Vipshop Holdings Correlations

VIPS Stock

USD 16.41 0.12 0.74%

The current 90-days correlation between Vipshop Holdings and PDD Holdings is -0.05 (i.e., Good diversification). The correlation of Vipshop Holdings 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.

Vipshop Holdings Correlation With Market

Significant diversification

The correlation between Vipshop Holdings Limited and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vipshop Holdings Limited 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 Vipshop Holdings Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Vipshop Stock

0.86	JD	JD Inc Adr	Pair Corr
0.93	AZO	AutoZone	Pair Corr
0.83	PDD	PDD Holdings	Pair Corr
0.71	MELI	MercadoLibre	Pair Corr
0.9	BABA	Alibaba Group Holding	Pair Corr

Moving against Vipshop Stock

0.9	VSCO	Victorias Secret	Pair Corr
0.89	RENT	Rent the Runway	Pair Corr
0.87	RH	RH Earnings Call Today	Pair Corr
0.84	KSS	Kohls Corp	Pair Corr
0.84	KIRK	Kirklands	Pair Corr
0.82	XELB	Xcel Brands Trending	Pair Corr
0.75	ETSY	Etsy Inc Buyout Trend	Pair Corr
0.7	FND	Floor Decor Holdings	Pair Corr
0.69	GLBE	Global E Online	Pair Corr
0.66	M	Macys Inc	Pair Corr
0.63	DDS	Dillards	Pair Corr
0.59	LOW	Lowes Companies	Pair Corr
0.58	BBY	Best Buy Sell-off Trend	Pair Corr
0.58	DKS	Dicks Sporting Goods	Pair Corr
0.57	HD	Home Depot	Pair Corr
0.86	OXM	Oxford Industries Earnings Call Today	Pair Corr
0.83	UA	Under Armour C	Pair Corr
0.82	CMG	Chipotle Mexican Grill Sell-off Trend	Pair Corr
0.8	KTB	Kontoor Brands	Pair Corr
0.76	VNCE	Vince Holding Corp	Pair Corr
0.76	BZH	Beazer Homes USA	Pair Corr
0.73	MHO	MI Homes	Pair Corr
0.71	HOV	Hovnanian Enterprises	Pair Corr
0.71	TPH	TRI Pointe Homes	Pair Corr
0.7	WING	Wingstop	Pair Corr
0.66	KBH	KB Home Downward Rally	Pair Corr
0.61	MTH	Meritage	Pair Corr
0.6	DIN	Dine Brands Global	Pair Corr
0.55	CCS	Century Communities	Pair Corr
0.54	EWCZ	European Wax Center Potential Growth	Pair Corr
0.49	BH	Biglari Holdings	Pair Corr

Related Correlations Analysis

	PDD	JD	BABA	GLBE	SE	JMIA	W	CHWY
PDD		0.88	0.88	-0.5	0.88	-0.62	-0.49	-0.09	PDD
JD	0.88		0.8	-0.49	0.83	-0.62	-0.52	-0.02	JD
BABA	0.88	0.8		-0.77	0.82	-0.86	-0.72	-0.37	BABA
GLBE	-0.5	-0.49	-0.77		-0.4	0.95	0.88	0.7	GLBE
SE	0.88	0.83	0.82	-0.4		-0.55	-0.43	0.04	SE
JMIA	-0.62	-0.62	-0.86	0.95	-0.55		0.86	0.53	JMIA
W	-0.49	-0.52	-0.72	0.88	-0.43	0.86		0.64	W
CHWY	-0.09	-0.02	-0.37	0.7	0.04	0.53	0.64		CHWY
	PDD	JD	BABA	GLBE	SE	JMIA	W	CHWY

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

JMIA	+ 0.95	GLBE
JD	+ 0.88	PDD
BABA	+ 0.88	PDD
SE	+ 0.88	PDD
W	+ 0.88	GLBE
W	+ 0.86	JMIA

High negative correlations

JMIA	- 0.86	BABA
GLBE	- 0.77	BABA
W	- 0.72	BABA
JMIA	- 0.62	JD
JMIA	- 0.62	PDD
JMIA	- 0.55	SE

Risk-Adjusted Indicators

There is a big difference between Vipshop Stock performing well and Vipshop Holdings 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 Vipshop Holdings' 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	2.23	0.34	0.12	0.51	2.63	(2.64)	5.57	(4.20)	17.18
JD	2.52	0.20	0.07	0.23	2.78	(2.73)	5.22	(4.13)	17.44
BABA	2.42	0.72	0.24	(1.89)	2.46	(2.76)	6.71	(3.80)	18.33
GLBE	2.15	(0.56)	0.00	(0.33)	0.00	0.00	3.30	(3.94)	21.69
SE	2.08	0.20	0.08	0.15	2.52	(2.12)	4.09	(4.15)	16.75
JMIA	3.38	(0.78)	0.00	(0.36)	0.00	0.00	5.13	(6.67)	33.90
W	3.23	(0.36)	0.00	0.73	0.00	0.00	6.50	(7.62)	17.27
CHWY	2.08	0.02	0.01	0.02	2.89	(1.89)	4.30	(4.85)	12.50

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC