ThredUp Correlations

TDUP Stock

USD 6.23 0.14 2.20%

The current 90-days correlation between ThredUp and Hour Loop is -0.14 (i.e., Good diversification). The correlation of ThredUp 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.

ThredUp Correlation With Market

Average diversification

The correlation between ThredUp and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ThredUp and DJI in the same portfolio, assuming nothing else is changed.

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ThredUp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

To learn how to invest in ThredUp Stock, please use our How to Invest in ThredUp guide.

Moving together with ThredUp Stock

0.62	EYE	National Vision Holdings	Pair Corr
0.68	MELI	MercadoLibre	Pair Corr

Moving against ThredUp Stock

0.77	LE	Lands End	Pair Corr
0.74	JD	JD Inc Adr Earnings Call This Week	Pair Corr
0.69	BGI	Birks Group	Pair Corr
0.64	FL	Foot Locker	Pair Corr
0.64	ASO	Academy Sports Outdoors	Pair Corr
0.56	FND	Floor Decor Holdings	Pair Corr
0.54	DIT	AMCON Distributing	Pair Corr
0.5	JL	J Long Group	Pair Corr
0.48	RH	RH	Pair Corr
0.46	BBY	Best Buy	Pair Corr
0.44	VIPS	Vipshop Holdings	Pair Corr
0.42	BQ	Boqii Holding Limited	Pair Corr
0.42	ABG	Asbury Automotive	Pair Corr
0.4	FLWS	1 800 FLOWERSCOM	Pair Corr
0.39	GPC	Genuine Parts	Pair Corr
0.36	ETSY	Etsy Inc	Pair Corr
0.69	ZUMZ	Zumiez Inc	Pair Corr
0.68	POOL	Pool	Pair Corr
0.67	SCVL	Shoe Carnival	Pair Corr
0.62	AENT	Alliance Entertainment	Pair Corr
0.58	HOUR	Hour Loop	Pair Corr
0.55	HVT	Haverty Furniture	Pair Corr
0.48	PETS	PetMed Express	Pair Corr
0.47	JFBR	Jeffs Brands	Pair Corr
0.42	LOW	Lowes Companies	Pair Corr
0.42	PDD	PDD Holdings Sell-off Trend	Pair Corr
0.39	TLF	Tandy Leather Factory	Pair Corr
0.39	LVLU	Lulus Fashion Lounge	Pair Corr
0.37	AMZN	Amazon Inc Aggressive Push	Pair Corr
0.36	KIRK	Kirklands	Pair Corr

Related Correlations Analysis

	OZON	QRTEB	HOUR	DTC	DIBS	NHTC	LQDT	EMCMF	GLBE
OZON		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	OZON
QRTEB	0.0		0.82	0.92	0.85	-0.03	0.5	0.0	0.6	QRTEB
HOUR	0.0	0.82		0.92	0.91	0.1	0.56	0.0	0.82	HOUR
DTC	0.0	0.92	0.92		0.92	0.06	0.56	0.0	0.73	DTC
DIBS	0.0	0.85	0.91	0.92		-0.09	0.69	0.0	0.86	DIBS
NHTC	0.0	-0.03	0.1	0.06	-0.09		-0.25	0.0	-0.01	NHTC
LQDT	0.0	0.5	0.56	0.56	0.69	-0.25		0.0	0.76	LQDT
EMCMF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	EMCMF
GLBE	0.0	0.6	0.82	0.73	0.86	-0.01	0.76	0.0		GLBE
	OZON	QRTEB	HOUR	DTC	DIBS	NHTC	LQDT	EMCMF	GLBE

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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

DTC	+ 0.92	QRTEB
DTC	+ 0.92	HOUR
DIBS	+ 0.92	DTC
DIBS	+ 0.91	HOUR
GLBE	+ 0.86	DIBS
DIBS	+ 0.85	QRTEB

High negative correlations

LQDT	- 0.25	NHTC
NHTC	- 0.09	DIBS
NHTC	- 0.03	QRTEB
GLBE	- 0.01	NHTC
GLBE	- 0.0	EMCMF
EMCMF	- 0.0	LQDT

Risk-Adjusted Indicators

There is a big difference between ThredUp Stock performing well and ThredUp 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 ThredUp'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
OZON	0.00	0.00	0.00	0.00	0.00	0.00
QRTEB	4.01	(0.63)	3.41	7.87	(9.65)	28.95
HOUR	4.21	(0.57)	(0.65)	7.23	(8.03)	44.81
DTC	6.90	(3.62)	(5.92)	7.78	(14.29)	71.41
DIBS	2.21	(0.55)	(1.17)	3.68	(5.71)	13.08
NHTC	1.66	0.00	(0.16)	3.16	(4.38)	14.87
LQDT	2.06	(0.20)	(0.37)	3.58	(5.06)	17.63
EMCMF	0.00	0.00	0.00	0.00	0.00	0.00
GLBE	2.98	(0.56)	(6.27)	4.52	(8.39)	26.22

ThredUp Corporate Management

James Reinhart	CEO CoFounder	Profile
Allison Hopkins	Chief Officer	Profile
Cora Buel	Chief Officer	Profile
Natalie Breece	Chief Officer	Profile
Danielle Vermeer	Head Commerce	Profile
Noelle Sadler	Chief Officer	Profile
Alon Rotem	Chief Secretary	Profile

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