LegalZoom Correlations

LZ Stock

USD 9.39 0.17 1.78%

The current 90-days correlation between LegalZoom and First Advantage Corp is -0.13 (i.e., Good diversification). The correlation of LegalZoom 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.

LegalZoom Correlation With Market

Weak diversification

The correlation between LegalZoom and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LegalZoom and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in LegalZoom. 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.

For more information on how to buy LegalZoom Stock please use our How to Invest in LegalZoom guide.

Moving together with LegalZoom Stock

0.83	G	Genpact Limited	Pair Corr
0.77	BR	Broadridge Financial	Pair Corr
0.75	KC	Kingsoft Cloud Holdings Earnings Call Tomorrow	Pair Corr
0.73	MG	Mistras Group	Pair Corr
0.89	WM	Waste Management	Pair Corr
0.87	VRSK	Verisk Analytics	Pair Corr
0.65	VSEC	VSE Corporation	Pair Corr

Moving against LegalZoom Stock

0.89	VCIG	VCI Global Limited	Pair Corr
0.79	DLHC	DLH Holdings Corp	Pair Corr
0.74	BV	BrightView Holdings	Pair Corr
0.61	NL	NL Industries	Pair Corr
0.55	VLTO	Veralto Sell-off Trend	Pair Corr
0.5	FA	First Advantage Corp	Pair Corr
0.4	FC	Franklin Covey Earnings Call This Week	Pair Corr
0.7	FORR	Forrester Research	Pair Corr
0.69	BTM	Bitcoin Depot	Pair Corr
0.64	CIX	CompX International	Pair Corr
0.62	AXR	AMREP	Pair Corr
0.57	CLH	Clean Harbors	Pair Corr
0.49	EXPO	Exponent	Pair Corr
0.48	WLDN	Willdan Group	Pair Corr
0.47	AWX	Avalon Holdings Earnings Call Today	Pair Corr
0.37	BRC	Brady	Pair Corr
0.79	CXW	CoreCivic	Pair Corr
0.73	DLX	Deluxe	Pair Corr
0.69	DNB	Dun Bradstreet Holdings	Pair Corr
0.68	FVRR	Fiverr International	Pair Corr
0.6	FCN	FTI Consulting	Pair Corr
0.57	FTEK	Fuel Tech	Pair Corr

Related Correlations Analysis

	CASS	FA	RTO	CBZ	CVEO	NTIP	MMS	PFSW	BV	AZZ
CASS		-0.07	0.33	-0.16	0.13	-0.22	-0.84	0.0	-0.37	0.78	CASS
FA	-0.07		0.77	0.85	0.53	-0.13	0.33	0.0	0.76	0.18	FA
RTO	0.33	0.77		0.6	0.43	-0.17	-0.14	0.0	0.43	0.41	RTO
CBZ	-0.16	0.85	0.6		0.64	0.11	0.35	0.0	0.49	0.22	CBZ
CVEO	0.13	0.53	0.43	0.64		0.3	-0.02	0.0	0.01	0.55	CVEO
NTIP	-0.22	-0.13	-0.17	0.11	0.3		0.15	0.0	-0.28	0.07	NTIP
MMS	-0.84	0.33	-0.14	0.35	-0.02	0.15		0.0	0.63	-0.62	MMS
PFSW	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	PFSW
BV	-0.37	0.76	0.43	0.49	0.01	-0.28	0.63	0.0		-0.28	BV
AZZ	0.78	0.18	0.41	0.22	0.55	0.07	-0.62	0.0	-0.28		AZZ
	CASS	FA	RTO	CBZ	CVEO	NTIP	MMS	PFSW	BV	AZZ

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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

CBZ	+ 0.85	FA
AZZ	+ 0.78	CASS
RTO	+ 0.77	FA
BV	+ 0.76	FA
CVEO	+ 0.64	CBZ
BV	+ 0.63	MMS

High negative correlations

MMS	- 0.84	CASS
AZZ	- 0.62	MMS
BV	- 0.37	CASS
AZZ	- 0.28	BV
BV	- 0.28	NTIP
NTIP	- 0.22	CASS

Risk-Adjusted Indicators

There is a big difference between LegalZoom Stock performing well and LegalZoom 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 LegalZoom'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
CASS	1.11	0.06	0.00	(0.02)	0.00	0.00	2.58	(2.61)	8.63
FA	1.70	(0.51)	0.00	(0.70)	0.00	0.00	2.44	(4.35)	17.95
RTO	1.60	(0.16)	0.00	(0.23)	0.00	0.00	2.32	(4.92)	13.47
CBZ	1.24	(0.07)	0.00	(0.18)	0.00	0.00	2.07	(3.27)	7.78
CVEO	1.65	(0.12)	0.00	(0.94)	0.00	0.00	3.22	(2.27)	25.93
NTIP	1.48	0.09	0.06	0.10	1.90	(1.86)	3.25	(3.15)	10.73
MMS	1.29	(0.02)	0.00	(0.13)	0.00	0.00	2.55	(2.51)	10.72
PFSW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BV	1.61	(0.24)	0.00	(0.35)	0.00	0.00	3.67	(3.65)	12.01
AZZ	1.53	(0.02)	0.00	(0.11)	0.00	0.00	3.13	(3.36)	10.31

LegalZoom Corporate Management

Nicole Miller	General VP	Profile
Sheily Panchal	Chief Officer	Profile
Richard Preece	Chief Officer	Profile
Noel Watson	Chief Officer	Profile
Daniel Lysaught	Chief Officer	Profile
Madeleine Crane	Head Relations	Profile

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