Redbubble Correlations

RDBBF Stock

USD 0.17 0.05 22.73%

The current 90-days correlation between Redbubble Limited and Baozun Inc is 0.11 (i.e., Average diversification). The correlation of Redbubble 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.

Redbubble Correlation With Market

Good diversification

The correlation between Redbubble Limited 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 Redbubble Limited and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Redbubble could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Redbubble when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Redbubble - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Redbubble Limited to buy it.

Moving together with Redbubble Pink Sheet

0.77	QLGN	Qualigen Therapeutics	Pair Corr
0.68	SGD	Safe and Green	Pair Corr

Moving against Redbubble Pink Sheet

0.84	AMZN	Amazon Inc Aggressive Push	Pair Corr
0.68	SE	Sea Potential Growth	Pair Corr
0.4	MPNGF	Meituan	Pair Corr
0.37	MPNGY	Meituan ADR Downward Rally	Pair Corr
0.31	BRK-A	Berkshire Hathaway	Pair Corr
0.85	PLTR	Palantir Technologies Aggressive Push	Pair Corr
0.8	NFLX	Netflix Fiscal Year End 28th of January 2025	Pair Corr
0.75	FDS	FactSet Research Systems	Pair Corr
0.72	BMYMP	Bristol Myers Squibb	Pair Corr
0.71	STR	Sitio Royalties Corp	Pair Corr
0.63	DDD	3D Systems	Pair Corr
0.47	AUR	Aurora Innovation Sell-off Trend	Pair Corr
0.36	CIADY	China Mengniu Dairy	Pair Corr
0.31	GARPF	Golden Agri Resources	Pair Corr

Related Correlations Analysis

	PDD	JD	BZUN	GLBE	SE	MELI	ETSY
PDD		0.91	0.93	-0.11	0.34	-0.13	-0.47	PDD
JD	0.91		0.86	0.19	0.59	-0.16	-0.5	JD
BZUN	0.93	0.86		-0.15	0.23	0.07	-0.45	BZUN
GLBE	-0.11	0.19	-0.15		0.83	-0.13	0.01	GLBE
SE	0.34	0.59	0.23	0.83		-0.25	-0.3	SE
MELI	-0.13	-0.16	0.07	-0.13	-0.25		0.18	MELI
ETSY	-0.47	-0.5	-0.45	0.01	-0.3	0.18		ETSY
	PDD	JD	BZUN	GLBE	SE	MELI	ETSY

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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

BZUN	+ 0.93	PDD
JD	+ 0.91	PDD
BZUN	+ 0.86	JD
SE	+ 0.83	GLBE
SE	+ 0.59	JD
SE	+ 0.34	PDD

High negative correlations

ETSY	- 0.5	JD
ETSY	- 0.47	PDD
ETSY	- 0.45	BZUN
ETSY	- 0.3	SE
MELI	- 0.25	SE
MELI	- 0.16	JD

Risk-Adjusted Indicators

There is a big difference between Redbubble Pink Sheet performing well and Redbubble 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 Redbubble'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
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
BZUN	3.42	0.27	0.04	0.89	4.14	(3.74)	7.67	(7.14)	27.28
GLBE	1.68	0.54	0.29	0.61	1.21	(1.98)	4.70	(2.91)	12.67
SE	1.63	0.51	0.22	3.72	1.44	(1.95)	4.65	(2.83)	13.28
MELI	1.68	(0.11)	(0.03)	0.02	3.63	(1.46)	4.61	(3.09)	20.82
ETSY	1.70	(0.09)	(0.05)	0.01	2.27	(1.77)	3.43	(4.28)	13.37

Be your own money manager

Our tools can tell you how much better you can do entering a position in Redbubble without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Redbubble Corporate Management

Brett Watson	Chief Officer	Profile
Emma Clark	Ex Officer	Profile
Mark Hall	Interim Officer	Profile
Martin Hosking	CoFounder Director	Profile
Corina Davis	Chief Devel	Profile
Georg Friedrich	VP Engineering	Profile
Peter Kopanidis	Investor Officer	Profile

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