ThredUp Correlations

ThredUp Correlation With Market

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ThredUp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. To learn how to invest in ThredUp Stock, please use our How to Invest in ThredUp guide.

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    RENT + 0.83 AKA DADA + 0.81 DIBS CRCT + 0.69 DIBS CRCT + 0.63 AKA CRCT + 0.63 DADA REAL + 0.59 LQDT

High negative correlations    CRCT - 0.85 LQDT LQDT - 0.79 AKA DIBS - 0.57 LQDT RENT - 0.56 LQDT DADA - 0.56 LQDT RVLV - 0.46 LQDT

Risk-Adjusted Indicators

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