Zoom Communications, Inc. Class A Common Stock (ZM) — Stock Correlations & Overview
Over the past year, ZM has moved most closely with CLOU, INVN, WCLD. Explore the stocks most correlated and inversely correlated with ZM below, along with its price, financials, and company profile.
Stocks correlated with ZM
Correlation of daily returns. Higher positive values move with ZM; negative values move opposite it. Informational only, not investment advice.
Most correlated with ZM
| Symbol | Company | Correlation |
|---|---|---|
| CLOU | Global X Cloud Computing ETF | 0.66 |
| INVN | Alger Russell Innovation ETF | 0.63 |
| WCLD | WisdomTree Cloud Computing Fund | 0.61 |
| XSW | State Street SPDR S&P Software & Services ETF | 0.59 |
| CLOD | Themes Cloud Computing ETF | 0.59 |
Most inversely correlated with ZM
| Symbol | Company | Correlation |
|---|---|---|
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.51 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.39 |
| PALD | Direxion Shares ETF Trust Direxion Daily PANW Bear 1X ETF | -0.35 |
| MSFD | Direxion Shares ETF Trust Direxion Daily MSFT Bear 1X ETF | -0.34 |
| AIBD | Direxion Daily AI and Big Data Bear 2X ETF | -0.33 |
Frequently asked questions about ZM correlations
- Which stocks are most correlated with ZM?
- Based on one year of daily returns, the stocks most correlated with Zoom Communications, Inc. Class A Common Stock (ZM) are CLOU (0.66), INVN (0.63) and WCLD (0.61). 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 ZM?
- Over the past year, the stocks most inversely correlated with Zoom Communications, Inc. Class A Common Stock (ZM) are WEBS (-0.51), HDGE (-0.39) and PALD (-0.35). 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 ZM correlations calculated?
- We compute the correlation of daily returns between ZM 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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