EBay Correlations

EBAY Stock

USD 65.24 2.20 3.26%

The current 90-days correlation between eBay Inc and Sea is 0.19 (i.e., Average diversification). The correlation of EBay 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.

EBay Correlation With Market

Weak diversification

The correlation between eBay Inc and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding eBay Inc 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 eBay 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 nation.

Moving together with EBay Stock

0.64

ABG

Asbury Automotive

Pair Corr

Moving against EBay Stock

0.53	EVGO	Evgo Inc	Pair Corr
0.52	LE	Lands End Earnings Call This Week	Pair Corr
0.43	FL	Foot Locker	Pair Corr
0.41	VSCO	Victorias Secret	Pair Corr
0.36	M	Macys Inc	Pair Corr
0.62	CAL	Continental	Pair Corr
0.53	ANF	Abercrombie Fitch	Pair Corr
0.51	AZI	Autozi Internet Tech	Pair Corr
0.51	BBW	Build A Bear	Pair Corr
0.46	WOOF	Pet Acquisition LLC	Pair Corr
0.45	BGI	Birks Group	Pair Corr
0.39	FIVE	Five Below	Pair Corr
0.39	BKE	Buckle Inc	Pair Corr
0.36	AEO	American Eagle Outfitters	Pair Corr
0.36	ASO	Academy Sports Outdoors Earnings Call Today	Pair Corr

Related Correlations Analysis

	SE	W	MELI	CHWY	PDD	ETSY	OSTK	FTCH	GLBE	BABA
SE		-0.18	0.86	0.04	0.7	-0.18	0.0	0.0	-0.2	0.67	SE
W	-0.18		-0.13	0.77	-0.37	0.89	0.0	0.0	0.91	-0.67	W
MELI	0.86	-0.13		0.08	0.68	-0.13	0.0	0.0	-0.22	0.67	MELI
CHWY	0.04	0.77	0.08		-0.16	0.66	0.0	0.0	0.76	-0.44	CHWY
PDD	0.7	-0.37	0.68	-0.16		-0.42	0.0	0.0	-0.39	0.89	PDD
ETSY	-0.18	0.89	-0.13	0.66	-0.42		0.0	0.0	0.86	-0.66	ETSY
OSTK	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	OSTK
FTCH	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	FTCH
GLBE	-0.2	0.91	-0.22	0.76	-0.39	0.86	0.0	0.0		-0.7	GLBE
BABA	0.67	-0.67	0.67	-0.44	0.89	-0.66	0.0	0.0	-0.7		BABA
	SE	W	MELI	CHWY	PDD	ETSY	OSTK	FTCH	GLBE	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

GLBE	+ 0.91	W
ETSY	+ 0.89	W
BABA	+ 0.89	PDD
MELI	+ 0.86	SE
GLBE	+ 0.86	ETSY
CHWY	+ 0.77	W

High negative correlations

BABA	- 0.7	GLBE
BABA	- 0.67	W
BABA	- 0.66	ETSY
BABA	- 0.44	CHWY
ETSY	- 0.42	PDD
GLBE	- 0.39	PDD

Risk-Adjusted Indicators

There is a big difference between EBay Stock performing well and EBay 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 EBay'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	2.12	0.30	0.11	0.18	2.49	(2.20)	4.12	(4.15)	16.75
W	2.95	(0.32)	0.00	(0.22)	0.00	0.00	5.77	(7.62)	17.27
MELI	1.76	0.15	0.11	0.26	1.92	(2.13)	3.92	(3.20)	10.31
CHWY	2.05	(0.02)	0.03	(0.01)	2.81	(1.87)	3.82	(4.47)	12.50
PDD	2.26	0.50	0.18	0.55	2.73	(2.64)	6.00	(5.62)	17.18
ETSY	1.94	(0.31)	0.00	(0.44)	0.00	0.00	4.38	(4.65)	15.08
OSTK	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FTCH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GLBE	2.10	(0.46)	0.00	(0.41)	0.00	0.00	3.74	(7.11)	21.69
BABA	2.49	1.02	0.33	1.14	2.38	(2.87)	7.55	(3.80)	18.33

EBay Corporate Management

Eve Williams	VP Business	Profile
Cornelius Boone	Senior Officer	Profile
Gigi Duff	Chief Officer	Profile
Eddie Garcia	Senior Officer	Profile
Brian Doerger	VP Officer	Profile

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