Qurate Retail Correlations

QRTEA Stock  USD 0.42  0.01  2.33%   
The current 90-days correlation between Qurate Retail Series and MercadoLibre is 0.34 (i.e., Weak diversification). The correlation of Qurate Retail 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.

Qurate Retail Correlation With Market

Weak diversification

The correlation between Qurate Retail Series 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 Qurate Retail Series and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Qurate Retail Series. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Qurate Stock

  0.68YJ Yunji IncPairCorr
  0.89AEO American Eagle OutfittersPairCorr
  0.76ASO Academy Sports OutdoorsPairCorr
  0.69BBY Best BuyPairCorr
  0.61DIT AMCON DistributingPairCorr
  0.68HVT Haverty FurniturePairCorr
  0.62SCVL Shoe CarnivalPairCorr

Moving against Qurate Stock

  0.82GME GameStop Corp Aggressive PushPairCorr
  0.76WRBY Warby Parker Downward RallyPairCorr
  0.74JFBR Jeffs BrandsPairCorr
  0.73VSCO Victorias SecretPairCorr
  0.6ABG Asbury AutomotivePairCorr
  0.56WEYS Weyco GroupPairCorr
  0.54EYE National Vision HoldingsPairCorr
  0.79BH Biglari HoldingsPairCorr
  0.73GM General Motors Aggressive PushPairCorr
  0.5ORLY OReilly AutomotivePairCorr
  0.43RL Ralph Lauren CorpPairCorr
  0.42BURL Burlington StoresPairCorr
  0.42F Ford Motor Aggressive PushPairCorr
  0.32UA Under Armour CPairCorr

Related Correlations Analysis

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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   
BABAPDD
VIPSPDD
VIPSBABA
JDPDD
BABAJD
VIPSJD
  
High negative correlations   
ETSYJD
JMIAGLBE
ETSYPDD
ETSYBABA
VIPSETSY
ETSYSE

Risk-Adjusted Indicators

There is a big difference between Qurate Stock performing well and Qurate Retail 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 Qurate Retail'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
MELI  1.67 (0.09)(0.02) 0.03  3.54 
 4.61 
 20.82 
PDD  2.54  0.11  0.00 (1.83) 3.43 
 4.85 
 24.21 
JD  2.77  0.52  0.13  0.99  2.95 
 6.76 
 23.41 
BABA  2.05  0.07  0.00  0.27  2.40 
 4.82 
 16.74 
GLBE  1.73  0.49  0.26  0.54  1.31 
 4.70 
 12.67 
SE  1.62  0.51  0.24  2.91  1.43 
 4.65 
 13.28 
ETSY  1.68 (0.10) 0.00 (0.01) 0.00 
 3.43 
 13.37 
VIPS  1.88  0.10  0.02  0.29  2.19 
 4.34 
 17.40 
JMIA  3.25 (0.48) 0.00 (0.10) 0.00 
 7.14 
 28.82 
W  2.75  0.05  0.00  0.20  3.65 
 5.74 
 16.38 

Qurate Retail Corporate Management

Ben OrenExecutive TreasurerProfile
David GerbitzChief OfficerProfile
Craig TroyerDeputy VPProfile
Stacy BoweChief USProfile
Ian BaileySenior CommunityProfile