Overstock Correlations

0KDU Stock

6.34 0.51 8.75%

The current 90-days correlation between Overstock and Kaufman Et Broad is -0.05 (i.e., Good diversification). The correlation of Overstock 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.

Overstock Correlation With Market

Average diversification

The correlation between Overstock and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Overstock and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Overstock could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Overstock when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Overstock - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Overstock to buy it.

Moving together with Overstock Stock

0.8

0HRR

CVR Energy

Pair Corr

Moving against Overstock Stock

0.87	0I9F	Digital Realty Trust	Pair Corr
0.68	0K7U	News Corp Cl	Pair Corr
0.47	0KIT	Pinnacle West Capital	Pair Corr

Related Correlations Analysis

	0F07	0J66	0HPW	0GA3	IHG	0XVE	0YXG	SPT
0F07		0.28	0.49	0.34	0.53	-0.6	0.61	-0.31	0F07
0J66	0.28		0.32	0.35	0.45	0.02	0.7	-0.35	0J66
0HPW	0.49	0.32		0.14	0.9	-0.07	0.42	-0.28	0HPW
0GA3	0.34	0.35	0.14		0.18	-0.06	0.54	-0.07	0GA3
IHG	0.53	0.45	0.9	0.18		-0.28	0.5	-0.57	IHG
0XVE	-0.6	0.02	-0.07	-0.06	-0.28		-0.22	0.43	0XVE
0YXG	0.61	0.7	0.42	0.54	0.5	-0.22		-0.26	0YXG
SPT	-0.31	-0.35	-0.28	-0.07	-0.57	0.43	-0.26		SPT
	0F07	0J66	0HPW	0GA3	IHG	0XVE	0YXG	SPT

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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

IHG	+ 0.9	0HPW
0YXG	+ 0.7	0J66
0YXG	+ 0.61	0F07
0YXG	+ 0.54	0GA3
IHG	+ 0.53	0F07
0YXG	+ 0.5	IHG

High negative correlations

0XVE	- 0.6	0F07
SPT	- 0.57	IHG
SPT	- 0.35	0J66
SPT	- 0.31	0F07
0XVE	- 0.28	IHG
SPT	- 0.28	0HPW

Risk-Adjusted Indicators

There is a big difference between Overstock Stock performing well and Overstock 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 Overstock'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
0F07	1.30	0.06	(0.02)	0.39	1.64	(1.40)	3.02	(2.50)	8.79
0J66	1.18	(0.08)	(0.04)	0.05	1.26	(1.42)	3.06	(2.14)	6.33
0HPW	0.68	0.10	0.02	0.41	0.65	(0.72)	1.63	(1.45)	4.69
0GA3	1.55	0.07	(0.01)	1.47	1.85	(4.34)	3.85	(3.70)	14.67
IHG	0.78	0.29	0.29	0.43	0.27	(0.90)	1.86	(1.40)	5.57
0XVE	2.22	(0.19)	0.00	(0.09)	0.00	0.00	4.76	(3.75)	15.22
0YXG	2.03	(0.15)	(0.03)	0.01	3.25	(1.80)	4.02	(4.36)	12.36
SPT	0.54	(0.10)	0.00	(0.27)	0.00	0.00	1.17	(1.07)	3.18

Be your own money manager

Our tools can tell you how much better you can do entering a position in Overstock without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Overstock Corporate Management

Elected by the shareholders, the Overstock's board of directors comprises two types of representatives: Overstock inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Overstock. The board's role is to monitor Overstock's management team and ensure that shareholders' interests are well served. Overstock's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Overstock's outside directors are responsible for providing unbiased perspectives on the board's policies.

Adrianne Lee	Chief Officer	Profile
Tushon Robinson	Chief Officer	Profile
Umesh Mangamuru	Vice Technology	Profile
Eric Nickle	Corporate Secretary	Profile
Chandra Holt	CoPrincipal Beyond	Profile

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