ZipRecruiter Correlations

47R Stock

2.12 0.12 6.00%

The current 90-days correlation between ZipRecruiter and PT Bank Central is 0.21 (i.e., Modest diversification). The correlation of ZipRecruiter 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

ZipRecruiter Correlation With Market

Excellent diversification

The correlation between ZipRecruiter and DJI is -0.68 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ZipRecruiter and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to ZipRecruiter could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ZipRecruiter 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 ZipRecruiter - 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 ZipRecruiter to buy it.

Moving together with ZipRecruiter Stock

0.7	K9R	KENEDIX OFFICE INV	Pair Corr
0.78	5PZ	SOLTEC POWER HOLD Split	Pair Corr
0.76	WRI	Washington Real Estate	Pair Corr

Moving against ZipRecruiter Stock

0.94	CDE	Coeur Mining Earnings Call Tomorrow	Pair Corr
0.86	JNJ	Johnson Johnson	Pair Corr
0.86	GG7	GRIFFIN MINING LTD	Pair Corr
0.84	I8M	Sims Metal Management	Pair Corr
0.84	6BW	BW ENERGY LTD	Pair Corr
0.8	4CQA	SUNRISE ENERGY META Earnings Call This Week	Pair Corr
0.76	2CDA	Controladora Vuela Compaa	Pair Corr
0.75	T2N0	CleanTech Lithium Plc	Pair Corr
0.74	7ZY	ACTIVIA PROPERTINC REIT	Pair Corr
0.74	VCV	Vicor Corp	Pair Corr
0.73	T4W	Toro Energy	Pair Corr
0.71	ROI	ROSENBAUER INTERNAT	Pair Corr
0.71	PF8	European Lithium	Pair Corr
0.68	2ES	Industrial Infrastructure	Pair Corr
0.66	SAJA	Companhia de Saneamento	Pair Corr
0.66	DP4B	AP Mller	Pair Corr
0.57	3YL	SMARTOPTICS GRP AS	Pair Corr
0.57	NB9	National Bank Holdings	Pair Corr
0.45	WNI	WHITE MTNS INS	Pair Corr
0.42	EGB	Ensign Group	Pair Corr
0.4	S4C	Nippon Building	Pair Corr
0.93	K3E	Kendrion NV Earnings Call Today	Pair Corr
0.89	ASME	ASML Holding NV	Pair Corr
0.88	EAR	EBARA P	Pair Corr
0.88	COX	Colonial Coal Intern Earnings Call Today	Pair Corr
0.87	LFS	Littelfuse	Pair Corr
0.86	OR6	Oroco Resource Corp	Pair Corr
0.83	GQR0	Mako Mining Corp	Pair Corr
0.81	WBC	WESTPAC BANKING	Pair Corr
0.8	WXF	Hilltop Holdings	Pair Corr

Related Correlations Analysis

	PQ9	PQ9	PQ9	PQ9	BYRA	BYRA	BYRA	BYRA	BZG2	BZG2
PQ9		0.37	0.25	0.22	-0.05	0.2	0.06	0.13	-0.1	-0.26	PQ9
PQ9	0.37		0.6	0.32	-0.54	0.76	0.28	0.15	0.16	-0.63	PQ9
PQ9	0.25	0.6		0.45	-0.32	0.59	0.29	0.36	0.17	-0.41	PQ9
PQ9	0.22	0.32	0.45		0.01	0.26	0.16	0.09	-0.02	0.01	PQ9
BYRA	-0.05	-0.54	-0.32	0.01		-0.44	-0.29	0.2	0.15	0.65	BYRA
BYRA	0.2	0.76	0.59	0.26	-0.44		0.33	0.51	0.5	-0.64	BYRA
BYRA	0.06	0.28	0.29	0.16	-0.29	0.33		-0.01	0.1	-0.44	BYRA
BYRA	0.13	0.15	0.36	0.09	0.2	0.51	-0.01		0.6	-0.08	BYRA
BZG2	-0.1	0.16	0.17	-0.02	0.15	0.5	0.1	0.6		-0.09	BZG2
BZG2	-0.26	-0.63	-0.41	0.01	0.65	-0.64	-0.44	-0.08	-0.09		BZG2
	PQ9	PQ9	PQ9	PQ9	BYRA	BYRA	BYRA	BYRA	BZG2	BZG2

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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

BYRA	+ 0.76	PQ9
BZG2	+ 0.65	BYRA
PQ9	+ 0.6	PQ9
BZG2	+ 0.6	BYRA
BYRA	+ 0.59	PQ9
BYRA	+ 0.51	BYRA

High negative correlations

BZG2	- 0.64	BYRA
BZG2	- 0.63	PQ9
BYRA	- 0.54	PQ9
BZG2	- 0.44	BYRA
BYRA	- 0.44	BYRA
BZG2	- 0.41	PQ9

Risk-Adjusted Indicators

There is a big difference between ZipRecruiter Stock performing well and ZipRecruiter 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 ZipRecruiter'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
PQ9	5.54	0.93	0.06	(0.27)	6.01	(10.84)	18.18	(14.29)	40.26
PQ9	2.72	0.42	0.05	(17.71)	2.89	(6.04)	5.00	(4.76)	26.79
PQ9	0.41	0.02	0.00	0.16	0.00	0.00	0.00	0.00	8.89
PQ9	0.99	0.14	0.00	0.74	0.00	0.00	4.35	0.00	24.58
BYRA	1.30	0.04	0.00	0.08	0.00	0.00	5.00	(5.00)	35.71
BYRA	1.55	0.15	0.00	(0.37)	2.01	(6.51)	5.56	(5.26)	17.03
BYRA	3.54	0.35	0.02	(0.15)	3.96	(7.53)	11.11	(10.00)	26.67
BYRA	0.69	(0.05)	0.00	0.24	0.00	0.00	0.00	(5.56)	12.13
BZG2	0.53	(0.05)	0.00	(0.76)	0.00	0.00	2.56	(2.50)	5.26
BZG2	2.89	(0.20)	0.00	(1.82)	0.00	0.00	7.50	(7.69)	22.82

Be your own money manager

Our tools can tell you how much better you can do entering a position in ZipRecruiter 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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ZipRecruiter Corporate Management

Elected by the shareholders, the ZipRecruiter's board of directors comprises two types of representatives: ZipRecruiter inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ZipRecruiter. The board's role is to monitor ZipRecruiter's management team and ensure that shareholders' interests are well served. ZipRecruiter'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, ZipRecruiter's outside directors are responsible for providing unbiased perspectives on the board's policies.

Ryan JD	Chief VP	Profile
Elliot Wilson	Executive Support	Profile
Amy Garefis	Executive Officer	Profile
Lora Bartolome	Senior Controller	Profile

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