ATRenew Correlations
| RERE Stock | USD 3.03 0.13 4.48% |
The current 90-days correlation between ATRenew Inc DRC and QRTEB Old is 0.23 (i.e., Modest diversification). The correlation of ATRenew 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.
ATRenew Correlation With Market
Weak diversification
The correlation between ATRenew Inc DRC and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ATRenew Inc DRC and DJI in the same portfolio, assuming nothing else is changed.
Moving together with ATRenew Stock
| 0.77 | LE | Lands End | PairCorr |
| 0.79 | DXLG | Destination XL Group | PairCorr |
| 0.84 | ASO | Academy Sports Outdoors | PairCorr |
| 0.78 | FNKO | Funko Inc | PairCorr |
| 0.73 | BBY | Best Buy | PairCorr |
| 0.62 | BGI | Birks Group | PairCorr |
| 0.61 | GCO | Genesco Buyout Trend | PairCorr |
| 0.64 | ZUMZ | Zumiez Inc | PairCorr |
| 0.76 | PETS | PetMed Express Downward Rally | PairCorr |
| 0.84 | SCVL | Shoe Carnival | PairCorr |
| 0.69 | ARHS | Arhaus Inc | PairCorr |
Moving against ATRenew Stock
| 0.35 | GME | GameStop Corp Aggressive Push | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 ATRenew Stock performing well and ATRenew 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 ATRenew'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| QRTEB | 4.01 | (0.61) | 0.00 | (2.56) | 0.00 | 7.87 | 28.95 | |||
| HOUR | 4.66 | (0.31) | 0.00 | (0.29) | 0.00 | 10.74 | 44.81 | |||
| DTC | 6.90 | (3.71) | 0.00 | (8.42) | 0.00 | 7.78 | 71.41 | |||
| DIBS | 2.39 | (0.16) | 0.00 | (0.26) | 0.00 | 5.36 | 13.75 | |||
| BZUN | 3.08 | (0.41) | 0.00 | (0.36) | 0.00 | 7.14 | 19.43 | |||
| PIK | 12.35 | (3.41) | 0.00 | (41.20) | 0.00 | 27.75 | 120.55 | |||
| LITB | 5.55 | 0.28 | 0.04 | (1.42) | 5.50 | 11.93 | 56.10 | |||
| NHTC | 1.65 | (0.13) | 0.00 | (0.31) | 0.00 | 2.91 | 15.52 | |||
| LQDT | 1.86 | (0.34) | 0.00 | (0.53) | 0.00 | 3.58 | 17.63 |
ATRenew Corporate Management
| Chen Chen | Compliance CFO | Profile | |
| Jeremy Ji | Director Relations | Profile | |
| Xuefeng Kerry | Chairman Cofounder | Profile | |
| Wang Yongliang | Pres Director | Profile |