Yelp Correlations

YELP Stock

USD 39.54 1.39 3.40%

The current 90-days correlation between Yelp Inc and Alphabet Inc Class C is -0.04 (i.e., Good diversification). The correlation of Yelp 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.

Yelp Correlation With Market

Poor diversification

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

Build AI portfolio with Yelp Stock

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

Moving together with Yelp Stock

0.69	MAX	MediaAlpha	Pair Corr
0.63	TEM	Tempus AI, Class	Pair Corr
0.7	MATH	Metalpha Technology	Pair Corr
0.68	NRDS	Nerdwallet	Pair Corr

Moving against Yelp Stock

0.35

SOGP

Lizhi Inc

Pair Corr

Related Correlations Analysis

	GOOG	TWLO	SNAP	BIDU	PINS	TCEHY
GOOG		0.86	0.88	0.45	0.85	0.08	GOOG
TWLO	0.86		0.88	0.41	0.89	0.02	TWLO
SNAP	0.88	0.88		0.42	0.95	0.1	SNAP
BIDU	0.45	0.41	0.42		0.45	0.65	BIDU
PINS	0.85	0.89	0.95	0.45		0.21	PINS
TCEHY	0.08	0.02	0.1	0.65	0.21		TCEHY
	GOOG	TWLO	SNAP	BIDU	PINS	TCEHY

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Risk-Adjusted Indicators

There is a big difference between Yelp Stock performing well and Yelp 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 Yelp'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
GOOG	1.86	(0.17)	0.00	1.38	0.00	0.00	2.70	(3.92)	17.38
TWLO	2.96	(0.28)	0.00	5.35	0.00	0.00	4.29	(7.08)	19.88
SNAP	3.24	(0.10)	0.00	(0.12)	0.00	0.00	4.85	(6.58)	34.42
BIDU	2.36	0.01	0.03	(0.15)	3.33	(2.19)	5.08	(4.97)	17.21
PINS	2.74	(0.10)	0.00	(0.13)	0.00	0.00	5.41	(6.46)	20.81
TCEHY	2.12	0.34	0.13	1.38	2.71	(2.25)	6.15	(3.70)	20.10

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