Remitly Global Correlations

Stocks . USA . 
Stock . Remitly Global
RELY Stock  USD 17.02  0.16  0.93%   
The current 90-days correlation between Remitly Global and AvidXchange Holdings is 0.04 (i.e., Significant diversification). The correlation of Remitly Global 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.

Remitly Global Correlation With Market

Weak diversification

The correlation between Remitly Global and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Remitly Global and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Remitly Stock
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Remitly Global. 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.
For more information on how to buy Remitly Stock please use our How to Invest in Remitly Global guide.

Moving together with Remitly Stock

  0.68S SentinelOnePairCorr
  0.76DBX DropboxPairCorr
  0.77IOT SamsaraPairCorr
  0.76PAY Paymentus HoldingsPairCorr

Moving against Remitly Stock

  0.49VRNT Verint SystemsPairCorr
  0.48NN Nextnav Acquisition CorpPairCorr
  0.46JG Aurora MobilePairCorr
  0.39ZS ZscalerPairCorr
  0.36MQ MarqetaPairCorr
  0.34VRNS Varonis SystemsPairCorr
  0.7VHC VirnetX Holding Corp Tech BoostPairCorr
  0.63TLS Telos CorpPairCorr
  0.55PGY Pagaya Technologies TrendingPairCorr
  0.53WEX Wex Inc Earnings Call This WeekPairCorr
  0.5TCX Tucows IncPairCorr
  0.44FOUR Shift4 PaymentsPairCorr
  0.41RXT Rackspace TechnologyPairCorr
  0.38NET CloudflarePairCorr
  0.38LIDRW AEye IncPairCorr
  0.33SOS SOS LimitedPairCorr
  0.31MDB MongoDBPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
FLYW
+ 0.9
AVDX
FLYW
+ 0.71
RDWR
BLND
+ 0.63
AVDX
RDWR
+ 0.6
AVDX
BLND
+ 0.5
FLYW
BLND
+ 0.45
EVCM
  
High negative correlations   
EXFY
- 0.79
AVDX
EXFY
- 0.61
FLYW
BLND
- 0.59
EXFY
EXFY
- 0.42
RDWR
EXFY
- 0.26
EVCM

Risk-Adjusted Indicators

There is a big difference between Remitly Stock performing well and Remitly Global 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 Remitly Global'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.

Remitly Global Corporate Management

Stephen ShulsteinVice RelationsProfile
Ankur SinhaChief OfficerProfile
Robert KaskelChief OfficerProfile
Luke TavisChief OfficerProfile
Vanessa BicomongMarketing RegionProfile
Rene YoakumExecutive CultureProfile
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
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY