ZoomerMedia Correlations

ZUM Stock

CAD 0.07 0.01 6.25%

The current 90-days correlation between ZoomerMedia Limited and Amazon CDR is -0.05 (i.e., Good diversification). The correlation of ZoomerMedia 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.

ZoomerMedia Correlation With Market

Good diversification

The correlation between ZoomerMedia Limited and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ZoomerMedia Limited and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to ZoomerMedia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ZoomerMedia when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ZoomerMedia - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ZoomerMedia Limited to buy it.

Moving together with ZoomerMedia Stock

0.67	FFH	Fairfax Financial	Pair Corr
0.69	FFH-PC	Fairfax Fin Hld	Pair Corr
0.82	DFN	Dividend 15 Split	Pair Corr
0.71	TUF	Honey Badger Silver	Pair Corr
0.72	HUT	Hut 8 Mining	Pair Corr
0.69	AKT-A	AKITA Drilling	Pair Corr
0.67	CRM	SalesforceCom CDR	Pair Corr
0.82	DGS	Dividend Growth Split	Pair Corr
0.68	MOON	Blue Moon Zinc	Pair Corr
0.61	Y	Yellow Pages Limited	Pair Corr
0.75	VBNK	VersaBank	Pair Corr
0.81	RY	Royal Bank	Pair Corr
0.84	LAC	Lithium Americas Corp	Pair Corr
0.67	ORA	Aura Minerals	Pair Corr
0.84	FSZ	Fiera Capital	Pair Corr

Moving against ZoomerMedia Stock

0.58	PIC-A	Premium Income Split	Pair Corr
0.6	TKU	Tarku Resources	Pair Corr
0.39	AQN-PD	Algonquin Power Utilities	Pair Corr
0.33	ENB-PH	Enbridge H Cum	Pair Corr
0.31	MAC	Themac Resources	Pair Corr

Related Correlations Analysis

	AMZN	AAPL	GOOG	WMT	MSFT	JPM	CHEV	META	BOFA	PFE
AMZN		0.74	0.87	0.89	0.68	0.73	0.37	0.63	0.73	-0.8	AMZN
AAPL	0.74		0.64	0.79	0.78	0.43	0.01	0.71	0.42	-0.46	AAPL
GOOG	0.87	0.64		0.7	0.56	0.55	0.15	0.61	0.55	-0.69	GOOG
WMT	0.89	0.79	0.7		0.59	0.79	0.5	0.58	0.79	-0.83	WMT
MSFT	0.68	0.78	0.56	0.59		0.21	-0.14	0.68	0.23	-0.29	MSFT
JPM	0.73	0.43	0.55	0.79	0.21		0.79	0.23	0.99	-0.87	JPM
CHEV	0.37	0.01	0.15	0.5	-0.14	0.79		0.0	0.81	-0.71	CHEV
META	0.63	0.71	0.61	0.58	0.68	0.23	0.0		0.24	-0.29	META
BOFA	0.73	0.42	0.55	0.79	0.23	0.99	0.81	0.24		-0.88	BOFA
PFE	-0.8	-0.46	-0.69	-0.83	-0.29	-0.87	-0.71	-0.29	-0.88		PFE
	AMZN	AAPL	GOOG	WMT	MSFT	JPM	CHEV	META	BOFA	PFE

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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

BOFA	+ 0.99	JPM
WMT	+ 0.89	AMZN
GOOG	+ 0.87	AMZN
BOFA	+ 0.81	CHEV
WMT	+ 0.79	AAPL
JPM	+ 0.79	WMT

High negative correlations

PFE	- 0.88	BOFA
PFE	- 0.87	JPM
PFE	- 0.83	WMT
PFE	- 0.8	AMZN
PFE	- 0.71	CHEV
PFE	- 0.69	GOOG

Risk-Adjusted Indicators

There is a big difference between ZoomerMedia Stock performing well and ZoomerMedia 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 ZoomerMedia'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
AMZN	1.37	0.24	0.13	0.40	1.58	(1.52)	2.82	(2.97)	10.70
AAPL	0.82	0.14	0.11	0.26	0.98	(0.82)	2.02	(2.10)	5.09
GOOG	1.29	0.24	0.13	0.44	1.46	(1.33)	3.61	(1.94)	9.26
WMT	0.82	0.24	0.21	1.17	0.85	(0.93)	1.84	(1.67)	4.98
MSFT	0.86	(0.03)	0.00	(0.03)	0.00	0.00	1.81	(2.04)	7.96
JPM	1.05	0.18	0.12	0.45	1.11	(1.18)	1.91	(1.97)	16.24
CHEV	0.98	(0.03)	0.00	(0.15)	0.00	0.00	1.94	(2.59)	6.07
META	1.16	0.05	0.03	0.11	1.46	(1.35)	2.55	(2.82)	7.29
BOFA	1.06	0.11	0.10	0.24	0.93	(1.29)	2.05	(1.60)	11.92
PFE	1.13	(0.16)	0.00	(0.99)	0.00	0.00	2.26	(2.36)	7.91

Be your own money manager

Our tools can tell you how much better you can do entering a position in ZoomerMedia without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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ZoomerMedia Corporate Management

Elected by the shareholders, the ZoomerMedia's board of directors comprises two types of representatives: ZoomerMedia inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ZoomerMedia. The board's role is to monitor ZoomerMedia's management team and ensure that shareholders' interests are well served. ZoomerMedia's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, ZoomerMedia's outside directors are responsible for providing unbiased perspectives on the board's policies.

David Sersta	VP of Digital Sales, Conferences and Shows and Carp Benefits/Partnership	Profile
David Cravit	VP Agency	Profile
Omri Tintpulver	Chief Officer	Profile
Serge Blumenfield	Chief Officer	Profile
Nancy Dixon	Assistant Controller	Profile

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