Baozun Correlations

BZUN Stock

USD 3.50 0.02 0.57%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Baozun moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Baozun Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Baozun Correlation With Market

Modest diversification

The correlation between Baozun Inc and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baozun Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Baozun 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 employment.

Moving together with Baozun Stock

0.63	JD	JD Inc Adr Sell-off Trend	Pair Corr
0.67	EBAY	eBay Inc	Pair Corr

Moving against Baozun Stock

0.63	LE	Lands End Earnings Call This Week	Pair Corr
0.5	FL	Foot Locker Sell-off Trend	Pair Corr
0.5	VSCO	Victorias Secret	Pair Corr
0.49	EVGO	Evgo Inc	Pair Corr
0.48	EDUC	Educational Development	Pair Corr
0.41	WINA	Winmark	Pair Corr
0.4	DLTH	Duluth Holdings	Pair Corr
0.39	DXLG	Destination XL Group	Pair Corr
0.38	RH	RH Earnings Call This Week	Pair Corr
0.63	CAL	Continental	Pair Corr
0.61	WOOF	Pet Acquisition LLC	Pair Corr
0.57	ANF	Abercrombie Fitch	Pair Corr
0.57	BGI	Birks Group	Pair Corr
0.56	BKE	Buckle Inc	Pair Corr
0.55	AZI	Autozi Internet Tech	Pair Corr
0.52	AEO	American Eagle Outfitters	Pair Corr
0.49	FIVE	Five Below	Pair Corr
0.46	BBW	Build A Bear	Pair Corr
0.43	ASO	Academy Sports Outdoors	Pair Corr
0.42	DBI	Designer Brands	Pair Corr
0.33	AKA	AKA Brands Holding	Pair Corr

Related Correlations Analysis

	PDD	JD	GLBE	FTCH	VIPS	DTC	LQDT	BABA	SE	MELI
PDD		0.87	-0.41	0.0	0.82	-0.69	0.06	0.9	0.9	0.9	PDD
JD	0.87		-0.43	0.0	0.89	-0.69	-0.05	0.81	0.83	0.79	JD
GLBE	-0.41	-0.43		0.0	-0.64	0.78	0.52	-0.71	-0.38	-0.41	GLBE
FTCH	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	FTCH
VIPS	0.82	0.89	-0.64	0.0		-0.85	-0.25	0.89	0.81	0.72	VIPS
DTC	-0.69	-0.69	0.78	0.0	-0.85		0.35	-0.83	-0.61	-0.59	DTC
LQDT	0.06	-0.05	0.52	0.0	-0.25	0.35		-0.18	0.06	0.05	LQDT
BABA	0.9	0.81	-0.71	0.0	0.89	-0.83	-0.18		0.86	0.88	BABA
SE	0.9	0.83	-0.38	0.0	0.81	-0.61	0.06	0.86		0.86	SE
MELI	0.9	0.79	-0.41	0.0	0.72	-0.59	0.05	0.88	0.86		MELI
	PDD	JD	GLBE	FTCH	VIPS	DTC	LQDT	BABA	SE	MELI

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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

BABA	+ 0.9	PDD
SE	+ 0.9	PDD
MELI	+ 0.9	PDD
VIPS	+ 0.89	JD
BABA	+ 0.89	VIPS
MELI	+ 0.88	BABA

High negative correlations

DTC	- 0.85	VIPS
BABA	- 0.83	DTC
BABA	- 0.71	GLBE
DTC	- 0.69	JD
DTC	- 0.69	PDD
VIPS	- 0.64	GLBE

Risk-Adjusted Indicators

There is a big difference between Baozun Stock performing well and Baozun 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 Baozun'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
PDD	2.21	0.38	0.15	0.60	2.61	(2.60)	5.57	(4.20)	17.18
JD	2.51	0.31	0.11	0.28	2.74	(2.75)	5.22	(3.96)	17.44
GLBE	2.08	(0.42)	0.00	(0.43)	0.00	0.00	3.66	(3.94)	21.69
FTCH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VIPS	2.16	0.39	0.18	0.41	2.01	(2.61)	5.76	(3.39)	11.07
DTC	3.73	(1.82)	0.00	(1.27)	0.00	0.00	5.49	(8.45)	71.41
LQDT	2.49	0.47	0.13	0.22	2.91	(2.61)	4.16	(5.65)	37.82
BABA	2.40	0.80	0.28	1.37	2.37	(2.76)	6.71	(3.78)	18.33
SE	2.12	0.30	0.11	0.18	2.49	(2.20)	4.12	(4.15)	16.75
MELI	1.76	0.15	0.11	0.26	1.92	(2.13)	3.92	(3.20)	10.31

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