Dada Nexus Correlations

Dada Nexus Correlation With Market

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dada Nexus. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. For information on how to trade Dada Stock refer to our How to Trade Dada Stock guide.

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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    PDD + 0.96 VIPS PDD + 0.93 JD BZUN + 0.93 PDD BZUN + 0.9 VIPS JD + 0.89 VIPS BZUN + 0.87 JD

High negative correlations    DIBS - 0.79 FTCH DIBS - 0.79 GLBE DIBS - 0.7 LQDT LQDT - 0.7 JMIA PRTS - 0.52 DIBS GLBE - 0.52 JMIA

Risk-Adjusted Indicators

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