LightInTheBox Holding Correlations

LITB Stock

USD 1.99 0.16 7.44%

The current 90-days correlation between LightInTheBox Holding and Sea is 0.14 (i.e., Average diversification). The correlation of LightInTheBox Holding 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.

LightInTheBox Holding Correlation With Market

Significant diversification

The correlation between LightInTheBox Holding Co and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LightInTheBox Holding Co and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with LightInTheBox Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in LightInTheBox Holding Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with LightInTheBox Stock

0.87	M	Macys Inc	Pair Corr
0.75	JD	JD Inc Adr	Pair Corr
0.78	VIPS	Vipshop Holdings	Pair Corr
0.82	DDS	Dillards,	Pair Corr
0.71	KSS	Kohls	Pair Corr
0.77	PDD	PDD Holdings	Pair Corr
0.81	SVV	Savers Value Village,	Pair Corr
0.77	GLBE	Global E Online	Pair Corr
0.8	HOUR	Hour Loop	Pair Corr
0.77	JMIA	Jumia Technologies	Pair Corr
0.82	MOGU	MOGU Inc	Pair Corr
0.86	BABA	Alibaba Group Holding	Pair Corr
0.85	BZUN	Baozun Inc	Pair Corr
0.83	CPNG	Coupang LLC	Pair Corr
0.77	PBMRF	PT Bumi Resources	Pair Corr
0.83	AMCX	AMC Networks	Pair Corr

Moving against LightInTheBox Stock

0.73	GRPN	Groupon	Pair Corr
0.72	JFBR	Jeffs Brands	Pair Corr
0.62	ARKOW	Arko Corp	Pair Corr
0.55	SDAWW	SunCar Technology	Pair Corr
0.49	LGCB	Linkage Global Ordinary	Pair Corr
0.78	QVCGB	QVC Group Symbol Change	Pair Corr
0.61	PBCRF	PT Bank Central	Pair Corr
0.34	BKRKF	PT Bank Rakyat	Pair Corr
0.32	CICHF	China Construction Bank	Pair Corr

Related Correlations Analysis

	SE	GLBE	ETSY	JD	TTD	SHOP	CRWD	TWLO
SE		0.43	0.01	0.39	-0.83	0.58	0.04	-0.64	SE
GLBE	0.43		0.04	0.7	-0.33	0.42	0.43	-0.13	GLBE
ETSY	0.01	0.04		0.5	-0.11	0.29	0.67	-0.04	ETSY
JD	0.39	0.7	0.5		-0.31	0.4	0.68	-0.1	JD
TTD	-0.83	-0.33	-0.11	-0.31		-0.72	0.04	0.92	TTD
SHOP	0.58	0.42	0.29	0.4	-0.72		0.24	-0.65	SHOP
CRWD	0.04	0.43	0.67	0.68	0.04	0.24		0.24	CRWD
TWLO	-0.64	-0.13	-0.04	-0.1	0.92	-0.65	0.24		TWLO
	SE	GLBE	ETSY	JD	TTD	SHOP	CRWD	TWLO

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

TWLO	+ 0.92	TTD
JD	+ 0.7	GLBE
CRWD	+ 0.68	JD
CRWD	+ 0.67	ETSY
SHOP	+ 0.58	SE
JD	+ 0.5	ETSY

High negative correlations

TTD	- 0.83	SE
SHOP	- 0.72	TTD
TWLO	- 0.65	SHOP
TWLO	- 0.64	SE
TTD	- 0.33	GLBE
TTD	- 0.31	JD

Risk-Adjusted Indicators

There is a big difference between LightInTheBox Stock performing well and LightInTheBox Holding 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 LightInTheBox Holding'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	1.87	(0.05)	0.01	0.04	2.87	(1.86)	3.30	(4.00)	23.23
GLBE	2.17	(0.01)	0.01	0.06	2.78	(2.15)	4.94	(4.26)	15.41
ETSY	3.08	0.27	0.07	0.29	3.64	(3.30)	7.63	(5.67)	26.52
JD	1.81	(0.03)	0.00	0.05	2.01	(2.01)	3.76	(3.01)	11.98
TTD	2.59	(0.54)	0.00	(0.84)	0.00	0.00	4.28	(4.44)	42.88
SHOP	2.34	0.36	0.19	0.22	2.14	(2.92)	5.63	(3.68)	29.81
CRWD	1.64	(0.01)	0.00	0.06	1.92	(1.82)	3.03	(3.04)	16.69
TWLO	2.51	(0.31)	0.00	(0.09)	0.00	0.00	5.36	(6.01)	23.85

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