Zoom Video Correlations

ZM Stock

USD 82.70 2.85 3.57%

The current 90-days correlation between Zoom Video Communications and Shopify is 0.23 (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 0.47 (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

0.75	PTAIY	Astra International Tbk	Pair Corr
0.63	WAFU	Wah Fu Education	Pair Corr
0.71	HWH	HWH International	Pair Corr
0.7	BMEZ	BlackRock Health Sciences	Pair Corr
0.71	HD	Home Depot	Pair Corr
0.85	PBNAF	Pembina Pipeline	Pair Corr

Moving against Zoom Stock

0.78	PBCRY	Bank Central Asia	Pair Corr
0.71	MSTR	MicroStrategy Incorporated	Pair Corr
0.63	PPERY	Bank Mandiri Persero	Pair Corr
0.49	BKRKF	PT Bank Rakyat	Pair Corr
0.39	PTAIF	PT Astra International	Pair Corr
0.35	PPERF	Bank Mandiri Persero	Pair Corr

Related Correlations Analysis

	AI	SHOP	CRM	WDAY	SNOW	TTD	ADSK	INTU	NOW
AI		-0.72	0.74	0.14	-0.11	0.88	-0.37	0.83	0.6	AI
SHOP	-0.72		-0.75	0.07	0.33	-0.72	0.45	-0.7	-0.51	SHOP
CRM	0.74	-0.75		0.35	0.1	0.71	-0.11	0.63	0.78	CRM
WDAY	0.14	0.07	0.35		0.56	0.01	0.53	0.1	0.55	WDAY
SNOW	-0.11	0.33	0.1	0.56		-0.18	0.75	-0.31	0.44	SNOW
TTD	0.88	-0.72	0.71	0.01	-0.18		-0.4	0.9	0.45	TTD
ADSK	-0.37	0.45	-0.11	0.53	0.75	-0.4		-0.4	0.33	ADSK
INTU	0.83	-0.7	0.63	0.1	-0.31	0.9	-0.4		0.43	INTU
NOW	0.6	-0.51	0.78	0.55	0.44	0.45	0.33	0.43		NOW
	AI	SHOP	CRM	WDAY	SNOW	TTD	ADSK	INTU	NOW

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

INTU	+ 0.9	TTD
TTD	+ 0.88	AI
INTU	+ 0.83	AI
NOW	+ 0.78	CRM
ADSK	+ 0.75	SNOW
CRM	+ 0.74	AI

High negative correlations

CRM	- 0.75	SHOP
TTD	- 0.72	SHOP
SHOP	- 0.72	AI
INTU	- 0.7	SHOP
NOW	- 0.51	SHOP
INTU	- 0.4	ADSK

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
AI	2.66	(0.64)	0.00	(0.14)	0.00	0.00	5.04	(5.08)	29.73
SHOP	2.30	0.48	0.27	0.28	1.71	(2.95)	5.63	(3.61)	26.54
CRM	1.37	(0.20)	0.00	(0.14)	0.00	0.00	2.32	(3.30)	8.74
WDAY	1.48	(0.06)	(0.03)	0.00	2.03	(1.45)	3.06	(3.54)	10.79
SNOW	1.99	0.18	0.07	0.24	2.33	(2.21)	3.77	(3.37)	24.62
TTD	2.60	(0.34)	0.00	(1.05)	0.00	0.00	5.15	(4.44)	45.19
ADSK	1.28	(0.02)	(0.02)	0.03	1.83	(1.31)	2.00	(2.08)	11.94
INTU	1.09	(0.29)	0.00	(0.52)	0.00	0.00	1.75	(2.69)	7.35
NOW	1.47	(0.19)	0.00	(0.17)	0.00	0.00	2.79	(3.05)	8.34

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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