LightInTheBox Holding Correlations

Stocks . USA . 
Stock . LightInTheBox Holding Co
LITB Stock  USD 1.31  0.05  3.68%   
The current 90-days correlation between LightInTheBox Holding and Hour Loop is -0.07 (i.e., Good diversification). The correlation of LightInTheBox Holding 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.

LightInTheBox Holding Correlation With Market

Good diversification

The correlation between LightInTheBox Holding Co and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LightInTheBox Holding Co and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with LightInTheBox Stock
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in LightInTheBox Holding Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving against LightInTheBox Stock

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Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
CMCM
+ 0.85
HOUR
DIBS
+ 0.66
YJ
YJ
+ 0.63
HOUR
CMCM
+ 0.6
YJ
CMCM
+ 0.52
FENG
CMCM
+ 0.45
DIBS
  
High negative correlations   
TOUR
- 0.59
YJ
CMCM
- 0.46
TOUR
TOUR
- 0.45
HOUR
TOUR
- 0.41
HEPS
FENG
- 0.35
HEPS
TOUR
- 0.32
DIBS

Risk-Adjusted Indicators

There is a big difference between LightInTheBox Stock performing well and LightInTheBox Holding Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze LightInTheBox Holding's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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