Newegg Commerce Correlations
NEGG Stock | USD 0.63 0.01 1.61% |
The current 90-days correlation between Newegg Commerce and Jumia Technologies AG is 0.22 (i.e., Modest diversification). The correlation of Newegg Commerce 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.
Newegg Commerce Correlation With Market
Very weak diversification
The correlation between Newegg Commerce and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Newegg Commerce and DJI in the same portfolio, assuming nothing else is changed.
Newegg |
Moving together with Newegg Stock
0.64 | AN | AutoNation | PairCorr |
0.85 | FL | Foot Locker | PairCorr |
0.73 | ETSY | Etsy Inc | PairCorr |
0.71 | AAP | Advance Auto Parts | PairCorr |
0.71 | BGI | Birks Group | PairCorr |
0.76 | CAL | Continental | PairCorr |
Moving against Newegg Stock
0.84 | LB | LandBridge Company | PairCorr |
0.76 | JD | JD Inc Adr | PairCorr |
0.69 | HD | Home Depot | PairCorr |
0.68 | VSCO | Victorias Secret | PairCorr |
0.67 | BQ | Boqii Holding Limited | PairCorr |
0.58 | RH | RH | PairCorr |
0.53 | EBAY | eBay Inc | PairCorr |
0.51 | DLTH | Duluth Holdings | PairCorr |
0.5 | JL | J Long Group | PairCorr |
0.48 | VIPS | Vipshop Holdings | PairCorr |
0.46 | LE | Lands End | PairCorr |
0.32 | WEYS | Weyco Group | PairCorr |
0.86 | EVGO | Evgo Inc Downward Rally | PairCorr |
0.82 | BBW | Build A Bear | PairCorr |
0.77 | WRBY | Warby Parker | PairCorr |
0.63 | WOOF | Pet Acquisition LLC | PairCorr |
0.62 | FNKO | Funko Inc | PairCorr |
0.51 | FIVE | Five Below | PairCorr |
0.37 | BBY | Best Buy | PairCorr |
0.36 | WINA | Winmark | PairCorr |
0.32 | BKE | Buckle Inc | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Newegg Stock performing well and Newegg Commerce 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 Newegg Commerce'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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
JFBR | 6.92 | 0.81 | 0.11 | 0.66 | 6.37 | 21.43 | 53.36 | |||
JMIA | 3.80 | (0.90) | 0.00 | (1.23) | 0.00 | 7.14 | 53.82 | |||
WISH | 2.03 | 0.09 | 0.00 | (0.65) | 2.09 | 3.24 | 18.88 | |||
OSTK | 3.47 | 0.73 | 0.22 | 0.58 | 3.06 | 11.40 | 30.48 | |||
PIK | 4.13 | (0.14) | 0.00 | (0.06) | 0.00 | 9.38 | 32.65 | |||
QRTEB | 3.60 | (0.21) | 0.00 | (0.01) | 0.00 | 10.24 | 27.73 | |||
NHTC | 1.37 | (0.26) | 0.00 | (2.71) | 0.00 | 2.88 | 12.49 | |||
LQDT | 1.41 | (0.06) | (0.02) | 0.03 | 1.80 | 3.99 | 9.06 | |||
SECO | 5.16 | 0.09 | 0.04 | 0.10 | 5.49 | 14.29 | 45.51 | |||
W | 3.01 | (0.33) | 0.00 | (0.04) | 0.00 | 7.05 | 19.53 |
Newegg Commerce Corporate Management
Fred Chang | CoFounder Chairman | Profile | |
Yong Hou | Chief Officer | Profile | |
Michael Chen | Chief Officer | Profile | |
YuehPai Chang | Chief Officer | Profile | |
Anthony Chow | Chief Officer | Profile | |
Christina Ching | Interim Officer | Profile | |
Jamie Spannos | Chief Officer | Profile |