Zoom Video Correlations

ZM Stock

USD 84.28 1.49 1.80%

The current 90-days correlation between Zoom Video Communications and PTC Inc is 0.28 (i.e., Modest 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

Very weak diversification

The correlation between Zoom Video Communications and DJI is 0.5 (i.e., Very weak 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.

Build AI portfolio with Zoom Stock

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 industry.

Moving together with Zoom Stock

0.69	VMEO	Vimeo Inc Earnings Call This Week	Pair Corr
0.7	OTEX	Open Text Corp	Pair Corr
0.62	IOT	Samsara	Pair Corr
0.8	HTCR	HeartCore Enterprises	Pair Corr
0.85	JAMF	Jamf Holding	Pair Corr
0.62	MLNK	Meridianlink Earnings Call This Week	Pair Corr
0.79	TIXT	TELUS International	Pair Corr
0.76	RZLV	Rezolve AI Limited	Pair Corr
0.93	FSTR	LB Foster	Pair Corr
0.84	DDS	Dillards,	Pair Corr

Moving against Zoom Stock

0.77	NOW	NowVertical Group	Pair Corr
0.76	KXS	Kinaxis	Pair Corr
0.67	OBLG	Oblong Inc Tech Boost	Pair Corr
0.58	CXAIW	CXApp Inc	Pair Corr
0.54	LMN	Lumine Group Earnings Call This Week	Pair Corr
0.46	TOI	Topicus	Pair Corr
0.42	GEN	Gen Digital Sell-off Trend	Pair Corr
0.42	MNDO	MIND CTI	Pair Corr
0.33	DND	Dye Durham Earnings Call This Week	Pair Corr
0.33	AMPL	Amplitude	Pair Corr

Related Correlations Analysis

	PTC	TTD	GRAB	SSNC	HUBS	NTAP	VRSN	LDOS	TYL	MSTR
PTC		0.21	-0.66	0.37	-0.01	-0.37	-0.1	-0.33	0.65	0.22	PTC
TTD	0.21		-0.48	-0.3	0.46	-0.78	0.05	-0.79	0.54	0.69	TTD
GRAB	-0.66	-0.48		0.02	0.13	0.77	0.23	0.65	-0.79	-0.49	GRAB
SSNC	0.37	-0.3	0.02		0.17	0.18	0.5	0.09	0.27	0.19	SSNC
HUBS	-0.01	0.46	0.13	0.17		-0.04	0.7	-0.51	0.18	0.31	HUBS
NTAP	-0.37	-0.78	0.77	0.18	-0.04		0.21	0.74	-0.71	-0.74	NTAP
VRSN	-0.1	0.05	0.23	0.5	0.7	0.21		-0.23	0.09	0.24	VRSN
LDOS	-0.33	-0.79	0.65	0.09	-0.51	0.74	-0.23		-0.72	-0.7	LDOS
TYL	0.65	0.54	-0.79	0.27	0.18	-0.71	0.09	-0.72		0.69	TYL
MSTR	0.22	0.69	-0.49	0.19	0.31	-0.74	0.24	-0.7	0.69		MSTR
	PTC	TTD	GRAB	SSNC	HUBS	NTAP	VRSN	LDOS	TYL	MSTR

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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

NTAP	+ 0.77	GRAB
LDOS	+ 0.74	NTAP
VRSN	+ 0.7	HUBS
MSTR	+ 0.69	TTD
MSTR	+ 0.69	TYL
TYL	+ 0.65	PTC

High negative correlations

TYL	- 0.79	GRAB
LDOS	- 0.79	TTD
NTAP	- 0.78	TTD
MSTR	- 0.74	NTAP
TYL	- 0.72	LDOS
TYL	- 0.71	NTAP

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
PTC	0.91	(0.01)	(0.02)	0.03	1.25	(1.03)	1.87	(1.34)	10.51
TTD	2.62	(0.53)	0.00	(0.75)	0.00	0.00	5.04	(4.44)	42.88
GRAB	1.79	0.04	0.03	0.08	2.32	(1.91)	3.77	(3.55)	13.52
SSNC	0.88	(0.10)	0.00	(0.05)	0.00	0.00	2.14	(1.56)	5.45
HUBS	2.23	(0.33)	0.00	(0.10)	0.00	0.00	3.39	(5.89)	15.02
NTAP	1.34	0.10	0.07	0.11	1.49	(1.48)	2.54	(2.02)	9.84
VRSN	1.19	(0.26)	0.00	(0.19)	0.00	0.00	1.86	(2.24)	15.99
LDOS	0.96	0.19	0.14	0.24	1.05	(1.05)	2.21	(2.11)	10.55
TYL	1.23	(0.15)	0.00	(0.21)	0.00	0.00	2.90	(2.15)	9.67
MSTR	2.67	(0.62)	0.00	(0.23)	0.00	0.00	5.62	(6.99)	14.87

Zoom Video Corporate Management

Michelle Chang	Chief Officer	Profile
Xuedong Huang	Chief Officer	Profile
Brendan Ittelson	Chief Officer	Profile
Kimberly McGarry	Chief Officer	Profile
Gary Sorrentino	Global Officer	Profile

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