PDD Holdings Correlations

PDD Holdings Correlation With Market

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PDD Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. For information on how to trade PDD Stock refer to our How to Trade PDD Stock guide.

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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    VIPS + 0.97 BABA BZUN + 0.95 BABA JD + 0.92 BABA JD + 0.9 VIPS BZUN + 0.9 VIPS BZUN + 0.88 JD

High negative correlations    AMZN - 0.33 MELI FTCH - 0.29 MELI MELI - 0.28 SE GLBE - 0.19 MELI JD - 0.14 MELI VIPS - 0.06 MELI

Risk-Adjusted Indicators

There is a big difference between PDD Stock performing well and PDD Holdings 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 PDD Holdings' 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.