Ziff Davis Correlations

ZD Stock

USD 58.24 1.02 1.78%

The current 90-days correlation between Ziff Davis and Criteo Sa is 0.1 (i.e., Average diversification). The correlation of Ziff Davis 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.

Ziff Davis Correlation With Market

Very weak diversification

The correlation between Ziff Davis and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ziff Davis 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 Ziff Davis. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

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

Moving together with Ziff Stock

0.64	DV	DoubleVerify Holdings	Pair Corr
0.77	KD	Kyndryl Holdings Tech Boost	Pair Corr
0.73	KE	Kimball Electronics	Pair Corr
0.87	ML	MoneyLion	Pair Corr
0.7	NN	Nextnav Acquisition Corp	Pair Corr
0.72	UI	Ubiquiti Networks	Pair Corr

Moving against Ziff Stock

0.7	TZUP	Thumzup Media Trending	Pair Corr
0.66	MOBQ	Mobiquity Technologies	Pair Corr
0.59	DIOD	Diodes Incorporated	Pair Corr
0.54	DM	Desktop Metal	Pair Corr
0.5	TGLO	theglobe	Pair Corr
0.46	SRAX	SRAX Inc	Pair Corr
0.38	SWAGW	STRAN PANY INC	Pair Corr
0.75	MX	MagnaChip Semiconductor	Pair Corr
0.66	MQ	Marqeta	Pair Corr
0.32	ON	ON Semiconductor	Pair Corr

Related Correlations Analysis

	IPG	CRTO	WPP	IAS	OMC	TSQ	CMPR	TZOO	CYPXF	EEX
IPG		0.68	-0.61	-0.04	0.04	0.31	0.6	-0.83	0.0	0.25	IPG
CRTO	0.68		-0.82	-0.16	-0.52	0.21	0.76	-0.68	0.0	0.61	CRTO
WPP	-0.61	-0.82		0.33	0.64	0.0	-0.73	0.72	0.0	-0.59	WPP
IAS	-0.04	-0.16	0.33		0.17	0.05	0.12	0.41	0.0	0.1	IAS
OMC	0.04	-0.52	0.64	0.17		0.23	-0.43	0.23	0.0	-0.63	OMC
TSQ	0.31	0.21	0.0	0.05	0.23		0.24	-0.24	0.0	-0.33	TSQ
CMPR	0.6	0.76	-0.73	0.12	-0.43	0.24		-0.54	0.0	0.61	CMPR
TZOO	-0.83	-0.68	0.72	0.41	0.23	-0.24	-0.54		0.0	-0.21	TZOO
CYPXF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	CYPXF
EEX	0.25	0.61	-0.59	0.1	-0.63	-0.33	0.61	-0.21	0.0		EEX
	IPG	CRTO	WPP	IAS	OMC	TSQ	CMPR	TZOO	CYPXF	EEX

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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

CMPR	+ 0.76	CRTO
TZOO	+ 0.72	WPP
CRTO	+ 0.68	IPG
OMC	+ 0.64	WPP
EEX	+ 0.61	CRTO
EEX	+ 0.61	CMPR

High negative correlations

TZOO	- 0.83	IPG
WPP	- 0.82	CRTO
CMPR	- 0.73	WPP
TZOO	- 0.68	CRTO
EEX	- 0.63	OMC
WPP	- 0.61	IPG

Risk-Adjusted Indicators

There is a big difference between Ziff Stock performing well and Ziff Davis 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 Ziff Davis' 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
IPG	0.99	(0.20)	0.00	(0.09)	0.00	0.00	2.05	(1.60)	9.73
CRTO	1.94	(0.32)	0.00	(0.45)	0.00	0.00	3.92	(4.38)	26.95
WPP	1.14	0.13	0.07	0.31	1.13	(1.25)	2.12	(1.96)	8.80
IAS	1.63	(0.11)	(0.04)	0.00	2.98	(1.75)	3.45	(2.41)	23.54
OMC	0.95	(0.02)	(0.02)	0.10	1.54	(0.99)	1.82	(1.24)	10.11
TSQ	1.32	(0.15)	0.00	(0.01)	0.00	0.00	3.24	(2.72)	9.63
CMPR	2.03	(0.33)	0.00	(0.08)	0.00	0.00	3.76	(4.08)	16.61
TZOO	2.76	0.76	0.24	1.17	2.40	(3.28)	12.85	(4.06)	20.89
CYPXF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EEX	3.01	(0.03)	0.00	0.09	5.15	(2.72)	4.73	(7.44)	36.80

Ziff Davis Corporate Management

Joey Fortuna	Chief Officer	Profile
MD MA	Chief Health	Profile
Alan Steier	Vice Finance	Profile
Sean Alford	Senior Development	Profile
Rebecca Wright	Senior Communications	Profile
Layth Taki	Chief Officer	Profile

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