Etsy Correlations

Stocks . Germany . 
Stock . Etsy Inc
3E2 Stock  EUR 52.01  0.33  0.63%   
The correlation of Etsy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Etsy Correlation With Market

Average diversification

The correlation between Etsy Inc and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Etsy Inc and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Etsy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Etsy 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 Etsy - 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 Etsy Inc to buy it.

Moving together with Etsy Stock

  0.85EBA eBay IncPairCorr
  0.81MSF MicrosoftPairCorr
  0.83MSF MicrosoftPairCorr
  0.8MSF MicrosoftPairCorr
  0.72MSF MicrosoftPairCorr

Moving against Etsy Stock

  0.8APC Apple IncPairCorr
  0.79TJX TJX CompaniesPairCorr
  0.78APC Apple IncPairCorr
  0.77APC Apple IncPairCorr
  0.76APC Apple IncPairCorr
  0.76EJR East Japan RailwayPairCorr
  0.75APC Apple IncPairCorr
  0.74APC Apple IncPairCorr
  0.476F1 Five BelowPairCorr
  0.44FNL Fresnillo plcPairCorr
  0.9CIS Cisco SystemsPairCorr
  0.81FDO Macys IncPairCorr
  0.78KB9 KBC Ancora SCAPairCorr
  0.775VB Vaccibody ASPairCorr
  0.77STD STANDARD CHARTEREDPairCorr
  0.762CJ KYUSHU EL PWRPairCorr
  0.76IC1H InterContinental HotelsPairCorr
  0.69FCQ FTI CONSULTINGPairCorr
  0.64OIX ORIXPairCorr
  0.62FLI Flight Centre TravelPairCorr
  0.61ZYE1 Addiko Bank AGPairCorr
  0.6GOS Goldman Sachs Earnings Call This WeekPairCorr
  0.55KGHA KGHM Polska MiedzPairCorr
  0.539EA Ganfeng LithiumPairCorr
  0.5DBPD Xtrackers ShortDAXPairCorr

Related Correlations Analysis

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 Etsy without increasing your portfolio risk or giving up the 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.

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Etsy Corporate Management

Elected by the shareholders, the Etsy's board of directors comprises two types of representatives: Etsy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Etsy. The board's role is to monitor Etsy's management team and ensure that shareholders' interests are well served. Etsy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Etsy's outside directors are responsible for providing unbiased perspectives on the board's policies.
Raina MoskowitzChief OfficerProfile
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