Zoom Video Correlations

ZM Stock

USD 90.24 2.19 2.49%

The current 90-days correlation between Zoom Video Communications and PTC Inc is -0.16 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Zoom Video moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Zoom Video Communications moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Zoom Video Correlation With Market

Good diversification

The correlation between Zoom Video Communications and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zoom Video Communications and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Zoom Stock

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

Moving together with Zoom Stock

0.61

Unity Software

Pair Corr

Moving against Zoom Stock

0.38	TTD	Trade Desk	Pair Corr
0.42	CTRL	Edge Total Intelligence	Pair Corr
0.38	TNE	Technology One	Pair Corr
0.34	688118	Primeton Information	Pair Corr
0.33	EVPL	Everplay Group PLC	Pair Corr
0.44	DTOL	D2L Inc	Pair Corr
0.41	688039	Hangzhou Arcvideo	Pair Corr

Related Correlations Analysis

	PTC	HUBS	SSNC	TTD	MSTR	BR	FIG	WIT	GRAB	LDOS
PTC		0.91	0.16	0.79	0.94	0.64	0.9	-0.08	0.77	-0.14	PTC
HUBS	0.91		0.32	0.64	0.87	0.61	0.78	0.0	0.8	-0.19	HUBS
SSNC	0.16	0.32		-0.2	0.29	0.58	0.1	0.39	0.3	-0.1	SSNC
TTD	0.79	0.64	-0.2		0.75	0.19	0.83	-0.44	0.68	0.2	TTD
MSTR	0.94	0.87	0.29	0.75		0.66	0.9	-0.14	0.83	-0.04	MSTR
BR	0.64	0.61	0.58	0.19	0.66		0.54	0.44	0.4	-0.5	BR
FIG	0.9	0.78	0.1	0.83	0.9	0.54		-0.1	0.8	-0.01	FIG
WIT	-0.08	0.0	0.39	-0.44	-0.14	0.44	-0.1		-0.25	-0.51	WIT
GRAB	0.77	0.8	0.3	0.68	0.83	0.4	0.8	-0.25		0.11	GRAB
LDOS	-0.14	-0.19	-0.1	0.2	-0.04	-0.5	-0.01	-0.51	0.11		LDOS
	PTC	HUBS	SSNC	TTD	MSTR	BR	FIG	WIT	GRAB	LDOS

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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

MSTR	+ 0.94	PTC
HUBS	+ 0.91	PTC
FIG	+ 0.9	PTC
FIG	+ 0.9	MSTR
MSTR	+ 0.87	HUBS
FIG	+ 0.83	TTD

High negative correlations

LDOS	- 0.51	WIT
LDOS	- 0.5	BR
WIT	- 0.44	TTD
GRAB	- 0.25	WIT
TTD	- 0.2	SSNC
LDOS	- 0.19	HUBS

Risk-Adjusted Indicators

There is a big difference between Zoom Stock performing well and Zoom Video 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 Zoom Video'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
PTC	0.99	(0.32)	0.00	(0.21)	0.00	0.00	1.48	(2.39)	11.28
HUBS	2.15	(0.49)	0.00	(0.22)	0.00	0.00	3.38	(5.89)	20.86
SSNC	1.03	(0.04)	0.00	(0.09)	0.00	0.00	1.85	(2.46)	7.41
TTD	1.96	(0.30)	0.00	2.43	0.00	0.00	3.39	(4.10)	11.62
MSTR	3.33	(0.98)	0.00	(0.46)	0.00	0.00	5.78	(7.15)	15.70
BR	0.80	(0.12)	0.00	(1.23)	0.00	0.00	1.25	(1.92)	6.60
FIG	3.22	(0.75)	0.00	(0.24)	0.00	0.00	6.63	(6.77)	26.96
WIT	0.94	(0.04)	(0.06)	(0.02)	1.04	(1.30)	1.94	(2.10)	6.15
GRAB	2.02	(0.05)	(0.03)	(0.01)	2.41	(2.30)	4.62	(4.32)	14.71
LDOS	1.06	(0.01)	(0.02)	0.05	1.38	(1.05)	2.11	(2.64)	6.28

Zoom Video Corporate Management

Michelle Chang	Chief Officer	Profile
Xuedong Huang	Chief Officer	Profile
Brendan Ittelson	Chief Officer	Profile
Kimberly McGarry	Chief Officer	Profile
Gary Sorrentino	Global Officer	Profile

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