Wayfair Correlations

W Stock

USD 78.73 0.32 0.40%

The current 90-days correlation between Wayfair and Sea is 0.07 (i.e., Significant diversification). The correlation of Wayfair 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Wayfair Correlation With Market

Poor diversification

The correlation between Wayfair and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wayfair and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Wayfair Stock

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wayfair. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

For more information on how to buy Wayfair Stock please use our How to Invest in Wayfair guide.

Moving together with Wayfair Stock

0.61	HD	Home Depot Earnings Call This Week	Pair Corr
0.9	LE	Lands End	Pair Corr
0.61	RH	RH	Pair Corr
0.8	DLTH	Duluth Holdings	Pair Corr
0.71	VIPS	Vipshop Holdings	Pair Corr
0.7	DXLG	Destination XL Group	Pair Corr
0.83	FIVE	Five Below	Pair Corr
0.74	FLWS	1 800 FLOWERSCOM	Pair Corr
0.71	AAP	Advance Auto Parts Earnings Call This Week	Pair Corr
0.91	ANF	Abercrombie Fitch	Pair Corr
0.8	ASO	Academy Sports Outdoors	Pair Corr
0.62	AZO	AutoZone	Pair Corr
0.69	BBW	Build A Bear Earnings Call This Week	Pair Corr
0.96	BKE	Buckle Inc Earnings Call This Week	Pair Corr
0.86	DDS	Dillards,	Pair Corr

Moving against Wayfair Stock

0.56	JD	JD Inc Adr	Pair Corr
0.51	WINA	Winmark	Pair Corr
0.37	WEYS	Weyco Group	Pair Corr
0.79	BGI	Birks Group	Pair Corr
0.67	AZI	Autozi Internet Tech	Pair Corr
0.56	FNKO	Funko Inc	Pair Corr
0.45	AKA	AKA Brands Holding	Pair Corr
0.4	EVGO	Evgo Inc	Pair Corr
0.72	GAP	Gap, Symbol Change	Pair Corr
0.72	GME	GameStop Corp Aggressive Push	Pair Corr

Related Correlations Analysis

	SE	MELI	CHWY	PDD	ETSY	RVLV	JMIA	GLBE	JD	BABA
SE		0.26	0.4	0.02	0.21	0.29	0.04	-0.28	0.18	0.34	SE
MELI	0.26		0.75	-0.19	-0.68	-0.15	-0.67	-0.04	0.4	-0.02	MELI
CHWY	0.4	0.75		-0.54	-0.28	0.13	-0.67	-0.2	0.31	-0.09	CHWY
PDD	0.02	-0.19	-0.54		-0.08	-0.2	0.38	0.33	0.31	0.66	PDD
ETSY	0.21	-0.68	-0.28	-0.08		0.55	0.63	-0.02	-0.34	0.0	ETSY
RVLV	0.29	-0.15	0.13	-0.2	0.55		0.11	0.08	0.05	-0.1	RVLV
JMIA	0.04	-0.67	-0.67	0.38	0.63	0.11		0.03	-0.4	0.12	JMIA
GLBE	-0.28	-0.04	-0.2	0.33	-0.02	0.08	0.03		0.56	0.44	GLBE
JD	0.18	0.4	0.31	0.31	-0.34	0.05	-0.4	0.56		0.64	JD
BABA	0.34	-0.02	-0.09	0.66	0.0	-0.1	0.12	0.44	0.64		BABA
	SE	MELI	CHWY	PDD	ETSY	RVLV	JMIA	GLBE	JD	BABA

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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

CHWY	+ 0.75	MELI
BABA	+ 0.66	PDD
BABA	+ 0.64	JD
JMIA	+ 0.63	ETSY
JD	+ 0.56	GLBE
RVLV	+ 0.55	ETSY

High negative correlations

ETSY	- 0.68	MELI
JMIA	- 0.67	CHWY
JMIA	- 0.67	MELI
PDD	- 0.54	CHWY
JD	- 0.4	JMIA
JD	- 0.34	ETSY

Risk-Adjusted Indicators

There is a big difference between Wayfair Stock performing well and Wayfair 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 Wayfair'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
SE	2.00	0.31	0.11	0.69	2.12	(2.39)	4.72	(3.38)	18.76
MELI	1.15	(0.14)	0.00	(0.37)	0.00	0.00	2.56	(3.77)	7.78
CHWY	1.67	(0.04)	(0.03)	0.00	2.62	(1.68)	3.71	(3.27)	15.87
PDD	1.45	(0.01)	(0.03)	(0.01)	2.84	(1.46)	3.00	(2.76)	16.73
ETSY	2.35	0.50	0.17	0.58	2.30	(2.45)	6.12	(3.99)	13.43
RVLV	2.09	0.02	0.04	0.09	2.05	(2.54)	5.10	(3.41)	10.97
JMIA	4.32	1.11	0.31	0.47	3.35	(5.19)	12.37	(5.95)	27.76
GLBE	2.06	(0.52)	0.00	(0.29)	0.00	0.00	3.22	(5.22)	21.33
JD	1.57	(0.22)	0.00	(0.58)	0.00	0.00	3.33	(3.26)	7.67
BABA	1.69	(0.13)	0.00	(0.24)	0.00	0.00	3.47	(3.22)	11.04

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