LegalZoom Correlations

LZ Stock

USD 7.93 0.01 0.13%

The current 90-days correlation between LegalZoom and CRA International is 0.27 (i.e., Modest 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 weak diversification

The correlation between LegalZoom and DJI is 0.41 (i.e., Very weak 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.

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

0.72	VIRC	Virco Manufacturing Earnings Call This Week	Pair Corr
0.77	VRSK	Verisk Analytics	Pair Corr
0.75	ABM	ABM Industries Fiscal Year End 11th of December 2024	Pair Corr
0.62	HNI	HNI Corp	Pair Corr
0.92	HURN	Huron Consulting	Pair Corr
0.83	INOD	Innodata Buyout Trend	Pair Corr
0.89	CASS	Cass Information Systems Fiscal Year End 23rd of January 2025	Pair Corr
0.76	CRAI	CRA International	Pair Corr
0.86	CTAS	Cintas	Pair Corr
0.62	B	Barnes Group	Pair Corr
0.64	J	Jacobs Solutions	Pair Corr
0.84	R	Ryder System	Pair Corr
0.78	DIST	Distoken Acquisition	Pair Corr
0.79	AL	Air Lease	Pair Corr
0.86	AZ	A2Z Smart Technologies	Pair Corr
0.79	BV	BrightView Holdings	Pair Corr

Moving against LegalZoom Stock

0.75	FCN	FTI Consulting	Pair Corr
0.74	EFX	Equifax	Pair Corr
0.71	CVEO	Civeo Corp	Pair Corr
0.58	WHLM	Wilhelmina	Pair Corr
0.58	EXPO	Exponent	Pair Corr
0.51	FC	Franklin Covey	Pair Corr
0.49	MMS	Maximus	Pair Corr
0.42	PFMT	Performant Financial	Pair Corr
0.4	RGP	Resources Connection	Pair Corr
0.37	ICFI	ICF International	Pair Corr
0.75	MG	Mistras Group	Pair Corr
0.74	CP	Canadian Pacific Railway	Pair Corr
0.63	HY	Hyster Yale Materials	Pair Corr
0.55	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.48	FA	First Advantage Corp	Pair Corr
0.45	OP	Oceanpal	Pair Corr

Related Correlations Analysis

	CRAI	ICFI	FORR	HURN	FCN	EXPO	TRU	VRSK	FC
CRAI		-0.14	-0.66	0.63	-0.56	-0.33	0.44	0.51	-0.24	CRAI
ICFI	-0.14		-0.12	-0.47	0.48	0.55	0.49	-0.67	0.82	ICFI
FORR	-0.66	-0.12		-0.13	0.45	0.27	-0.44	-0.04	-0.02	FORR
HURN	0.63	-0.47	-0.13		-0.7	-0.55	-0.08	0.87	-0.5	HURN
FCN	-0.56	0.48	0.45	-0.7		0.89	0.28	-0.66	0.61	FCN
EXPO	-0.33	0.55	0.27	-0.55	0.89		0.55	-0.6	0.68	EXPO
TRU	0.44	0.49	-0.44	-0.08	0.28	0.55		-0.28	0.48	TRU
VRSK	0.51	-0.67	-0.04	0.87	-0.66	-0.6	-0.28		-0.7	VRSK
FC	-0.24	0.82	-0.02	-0.5	0.61	0.68	0.48	-0.7		FC
	CRAI	ICFI	FORR	HURN	FCN	EXPO	TRU	VRSK	FC

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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

EXPO	+ 0.89	FCN
VRSK	+ 0.87	HURN
FC	+ 0.82	ICFI
FC	+ 0.68	EXPO
HURN	+ 0.63	CRAI
FC	+ 0.61	FCN

High negative correlations

FC	- 0.7	VRSK
FCN	- 0.7	HURN
VRSK	- 0.67	ICFI
VRSK	- 0.66	FCN
FORR	- 0.66	CRAI
VRSK	- 0.6	EXPO

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
CRAI	1.53	0.08	0.06	0.18	2.04	(1.43)	2.86	(3.40)	12.45
ICFI	1.31	(0.36)	0.00	(0.24)	0.00	0.00	2.60	(2.09)	16.28
FORR	1.79	(0.32)	0.00	(0.09)	0.00	0.00	3.15	(3.77)	10.89
HURN	1.23	0.07	0.08	0.18	1.01	(1.58)	2.72	(1.60)	14.16
FCN	0.97	(0.24)	0.00	(0.19)	0.00	0.00	1.82	(2.06)	14.08
EXPO	1.33	(0.32)	0.00	(0.05)	0.00	0.00	2.26	(2.52)	11.88
TRU	1.25	(0.05)	(0.01)	0.08	1.75	(1.14)	2.73	(2.86)	8.10
VRSK	0.66	0.10	(0.01)	0.94	0.78	(0.73)	1.66	(1.35)	6.41
FC	1.49	(0.29)	0.00	(0.07)	0.00	0.00	2.45	(3.04)	22.53

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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