Trade Desk Correlations

TTD Stock

USD 118.15 7.73 6.14%

The current 90-days correlation between Trade Desk and Waste Management is 0.27 (i.e., Modest diversification). The correlation of Trade Desk 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.

Trade Desk Correlation With Market

Weak diversification

The correlation between Trade Desk 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 Trade Desk and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Trade Desk. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For information on how to trade Trade Stock refer to our How to Trade Trade Stock guide.

Moving together with Trade Stock

0.71	DJCO	Daily Journal Corp	Pair Corr
0.8	AI	C3 Ai Inc	Pair Corr
0.9	AZ	A2Z Smart Technologies	Pair Corr
0.94	BL	Blackline	Pair Corr
0.85	DT	Dynatrace Holdings LLC	Pair Corr
0.7	KC	Kingsoft Cloud Holdings Earnings Call This Week	Pair Corr
0.63	ML	MoneyLion	Pair Corr
0.71	QH	Quhuo	Pair Corr
0.77	WK	Workiva	Pair Corr
0.77	ZI	ZoomInfo Technologies	Pair Corr
0.81	ZM	Zoom Video Communications	Pair Corr
0.95	DOCU	DocuSign	Pair Corr
0.91	VERX	Vertex	Pair Corr
0.92	DSGX	Descartes Systems	Pair Corr
0.92	DUOL	Duolingo	Pair Corr
0.94	DUOT	Duos Technologies	Pair Corr
0.82	EGHT	8x8 Common Stock	Pair Corr
0.85	DIDIY	Didi Global ADR	Pair Corr
0.78	ENFN	Enfusion	Pair Corr

Moving against Trade Stock

0.65	DMAN	Innovativ Media Group	Pair Corr
0.44	VCSA	Vacasa Inc	Pair Corr
0.87	ELCO	Elcom International	Pair Corr
0.64	VERB	VERB TECHNOLOGY PANY	Pair Corr
0.61	XELAP	Exela Technologies	Pair Corr
0.48	EGAN	eGain	Pair Corr
0.46	WBTN	WEBTOON Entertainment	Pair Corr
0.44	VTEX	VTEX	Pair Corr

Related Correlations Analysis

	LRFC	WM	PFLT	SAMG	LPCN	BK	CAAP	SEIC
LRFC		0.53	0.5	0.86	0.88	0.88	0.93	0.75	LRFC
WM	0.53		0.0	0.69	0.49	0.71	0.57	0.87	WM
PFLT	0.5	0.0		0.51	0.5	0.52	0.47	0.13	PFLT
SAMG	0.86	0.69	0.51		0.74	0.92	0.86	0.83	SAMG
LPCN	0.88	0.49	0.5	0.74		0.9	0.88	0.74	LPCN
BK	0.88	0.71	0.52	0.92	0.9		0.89	0.87	BK
CAAP	0.93	0.57	0.47	0.86	0.88	0.89		0.79	CAAP
SEIC	0.75	0.87	0.13	0.83	0.74	0.87	0.79		SEIC
	LRFC	WM	PFLT	SAMG	LPCN	BK	CAAP	SEIC

Click cells to compare fundamentals

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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

CAAP	+ 0.93	LRFC
BK	+ 0.92	SAMG
BK	+ 0.9	LPCN
CAAP	+ 0.89	BK
LPCN	+ 0.88	LRFC
BK	+ 0.88	LRFC

High negative correlations

PFLT

- 0.0

Risk-Adjusted Indicators

There is a big difference between Trade Stock performing well and Trade Desk 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 Trade Desk'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
LRFC	0.95	0.28	0.19	(3.95)	0.56	(1.27)	2.66	(1.51)	12.79
WM	0.76	0.03	(0.02)	0.17	0.92	(0.79)	1.67	(1.75)	7.17
PFLT	0.62	0.00	(0.07)	0.10	1.04	(0.56)	1.09	(1.17)	5.12
SAMG	1.35	0.16	0.08	0.28	1.66	(1.39)	2.94	(2.49)	9.59
LPCN	3.25	0.52	0.10	11.10	3.79	(3.57)	7.08	(6.14)	27.84
BK	0.79	0.21	0.23	0.36	0.47	(0.96)	2.10	(1.05)	4.87
CAAP	1.71	0.19	0.08	0.35	1.70	(1.97)	4.29	(2.95)	10.04
SEIC	0.81	0.20	0.20	0.33	0.56	(0.97)	1.57	(1.56)	7.23

Trade Desk Corporate Management

Samantha Jacobson	Chief VP	Profile
Ian Colley	Executive Officer	Profile
Naseem Tuffaha	Chief Officer	Profile
Robyn Perry	Senior Operations	Profile
Laura Schenkein	Chief Officer	Profile
Brian Stempeck	Chief Client Officer	Profile

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