| CPNG Stock | | | USD 24.32 0.32 1.33% |
The current 90-days correlation between Coupang LLC and Sea is 0.14 (i.e., Average diversification). The correlation of Coupang LLC 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.
Coupang LLC Correlation With Market
Good diversification
The correlation between Coupang LLC and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Coupang LLC and DJI in the same portfolio, assuming nothing else is changed.
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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 | VIPS | | W | | CHWY | | SE | | VIPS | | SE | | VIPS | | CHWY |
| | High negative correlations |
Risk-Adjusted IndicatorsThere is a big difference between Coupang Stock performing well and Coupang LLC 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 Coupang LLC'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.