Zillow Group Correlations

Z Etf

USD 79.40 1.52 1.88%

The current 90-days correlation between Zillow Group Class and Pinterest is 0.51 (i.e., Very weak diversification). The correlation of Zillow Group 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.

Zillow Group Correlation With Market

Very weak diversification

The correlation between Zillow Group Class and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zillow Group Class and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Zillow Etf

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zillow Group Class. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more information on how to buy Zillow Etf please use our How to Invest in Zillow Group guide.

Moving together with Zillow Etf

0.84	HR	Healthcare Realty Trust	Pair Corr
0.64	PW	Power REIT	Pair Corr
0.88	UE	Urban Edge Properties	Pair Corr
0.78	VICI	VICI Properties	Pair Corr
0.85	WELL	Welltower	Pair Corr
0.88	AHR	American Healthcare REIT,	Pair Corr
0.62	AHT	Ashford Hospitality Trust	Pair Corr
0.69	ALX	Alexanders	Pair Corr
0.84	ARE	Alexandria Real Estate	Pair Corr
0.62	BNL	Broadstone Net Lease	Pair Corr
0.62	BRX	Brixmor Property	Pair Corr
0.78	CCI	Crown Castle	Pair Corr

Moving against Zillow Etf

0.88	LB	LandBridge Company	Pair Corr
0.77	EPRT	Essential Properties	Pair Corr
0.75	FCPT	Four Corners Property	Pair Corr
0.72	EQIX	Equinix	Pair Corr
0.56	WHLR	Wheeler Real Estate	Pair Corr
0.33	ESBA	Empire State Realty	Pair Corr
0.32	ESRT	Empire State Realty	Pair Corr
0.71	AMH	American Homes 4	Pair Corr
0.61	AVB	AvalonBay Communities	Pair Corr
0.35	ADC	Agree Realty	Pair Corr
0.32	AKR	Acadia Realty Trust Sell-off Trend	Pair Corr
0.79	CSR	Centerspace	Pair Corr
0.72	ELS	Equity Lifestyle Pro	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.92	0.36	0.65	0.43	0.62	-0.71	0.82	0.61	0.44	META
MSFT	0.92		0.43	0.73	0.33	0.58	-0.71	0.94	0.7	0.5	MSFT
UBER	0.36	0.43		0.78	0.07	0.53	0.02	0.55	0.45	0.42	UBER
F	0.65	0.73	0.78		0.23	0.64	-0.34	0.8	0.74	0.64	F
T	0.43	0.33	0.07	0.23		0.32	-0.32	0.32	0.39	0.11	T
A	0.62	0.58	0.53	0.64	0.32		-0.25	0.65	0.65	0.73	A
CRM	-0.71	-0.71	0.02	-0.34	-0.32	-0.25		-0.51	-0.44	-0.19	CRM
JPM	0.82	0.94	0.55	0.8	0.32	0.65	-0.51		0.74	0.57	JPM
MRK	0.61	0.7	0.45	0.74	0.39	0.65	-0.44	0.74		0.68	MRK
XOM	0.44	0.5	0.42	0.64	0.11	0.73	-0.19	0.57	0.68		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

JPM	+ 0.94	MSFT
MSFT	+ 0.92	META
JPM	+ 0.82	META
JPM	+ 0.8	F
F	+ 0.78	UBER
MRK	+ 0.74	F

High negative correlations

CRM	- 0.71	MSFT
CRM	- 0.71	META
JPM	- 0.51	CRM
MRK	- 0.44	CRM
CRM	- 0.34	F
CRM	- 0.32	T

Zillow Group Competition Risk-Adjusted Indicators

There is a big difference between Zillow Etf performing well and Zillow Group ETF 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 Zillow Group'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
META	1.45	0.29	0.23	0.37	0.96	(1.81)	3.51	(2.35)	14.28
MSFT	0.69	0.22	0.25	0.48	0.28	(0.82)	2.20	(1.08)	5.71
UBER	1.51	0.07	(0.01)	2.63	1.69	(1.75)	3.87	(3.36)	11.37
F	1.31	0.07	0.04	0.16	1.55	(1.31)	2.55	(2.36)	7.46
T	0.89	0.01	(0.07)	0.18	1.19	(0.89)	2.03	(2.13)	5.71
A	1.45	0.17	0.02	(0.44)	1.82	(1.47)	2.82	(2.74)	14.01
CRM	1.23	(0.40)	0.00	(0.19)	0.00	0.00	2.12	(3.26)	8.50
JPM	0.84	0.14	0.12	0.23	0.84	(0.93)	1.83	(1.51)	5.90
MRK	1.38	(0.08)	(0.03)	0.03	1.95	(1.28)	2.90	(3.31)	10.58
XOM	1.06	0.01	(0.05)	0.17	1.32	(1.07)	2.14	(2.07)	6.26

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