Zscaler Correlations
| ZS Stock | USD 172.71 0.13 0.08% |
The current 90-days correlation between Zscaler and Uipath Inc is 0.39 (i.e., Weak diversification). The correlation of Zscaler 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.
Zscaler Correlation With Market
Weak diversification
The correlation between Zscaler and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zscaler and DJI in the same portfolio, assuming nothing else is changed.
Zscaler |
Moving together with Zscaler Stock
| 0.79 | MQ | Marqeta | PairCorr |
| 0.68 | VRAR | Glimpse Group | PairCorr |
| 0.74 | NET | Cloudflare | PairCorr |
| 0.61 | ODD | ODDITY Tech | PairCorr |
Moving against Zscaler Stock
| 0.51 | JG | Aurora Mobile Tech Boost | PairCorr |
| 0.32 | VRSN | VeriSign | PairCorr |
| 0.46 | BOX | Box Inc | PairCorr |
| 0.35 | TCX | Tucows Inc | PairCorr |
| 0.33 | DOX | Amdocs Fiscal Year End 5th of November 2024 | PairCorr |
Related Correlations Analysis
| 0.6 | 0.59 | 0.38 | 0.39 | 0.56 | 0.06 | PATH | ||
| 0.6 | 0.36 | 0.42 | 0.4 | 0.59 | 0.21 | SQ | ||
| 0.59 | 0.36 | 0.17 | 0.0 | 0.41 | 0.14 | ADBE | ||
| 0.38 | 0.42 | 0.17 | 0.09 | 0.57 | 0.32 | CRWD | ||
| 0.39 | 0.4 | 0.0 | 0.09 | 0.16 | -0.55 | ORCL | ||
| 0.56 | 0.59 | 0.41 | 0.57 | 0.16 | 0.44 | NET | ||
| 0.06 | 0.21 | 0.14 | 0.32 | -0.55 | 0.44 | OKTA | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Zscaler Stock performing well and Zscaler 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 Zscaler'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PATH | 1.81 | (0.02) | 0.02 | 0.10 | 2.42 | 3.59 | 12.13 | |||
| SQ | 1.86 | (0.06) | 0.01 | 0.08 | 2.57 | 3.38 | 12.57 | |||
| ADBE | 1.32 | (0.11) | (0.05) | 0.01 | 2.21 | 2.66 | 11.89 | |||
| CRWD | 2.37 | (0.48) | 0.00 | (0.29) | 0.00 | 3.84 | 15.80 | |||
| ORCL | 1.37 | 0.14 | 0.07 | 0.28 | 1.53 | 2.67 | 13.19 | |||
| NET | 1.70 | (0.04) | (0.01) | 0.08 | 2.16 | 3.17 | 11.71 | |||
| OKTA | 1.83 | (0.31) | 0.00 | (0.17) | 0.00 | 3.03 | 22.25 |
Zscaler Corporate Management
| Ashwin Kesireddy | Vice Finance | Profile | |
| Dali Rajic | Chief Officer | Profile | |
| Mike Rich | Chief Sales | Profile | |
| Chris Kozup | Chief Officer | Profile | |
| Brendan Castle | Chief Officer | Profile | |
| Kailash | Founder Architect | Profile |