Etsy Correlations

ETSY Stock

USD 54.86 0.55 1.01%

The current 90-days correlation between Etsy Inc and Global E Online is 0.11 (i.e., Average diversification). The correlation of Etsy 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.

Etsy Correlation With Market

Modest diversification

The correlation between Etsy Inc and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Etsy 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 Etsy 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 state.

Moving together with Etsy Stock

0.66	ROST	Ross Stores Sell-off Trend	Pair Corr
0.68	ARHS	Arhaus Inc	Pair Corr

Moving against Etsy Stock

0.61	TLF	Tandy Leather Factory	Pair Corr
0.36	LOW	Lowes Companies Sell-off Trend	Pair Corr
0.33	WOOF	Pet Acquisition LLC	Pair Corr
0.56	LI	Li Auto	Pair Corr
0.46	CPNG	Coupang LLC	Pair Corr
0.43	MNSO	Miniso Group Holding Buyout Trend	Pair Corr
0.39	SN	SharkNinja,	Pair Corr
0.35	CTRN	Citi Trends	Pair Corr
0.34	UCAR	U Power Limited	Pair Corr

Related Correlations Analysis

	MELI	PDD	JD	BABA	GLBE	OSTK	CHWY	FTCH	SE	W
MELI		-0.13	-0.16	0.0	-0.13	-0.47	-0.19	-0.44	-0.25	0.47	MELI
PDD	-0.13		0.91	0.97	-0.11	-0.2	-0.23	0.37	0.34	0.51	PDD
JD	-0.16	0.91		0.89	0.19	0.08	-0.11	0.59	0.59	0.34	JD
BABA	0.0	0.97	0.89		-0.16	-0.31	-0.3	0.25	0.25	0.6	BABA
GLBE	-0.13	-0.11	0.19	-0.16		0.79	0.76	0.54	0.83	-0.17	GLBE
OSTK	-0.47	-0.2	0.08	-0.31	0.79		0.68	0.7	0.69	-0.6	OSTK
CHWY	-0.19	-0.23	-0.11	-0.3	0.76	0.68		0.28	0.54	-0.14	CHWY
FTCH	-0.44	0.37	0.59	0.25	0.54	0.7	0.28		0.79	-0.35	FTCH
SE	-0.25	0.34	0.59	0.25	0.83	0.69	0.54	0.79		-0.05	SE
W	0.47	0.51	0.34	0.6	-0.17	-0.6	-0.14	-0.35	-0.05		W
	MELI	PDD	JD	BABA	GLBE	OSTK	CHWY	FTCH	SE	W

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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	+ 0.97	PDD
JD	+ 0.91	PDD
BABA	+ 0.89	JD
SE	+ 0.83	GLBE
OSTK	+ 0.79	GLBE
SE	+ 0.79	FTCH

High negative correlations

W	- 0.6	OSTK
OSTK	- 0.47	MELI
FTCH	- 0.44	MELI
W	- 0.35	FTCH
OSTK	- 0.31	BABA
CHWY	- 0.3	BABA

Risk-Adjusted Indicators

There is a big difference between Etsy Stock performing well and Etsy 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 Etsy'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
MELI	1.68	(0.11)	(0.03)	0.02	3.63	(1.46)	4.61	(3.09)	20.82
PDD	2.48	0.20	0.02	(1.02)	3.18	(2.82)	4.85	(5.75)	24.21
JD	2.74	0.55	0.14	1.10	2.94	(3.09)	6.76	(6.99)	23.41
BABA	2.02	0.12	0.02	0.41	2.39	(2.26)	4.82	(3.81)	16.74
GLBE	1.68	0.54	0.29	0.61	1.21	(1.98)	4.70	(2.91)	12.67
OSTK	3.47	0.71	0.21	0.85	3.06	(4.49)	11.40	(5.55)	30.48
CHWY	2.09	0.13	0.06	0.26	1.95	(2.41)	6.03	(3.65)	12.83
FTCH	3.52	0.35	0.06	2.80	3.55	(4.12)	7.30	(5.87)	24.63
SE	1.63	0.51	0.22	3.72	1.44	(1.95)	4.65	(2.83)	13.28
W	2.73	0.11	0.02	0.32	3.61	(2.62)	5.74	(6.15)	16.38

Etsy Corporate Management

Jared Tarbell	CoFounder	Profile
Michael Fisher	Chief Officer	Profile
Ryan Scott	Chief Marketing Officer	Profile
Robert Kalin	CoFounder	Profile
Colin Stretch	Chief Secretary	Profile
Nicholas Daniel	Chief Officer	Profile

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