ATRenew Correlations

RERE Stock

USD 3.10 0.07 2.21%

The current 90-days correlation between ATRenew Inc DRC and Qurate Retail Series is -0.13 (i.e., Good diversification). The correlation of ATRenew 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.

ATRenew Correlation With Market

Good diversification

The correlation between ATRenew Inc DRC and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ATRenew Inc DRC 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 ATRenew Inc DRC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with ATRenew Stock

0.72	VIPS	Vipshop Holdings	Pair Corr
0.75	AZO	AutoZone	Pair Corr

Moving against ATRenew Stock

0.78	RH	RH Earnings Call This Week	Pair Corr
0.71	DXLG	Destination XL Group	Pair Corr
0.66	EDUC	Educational Development	Pair Corr
0.61	VSCO	Victorias Secret	Pair Corr
0.61	WEYS	Weyco Group	Pair Corr
0.6	LE	Lands End Earnings Call This Week	Pair Corr
0.59	W	Wayfair Buyout Trend	Pair Corr
0.59	FL	Foot Locker	Pair Corr
0.59	HD	Home Depot	Pair Corr
0.59	WINA	Winmark	Pair Corr
0.52	DLTH	Duluth Holdings	Pair Corr
0.52	ETSY	Etsy Inc	Pair Corr
0.5	BQ	Boqii Holding Limited	Pair Corr
0.38	AN	AutoNation	Pair Corr
0.37	DIBS	1StdibsCom	Pair Corr
0.37	JL	J Long Group	Pair Corr
0.37	EVGO	Evgo Inc	Pair Corr
0.73	FNKO	Funko Inc	Pair Corr
0.72	BKE	Buckle Inc	Pair Corr
0.69	WRBY	Warby Parker	Pair Corr
0.68	AEO	American Eagle Outfitters	Pair Corr
0.67	DBI	Designer Brands	Pair Corr
0.66	CWH	Camping World Holdings	Pair Corr
0.61	WOOF	Pet Acquisition LLC	Pair Corr
0.6	ANF	Abercrombie Fitch	Pair Corr
0.59	FIVE	Five Below	Pair Corr
0.57	ASO	Academy Sports Outdoors	Pair Corr
0.56	FLWS	1 800 FLOWERSCOM	Pair Corr
0.56	AAP	Advance Auto Parts	Pair Corr
0.56	BGI	Birks Group	Pair Corr
0.52	DDS	Dillards	Pair Corr
0.51	AKA	AKA Brands Holding Upward Rally	Pair Corr
0.51	BBW	Build A Bear	Pair Corr
0.47	AZI	Autozi Internet Tech	Pair Corr
0.43	BBY	Best Buy	Pair Corr

Related Correlations Analysis

	OZON	QRTEB	HOUR	DTC	DIBS	BZUN	PIK	LITB	NHTC	LQDT
OZON		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	OZON
QRTEB	0.0		0.29	0.8	0.08	-0.61	0.81	0.82	-0.71	0.3	QRTEB
HOUR	0.0	0.29		0.35	0.26	-0.21	0.3	0.3	-0.14	0.14	HOUR
DTC	0.0	0.8	0.35		0.57	-0.4	0.63	0.61	-0.62	0.55	DTC
DIBS	0.0	0.08	0.26	0.57		0.28	-0.07	-0.08	-0.03	0.55	DIBS
BZUN	0.0	-0.61	-0.21	-0.4	0.28		-0.63	-0.55	0.44	0.01	BZUN
PIK	0.0	0.81	0.3	0.63	-0.07	-0.63		0.9	-0.88	-0.03	PIK
LITB	0.0	0.82	0.3	0.61	-0.08	-0.55	0.9		-0.83	-0.07	LITB
NHTC	0.0	-0.71	-0.14	-0.62	-0.03	0.44	-0.88	-0.83		-0.09	NHTC
LQDT	0.0	0.3	0.14	0.55	0.55	0.01	-0.03	-0.07	-0.09		LQDT
	OZON	QRTEB	HOUR	DTC	DIBS	BZUN	PIK	LITB	NHTC	LQDT

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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

LITB	+ 0.9	PIK
LITB	+ 0.82	QRTEB
PIK	+ 0.81	QRTEB
DTC	+ 0.8	QRTEB
PIK	+ 0.63	DTC
LITB	+ 0.61	DTC

High negative correlations

NHTC	- 0.88	PIK
NHTC	- 0.83	LITB
NHTC	- 0.71	QRTEB
PIK	- 0.63	BZUN
NHTC	- 0.62	DTC
BZUN	- 0.61	QRTEB

Risk-Adjusted Indicators

There is a big difference between ATRenew Stock performing well and ATRenew 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 ATRenew'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
OZON	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
QRTEB	4.01	(0.72)	0.00	0.40	0.00	0.00	7.87	(9.65)	28.95
HOUR	8.03	1.85	0.27	1.18	5.61	(13.55)	11.40	(10.27)	228.92
DTC	3.97	(1.77)	0.00	(1.09)	0.00	0.00	6.60	(8.70)	71.41
DIBS	2.06	(0.10)	0.00	(0.22)	0.00	0.00	3.50	(4.76)	13.76
BZUN	4.00	0.42	0.08	0.23	4.84	(4.45)	6.77	(7.98)	50.89
PIK	12.35	(3.50)	0.00	2.72	0.00	0.00	27.75	(33.33)	120.55
LITB	4.12	(0.43)	0.00	(0.62)	0.00	0.00	9.17	(11.11)	23.57
NHTC	2.18	0.31	0.12	0.84	2.75	(2.29)	5.20	(4.64)	12.97
LQDT	2.09	0.01	0.00	(0.06)	0.00	0.00	3.99	(5.65)	12.69

ATRenew Corporate Management

Chen Chen	Compliance CFO	Profile
Jeremy Ji	Director Relations	Profile
Xuefeng Kerry	Chairman Cofounder	Profile
Wang Yongliang	Pres Director	Profile

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