PRCT vs ZM: Correlation
Measured on weekly returns over the past three years, PROCEPT BioRobotics Corporation (PRCT) and Zoom Communications, Inc. (ZM) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PRCT and ZM?
Over the past 3 years, PRCT and ZM moved with a correlation of 0.43, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.55 versus 0.43 over 3 years. Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 850.2 %².
By 3-year correlation, ZM places #4 of the 11 assets tracked against PRCT. Correlation aside, the last 12 months split them widely, with ZM ahead by 73.4 points (-49.5% versus +23.9%). Risk is not evenly split, since PRCT carries 1.6 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
PRCT vs ZM: side by side
| PRCT (PROCEPT BioRobotics Corporation) | ZM (Zoom Communications, Inc.) | |
|---|---|---|
| 1-year return | -49.5% | +23.9% |
| 5-year return | -50.9% | -71.1% |
| Volatility (ann.) | 55.9% | 35.5% |
| Beta vs S&P 500 | 1.08 | 0.96 |
| Max drawdown (3Y) | -83.2% | -25.9% |
| Market cap | $1.2B | $29.3B |
| P/E (trailing) | – | 9.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PRCT | ZM |
|---|---|---|
| 2022 | +66.1% | -63.2% |
| 2023 | +0.9% | +6.2% |
| 2024 | +92.1% | +13.5% |
| 2025 | -60.9% | +5.7% |
| 2026 | -34.5% | +16.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PRCT and ZM good diversifiers for each other?
Reasonably. At 0.43, PRCT and ZM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PRCT and ZM?
The PRCT/ZM correlation stands at 0.43 on a 3-year window (1 year: 0.55, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is ZM a good diversifier for PRCT?
Reasonably. At 0.43, PRCT and ZM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/prct-vs-zm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/prct-vs-zm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PRCT correlations · ZM correlations
