LegalZoom Correlations

LZ Stock

USD 7.11 0.58 7.54%

The current 90-days correlation between LegalZoom and Steelcase is -0.03 (i.e., Good 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 good diversification

The correlation between LegalZoom and DJI is -0.34 (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

0.66	0P5L	Axway Software SA	Pair Corr
0.75	TMIP	Taylor Maritime Inve	Pair Corr

Moving against LegalZoom Stock

0.79	ROL	Rollins Earnings Call This Week	Pair Corr
0.71	0I47	Costco Wholesale Corp	Pair Corr
0.64	0LHR	Tyson Foods Cl	Pair Corr
0.63	0L8B	Southern Copper Corp	Pair Corr
0.62	WM	Waste Management	Pair Corr
0.57	0J5Z	Hormel Foods Corp	Pair Corr
0.55	0NY8	Veolia Environnement	Pair Corr
0.5	0J71	JB Hunt Transport	Pair Corr
0.49	0Q7L	AMAG Austria Metall	Pair Corr
0.48	0IL1	Federal Realty Investment Earnings Call Tomorrow	Pair Corr
0.45	RTO	Rentokil Initial PLC	Pair Corr
0.67	0N9K	Elmos Semiconductor	Pair Corr
0.66	0QT5	Gaztransport et Technigaz Earnings Call Next Week	Pair Corr
0.63	0IW3	Global Net Lease	Pair Corr
0.6	0F07	Kaufman Et Broad	Pair Corr
0.59	0GA3	Telecom Italia SpA	Pair Corr
0.57	0LVK	Westlake Chemical Corp	Pair Corr
0.56	0JW2	MT Bank Corp	Pair Corr
0.55	0L8F	Southwest Airlines	Pair Corr
0.47	0H6E	AGNC Investment Corp	Pair Corr
0.47	0RQ9	Lundin Mining Corp Earnings Call Next Week	Pair Corr
0.47	0KV3	Regions Financial Corp	Pair Corr

Related Correlations Analysis

	SCS	HLIO	HLMN	HNI	CECO	PBI	NSP	FA	ROCK	VVX
SCS		-0.64	-0.66	-0.62	-0.69	-0.54	-0.81	-0.21	-0.13	-0.76	SCS
HLIO	-0.64		0.92	0.97	0.92	0.56	0.52	-0.33	0.21	0.91	HLIO
HLMN	-0.66	0.92		0.91	0.88	0.69	0.63	-0.06	0.25	0.84	HLMN
HNI	-0.62	0.97	0.91		0.93	0.67	0.55	-0.27	0.07	0.88	HNI
CECO	-0.69	0.92	0.88	0.93		0.75	0.64	-0.09	0.13	0.87	CECO
PBI	-0.54	0.56	0.69	0.67	0.75		0.65	0.36	-0.1	0.5	PBI
NSP	-0.81	0.52	0.63	0.55	0.64	0.65		0.54	0.04	0.7	NSP
FA	-0.21	-0.33	-0.06	-0.27	-0.09	0.36	0.54		-0.09	-0.16	FA
ROCK	-0.13	0.21	0.25	0.07	0.13	-0.1	0.04	-0.09		0.27	ROCK
VVX	-0.76	0.91	0.84	0.88	0.87	0.5	0.7	-0.16	0.27		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

HNI	+ 0.97	HLIO
CECO	+ 0.93	HNI
HLMN	+ 0.92	HLIO
CECO	+ 0.92	HLIO
VVX	+ 0.91	HLIO
HNI	+ 0.91	HLMN

High negative correlations

NSP	- 0.81	SCS
VVX	- 0.76	SCS
CECO	- 0.69	SCS
HLMN	- 0.66	SCS
HLIO	- 0.64	SCS
HNI	- 0.62	SCS

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	(0.08)	0.00	0.73	0.00	0.00	1.68	(1.45)	6.67
HLIO	1.72	0.28	0.18	0.26	1.49	(1.92)	3.90	(3.06)	9.43
HLMN	1.73	0.12	0.12	0.16	1.25	(2.46)	4.67	(2.19)	10.46
HNI	1.09	0.35	0.31	0.60	0.51	(1.34)	2.93	(1.52)	6.56
CECO	1.90	0.44	0.17	0.44	2.22	(2.05)	4.25	(4.14)	11.63
PBI	1.31	0.09	0.05	0.21	1.51	(1.48)	2.65	(2.42)	9.16
NSP	2.40	(0.25)	0.00	(0.09)	0.00	0.00	4.91	(7.18)	17.97
FA	2.26	(0.49)	0.00	(0.17)	0.00	0.00	3.67	(5.86)	15.08
ROCK	2.28	(0.26)	0.00	(0.04)	0.00	0.00	5.00	(3.96)	23.65
VVX	1.60	0.12	0.07	0.20	1.73	(1.71)	3.90	(2.67)	11.60

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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