Zebra Technologies Correlations

ZBRA Stock

USD 289.99 4.98 1.75%

The current 90-days correlation between Zebra Technologies and Credo Technology Group is 0.41 (i.e., Very weak 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

Very weak diversification

The correlation between Zebra Technologies and DJI is 0.51 (i.e., Very weak 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.

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 metropolitan statistical area.

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

Moving together with Zebra Stock

0.67	FLEX	Flex	Pair Corr
0.64	HPQ	HP Inc	Pair Corr
0.66	WBX	Wallbox NV	Pair Corr
0.84	AIRG	Airgain	Pair Corr
0.69	CLFD	Clearfield	Pair Corr
0.73	S	SentinelOne	Pair Corr
0.63	NN	Nextnav Acquisition Corp	Pair Corr
0.89	CRM	Salesforce	Pair Corr
0.96	TDC	Teradata Corp	Pair Corr
0.64	PATH	Uipath Inc Earnings Call Tomorrow	Pair Corr
0.94	SLNH	Soluna Holdings	Pair Corr
0.86	PPERF	Bank Mandiri Persero	Pair Corr
0.93	PPERY	Bank Mandiri Persero	Pair Corr
0.77	PBCRF	PT Bank Central	Pair Corr
0.85	PBCRY	Bank Central Asia	Pair Corr
0.82	BKRKY	Bank Rakyat	Pair Corr
0.7	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.81	TLK	Telkom Indonesia Tbk	Pair Corr

Moving against Zebra Stock

0.63	MLGO	MicroAlgo	Pair Corr
0.63	ALTR	Altair Engineering	Pair Corr
0.62	JG	Aurora Mobile	Pair Corr
0.55	MQ	Marqeta	Pair Corr
0.54	CSCO	Cisco Systems	Pair Corr
0.45	BB	BlackBerry	Pair Corr
0.38	ZS	Zscaler	Pair Corr
0.38	FTNT	Fortinet	Pair Corr
0.92	JNJ	Johnson Johnson	Pair Corr
0.9	T	ATT Inc Earnings Call Tomorrow	Pair Corr
0.9	VZ	Verizon Communications	Pair Corr
0.84	MCD	McDonalds	Pair Corr
0.8	CWCO	Consolidated Water Earnings Call This Week	Pair Corr
0.78	WM	Waste Management	Pair Corr
0.72	TRV	The Travelers Companies	Pair Corr
0.7	IBM	International Business	Pair Corr
0.58	PG	Procter Gamble	Pair Corr
0.55	300131	ShenZhen Yitoa Intel	Pair Corr
0.54	XOM	Exxon Mobil Corp	Pair Corr
0.35	DD	Dupont De Nemours	Pair Corr

Related Correlations Analysis

	CRDO	UI	CIEN	CLFD	JNPR	HPE	ERIC	CSCO	VIAV	INFN
CRDO		0.69	0.93	0.68	0.47	0.89	-0.17	-0.16	0.06	-0.64	CRDO
UI	0.69		0.65	0.92	0.31	0.7	-0.2	-0.08	0.01	-0.73	UI
CIEN	0.93	0.65		0.62	0.34	0.9	-0.23	-0.03	0.12	-0.65	CIEN
CLFD	0.68	0.92	0.62		0.41	0.75	-0.1	0.0	-0.04	-0.73	CLFD
JNPR	0.47	0.31	0.34	0.41		0.56	0.48	-0.45	-0.6	-0.3	JNPR
HPE	0.89	0.7	0.9	0.75	0.56		-0.08	-0.14	-0.18	-0.72	HPE
ERIC	-0.17	-0.2	-0.23	-0.1	0.48	-0.08		-0.01	-0.42	0.25	ERIC
CSCO	-0.16	-0.08	-0.03	0.0	-0.45	-0.14	-0.01		0.65	0.04	CSCO
VIAV	0.06	0.01	0.12	-0.04	-0.6	-0.18	-0.42	0.65		0.03	VIAV
INFN	-0.64	-0.73	-0.65	-0.73	-0.3	-0.72	0.25	0.04	0.03		INFN
	CRDO	UI	CIEN	CLFD	JNPR	HPE	ERIC	CSCO	VIAV	INFN

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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

CIEN	+ 0.93	CRDO
CLFD	+ 0.92	UI
HPE	+ 0.9	CIEN
HPE	+ 0.89	CRDO
HPE	+ 0.75	CLFD
HPE	+ 0.7	UI

High negative correlations

INFN	- 0.73	CLFD
INFN	- 0.73	UI
INFN	- 0.72	HPE
INFN	- 0.65	CIEN
INFN	- 0.64	CRDO
VIAV	- 0.6	JNPR

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
CRDO	5.08	(0.40)	0.00	(0.33)	0.00	0.00	9.34	(9.97)	39.68
UI	2.36	0.03	0.00	(0.05)	0.00	0.00	4.61	(5.89)	17.55
CIEN	2.68	(0.29)	0.00	(0.25)	0.00	0.00	4.62	(6.13)	28.00
CLFD	2.15	0.04	0.00	(0.03)	0.00	0.00	4.73	(5.49)	13.39
JNPR	0.64	(0.04)	0.00	(0.48)	0.00	0.00	1.00	(1.07)	7.09
HPE	1.92	(0.35)	0.00	(0.43)	0.00	0.00	3.35	(4.91)	16.72
ERIC	1.45	0.08	0.02	0.00	2.99	(1.37)	3.80	(2.68)	18.27
CSCO	0.84	0.09	0.08	0.08	1.28	(0.83)	1.61	(1.69)	6.60
VIAV	1.64	0.17	0.07	0.14	2.37	(1.59)	2.29	(3.52)	24.77
INFN	0.23	(0.01)	0.19	0.03	0.26	(0.29)	0.46	(0.45)	1.52

Zebra Technologies Corporate Management

CFA CFA	VP Relations	Profile
Matt Ausman	Chief Officer	Profile
Bill Cate	VP Operations	Profile
IRC CFA	Vice Relations	Profile

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