LegalZoom Correlations

LZ Stock

USD 9.04 0.10 1.12%

The current 90-days correlation between LegalZoom and First Advantage Corp is 0.8 (i.e., Very poor 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

Very weak diversification

The correlation between LegalZoom and DJI is 0.42 (i.e., Very 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.

Build AI portfolio with LegalZoom Stock

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

0.79	DXST	Decent Holding Ordinary	Pair Corr
0.74	HNI	HNI Corp	Pair Corr
0.61	PBI	Pitney Bowes Earnings Call This Week	Pair Corr
0.75	HDSN	Hudson Technologies Earnings Call This Week	Pair Corr
0.81	CTAS	Cintas Earnings Call Today	Pair Corr
0.61	R	Ryder System Earnings Call Today	Pair Corr
0.9	AL	Air Lease	Pair Corr
0.77	AP	Ampco Pittsburgh Downward Rally	Pair Corr
0.76	BA	Boeing Earnings Call This Week	Pair Corr
0.92	BV	BrightView Holdings	Pair Corr
0.72	BW	Babcock Wilcox Enter	Pair Corr
0.82	BZ	Kanzhun Ltd ADR	Pair Corr
0.84	CP	Canadian Pacific Railway Earnings Call This Week	Pair Corr
0.74	CR	Crane Company Earnings Call This Week	Pair Corr
0.73	CW	Curtiss Wright	Pair Corr
0.88	DE	Deere Company	Pair Corr
0.7	DY	Dycom Industries	Pair Corr
0.93	FA	First Advantage Corp	Pair Corr
0.76	GE	GE Aerospace	Pair Corr

Moving against LegalZoom Stock

0.78	CDTG	CDT Environmental	Pair Corr
0.59	WFCF	Where Food Comes	Pair Corr
0.48	NL	NL Industries	Pair Corr
0.89	MG	Mistras Group Earnings Call This Week	Pair Corr
0.32	PC	Premium Catering	Pair Corr

Related Correlations Analysis

	MMS	LICN	FA	CVEO	NTIP	XMTR	LAW	LFST	YOU
MMS		0.66	0.76	0.35	0.1	0.6	0.41	-0.28	0.03	MMS
LICN	0.66		0.53	0.13	0.09	0.52	0.22	-0.09	-0.15	LICN
FA	0.76	0.53		0.62	0.23	0.85	0.7	-0.5	0.14	FA
CVEO	0.35	0.13	0.62		0.47	0.75	0.81	-0.89	0.74	CVEO
NTIP	0.1	0.09	0.23	0.47		0.26	0.09	-0.56	0.58	NTIP
XMTR	0.6	0.52	0.85	0.75	0.26		0.79	-0.64	0.35	XMTR
LAW	0.41	0.22	0.7	0.81	0.09	0.79		-0.68	0.45	LAW
LFST	-0.28	-0.09	-0.5	-0.89	-0.56	-0.64	-0.68		-0.76	LFST
YOU	0.03	-0.15	0.14	0.74	0.58	0.35	0.45	-0.76		YOU
	MMS	LICN	FA	CVEO	NTIP	XMTR	LAW	LFST	YOU

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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

XMTR	+ 0.85	FA
LAW	+ 0.81	CVEO
LAW	+ 0.79	XMTR
FA	+ 0.76	MMS
XMTR	+ 0.75	CVEO
YOU	+ 0.74	CVEO

High negative correlations

LFST	- 0.89	CVEO
YOU	- 0.76	LFST
LFST	- 0.68	LAW
LFST	- 0.64	XMTR
LFST	- 0.56	NTIP
LFST	- 0.5	FA

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
MMS	1.27	(0.07)	(0.04)	0.14	1.32	(1.46)	2.28	(1.93)	16.21
LICN	5.20	0.90	0.13	(2.11)	4.36	(7.40)	9.24	(8.42)	93.91
FA	2.02	0.12	0.13	0.27	1.81	(2.38)	4.93	(3.83)	23.89
CVEO	1.35	0.21	0.08	0.51	1.52	(1.49)	2.30	(2.02)	10.06
NTIP	1.74	0.10	0.02	0.33	2.26	(1.96)	4.80	(3.25)	11.09
XMTR	2.82	0.62	0.12	12.96	3.06	(3.12)	6.36	(5.42)	18.35
LAW	1.89	0.36	0.04	(1.03)	2.22	(1.99)	3.59	(3.22)	15.30
LFST	2.14	(1.00)	0.00	(0.36)	0.00	0.00	3.92	(4.52)	20.17
YOU	1.62	0.35	0.00	(0.33)	2.63	(1.60)	3.93	(3.90)	11.81

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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