Kidpik Corp Correlations

Delisted . USA . 
Stock . Kidpik Corp
PIKDelisted Stock  USD 0.05  0.02  53.85%   
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Kidpik Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kidpik Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Kidpik Corp Correlation With Market

Modest diversification

The correlation between Kidpik Corp and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kidpik Corp and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Kidpik Stock

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Moving against Kidpik Stock

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  0.8CAT CaterpillarPairCorr
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  0.78PFE Pfizer IncPairCorr
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  0.71CVX Chevron CorpPairCorr
  0.7PTAIF PT Astra International Earnings Call This WeekPairCorr
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  0.37JNJ Johnson JohnsonPairCorr

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   
JFBR
+ 0.81
LQDT
JFBR
+ 0.72
QRTEB
QRTEA
+ 0.72
LQDT
NHTC
+ 0.7
QRTEB
JFBR
+ 0.64
QRTEA
YJ
+ 0.63
HOUR
  
High negative correlations   
YJ
- 0.75
QRTEB
OCG
- 0.73
LQDT
HOUR
- 0.71
QRTEB
YJ
- 0.63
NHTC
JFBR
- 0.51
HOUR
JFBR
- 0.48
YJ

Risk-Adjusted Indicators

There is a big difference between Kidpik Stock performing well and Kidpik Corp 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 Kidpik Corp'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
QRTEB  4.01 (0.47) 0.00  0.91  0.00 
 0.00 
 7.87 
(9.65)
 28.95 
NHTC  1.45 (0.11) 0.00 (0.07) 0.00 
 0.00 
 2.91 
(2.84)
 10.51 
LQDT  1.63 (0.31) 0.00 (0.66) 0.00 
 0.00 
 2.87 
(5.04)
 12.61 
SECO  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 0.00 
QRTEP  2.00 (0.31) 0.00 (1.07) 0.00 
 0.00 
 3.80 
(4.51)
 15.60 
QRTEA  3.33 (0.40) 0.00 (0.31) 0.00 
 0.00 
 8.11 
(7.14)
 22.65 
HOUR  3.62  0.90  0.13 (0.79) 3.46 
(4.44)
 10.74 
(5.38)
 23.67 
OCG  5.73  0.78  0.10  1.80  5.83 
(6.76)
 12.50 
(9.85)
 48.20 
YJ  3.91  0.39  0.00 (0.32) 5.47 
(4.28)
 7.38 
(8.62)
 32.70 
JFBR  8.16 (0.48) 0.00 (0.36) 0.00 
 0.00 
 15.23 
(21.31)
 121.97 

Kidpik Corp Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Kidpik Corp stock to make a market-neutral strategy. Peer analysis of Kidpik Corp could also be used in its relative valuation, which is a method of valuing Kidpik Corp by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Still Interested in Kidpik Corp?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.
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