1StdibsCom Correlations

DIBS Stock

USD 2.94 0.08 2.65%

The current 90-days correlation between 1StdibsCom and Hour Loop is 0.11 (i.e., Average diversification). The correlation of 1StdibsCom 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.

1StdibsCom Correlation With Market

Modest diversification

The correlation between 1StdibsCom and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 1StdibsCom and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in 1StdibsCom. 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 labor statistics.

For more information on how to buy 1StdibsCom Stock please use our How to Invest in 1StdibsCom guide.

Moving together with 1StdibsCom Stock

0.82	AN	AutoNation	Pair Corr
0.63	HD	Home Depot	Pair Corr
0.68	WEYS	Weyco Group	Pair Corr
0.66	WRBY	Warby Parker Buyout Trend	Pair Corr
0.64	FLWS	1 800 FLOWERSCOM	Pair Corr
0.81	ABG	Asbury Automotive	Pair Corr
0.74	FNKO	Funko Inc	Pair Corr
0.78	BBY	Best Buy	Pair Corr

Related Correlations Analysis

	HOUR	LQDT	QRTEB	EMCMF	OZON	DTC	PIK	NHTC	SECO	QRTEP
HOUR		0.2	0.31	0.03	0.0	0.3	0.16	-0.11	0.0	-0.31	HOUR
LQDT	0.2		0.06	0.57	0.0	0.35	-0.23	0.0	0.0	-0.36	LQDT
QRTEB	0.31	0.06		0.01	0.0	0.78	0.81	-0.7	0.0	-0.17	QRTEB
EMCMF	0.03	0.57	0.01		0.0	0.06	-0.39	0.21	0.0	-0.22	EMCMF
OZON	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	OZON
DTC	0.3	0.35	0.78	0.06	0.0		0.63	-0.63	0.0	0.02	DTC
PIK	0.16	-0.23	0.81	-0.39	0.0	0.63		-0.86	0.0	-0.07	PIK
NHTC	-0.11	0.0	-0.7	0.21	0.0	-0.63	-0.86		0.0	0.02	NHTC
SECO	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	SECO
QRTEP	-0.31	-0.36	-0.17	-0.22	0.0	0.02	-0.07	0.02	0.0		QRTEP
	HOUR	LQDT	QRTEB	EMCMF	OZON	DTC	PIK	NHTC	SECO	QRTEP

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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

PIK	+ 0.81	QRTEB
DTC	+ 0.78	QRTEB
PIK	+ 0.63	DTC
EMCMF	+ 0.57	LQDT
DTC	+ 0.35	LQDT
QRTEB	+ 0.31	HOUR

High negative correlations

NHTC	- 0.86	PIK
NHTC	- 0.7	QRTEB
NHTC	- 0.63	DTC
PIK	- 0.39	EMCMF
QRTEP	- 0.36	LQDT
QRTEP	- 0.31	HOUR

Risk-Adjusted Indicators

There is a big difference between 1StdibsCom Stock performing well and 1StdibsCom 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 1StdibsCom'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
HOUR	8.26	2.12	0.30	1.30	5.58	(13.50)	12.33	(10.27)	228.92
LQDT	2.49	0.47	0.13	0.22	2.91	(2.61)	4.16	(5.65)	37.82
QRTEB	4.01	(0.55)	0.00	(0.98)	0.00	0.00	7.87	(9.65)	28.95
EMCMF	8.93	4.03	0.00	0.82	0.00	0.00	0.00	0.00	358.41
OZON	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DTC	3.73	(1.82)	0.00	(1.27)	0.00	0.00	5.49	(8.45)	71.41
PIK	12.35	(3.55)	0.00	2.39	0.00	0.00	27.75	(33.33)	120.55
NHTC	2.27	0.24	0.09	0.53	2.96	(2.29)	5.20	(4.92)	12.97
SECO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
QRTEP	1.96	(0.24)	0.00	(0.53)	0.00	0.00	3.59	(3.93)	15.60

1StdibsCom Corporate Management

Melanie JD	General Secretary	Profile
Ryan Beauchamp	Chief Officer	Profile
Matthew Rubinger	Chief Officer	Profile
Thomas CPA	Chief Officer	Profile
Vadim Leyzerovich	Senior Engineering	Profile
Michael Bruno	Founder	Profile
Ross Paul	Chief Officer	Profile

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