Zendesk Correlations

ZEN
 Stock
  

USD 76.51  0.21  0.28%   

The correlation of Zendesk is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Zendesk moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Zendesk moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Check out Your Current Watchlist.
  
The ability to find closely correlated positions to Zendesk could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zendesk when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Zendesk - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Zendesk to buy it.

Moving together with Zendesk

0.66HLTHilton IncPairCorr
0.62VLDRVelodyne LidarPairCorr

Related Correlations

Please specify at least 3 valid symbols having historical data to build a meaningful correlation cloud. You can use symbol search above to locate your securities.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Zendesk without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Price Transformation Now

   

Price Transformation

Use Price Transformation models to analyze depth of different equity instruments across global markets
All  Next Launch Module

Zendesk Corporate Directors

Zendesk corporate directors refer to members of a Zendesk board of directors. The board of directors generally takes responsibility for the Zendesk's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Zendesk's board members must vote for the resolution. The Zendesk board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Steve Johnson - Independent DirectorProfile
Michael Frandsen - Independent DirectorProfile
Carl Bass - Lead Independent DirectorProfile
Brandon Gayle - Independent DirectorProfile

Invested in Zendesk?

You need to understand the risk of investing before taking a position in Zendesk. The danger of trading Zendesk is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Zendesk is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Zendesk. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Zendesk is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Your Current Watchlist. Note that the Zendesk information on this page should be used as a complementary analysis to other Zendesk's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..

Complementary Tools for Zendesk Stock analysis

When running Zendesk price analysis, check to measure Zendesk's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Zendesk is operating at the current time. Most of Zendesk's value examination focuses on studying past and present price action to predict the probability of Zendesk's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Zendesk's price. Additionally, you may evaluate how the addition of Zendesk to your portfolios can decrease your overall portfolio volatility.
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Go
Equity Valuation
Check real value of public entities based on technical and fundamental data
Go
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
Go
Fundamentals Comparison
Compare fundamentals across multiple equities to find investing opportunities
Go
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
Go
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
Go
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Go
Fund Screener
Find actively-traded funds from around the world traded on over 30 global exchanges
Go
Is Zendesk's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Zendesk. If investors know Zendesk will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Zendesk listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
9.4 B
Quarterly Revenue Growth YOY
0.28
Return On Assets
-0.0541
Return On Equity
-0.7
The market value of Zendesk is measured differently than its book value, which is the value of Zendesk that is recorded on the company's balance sheet. Investors also form their own opinion of Zendesk's value that differs from its market value or its book value, called intrinsic value, which is Zendesk's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Zendesk's market value can be influenced by many factors that don't directly affect Zendesk's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Zendesk's value and its price as these two are different measures arrived at by different means. Investors typically determine Zendesk value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zendesk's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.