Correlation Between Coupang LLC and QVC

Can any of the company-specific risk be diversified away by investing in both Coupang LLC and QVC at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Coupang LLC and QVC into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Coupang LLC and QVC Group, you can compare the effects of market volatilities on Coupang LLC and QVC and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Coupang LLC with a short position of QVC. Check out your portfolio center. Please also check ongoing floating volatility patterns of Coupang LLC and QVC.

Diversification Opportunities for Coupang LLC and QVC

0.58

Correlation Coefficient

Coupang LLC  QVC

Very weak diversification

The 3 months correlation between Coupang and QVC is 0.58. Overlapping area represents the amount of risk that can be diversified away by holding Coupang LLC and QVC Group in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on QVC Group and Coupang LLC is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Coupang LLC are associated (or correlated) with QVC. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of QVC Group has no effect on the direction of Coupang LLC i.e., Coupang LLC and QVC go up and down completely randomly.

Pair Corralation between Coupang LLC and QVC

Given the investment horizon of 90 days Coupang LLC is expected to generate 0.39 times more return on investment than QVC. However, Coupang LLC is 2.55 times less risky than QVC. It trades about 0.07 of its potential returns per unit of risk. QVC Group is currently generating about -0.01 per unit of risk. If you would invest  2,963  in Coupang LLC on August 3, 2025 and sell it today you would earn a total of  234.00  from holding Coupang LLC or generate 7.9% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Weak
Accuracy	100.0%
Values	Daily Returns

Coupang LLC  vs.  QVC Group

Coupang LLC

Risk-Adjusted Performance

Mild

Compared to the overall equity markets, risk-adjusted returns on investments in Coupang LLC are ranked lower than 5 (%) of all global equities and portfolios over the last 90 days. Despite nearly unsteady basic indicators, Coupang LLC may actually be approaching a critical reversion point that can send shares even higher in December 2025.

QVC Group

Risk-Adjusted Performance

Weakest

Over the last 90 days QVC Group has generated negative risk-adjusted returns adding no value to investors with long positions. Even with relatively invariable technical and fundamental indicators, QVC is not utilizing all of its potentials. The latest stock price agitation, may contribute to short-term losses for the retail investors.

Pair Trading with Coupang LLC and QVC

The main advantage of trading using opposite Coupang LLC and QVC positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Coupang LLC position performs unexpectedly, QVC can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in QVC will offset losses from the drop in QVC's long position.

The idea behind Coupang LLC and QVC Group pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.