Ziff Davis Correlations
| ZD Stock | USD 52.24 0.73 1.38% |
The correlation of Ziff Davis 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 Ziff Davis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ziff Davis 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.
Poor diversification
The correlation between Ziff Davis and NYA is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ziff Davis and NYA in the same portfolio, assuming nothing else is changed.
Ziff |
The ability to find closely correlated positions to Ziff Davis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ziff Davis 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 Ziff Davis - 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 Ziff Davis to buy it.
Moving together with Ziff Stock
| 0.84 | CCO | Clear Channel Outdoor Financial Report 14th of May 2024 | PairCorr |
| 0.64 | IPG | Interpublic Group | PairCorr |
| 0.74 | INUV | Inuvo Inc Earnings Call This Week | PairCorr |
| 0.91 | MGOL | MGO Global Common | PairCorr |
Moving against Ziff Stock
| 0.83 | TSQ | Townsquare Media Financial Report 8th of May 2024 | PairCorr |
| 0.74 | LDWY | Lendway Symbol Change | PairCorr |
| 0.63 | ADV | Advantage Solutions Financial Report 8th of May 2024 | PairCorr |
| 0.56 | NPSNY | Naspers Ltd ADR | PairCorr |
| 0.46 | OMC | Omnicom Group | PairCorr |
| 0.89 | ADTHW | AdTheorent Holding | PairCorr |
| 0.7 | QNST | QuinStreet Earnings Call This Week | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Ziff Stock performing well and Ziff Davis 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 Ziff Davis' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IPG | 0.95 | (0.11) | 0.00 | (0.03) | 0.00 | 2.17 | 7.47 | |||
| CRTO | 1.18 | 0.49 | 0.58 | 0.53 | 0.00 | 3.52 | 19.40 | |||
| WPP | 1.19 | 0.03 | 0.02 | 0.11 | 1.88 | 2.18 | 10.07 | |||
| IAS | 2.44 | (0.68) | 0.00 | (0.24) | 0.00 | 3.60 | 44.86 | |||
| OMC | 0.94 | 0.03 | 0.02 | 0.11 | 1.24 | 2.20 | 6.14 | |||
| TSQ | 1.93 | 0.34 | 0.09 | (1.13) | 2.33 | 4.46 | 12.71 | |||
| CMPR | 2.23 | 0.14 | 0.12 | 0.13 | 2.29 | 4.72 | 28.31 | |||
| TZOO | 2.62 | 0.02 | 0.03 | 0.09 | 3.37 | 5.94 | 13.66 | |||
| EEX | 1.76 | (0.12) | 0.00 | (0.03) | 0.00 | 4.68 | 22.09 | |||
| DRCT | 7.75 | (0.24) | 0.00 | (0.12) | 0.00 | 17.66 | 62.91 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Ziff Davis 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?
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Portfolio VolatilityCheck portfolio volatility and analyze historical return density to properly model market risk |
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Ziff Davis Corporate Management
Elected by the shareholders, the Ziff Davis' board of directors comprises two types of representatives: Ziff Davis inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ziff. The board's role is to monitor Ziff Davis' management team and ensure that shareholders' interests are well served. Ziff Davis' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Ziff Davis' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jeremy JD | General VP | Profile | |
| Joey Fortuna | Chief Officer | Profile | |
| Bret Richter | Chief Officer | Profile | |
| Alan Steier | Vice Finance | Profile | |
| Steven Horowitz | Shopping Technology | Profile | |
| Sean Alford | Senior Development | Profile | |
| Rebecca Wright | Senior Communications | Profile |
Already Invested in Ziff Davis?
The danger of trading Ziff Davis 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 Ziff Davis 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 Ziff Davis. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Ziff Davis 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 Ziff Davis is a strong investment it is important to analyze Ziff Davis' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Ziff Davis' future performance. For an informed investment choice regarding Ziff Stock, refer to the following important reports: Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Ziff Davis. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. For information on how to trade Ziff Stock refer to our How to Trade Ziff Stock guide.Note that the Ziff Davis information on this page should be used as a complementary analysis to other Ziff Davis' 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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Complementary Tools for Ziff Stock analysis
When running Ziff Davis' price analysis, check to measure Ziff Davis' 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 Ziff Davis is operating at the current time. Most of Ziff Davis' value examination focuses on studying past and present price action to predict the probability of Ziff Davis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ziff Davis' price. Additionally, you may evaluate how the addition of Ziff Davis to your portfolios can decrease your overall portfolio volatility.
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Is Ziff Davis' 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 Ziff Davis. If investors know Ziff 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 Ziff Davis listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.04) | Earnings Share 0.89 | Revenue Per Share 29.397 | Quarterly Revenue Growth (0.02) | Return On Assets 0.0338 |
The market value of Ziff Davis is measured differently than its book value, which is the value of Ziff that is recorded on the company's balance sheet. Investors also form their own opinion of Ziff Davis' value that differs from its market value or its book value, called intrinsic value, which is Ziff Davis' 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 Ziff Davis' market value can be influenced by many factors that don't directly affect Ziff Davis' 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 Ziff Davis' value and its price as these two are different measures arrived at by different means. Investors typically determine if Ziff Davis is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ziff Davis' 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.