Ermenegildo Zegna N.V. (ZGN) — Stock Correlations & Overview
Over the past year, ZGN has moved most closely with FXD, QVAL, PSCD. Explore the stocks most correlated and inversely correlated with ZGN below, along with its price, financials, and company profile.
Stocks correlated with ZGN
Correlation of daily returns. Higher positive values move with ZGN; negative values move opposite it. Informational only, not investment advice.
Most correlated with ZGN
| Symbol | Company | Correlation |
|---|---|---|
| FXD | First Trust Consumer Discretionary AlphaDEX Fund | 0.56 |
| QVAL | Alpha Architect U.S. Quantitative Value ETF | 0.55 |
| PSCD | Invesco S&P SmallCap Consumer Discretionary ETFINVESTMENT ADVICE | 0.55 |
| RSPD | Invesco S&P 500 Equal Weight Consumer Discretionary ETF | 0.55 |
| CCFE | Concourse Capital Focused Equity ETF | 0.54 |
Most inversely correlated with ZGN
| Symbol | Company | Correlation |
|---|---|---|
| JETD | MAX Airlines -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.51 |
| SDD | ProShares UltraShort SmallCap600 | -0.49 |
| SBB | ProShares Short SmallCap600 | -0.49 |
| SMDD | ProShares UltraPro Short MidCap400 | -0.48 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.48 |
Frequently asked questions about ZGN correlations
- Which stocks are most correlated with ZGN?
- Based on one year of daily returns, the stocks most correlated with Ermenegildo Zegna N.V. (ZGN) are FXD (0.56), QVAL (0.55) and PSCD (0.55). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with ZGN?
- Over the past year, the stocks most inversely correlated with Ermenegildo Zegna N.V. (ZGN) are JETD (-0.51), SDD (-0.49) and SBB (-0.49). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these ZGN correlations calculated?
- We compute the correlation of daily returns between ZGN and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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