebra Stock performing well and Zebra Technologies 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 Zebra Technologies' 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
LITE	3.27	1.22	0.35	4.46	2.43	(3.94)	8.09	(5.62)	26.42
FFIV	1.49	(0.50)	0.00	(0.40)	0.00	0.00	2.42	(3.62)	14.28
ENTG	2.57	(0.06)	0.01	0.05	3.48	(2.70)	4.65	(5.38)	18.14
CACI	1.20	0.28	0.15	1.05	1.18	(1.34)	3.12	(2.54)	14.18
KSPI	1.34	(0.47)	0.00	(0.30)	0.00	0.00	2.26	(2.71)	8.17
DT	1.34	(0.12)	0.00	(0.04)	0.00	0.00	3.25	(2.73)	10.08
SNX	1.26	0.07	(0.02)	(0.18)	1.51	(1.28)	3.01	(2.72)	9.49
KLAR	2.91	(0.14)	0.00	(0.06)	0.00	0.00	5.96	(6.04)	21.27
DOCU	1.85	(0.19)	0.00	(0.04)	0.00	0.00	3.81	(3.38)	17.99
GEN	0.92	(0.33)	0.00	(0.25)	0.00	0.00	1.44	(2.03)	5.69

Zebra Technologies Corporate Management

CFA CFA	VP Relations	Profile
Therese Ryne	Senior Communications	Profile
Matt Ausman	Chief Officer	Profile
Tamara Froese	Chief Officer	Profile
Bill Cate	VP Operations	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC