IZEA Correlations
| IZEA Stock | USD 2.50 0.07 2.72% |
The correlation of IZEA 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IZEA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IZEA Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Average diversification
The correlation between IZEA Inc and NYA is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IZEA Inc and NYA in the same portfolio, assuming nothing else is changed.
IZEA |
The ability to find closely correlated positions to IZEA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IZEA when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back IZEA - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling IZEA Inc to buy it.
Moving together with IZEA Stock
| 0.61 | EVER | EverQuote Class A Financial Report 13th of May 2024 | PairCorr |
| 0.64 | FENG | Phoenix New Media | PairCorr |
| 0.67 | TME | Tencent Music Entert Financial Report 21st of May 2024 | PairCorr |
Moving against IZEA Stock
| 0.88 | Z | Zillow Group Class Financial Report 1st of May 2024 | PairCorr |
| 0.86 | ZG | Zillow Group Financial Report 1st of May 2024 | PairCorr |
| 0.78 | GRPN | Groupon Financial Report 8th of May 2024 | PairCorr |
| 0.74 | GETY | Getty Images Holdings Financial Report 9th of May 2024 | PairCorr |
| 0.72 | GENI | Genius Sports Financial Report 14th of May 2024 | PairCorr |
| 0.69 | GMM | Global Mofy Metaverse | PairCorr |
| 0.66 | ZH | Zhihu Inc ADR | PairCorr |
| 0.66 | FVRR | Fiverr International Financial Report 9th of May 2024 | PairCorr |
| 0.66 | ZDGE | Zedge Inc | PairCorr |
| 0.54 | SLE | Super League Enterprise Symbol Change | PairCorr |
| 0.52 | IAC | IAC Inc Financial Report 14th of May 2024 | PairCorr |
| 0.45 | GROM | Grom Social Enterprises | PairCorr |
Related Correlations Analysis
Please specify at least 3 valid symbols having historical data to build a meaningful correlation cloud. You can use symbol search above to locate your securities.
Be your own money manager
Our tools can tell you how much better you can do entering a position in IZEA without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run CEOs Directory Now
CEOs DirectoryScreen CEOs from public companies around the world |
| All Next | Launch Module |
IZEA Corporate Directors
IZEA corporate directors refer to members of an IZEA board of directors. The board of directors generally takes responsibility for the IZEA's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of IZEA's board members must vote for the resolution. The IZEA board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Brian Brady | Director | Profile | |
| Ryan Schram | COO and Director | Profile | |
| Daniel Rua | Director | Profile | |
| Lindsay Gardner | Independent Director | Profile |
Already Invested in IZEA Inc?
The danger of trading IZEA Inc is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of IZEA is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than IZEA. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile IZEA Inc is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether IZEA Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of IZEA's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Izea Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Izea Inc Stock: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IZEA Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the IZEA Inc information on this page should be used as a complementary analysis to other IZEA's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Complementary Tools for IZEA Stock analysis
When running IZEA's price analysis, check to measure IZEA's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy IZEA is operating at the current time. Most of IZEA's value examination focuses on studying past and present price action to predict the probability of IZEA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IZEA's price. Additionally, you may evaluate how the addition of IZEA to your portfolios can decrease your overall portfolio volatility.
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume |
Is IZEA's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of IZEA. If investors know IZEA will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about IZEA listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.45) | Revenue Per Share 2.212 | Quarterly Revenue Growth 0.01 | Return On Assets (0.07) | Return On Equity (0.11) |
The market value of IZEA Inc is measured differently than its book value, which is the value of IZEA that is recorded on the company's balance sheet. Investors also form their own opinion of IZEA's value that differs from its market value or its book value, called intrinsic value, which is IZEA's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because IZEA's market value can be influenced by many factors that don't directly affect IZEA's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between IZEA's value and its price as these two are different measures arrived at by different means. Investors typically determine if IZEA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IZEA's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.