Zscaler Correlations

ZS Stock

USD 169.39 16.40 8.83%

The current 90-days correlation between Zscaler and Block Inc is 0.28 (i.e., Modest diversification). The correlation of Zscaler 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.

Zscaler Correlation With Market

Pay attention - limited upside

The correlation between Zscaler and DJI is -0.76 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zscaler and DJI in the same portfolio, assuming nothing else is changed.

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

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

Moving together with Zscaler Stock

0.88	S	SentinelOne Downward Rally	Pair Corr
0.81	NOW	ServiceNow	Pair Corr
0.95	GTLB	Gitlab Inc	Pair Corr
0.91	INLX	Intellinetics	Pair Corr
0.78	MSFT	Microsoft	Pair Corr
0.65	BKYI	BIO Key International	Pair Corr
0.74	JD	JD Inc Adr	Pair Corr
0.82	HNHPF	Hon Hai Precision	Pair Corr
0.74	BROGF	BROGF	Pair Corr

Moving against Zscaler Stock

0.94	SAR	Saratoga Investment Corp	Pair Corr
0.93	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.76	VLKAF	Volkswagen AG	Pair Corr
0.73	ACN	Accenture plc	Pair Corr
0.66	TDC	Teradata Corp Earnings Call This Week	Pair Corr
0.95	BNKHF	BOC Hong Kong	Pair Corr
0.9	OBYCF	Obayashi Earnings Call This Week	Pair Corr
0.89	FIBK	First Interstate Ban	Pair Corr
0.85	VLKPF	Volkswagen AG VZO	Pair Corr
0.85	ENS	Enersys Earnings Call This Week	Pair Corr
0.78	VWAGY	Volkswagen AG 110	Pair Corr
0.69	JUPGF	Jupiter Gold	Pair Corr
0.67	SHPHF	Sihuan Pharmaceutical	Pair Corr
0.66	YLLXF	Yellow Cake plc	Pair Corr
0.65	NFG	National Fuel Gas	Pair Corr
0.65	FCAP	First Capital Normal Trading	Pair Corr
0.64	SECVY	Seche Environnement	Pair Corr
0.54	RILYL	B Riley Financial	Pair Corr
0.54	GGLDF	Getchell Gold Corp	Pair Corr
0.43	IVVD	Invivyd	Pair Corr

Related Correlations Analysis

	XYZ	NXPI	TEAM	DDOG	EA	CRWV	FTNT	WDC	MPWR	UI
XYZ		0.12	0.44	0.03	-0.02	0.52	0.18	-0.2	0.01	0.71	XYZ
NXPI	0.12		-0.24	-0.75	0.71	0.09	-0.25	0.65	0.44	-0.19	NXPI
TEAM	0.44	-0.24		0.49	-0.01	-0.06	0.5	-0.79	-0.61	0.38	TEAM
DDOG	0.03	-0.75	0.49		-0.57	0.08	0.47	-0.66	-0.4	0.28	DDOG
EA	-0.02	0.71	-0.01	-0.57		-0.29	-0.36	0.34	-0.02	-0.47	EA
CRWV	0.52	0.09	-0.06	0.08	-0.29		0.4	0.18	0.57	0.76	CRWV
FTNT	0.18	-0.25	0.5	0.47	-0.36	0.4		-0.34	0.1	0.55	FTNT
WDC	-0.2	0.65	-0.79	-0.66	0.34	0.18	-0.34		0.77	-0.3	WDC
MPWR	0.01	0.44	-0.61	-0.4	-0.02	0.57	0.1	0.77		0.18	MPWR
UI	0.71	-0.19	0.38	0.28	-0.47	0.76	0.55	-0.3	0.18		UI
	XYZ	NXPI	TEAM	DDOG	EA	CRWV	FTNT	WDC	MPWR	UI

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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

MPWR	+ 0.77	WDC
UI	+ 0.76	CRWV
UI	+ 0.71	XYZ
EA	+ 0.71	NXPI
WDC	+ 0.65	NXPI
MPWR	+ 0.57	CRWV

High negative correlations

WDC	- 0.79	TEAM
DDOG	- 0.75	NXPI
WDC	- 0.66	DDOG
MPWR	- 0.61	TEAM
EA	- 0.57	DDOG
UI	- 0.47	EA

Risk-Adjusted Indicators

There is a big difference between Zscaler Stock performing well and Zscaler 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 Zscaler'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
XYZ	2.05	(0.45)	0.00	(0.21)	0.00	0.00	2.79	(5.28)	14.15
NXPI	1.78	0.07	0.06	0.10	1.79	(2.07)	4.62	(3.09)	14.37
TEAM	2.31	(0.64)	0.00	(0.78)	0.00	0.00	3.93	(7.11)	16.12
DDOG	2.30	(0.41)	0.00	(1.20)	0.00	0.00	5.00	(7.28)	32.62
EA	0.19	(0.03)	0.00	(0.89)	0.00	0.00	0.31	(0.28)	1.60
CRWV	4.43	(0.60)	0.00	(0.42)	0.00	0.00	10.73	(8.37)	29.01
FTNT	1.40	(0.09)	0.00	(0.07)	0.00	0.00	2.47	(2.63)	8.99
WDC	3.86	0.99	0.23	0.44	3.67	(4.17)	8.75	(7.18)	26.89
MPWR	1.94	0.14	0.02	(0.45)	2.80	(1.72)	4.37	(4.59)	11.04
UI	2.08	(0.52)	0.00	(0.54)	0.00	0.00	3.19	(4.03)	21.80

Zscaler Corporate Management

Sushil Menon	Principal Manager	Profile
Chris Kozup	Chief Officer	Profile
Brendan Castle	Chief Officer	Profile
Kailash	Founder Architect	Profile
Larry Biagini	Chief Evangelist	Profile
Praniti Lakhwara	Chief Officer	Profile

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