Zoom Video Correlations
| ZM Stock | USD 61.65 0.03 0.05% |
The correlation of Zoom Video 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 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. 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.
Weak diversification
The correlation between Zoom Video Communications and NYA is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zoom Video Communications and NYA in the same portfolio, assuming nothing else is changed.
Zoom |
The ability to find closely correlated positions to Zoom Video could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zoom Video 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 Zoom Video - 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 Zoom Video Communications to buy it.
Moving together with Zoom Stock
| 0.7 | AI | C3 Ai Inc Tech Boost | PairCorr |
| 0.63 | PD | Pagerduty Potential Growth | PairCorr |
| 0.62 | VS | Versus Systems Tech Boost | PairCorr |
Moving against Zoom Stock
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 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 | 3.09 | (0.34) | 0.00 | (0.02) | 0.00 | 7.84 | 32.77 | |||
| SHOP | 1.97 | (0.28) | 0.00 | (0.04) | 0.00 | 4.52 | 21.49 | |||
| CRM | 1.22 | (0.14) | 0.00 | (0.01) | 0.00 | 2.83 | 10.84 | |||
| WDAY | 1.03 | (0.24) | 0.00 | (0.28) | 0.00 | 2.01 | 9.28 | |||
| SNOW | 2.16 | (0.47) | 0.00 | (0.19) | 0.00 | 4.17 | 27.55 | |||
| TTD | 2.05 | 0.22 | 0.10 | 0.24 | 2.21 | 4.15 | 24.62 | |||
| ADSK | 1.25 | (0.32) | 0.00 | (0.13) | 0.00 | 2.44 | 8.38 | |||
| INTU | 1.12 | (0.12) | (0.04) | 0.01 | 1.59 | 2.33 | 7.37 | |||
| NOW | 1.34 | (0.11) | 0.00 | (0.01) | 0.00 | 2.84 | 8.90 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Zoom Video 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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Zoom Video Corporate Management
Elected by the shareholders, the Zoom Video's board of directors comprises two types of representatives: Zoom Video inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Zoom. The board's role is to monitor Zoom Video's management team and ensure that shareholders' interests are well served. Zoom Video's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Zoom Video's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Xuedong Huang | Chief Officer | Profile | |
| Greg Holmes | Head of Corporate Strategy | Profile | |
| Brendan Ittelson | Chief Officer | Profile | |
| Gary Sorrentino | Global Officer | Profile | |
| Gregory Tomb | President | Profile |
Already Invested in Zoom Video Communications?
The danger of trading Zoom Video Communications 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 Zoom Video 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 Zoom Video. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Zoom Video Communications 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 Zoom Video Communications is a strong investment it is important to analyze Zoom Video's 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 Zoom Video's future performance. For an informed investment choice regarding Zoom 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 Zoom Video Communications. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for Zoom Stock analysis
When running Zoom Video's price analysis, check to measure Zoom Video'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 Zoom Video is operating at the current time. Most of Zoom Video's value examination focuses on studying past and present price action to predict the probability of Zoom Video's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zoom Video's price. Additionally, you may evaluate how the addition of Zoom Video to your portfolios can decrease your overall portfolio volatility.
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Is Zoom Video'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 Zoom Video. If investors know Zoom 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 Zoom Video 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 1.841 | Earnings Share 2.07 | Revenue Per Share 15.053 | Quarterly Revenue Growth 0.026 | Return On Assets 0.0414 |
The market value of Zoom Video Communications is measured differently than its book value, which is the value of Zoom that is recorded on the company's balance sheet. Investors also form their own opinion of Zoom Video's value that differs from its market value or its book value, called intrinsic value, which is Zoom Video'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 Zoom Video's market value can be influenced by many factors that don't directly affect Zoom Video'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 Zoom Video's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zoom Video is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zoom Video'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.