PDD Holdings Correlations

Stocks . USA . 
Stock . PDD Holdings
PDD Stock  USD 127.55  3.28  2.64%   
The current 90-days correlation between PDD Holdings and Sea is 0.25 (i.e., Modest diversification). The correlation of PDD 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.

PDD Holdings Correlation With Market

Weak diversification

The correlation between PDD Holdings and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PDD Holdings and DJI in the same portfolio, assuming nothing else is changed.
  
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PDD Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in services.
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Moving together with PDD Stock

  0.88M Macys IncPairCorr
  0.69JD JD Inc AdrPairCorr
  0.91VIPS Vipshop HoldingsPairCorr
  0.96DDS Dillards,PairCorr
  0.91KSS KohlsPairCorr
  0.86SVV Savers Value Village,PairCorr
  0.61GLBE Global E OnlinePairCorr
  0.92JMIA Jumia TechnologiesPairCorr
  0.74LITB LightInTheBox HoldingPairCorr
  0.74MNSO Miniso Group HoldingPairCorr
  0.62MOGU MOGU IncPairCorr
  0.88BABA Alibaba Group HoldingPairCorr
  0.8BZUN Baozun IncPairCorr
  0.75PBMRF PT Bumi ResourcesPairCorr
  0.74NOC Northrop Grumman Earnings Call This WeekPairCorr

Moving against PDD Stock

  0.88GRPN GrouponPairCorr
  0.79JFBR Jeffs BrandsPairCorr
  0.68SDAWW SunCar TechnologyPairCorr
  0.63ARKOW Arko CorpPairCorr
  0.58LGCB Linkage Global OrdinaryPairCorr
  0.9QVCGB QVC Group Symbol ChangePairCorr
  0.59CICHF China Construction BankPairCorr
  0.56BKRKF PT Bank RakyatPairCorr
  0.56PBCRF PT Bank CentralPairCorr

Related Correlations Analysis


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
SHOP
+ 0.66
SE
CRWD
+ 0.55
ETSY
SHOP
+ 0.47
ETSY
TWLO
+ 0.28
CRWD
ETSY
+ 0.18
SE
  

High negative correlations

TTD
- 0.84
SE
SHOP
- 0.72
TTD
TWLO
- 0.64
SE
TWLO
- 0.63
SHOP
TTD
- 0.26
ETSY
TWLO
- 0.19
ETSY

Risk-Adjusted Indicators

There is a big difference between PDD Stock performing well and PDD 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 PDD 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.

PDD Holdings Corporate Management

David LiuVice StrategyProfile
Xin LimInvestor OfficersProfile
Jianchong ZhuSr CounselProfile
Jun LiuVice FinanceProfile
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