ZoomInfo Technologies Correlations

ZI Stock  USD 16.76  0.04  0.24%   
The correlation of ZoomInfo Technologies is a statistical measure of how it moves in relation to other equities. 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 ZoomInfo Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ZoomInfo Technologies 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 ZoomInfo Technologies and NYA is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ZoomInfo Technologies and NYA in the same portfolio, assuming nothing else is changed.
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in ZoomInfo Technologies. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
For more detail on how to invest in ZoomInfo Stock please use our How to Invest in ZoomInfo Technologies guide.
  
The ability to find closely correlated positions to ZoomInfo Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ZoomInfo Technologies 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 ZoomInfo Technologies - 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 ZoomInfo Technologies to buy it.

Moving together with ZoomInfo Stock

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Related Correlations Analysis

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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   

Risk-Adjusted Indicators

There is a big difference between ZoomInfo Stock performing well and ZoomInfo Technologies 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 ZoomInfo Technologies' 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in ZoomInfo Technologies 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.

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ZoomInfo Technologies Corporate Management

Elected by the shareholders, the ZoomInfo Technologies' board of directors comprises two types of representatives: ZoomInfo Technologies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ZoomInfo. The board's role is to monitor ZoomInfo Technologies' management team and ensure that shareholders' interests are well served. ZoomInfo Technologies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, ZoomInfo Technologies' outside directors are responsible for providing unbiased perspectives on the board's policies.
Anthony StarkGeneral SecretaryProfile
Ali DasdanChief OfficerProfile
Peter CFAChief OfficerProfile
Prasadh CadambiChief StrategyProfile
Jeremiah SisitskyVice RelationsProfile
Steve VittoriosoDirector CommunicationsProfile
Henry SchuckChairman FounderProfile

Already Invested in ZoomInfo Technologies?

The danger of trading ZoomInfo Technologies 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 ZoomInfo Technologies 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 ZoomInfo Technologies. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile ZoomInfo Technologies 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 ZoomInfo Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ZoomInfo Technologies' 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 Zoominfo Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Zoominfo Technologies Stock:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in ZoomInfo Technologies. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
For more detail on how to invest in ZoomInfo Stock please use our How to Invest in ZoomInfo Technologies guide.
You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

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When running ZoomInfo Technologies' price analysis, check to measure ZoomInfo Technologies' 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 ZoomInfo Technologies is operating at the current time. Most of ZoomInfo Technologies' value examination focuses on studying past and present price action to predict the probability of ZoomInfo Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ZoomInfo Technologies' price. Additionally, you may evaluate how the addition of ZoomInfo Technologies to your portfolios can decrease your overall portfolio volatility.
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Is ZoomInfo Technologies' 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 ZoomInfo Technologies. If investors know ZoomInfo 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 ZoomInfo Technologies 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
0.903
Earnings Share
0.27
Revenue Per Share
3.122
Quarterly Revenue Growth
0.049
Return On Assets
0.0241
The market value of ZoomInfo Technologies is measured differently than its book value, which is the value of ZoomInfo that is recorded on the company's balance sheet. Investors also form their own opinion of ZoomInfo Technologies' value that differs from its market value or its book value, called intrinsic value, which is ZoomInfo Technologies' 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 ZoomInfo Technologies' market value can be influenced by many factors that don't directly affect ZoomInfo Technologies' 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 ZoomInfo Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if ZoomInfo Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ZoomInfo Technologies' 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.