EBay Correlations

EBAY Stock  USD 78.14  1.35  1.76%   
The current 90-days correlation between eBay Inc and Sea is -0.01 (i.e., Good diversification). The correlation of EBay 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.

EBay Correlation With Market

Modest diversification

The correlation between eBay Inc and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding eBay Inc and DJI in the same portfolio, assuming nothing else is changed.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in eBay 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 nation.

Moving together with EBay Stock

  0.88FL Foot LockerPairCorr
  0.66ANF Abercrombie FitchPairCorr
  0.62BBY Best BuyPairCorr
  0.9BKE Buckle IncPairCorr
  0.66GES Guess IncPairCorr
  0.71HVT Haverty FurniturePairCorr
  0.9GRPN GrouponPairCorr
  0.78SCVL Shoe CarnivalPairCorr
  0.71ARHS Arhaus IncPairCorr
  0.87URBN Urban OutfittersPairCorr
  0.81RL Ralph Lauren CorpPairCorr
  0.83VUZI Vuzix Corp CmnPairCorr
  0.75FOSL Fossil GroupPairCorr
  0.69LEG Leggett PlattPairCorr
  0.86RRR Red Rock Resorts Earnings Call This WeekPairCorr
  0.83UAA Under Armour APairCorr
  0.89GPRO GoPro IncPairCorr
  0.69SONO Sonos IncPairCorr
  0.83LTRY Lottery, Common StockPairCorr
  0.75CVX Chevron CorpPairCorr
  0.69MMM 3M CompanyPairCorr

Moving against EBay Stock

  0.6AEO American Eagle OutfittersPairCorr
  0.46ROST Ross StoresPairCorr
  0.44PLCE Childrens PlacePairCorr
  0.5MSB Mesabi TrustPairCorr
  0.43KO Coca Cola Earnings Call This WeekPairCorr
  0.36PG Procter GamblePairCorr
  0.31GTOR Ggtoor IncPairCorr
  0.31VZ Verizon Communications Earnings Call This WeekPairCorr

Related Correlations Analysis

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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   
MELISE
CHWYSE
CHWYMELI
ETSYW
BABAPDD
WSE
  
High negative correlations   
BABAW
GLBEW
GLBECHWY
GLBEETSY
BABAETSY
ETSYPDD

Risk-Adjusted Indicators

There is a big difference between EBay Stock performing well and EBay 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 EBay'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SE  1.76  0.51  0.18  1.62  1.79 
 3.58 
 14.10 
W  3.11  0.80  0.36  0.40  2.22 
 8.60 
 25.22 
MELI  1.48  0.18  0.07  0.41  1.63 
 3.49 
 10.83 
CHWY  1.62  0.15  0.03  0.41  2.48 
 3.71 
 17.30 
PDD  1.53  0.17  0.04  0.50  2.72 
 4.22 
 19.77 
ETSY  2.05  0.41  0.14  0.73  2.12 
 4.45 
 11.69 
OSTK  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
FTCH  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
GLBE  1.87 (0.11)(0.01) 0.06  3.75 
 3.91 
 28.78 
BABA  1.80  0.02 (0.01) 0.17  2.32 
 4.34 
 13.33 

EBay Corporate Management