Wayfair Correlations

W Stock

USD 46.24 0.83 1.83%

The current 90-days correlation between Wayfair and Sea is 0.24 (i.e., Modest diversification). The correlation of Wayfair 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.

Wayfair Correlation With Market

Average diversification

The correlation between Wayfair and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wayfair and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wayfair. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

For more information on how to buy Wayfair Stock please use our How to Invest in Wayfair guide.

Moving together with Wayfair Stock

0.76	YJ	Yunji Inc	Pair Corr
0.78	EBAY	eBay Inc	Pair Corr
0.62	WOOF	Pet Acquisition LLC	Pair Corr
0.73	AEO	American Eagle Outfitters	Pair Corr
0.65	ASO	Academy Sports Outdoors	Pair Corr
0.69	FNKO	Funko Inc	Pair Corr
0.69	BBY	Best Buy	Pair Corr
0.78	FND	Floor Decor Holdings	Pair Corr
0.69	HVT	Haverty Furniture	Pair Corr

Moving against Wayfair Stock

0.5	VSCO	Victorias Secret	Pair Corr
0.49	GME	GameStop Corp Downward Rally	Pair Corr
0.48	ABG	Asbury Automotive	Pair Corr
0.47	WEYS	Weyco Group	Pair Corr
0.42	WRBY	Warby Parker	Pair Corr
0.41	LB	LandBridge Company	Pair Corr
0.31	EYE	National Vision Holdings	Pair Corr
0.31	GPI	Group 1 Automotive	Pair Corr
0.69	JFBRW	Jeffs Brands	Pair Corr
0.52	SAH	Sonic Automotive	Pair Corr
0.43	LAD	Lithia Motors	Pair Corr
0.32	JILL	JJill Inc Earnings Call This Week	Pair Corr
0.31	CATO	Cato	Pair Corr

Related Correlations Analysis

	SE	MELI	CHWY	PDD	ETSY	RVLV	JMIA	GLBE	JD	BABA
SE		-0.25	0.54	0.34	-0.3	0.81	-0.31	0.83	0.59	0.25	SE
MELI	-0.25		-0.19	-0.13	0.18	-0.42	0.41	-0.13	-0.16	0.0	MELI
CHWY	0.54	-0.19		-0.23	0.27	0.77	-0.56	0.76	-0.11	-0.3	CHWY
PDD	0.34	-0.13	-0.23		-0.47	-0.1	0.64	-0.11	0.91	0.97	PDD
ETSY	-0.3	0.18	0.27	-0.47		0.04	-0.14	0.01	-0.5	-0.38	ETSY
RVLV	0.81	-0.42	0.77	-0.1	0.04		-0.68	0.89	0.17	-0.18	RVLV
JMIA	-0.31	0.41	-0.56	0.64	-0.14	-0.68		-0.54	0.44	0.72	JMIA
GLBE	0.83	-0.13	0.76	-0.11	0.01	0.89	-0.54		0.19	-0.16	GLBE
JD	0.59	-0.16	-0.11	0.91	-0.5	0.17	0.44	0.19		0.89	JD
BABA	0.25	0.0	-0.3	0.97	-0.38	-0.18	0.72	-0.16	0.89		BABA
	SE	MELI	CHWY	PDD	ETSY	RVLV	JMIA	GLBE	JD	BABA

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

BABA	+ 0.97	PDD
JD	+ 0.91	PDD
GLBE	+ 0.89	RVLV
BABA	+ 0.89	JD
GLBE	+ 0.83	SE
RVLV	+ 0.81	SE

High negative correlations

JMIA	- 0.68	RVLV
JMIA	- 0.56	CHWY
GLBE	- 0.54	JMIA
JD	- 0.5	ETSY
ETSY	- 0.47	PDD
RVLV	- 0.42	MELI

Risk-Adjusted Indicators

There is a big difference between Wayfair Stock performing well and Wayfair 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 Wayfair'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
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
CHWY	2.09	0.13	0.06	0.26	1.95	(2.41)	6.03	(3.65)	12.83
PDD	2.48	0.20	0.02	(1.02)	3.18	(2.82)	4.85	(5.75)	24.21
ETSY	1.70	(0.09)	(0.05)	0.01	2.27	(1.77)	3.43	(4.28)	13.37
RVLV	2.58	0.73	0.26	2.49	1.91	(3.06)	5.11	(4.01)	32.36
JMIA	3.21	(0.47)	0.00	(0.09)	0.00	0.00	7.14	(4.97)	28.82
GLBE	1.68	0.54	0.29	0.61	1.21	(1.98)	4.70	(2.91)	12.67
JD	2.74	0.55	0.14	1.10	2.94	(3.09)	6.76	(6.99)	23.41
BABA	2.02	0.12	0.02	0.41	2.39	(2.26)	4.82	(3.81)	16.74

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