Zebra Technologies Correlations

ZBRA Stock

USD 394.70 4.89 1.22%

The current 90-days correlation between Zebra Technologies and Rigetti Computing is 0.08 (i.e., Significant diversification). The correlation of Zebra Technologies 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.

Zebra Technologies Correlation With Market

Modest diversification

The correlation between Zebra Technologies and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zebra Technologies and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zebra Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For information on how to trade Zebra Stock refer to our How to Trade Zebra Stock guide.

Moving together with Zebra Stock

0.68	EXTR	Extreme Networks	Pair Corr
0.75	HPE	Hewlett Packard Ente	Pair Corr
0.78	LITE	Lumentum Holdings Earnings Call This Week	Pair Corr
0.65	NTAP	NetApp Inc	Pair Corr
0.64	SSYS	Stratasys	Pair Corr
0.77	CSCO	Cisco Systems	Pair Corr
0.65	ZD	Ziff Davis	Pair Corr

Moving against Zebra Stock

0.51	INFN	Infinera	Pair Corr
0.41	NOK	Nokia Corp ADR	Pair Corr
0.36	DM	Desktop Metal Tech Boost	Pair Corr
0.35	REFR	Research Frontiers	Pair Corr
0.34	CRCT	Cricut Inc	Pair Corr

Related Correlations Analysis

	RGTI	IONQ-WT	ARQQW	QBTS-WT
RGTI		0.37	0.17	0.66	RGTI
IONQ-WT	0.37		0.09	0.83	IONQ-WT
ARQQW	0.17	0.09		0.09	ARQQW
QBTS-WT	0.66	0.83	0.09		QBTS-WT
	RGTI	IONQ-WT	ARQQW	QBTS-WT

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Risk-Adjusted Indicators

There is a big difference between Zebra Stock performing well and Zebra Technologies 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 Zebra Technologies' 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
RGTI	14.01	5.39	0.37	(4.00)	11.64	(17.65)	42.22	(20.00)	103.45
IONQ-WT	12.38	2.30	0.14	(7.84)	14.83	(15.34)	36.25	(22.38)	86.97
ARQQW	43.99	19.78	0.00	2.37	0.00	0.00	2.44	0.00	536.44
QBTS-WT	17.20	4.26	0.19	(1.49)	17.84	(22.08)	55.86	(35.23)	107.32

Zebra Technologies Corporate Management

CFA CFA	VP Relations	Profile
Matt Ausman	Chief Officer	Profile
Bill Cate	VP Operations	Profile
IRC CFA	Vice Relations	Profile

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