Zoom Video Correlations

ZM Stock

USD 74.22 6.88 8.48%

The current 90-days correlation between Zoom Video Communications and Shopify is 0.52 (i.e., Very weak 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

Modest diversification

The correlation between Zoom Video Communications and DJI is 0.24 (i.e., Modest 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.

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 population.

Moving together with Zoom Stock

0.64	WDAY	Workday	Pair Corr
0.71	ESTC	Elastic NV	Pair Corr
0.68	EXFY	Expensify	Pair Corr

Related Correlations Analysis

	AI	SHOP	CRM	WDAY	SNOW	TTD	ADSK	INTU	NOW
AI		0.03	0.69	0.51	0.04	0.7	0.35	0.68	0.66	AI
SHOP	0.03		0.18	0.41	0.72	-0.4	0.53	-0.38	-0.25	SHOP
CRM	0.69	0.18		0.64	0.26	0.61	0.67	0.52	0.78	CRM
WDAY	0.51	0.41	0.64		0.24	0.21	0.49	0.3	0.34	WDAY
SNOW	0.04	0.72	0.26	0.24		-0.21	0.59	-0.49	-0.02	SNOW
TTD	0.7	-0.4	0.61	0.21	-0.21		0.22	0.72	0.72	TTD
ADSK	0.35	0.53	0.67	0.49	0.59	0.22		-0.03	0.44	ADSK
INTU	0.68	-0.38	0.52	0.3	-0.49	0.72	-0.03		0.59	INTU
NOW	0.66	-0.25	0.78	0.34	-0.02	0.72	0.44	0.59		NOW
	AI	SHOP	CRM	WDAY	SNOW	TTD	ADSK	INTU	NOW

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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

NOW	+ 0.78	CRM
SNOW	+ 0.72	SHOP
INTU	+ 0.72	TTD
NOW	+ 0.72	TTD
TTD	+ 0.7	AI
CRM	+ 0.69	AI

High negative correlations

INTU	- 0.49	SNOW
TTD	- 0.4	SHOP
INTU	- 0.38	SHOP
NOW	- 0.25	SHOP
TTD	- 0.21	SNOW
INTU	- 0.03	ADSK

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
AI	3.54	0.10	0.02	0.10	4.32	(3.65)	8.13	(7.40)	34.87
SHOP	2.09	0.10	0.03	0.10	2.69	(2.27)	4.20	(3.92)	15.78
CRM	1.43	(0.07)	0.00	(0.08)	0.00	0.00	3.10	(2.95)	15.92
WDAY	1.58	(0.01)	0.00	(0.03)	0.00	0.00	3.33	(2.80)	9.54
SNOW	2.35	0.46	0.19	0.31	2.18	(2.74)	3.60	(3.92)	37.80
TTD	2.30	(0.55)	0.00	4.75	0.00	0.00	3.75	(4.10)	38.12
ADSK	1.10	(0.04)	0.00	(0.05)	0.00	0.00	1.91	(2.69)	6.32
INTU	1.27	(0.30)	0.00	(25.25)	0.00	0.00	2.29	(2.35)	10.01
NOW	1.49	(0.12)	0.00	(0.13)	0.00	0.00	2.37	(2.68)	17.67

Zoom Video Corporate Management

Michelle Chang	Chief Officer	Profile
Xuedong Huang	Chief Officer	Profile
Brendan Ittelson	Chief Officer	Profile
Gary Sorrentino	Global Officer	Profile
Gregory Tomb	President	Profile

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