Zillow Group Correlations

Z Etf

USD 66.03 0.00 0.00%

The current 90-days correlation between Zillow Group Class and Pinterest is 0.78 (i.e., Poor 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

Poor diversification

The correlation between Zillow Group Class and DJI is 0.78 (i.e., Poor 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

0.92	PK	Park Hotels Resorts	Pair Corr
0.91	UE	Urban Edge Properties	Pair Corr
0.78	WHLR	Wheeler Real Estate	Pair Corr
0.89	AHH	Armada Hflr Pr	Pair Corr
0.88	AIV	Apartment Investment and	Pair Corr
0.91	AKR	Acadia Realty Trust	Pair Corr
0.74	ARE	Alexandria Real Estate	Pair Corr
0.93	BDN	Brandywine Realty Trust	Pair Corr
0.84	BFS	Saul Centers	Pair Corr
0.66	BNL	Broadstone Net Lease	Pair Corr
0.83	BRX	Brixmor Property	Pair Corr
0.76	BXP	Boston Properties Sell-off Trend	Pair Corr
0.63	CTO	CTO Realty Growth	Pair Corr
0.9	DEI	Douglas Emmett	Pair Corr
0.89	EGP	EastGroup Properties	Pair Corr
0.73	FPH	Five Point Holdings	Pair Corr
0.73	FSP	Franklin Street Prop	Pair Corr
0.72	GTY	Getty Realty	Pair Corr
0.8	HPP	Hudson Pacific Properties	Pair Corr
0.91	INN	Summit Hotel Properties	Pair Corr
0.9	IVT	Inventrust Properties	Pair Corr
0.74	KRC	Kilroy Realty Corp	Pair Corr
0.8	LXP	LXP Industrial Trust	Pair Corr
0.71	OLP	One Liberty Properties	Pair Corr
0.73	RHP	Ryman Hospitality	Pair Corr
0.93	SLG	SL Green Realty	Pair Corr
0.92	SITC	Site Centers Corp	Pair Corr

Moving against Zillow Etf

0.65	NTST	Netstreit Corp	Pair Corr
0.47	EA	Electronic Arts	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.59	0.49	0.28	-0.16	0.79	0.96	0.76	0.31	0.27	META
MSFT	0.59		0.95	0.78	0.33	0.04	0.53	0.81	-0.43	-0.19	MSFT
UBER	0.49	0.95		0.82	0.4	-0.04	0.44	0.82	-0.5	-0.16	UBER
F	0.28	0.78	0.82		0.5	-0.13	0.24	0.56	-0.36	0.15	F
T	-0.16	0.33	0.4	0.5		-0.36	-0.16	0.29	-0.38	0.11	T
A	0.79	0.04	-0.04	-0.13	-0.36		0.84	0.39	0.74	0.54	A
CRM	0.96	0.53	0.44	0.24	-0.16	0.84		0.76	0.37	0.34	CRM
JPM	0.76	0.81	0.82	0.56	0.29	0.39	0.76		-0.19	0.11	JPM
MRK	0.31	-0.43	-0.5	-0.36	-0.38	0.74	0.37	-0.19		0.59	MRK
XOM	0.27	-0.19	-0.16	0.15	0.11	0.54	0.34	0.11	0.59		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

CRM	+ 0.96	META
UBER	+ 0.95	MSFT
CRM	+ 0.84	A
F	+ 0.82	UBER
JPM	+ 0.82	UBER
JPM	+ 0.81	MSFT

High negative correlations

MRK	- 0.5	UBER
MRK	- 0.43	MSFT
MRK	- 0.38	T
A	- 0.36	T
MRK	- 0.36	F
MRK	- 0.19	JPM

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	2.36	0.03	0.00	(0.07)	0.00	0.00	4.23	(4.67)	21.50
MSFT	1.44	0.22	0.13	0.13	1.54	(1.53)	3.19	(3.01)	13.79
UBER	2.13	0.27	0.08	0.11	2.65	(2.17)	4.19	(3.48)	15.18
F	1.81	0.28	0.12	0.19	2.23	(1.95)	3.24	(3.74)	12.96
T	1.34	0.12	0.08	0.29	2.29	(1.27)	2.08	(3.02)	8.94
A	1.82	(0.21)	0.00	(0.26)	0.00	0.00	2.80	(5.45)	14.45
CRM	1.76	(0.10)	0.00	(0.17)	0.00	0.00	3.02	(4.45)	13.13
JPM	1.53	0.09	0.00	(0.01)	0.00	0.00	2.88	(3.98)	11.14
MRK	1.60	(0.11)	0.00	(0.27)	0.00	0.00	2.10	(4.72)	10.60
XOM	1.37	(0.04)	0.00	(0.13)	0.00	0.00	2.80	(3.20)	10.53

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