Peloton Interactive Correlations

Peloton Interactive Correlation With Market

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Peloton Interactive. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. To learn how to invest in Peloton Stock, please use our How to Invest in Peloton Interactive 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    DKNG + 0.85 TDOC DKNG + 0.83 PINS DOCU + 0.77 ZM TDOC + 0.64 PINS PINS + 0.27 ZM

High negative correlations    DKNG - 0.4 DOCU TDOC - 0.3 DOCU TDOC - 0.12 ZM PINS - 0.11 DOCU DKNG - 0.11 ZM

Risk-Adjusted Indicators

There is a big difference between Peloton Stock performing well and Peloton Interactive 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 Peloton Interactive'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.