Kidpik Corp Correlations

PIK Stock

USD 0.05 0.02 53.85%

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

Kidpik Corp Correlation With Market

Good diversification

The correlation between Kidpik Corp and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kidpik Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Kidpik Stock

0.77	M	Macys Inc	Pair Corr
0.81	FL	Foot Locker Sell-off Trend	Pair Corr
0.79	LE	Lands End Earnings Call This Week	Pair Corr
0.63	DLTH	Duluth Holdings	Pair Corr
0.78	VSCO	Victorias Secret	Pair Corr
0.64	EDUC	Educational Development	Pair Corr
0.66	WINA	Winmark	Pair Corr
0.83	EVGO	Evgo Inc	Pair Corr
0.83	WOOF	Pet Acquisition LLC	Pair Corr
0.84	FIVE	Five Below	Pair Corr
0.67	AEO	American Eagle Outfitters	Pair Corr
0.76	AKA	AKA Brands Holding	Pair Corr
0.89	ANF	Abercrombie Fitch	Pair Corr
0.74	ASO	Academy Sports Outdoors	Pair Corr
0.82	AZI	Autozi Internet Tech	Pair Corr
0.71	BBW	Build A Bear	Pair Corr
0.67	BGI	Birks Group	Pair Corr
0.71	BKE	Buckle Inc	Pair Corr
0.92	CAL	Continental	Pair Corr

Moving against Kidpik Stock

0.82	JD	JD Inc Adr Sell-off Trend	Pair Corr
0.75	VIPS	Vipshop Holdings	Pair Corr
0.65	EBAY	eBay Inc	Pair Corr
0.46	JL	J Long Group	Pair Corr
0.42	AN	AutoNation	Pair Corr
0.71	AZO	AutoZone	Pair Corr
0.52	ABG	Asbury Automotive	Pair Corr

Related Correlations Analysis

	QRTEB	NHTC	LQDT	SECO	QRTEP	QRTEA	HOUR	OCG	YJ	JFBR
QRTEB		-0.7	0.06	0.0	-0.17	0.27	0.31	-0.22	-0.3	0.91	QRTEB
NHTC	-0.7		0.0	0.0	0.02	-0.47	-0.11	-0.17	0.23	-0.64	NHTC
LQDT	0.06	0.0		0.0	-0.36	-0.44	0.2	-0.25	-0.19	0.21	LQDT
SECO	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	SECO
QRTEP	-0.17	0.02	-0.36	0.0		0.28	-0.31	0.39	0.1	-0.23	QRTEP
QRTEA	0.27	-0.47	-0.44	0.0	0.28		0.16	0.19	-0.08	0.22	QRTEA
HOUR	0.31	-0.11	0.2	0.0	-0.31	0.16		-0.39	-0.39	0.39	HOUR
OCG	-0.22	-0.17	-0.25	0.0	0.39	0.19	-0.39		0.25	-0.32	OCG
YJ	-0.3	0.23	-0.19	0.0	0.1	-0.08	-0.39	0.25		-0.38	YJ
JFBR	0.91	-0.64	0.21	0.0	-0.23	0.22	0.39	-0.32	-0.38		JFBR
	QRTEB	NHTC	LQDT	SECO	QRTEP	QRTEA	HOUR	OCG	YJ	JFBR

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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

JFBR	+ 0.91	QRTEB
OCG	+ 0.39	QRTEP
JFBR	+ 0.39	HOUR
HOUR	+ 0.31	QRTEB
QRTEA	+ 0.28	QRTEP
QRTEA	+ 0.27	QRTEB

High negative correlations

NHTC	- 0.7	QRTEB
JFBR	- 0.64	NHTC
QRTEA	- 0.47	NHTC
QRTEA	- 0.44	LQDT
YJ	- 0.39	HOUR
OCG	- 0.39	HOUR

Risk-Adjusted Indicators

There is a big difference between Kidpik Stock performing well and Kidpik Corp 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 Kidpik Corp'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
QRTEB	4.01	(0.55)	0.00	(0.98)	0.00	0.00	7.87	(9.65)	28.95
NHTC	2.27	0.24	0.09	0.53	2.96	(2.29)	5.20	(4.92)	12.97
LQDT	2.49	0.47	0.13	0.22	2.91	(2.61)	4.16	(5.65)	37.82
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
QRTEA	3.33	(0.22)	0.00	(1.01)	0.00	0.00	8.11	(7.14)	22.65
HOUR	8.26	2.12	0.30	1.30	5.58	(13.50)	12.33	(10.27)	228.92
OCG	3.11	(0.18)	0.00	0.07	0.00	0.00	6.56	(8.46)	26.52
YJ	4.25	0.39	0.11	(2.52)	4.39	(5.25)	9.30	(7.69)	41.26
JFBR	3.98	(0.89)	0.00	(0.87)	0.00	0.00	8.10	(8.90)	21.15

Kidpik Corp Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Kidpik Corp stock to make a market-neutral strategy. Peer analysis of Kidpik Corp could also be used in its relative valuation, which is a method of valuing Kidpik Corp by comparing valuation metrics with similar companies.

Qurate Retail Series Natural Health Trend Liquidity Services Secoo Holding Qurate Retail Qurate Retail Series Hour Loop Oriental Culture Holding Yunji Inc Jeffs Brands MOGU Inc Jowell Global American Airlines Group Alcoa Corp Apple Inc

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