Correlation Between Perion Network and ZW Data
Observing Perion Network alongside ZW Data Action reveals patterns in their return co-movement. This context relates to the level of diversifiable risk when both are considered together. This metric is based on observed return series over time.
When Perion Network and ZW Data Action move together, diversification drops, and this tool helps identify those periods early. The output helps evaluate whether combining the two amplifies or reduces concentration risk. A relative-value view using long Perion Network and short ZW Data is available for further analysis. Go to your portfolio center
Diversification Opportunities for Perion Network and ZW Data
0.72 | Correlation Coefficient |
Poor diversification
The 3 months correlation between Perion and CNET is 0.72. Overlapping area represents the amount of risk that can be diversified away by holding Perion Network and ZW Data Action in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on ZW Data Action and Perion Network is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Perion Network are associated (or correlated) with ZW Data. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of ZW Data Action has no effect on the direction of Perion Network i.e., Perion Network and ZW Data go up and down completely randomly.
Pair Corralation between Perion Network and ZW Data
Given the investment horizon of 90 days Perion Network is expected to generate 0.23 times more return on investment than ZW Data. However, Perion Network is 4.29 times less risky than ZW Data. It trades about 0.03 of its potential returns per unit of risk. ZW Data Action is currently generating about -0.07 per unit of risk. If you had invested $ 983.00 in Perion Network on December 23, 2025 and sold it today you would have earned a total of $ 32.00 from holding Perion Network or generated 3.26% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Perion Network vs. ZW Data Action
Performance |
| Timeline |
| Perion Network |
Risk-Adjusted Performance
Weak
Weak | Strong |
| ZW Data Action |
Risk-Adjusted Performance
Weak
Weak | Strong |
Perion Network and ZW Data Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Perion Network and ZW Data
Pair trading between Perion Network and ZW Data can reduce some unsystematic risk by balancing one position against another. The objective is to profit from relative movement while reducing dependence on the market's overall direction.| Perion Network vs. TechTarget Common Stock | Perion Network vs. Zhihu Inc ADR | Perion Network vs. National CineMedia | Perion Network vs. Jiayin Group |
| ZW Data vs. Baosheng Media Group | ZW Data vs. Cheetah Mobile | ZW Data vs. Onfolio Holdings | ZW Data vs. Star Fashion Culture |
Go to your portfolio centerThe information on this page should be treated as a complementary input when building or adjusting a diversified portfolio. The stronger workflow is to validate these signals with other models before acting. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
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