Yelp Correlations

YELP Stock

USD 34.99 0.09 0.26%

The current 90-days correlation between Yelp Inc and Shutterstock is 0.21 (i.e., Modest diversification). The correlation of Yelp 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.

Yelp Correlation With Market

Weak diversification

The correlation between Yelp Inc and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Yelp Inc 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 Yelp Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Yelp Stock

0.76	OB	Outbrain	Pair Corr
0.77	DOYU	DouYu International Earnings Call This Week	Pair Corr
0.85	WBTN	WEBTOON Entertainment	Pair Corr
0.81	DJT	Trump Media Technology Symbol Change	Pair Corr
0.78	MAX	MediaAlpha	Pair Corr
0.85	MNY	MoneyHero Limited Class	Pair Corr
0.81	SLE	Super League Enterprise Earnings Call This Week	Pair Corr
0.78	GETY	Getty Images Holdings Buyout Trend	Pair Corr
0.86	GOOG	Alphabet Class C	Pair Corr
0.71	KIND	Nextdoor Holdings	Pair Corr
0.94	NRDS	Nerdwallet	Pair Corr

Moving against Yelp Stock

0.83	ZH	Zhihu Inc ADR Earnings Call This Week	Pair Corr
0.81	CCG	Cheche Group Class	Pair Corr
0.78	EVER	EverQuote Class A Downward Rally	Pair Corr
0.67	BZ	Kanzhun Ltd ADR	Pair Corr
0.63	YY	YY Inc Class	Pair Corr
0.54	TME	Tencent Music Entert Upward Rally	Pair Corr
0.42	WB	Weibo Corp	Pair Corr
0.39	IAC	IAC Inc	Pair Corr
0.81	GIFT	RDE, Inc Symbol Change	Pair Corr
0.58	JFIN	Jiayin Group	Pair Corr

Related Correlations Analysis

	PINS	SNAP	GOOGL	BIDU	META	SSTK	MTCH	ONFO	TCEHY	TWLO
PINS		-0.23	-0.33	0.41	0.85	-0.29	0.34	-0.05	0.5	0.5	PINS
SNAP	-0.23		0.75	-0.48	0.0	0.85	0.31	0.41	-0.79	0.22	SNAP
GOOGL	-0.33	0.75		-0.43	0.06	0.85	0.52	0.22	-0.84	0.4	GOOGL
BIDU	0.41	-0.48	-0.43		0.38	-0.41	0.18	0.05	0.68	0.21	BIDU
META	0.85	0.0	0.06	0.38		0.01	0.65	-0.05	0.2	0.83	META
SSTK	-0.29	0.85	0.85	-0.41	0.01		0.36	0.45	-0.86	0.28	SSTK
MTCH	0.34	0.31	0.52	0.18	0.65	0.36		0.02	-0.18	0.78	MTCH
ONFO	-0.05	0.41	0.22	0.05	-0.05	0.45	0.02		-0.16	-0.09	ONFO
TCEHY	0.5	-0.79	-0.84	0.68	0.2	-0.86	-0.18	-0.16		-0.19	TCEHY
TWLO	0.5	0.22	0.4	0.21	0.83	0.28	0.78	-0.09	-0.19		TWLO
	PINS	SNAP	GOOGL	BIDU	META	SSTK	MTCH	ONFO	TCEHY	TWLO

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

META	+ 0.85	PINS
SSTK	+ 0.85	SNAP
SSTK	+ 0.85	GOOGL
TWLO	+ 0.83	META
TWLO	+ 0.78	MTCH
GOOGL	+ 0.75	SNAP

High negative correlations

TCEHY	- 0.86	SSTK
TCEHY	- 0.84	GOOGL
TCEHY	- 0.79	SNAP
BIDU	- 0.48	SNAP
BIDU	- 0.43	GOOGL
SSTK	- 0.41	BIDU

Risk-Adjusted Indicators

There is a big difference between Yelp Stock performing well and Yelp 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 Yelp'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
PINS	2.12	0.08	0.04	0.00	2.51	(2.60)	5.04	(4.63)	26.52
SNAP	2.41	(0.36)	0.00	(0.41)	0.00	0.00	4.41	(5.85)	14.86
GOOGL	1.60	(0.03)	0.00	(0.13)	0.00	0.00	3.11	(3.60)	12.88
BIDU	2.37	0.23	0.09	0.30	2.85	(2.36)	5.43	(4.58)	13.40
META	1.57	0.08	0.00	(0.01)	0.00	0.00	2.57	(3.59)	8.90
SSTK	2.26	(0.68)	0.00	(2.61)	0.00	0.00	3.25	(4.98)	25.92
MTCH	1.85	0.02	0.00	(0.07)	0.00	0.00	3.01	(3.30)	14.60
ONFO	3.71	(0.14)	0.00	(0.18)	0.00	0.00	7.69	(6.90)	21.57
TCEHY	1.97	0.41	0.18	1.15	2.25	(2.27)	3.87	(4.06)	14.09
TWLO	2.49	0.08	0.00	(0.04)	0.00	0.00	4.20	(6.81)	35.14

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