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PeaZip Portable can run from a cloud folder, external drive, or local folder without installing into Windows. It's even better with the PortableApps.com Platform for easy installs and automatic updates.
PeaZip is free file archiver utility, based on Open Source technologies of 7-Zip, p7zip, FreeArc, PAQ, and PEA projects. Cross-platform, full-featured but user-friendly alternative to WinRar, WinZip and similar general purpose archive manager applications, open and extract 180+ archive formats: 001, 7Z, ACE(*), ARC, ARJ, BZ2, CAB, DMG, GZ, ISO, LHA, PAQ, PEA, RAR, TAR, UDF, WIM, XZ, ZIP ZIPX - view full list of supported archive file formats for archiving and for extraction. This software is released under Open Source LGPLv3 license, free for any use (private and professional).