LegalZoom Correlations

LZ Stock

USD 9.18 0.08 0.88%

The current 90-days correlation between LegalZoom and Corsair Gaming is 0.12 (i.e., Average 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

Weak diversification

The correlation between LegalZoom and DJI is 0.39 (i.e., 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 various price indices.

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

Home Depot

Pair Corr

Moving against LegalZoom Stock

0.71	JNJ	Johnson Johnson	Pair Corr
0.71	MRK	Merck Company Aggressive Push	Pair Corr
0.57	IBM	International Business	Pair Corr
0.55	PTAIY	Astra International Tbk	Pair Corr
0.54	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.52	INTC	Intel Aggressive Push	Pair Corr
0.49	KO	Coca Cola Aggressive Push	Pair Corr
0.47	BKRKF	PT Bank Rakyat	Pair Corr
0.44	AA	Alcoa Corp	Pair Corr
0.41	EC	Ecopetrol SA ADR	Pair Corr
0.38	WMT	Walmart	Pair Corr
0.36	GE	GE Aerospace	Pair Corr
0.35	MMM	3M Company	Pair Corr
0.33	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	FHBC	DAL	CRSR	FITSF	RYAAY	SBGI	MFGCF	STBFY
FHBC		0.0	0.0	0.0	0.0	0.0	0.0	0.0	FHBC
DAL	0.0		0.36	0.0	0.18	-0.33	-0.24	0.4	DAL
CRSR	0.0	0.36		0.0	-0.57	-0.67	-0.33	0.03	CRSR
FITSF	0.0	0.0	0.0		0.0	0.0	0.0	0.0	FITSF
RYAAY	0.0	0.18	-0.57	0.0		0.3	-0.02	-0.19	RYAAY
SBGI	0.0	-0.33	-0.67	0.0	0.3		-0.02	0.19	SBGI
MFGCF	0.0	-0.24	-0.33	0.0	-0.02	-0.02		0.1	MFGCF
STBFY	0.0	0.4	0.03	0.0	-0.19	0.19	0.1		STBFY
	FHBC	DAL	CRSR	FITSF	RYAAY	SBGI	MFGCF	STBFY

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

STBFY	+ 0.4	DAL
CRSR	+ 0.36	DAL
SBGI	+ 0.3	RYAAY
STBFY	+ 0.19	SBGI
RYAAY	+ 0.18	DAL
STBFY	+ 0.1	MFGCF

High negative correlations

SBGI	- 0.67	CRSR
RYAAY	- 0.57	CRSR
MFGCF	- 0.33	CRSR
SBGI	- 0.33	DAL
MFGCF	- 0.24	DAL
STBFY	- 0.19	RYAAY

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
FHBC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DAL	1.87	(0.02)	0.00	0.01	2.20	(1.95)	4.34	(3.72)	9.73
CRSR	2.74	(0.55)	0.00	(0.22)	0.00	0.00	4.48	(7.03)	21.94
FITSF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RYAAY	1.33	(0.03)	0.00	(0.04)	0.00	0.00	3.15	(2.79)	6.85
SBGI	1.65	0.23	0.12	1.05	1.59	(1.94)	3.44	(2.83)	22.96
MFGCF	3.10	0.40	0.11	0.93	3.03	(4.23)	6.11	(4.40)	19.11
STBFY	0.91	0.00	(0.02)	0.00	1.19	(1.02)	2.64	(1.52)	6.64

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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