ThredUp Correlations

TDUP Stock

USD 2.37 0.07 3.04%

The current 90-days correlation between ThredUp and Qurate Retail Series is 0.27 (i.e., Modest diversification). The correlation of ThredUp 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.

ThredUp Correlation With Market

Modest diversification

The correlation between ThredUp and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ThredUp and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ThredUp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

To learn how to invest in ThredUp Stock, please use our How to Invest in ThredUp guide.

Moving together with ThredUp Stock

0.62	AN	AutoNation	Pair Corr
0.77	JD	JD Inc Adr Aggressive Push	Pair Corr
0.67	VIPS	Vipshop Holdings	Pair Corr
0.73	EBAY	eBay Inc	Pair Corr
0.71	ABG	Asbury Automotive	Pair Corr
0.65	AZO	AutoZone	Pair Corr

Moving against ThredUp Stock

0.72	FL	Foot Locker	Pair Corr
0.72	WOOF	Pet Acquisition LLC	Pair Corr
0.71	LE	Lands End Earnings Call Next Week	Pair Corr
0.67	M	Macys Inc	Pair Corr
0.67	EVGO	Evgo Inc Buyout Trend	Pair Corr
0.66	VSCO	Victorias Secret Buyout Trend	Pair Corr
0.54	DLTH	Duluth Holdings	Pair Corr
0.53	WINA	Winmark	Pair Corr
0.51	EDUC	Educational Development	Pair Corr
0.38	ETSY	Etsy Inc	Pair Corr
0.33	RH	RH	Pair Corr
0.82	ANF	Abercrombie Fitch	Pair Corr
0.81	CAL	Continental	Pair Corr
0.72	FIVE	Five Below Earnings Call Tomorrow	Pair Corr
0.71	BBW	Build A Bear	Pair Corr
0.7	AZI	Autozi Internet Tech	Pair Corr
0.68	BGI	Birks Group	Pair Corr
0.65	ASO	Academy Sports Outdoors Earnings Call This Week	Pair Corr
0.62	BKE	Buckle Inc	Pair Corr
0.6	AKA	AKA Brands Holding	Pair Corr
0.57	AEO	American Eagle Outfitters Buyout Trend	Pair Corr
0.57	ELA	Envela Corp Earnings Call Tomorrow	Pair Corr
0.5	DBI	Designer Brands Earnings Call This Week	Pair Corr

Related Correlations Analysis

	OZON	QRTEB	HOUR	DTC	DIBS	NHTC	LQDT	EMCMF	GLBE
OZON		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	OZON
QRTEB	0.0		0.29	0.79	-0.12	-0.7	-0.15	-0.02	0.49	QRTEB
HOUR	0.0	0.29		0.24	0.21	-0.1	0.26	0.06	0.29	HOUR
DTC	0.0	0.79	0.24		0.33	-0.61	0.15	0.03	0.75	DTC
DIBS	0.0	-0.12	0.21	0.33		0.14	0.33	-0.07	0.52	DIBS
NHTC	0.0	-0.7	-0.1	-0.61	0.14		0.03	0.18	-0.28	NHTC
LQDT	0.0	-0.15	0.26	0.15	0.33	0.03		0.52	0.4	LQDT
EMCMF	0.0	-0.02	0.06	0.03	-0.07	0.18	0.52		0.17	EMCMF
GLBE	0.0	0.49	0.29	0.75	0.52	-0.28	0.4	0.17		GLBE
	OZON	QRTEB	HOUR	DTC	DIBS	NHTC	LQDT	EMCMF	GLBE

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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

DTC	+ 0.79	QRTEB
GLBE	+ 0.75	DTC
GLBE	+ 0.52	DIBS
EMCMF	+ 0.52	LQDT
GLBE	+ 0.49	QRTEB
GLBE	+ 0.4	LQDT

High negative correlations

NHTC	- 0.7	QRTEB
NHTC	- 0.61	DTC
GLBE	- 0.28	NHTC
LQDT	- 0.15	QRTEB
DIBS	- 0.12	QRTEB
NHTC	- 0.1	HOUR

Risk-Adjusted Indicators

There is a big difference between ThredUp Stock performing well and ThredUp 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 ThredUp'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	(0.53)	0.00	(0.90)	0.00	0.00	7.87	(9.65)	28.95
HOUR	8.26	2.21	0.31	1.26	5.63	(13.05)	12.33	(10.27)	228.92
DTC	3.63	(1.57)	0.00	(1.13)	0.00	0.00	5.49	(8.33)	71.41
DIBS	2.09	(0.17)	0.00	(0.31)	0.00	0.00	3.50	(5.66)	13.76
NHTC	2.31	0.17	0.07	0.34	3.04	(2.31)	5.20	(4.92)	12.97
LQDT	2.48	0.53	0.14	0.25	2.98	(2.57)	4.16	(5.65)	37.82
EMCMF	8.93	4.17	0.00	0.69	0.00	0.00	0.00	0.00	358.41
GLBE	2.01	(0.44)	0.00	(0.47)	0.00	0.00	3.66	(3.94)	21.69

ThredUp Corporate Management

James Reinhart	CEO CoFounder	Profile
Allison Hopkins	Chief Officer	Profile
Cora Buel	Chief Officer	Profile
Natalie Breece	Chief Officer	Profile
Noelle Sadler	Chief Officer	Profile
Alon Rotem	Chief Secretary	Profile
Seth Levey	Head Sustainability	Profile

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