LegalZoom Correlations

LZ Stock

USD 6.66 0.29 4.17%

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 good diversification

The correlation between LegalZoom and DJI is -0.48 (i.e., Very good 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.

Build AI portfolio with LegalZoom Stock

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

0.68	0K7V	News Corp Cl	Pair Corr
0.68	VCIG	VCI Global Limited	Pair Corr
0.74	0G9R	PowerCell Sweden	Pair Corr
0.7	0RFX	Bell Food Group	Pair Corr
0.78	0I6U	DXC Technology	Pair Corr
0.74	0GZV	Getinge AB ser	Pair Corr

Moving against LegalZoom Stock

0.88	0JVV	Lumentum Holdings	Pair Corr
0.87	0QME	Orell Fuessli AG	Pair Corr
0.81	0NV5	UPM Kymmene Oyj	Pair Corr
0.78	0QWA	Logista	Pair Corr
0.78	0MPL	SGL Carbon SE	Pair Corr
0.78	WM	Waste Management	Pair Corr
0.77	BV	BrightView Holdings	Pair Corr
0.76	0J4G	Helmerich Payne	Pair Corr
0.63	0HAH	Fortum Oyj	Pair Corr
0.59	0LJB	Uniti Group	Pair Corr
0.52	CUV	Realord Group Holdings	Pair Corr
0.94	0HRZ	Cabot Oil Gas	Pair Corr
0.93	0I0J	Clorox	Pair Corr
0.92	0K87	NiSource	Pair Corr
0.9	0RJI	Anheuser Busch Inbev	Pair Corr
0.87	0I3Z	Deutsche Euroshop	Pair Corr
0.84	0GWB	Lundbergforetagen AB	Pair Corr
0.83	0Q7L	AMAG Austria Metall	Pair Corr
0.73	0LHR	Tyson Foods Cl	Pair Corr
0.44	0FQ8	Pharol SGPS SA	Pair Corr
0.38	0QVK	COFACE	Pair Corr
0.85	0F08	Kongsberg Gruppen ASA	Pair Corr
0.75	0L9E	Stanley Black Decker	Pair Corr
0.67	0R3E	Lockheed Martin Corp	Pair Corr
0.6	0KII	SSAB AB ser	Pair Corr
0.6	0O7J	Corticeira Amorim	Pair Corr
0.58	RFX	Ramsdens Holdings PLC	Pair Corr

Related Correlations Analysis

	SCS	HLIO	HLMN	HNI	CECO	PBI	NSP	FA	ROCK	VVX
SCS		-0.76	-0.48	-0.83	-0.68	-0.22	0.03	0.55	-0.18	-0.74	SCS
HLIO	-0.76		0.22	0.87	0.82	0.47	-0.43	-0.82	0.2	0.88	HLIO
HLMN	-0.48	0.22		0.58	0.39	0.08	0.61	0.1	0.71	0.28	HLMN
HNI	-0.83	0.87	0.58		0.88	0.41	-0.08	-0.67	0.49	0.8	HNI
CECO	-0.68	0.82	0.39	0.88		0.44	-0.17	-0.66	0.47	0.73	CECO
PBI	-0.22	0.47	0.08	0.41	0.44		-0.15	-0.19	0.14	0.43	PBI
NSP	0.03	-0.43	0.61	-0.08	-0.17	-0.15		0.75	0.39	-0.15	NSP
FA	0.55	-0.82	0.1	-0.67	-0.66	-0.19	0.75		-0.03	-0.58	FA
ROCK	-0.18	0.2	0.71	0.49	0.47	0.14	0.39	-0.03		0.26	ROCK
VVX	-0.74	0.88	0.28	0.8	0.73	0.43	-0.15	-0.58	0.26		VVX
	SCS	HLIO	HLMN	HNI	CECO	PBI	NSP	FA	ROCK	VVX

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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

VVX	+ 0.88	HLIO
CECO	+ 0.88	HNI
HNI	+ 0.87	HLIO
CECO	+ 0.82	HLIO
VVX	+ 0.8	HNI
FA	+ 0.75	NSP

High negative correlations

HNI	- 0.83	SCS
FA	- 0.82	HLIO
HLIO	- 0.76	SCS
VVX	- 0.74	SCS
CECO	- 0.68	SCS
FA	- 0.67	HNI

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
SCS	0.67	(0.09)	0.00	0.50	0.00	0.00	1.68	(1.45)	6.67
HLIO	1.69	0.54	0.31	(2.50)	1.17	(2.01)	4.29	(2.08)	9.43
HLMN	1.86	(0.17)	0.00	(0.06)	0.00	0.00	4.07	(2.96)	18.41
HNI	1.13	0.07	0.04	0.13	1.41	(1.27)	2.32	(2.09)	9.58
CECO	2.31	0.26	0.04	(0.97)	4.80	(2.26)	4.46	(4.53)	29.09
PBI	1.39	0.08	0.05	0.12	1.71	(1.56)	2.57	(2.99)	13.01
NSP	2.93	(0.64)	0.00	(0.87)	0.00	0.00	4.91	(8.28)	23.28
FA	2.76	(0.26)	0.00	(0.08)	0.00	0.00	4.29	(7.24)	24.33
ROCK	1.99	(0.21)	0.00	(0.10)	0.00	0.00	4.35	(3.96)	17.81
VVX	1.77	0.41	0.19	0.47	1.71	(1.92)	3.81	(3.22)	12.04

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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