LegalZoom Correlations

LZ Stock

USD 7.83 0.07 0.90%

The current 90-days correlation between LegalZoom and First Advantage Corp is 0.35 (i.e., Weak diversification). The correlation of LegalZoom 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.

LegalZoom Correlation With Market

Very weak diversification

The correlation between LegalZoom and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LegalZoom and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in LegalZoom. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more information on how to buy LegalZoom Stock please use our How to Invest in LegalZoom guide.

Moving together with LegalZoom Stock

0.78	G	Genpact Limited	Pair Corr
0.72	BR	Broadridge Financial	Pair Corr
0.79	BV	BrightView Holdings	Pair Corr
0.64	KC	Kingsoft Cloud Holdings Trending	Pair Corr
0.61	NL	NL Industries	Pair Corr
0.78	SQ	Block Inc	Pair Corr
0.87	WM	Waste Management	Pair Corr
0.88	DRVN	Driven Brands Holdings	Pair Corr
0.76	VRSK	Verisk Analytics	Pair Corr
0.91	VSEC	VSE Corporation	Pair Corr
0.9	EXLS	ExlService Holdings	Pair Corr
0.66	ABM	ABM Industries Fiscal Year End 11th of December 2024	Pair Corr
0.85	ADP	Automatic Data Processing	Pair Corr
0.8	CBZ	CBIZ Inc	Pair Corr
0.73	FOUR	Shift4 Payments	Pair Corr
0.76	KAR	KAR Auction Services	Pair Corr
0.78	RBA	RB Global	Pair Corr

Moving against LegalZoom Stock

0.81	VCIG	VCI Global Limited	Pair Corr
0.73	MG	Mistras Group	Pair Corr
0.71	VLTO	Veralto	Pair Corr
0.55	FA	First Advantage Corp	Pair Corr
0.44	DLHC	DLH Holdings Corp Fiscal Year End 4th of December 2024	Pair Corr
0.42	FC	Franklin Covey	Pair Corr
0.73	EFX	Equifax	Pair Corr
0.61	WHLM	Wilhelmina	Pair Corr
0.55	DSS	DSS Inc	Pair Corr
0.52	EXPO	Exponent	Pair Corr
0.33	FORR	Forrester Research	Pair Corr
0.76	SMX	SMX Public Limited	Pair Corr
0.73	FCN	FTI Consulting	Pair Corr
0.51	YXT	YXTCOM GROUP HOLDING	Pair Corr
0.41	MMS	Maximus	Pair Corr
0.38	TRI	Thomson Reuters Corp	Pair Corr

Related Correlations Analysis

	G	BR	FA	FC	KC	LZ	MG	NL	SQ
G		0.84	-0.38	-0.64	0.83	0.78	-0.64	0.42	0.83	G
BR	0.84		-0.27	-0.51	0.83	0.72	-0.49	0.73	0.86	BR
FA	-0.38	-0.27		0.54	-0.3	-0.55	0.69	-0.24	-0.5	FA
FC	-0.64	-0.51	0.54		-0.59	-0.42	0.53	-0.08	-0.58	FC
KC	0.83	0.83	-0.3	-0.59		0.64	-0.57	0.58	0.82	KC
LZ	0.78	0.72	-0.55	-0.42	0.64		-0.73	0.61	0.78	LZ
MG	-0.64	-0.49	0.69	0.53	-0.57	-0.73		-0.36	-0.64	MG
NL	0.42	0.73	-0.24	-0.08	0.58	0.61	-0.36		0.69	NL
SQ	0.83	0.86	-0.5	-0.58	0.82	0.78	-0.64	0.69		SQ
	G	BR	FA	FC	KC	LZ	MG	NL	SQ

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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

SQ	+ 0.86	BR
BR	+ 0.84	G
KC	+ 0.83	G
SQ	+ 0.83	G
KC	+ 0.83	BR
SQ	+ 0.82	KC

High negative correlations

MG	- 0.73	LZ
SQ	- 0.64	MG
MG	- 0.64	G
FC	- 0.64	G
KC	- 0.59	FC
SQ	- 0.58	FC

Risk-Adjusted Indicators

There is a big difference between LegalZoom Stock performing well and LegalZoom 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 LegalZoom'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
G	0.98	0.17	0.14	0.32	0.81	(1.12)	2.64	(1.63)	11.64
BR	0.68	0.08	0.02	0.27	0.57	(0.79)	1.66	(1.26)	5.12
FA	1.29	(0.07)	(0.04)	0.05	1.57	(1.39)	2.96	(3.01)	9.66
FC	1.52	(0.26)	0.00	(0.05)	0.00	0.00	2.51	(3.04)	22.53
KC	6.54	1.60	0.30	0.55	5.44	(8.25)	19.49	(11.49)	53.75
LZ	1.82	0.16	0.10	0.22	1.96	(2.11)	4.27	(2.61)	21.05
MG	2.35	(0.55)	0.00	(0.12)	0.00	0.00	4.10	(4.10)	29.26
NL	2.05	0.16	0.09	0.20	2.81	(2.09)	4.35	(5.52)	16.96
SQ	1.94	0.39	0.22	0.36	1.52	(2.12)	4.62	(2.94)	14.80

LegalZoom Corporate Management

Nicole Miller	General VP	Profile
Sheily Panchal	Chief Officer	Profile
Richard Preece	Chief Officer	Profile
Noel Watson	Chief Officer	Profile
Daniel Lysaught	Chief Officer	Profile
Madeleine Crane	Head Relations	Profile

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