Farfetch Correlations

Summary

FTCHDelisted Stock

USD 5.37 0.13 2.36%

The current 90-days correlation between Farfetch Class and Jumia Technologies AG is 0.02 (i.e., Significant diversification). The correlation of Farfetch 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.

Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Farfetch Stock

0.68	MNPR	Monopar Therapeutics	Pair Corr
0.77	WMT	Walmart Aggressive Push	Pair Corr
0.74	AXP	American Express	Pair Corr
0.85	BA	Boeing	Pair Corr

Moving against Farfetch Stock

0.87	PTITF	PT Indosat Tbk Earnings Call This Week	Pair Corr
0.83	XOM	Exxon Mobil Corp Earnings Call Today	Pair Corr
0.79	JNJ	Johnson Johnson	Pair Corr
0.78	PIFMF	PT Indofood Sukses	Pair Corr
0.77	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.76	HPQ	HP Inc	Pair Corr
0.75	PTAIF	PT Astra International	Pair Corr
0.65	AA	Alcoa Corp	Pair Corr
0.58	TRV	The Travelers Companies	Pair Corr
0.55	PTAIY	Astra International Tbk	Pair Corr
0.54	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.46	TLK	Telkom Indonesia Tbk	Pair Corr
0.44	VZ	Verizon Communications	Pair Corr
0.38	MCD	McDonalds Earnings Call This Week	Pair Corr

Related Correlations Analysis

	JD	BABA	SE	VIPS	JMIA	MELI	PDD	GLBE	BZUN
JD		0.8	-0.15	0.7	0.6	0.39	0.66	-0.2	0.52	JD
BABA	0.8		-0.51	0.8	0.59	0.56	0.89	-0.6	0.38	BABA
SE	-0.15	-0.51		-0.32	-0.33	-0.26	-0.58	0.84	-0.14	SE
VIPS	0.7	0.8	-0.32		0.35	0.42	0.72	-0.41	0.27	VIPS
JMIA	0.6	0.59	-0.33	0.35		0.42	0.45	-0.32	0.45	JMIA
MELI	0.39	0.56	-0.26	0.42	0.42		0.55	-0.57	-0.18	MELI
PDD	0.66	0.89	-0.58	0.72	0.45	0.55		-0.77	0.24	PDD
GLBE	-0.2	-0.6	0.84	-0.41	-0.32	-0.57	-0.77		0.09	GLBE
BZUN	0.52	0.38	-0.14	0.27	0.45	-0.18	0.24	0.09		BZUN
	JD	BABA	SE	VIPS	JMIA	MELI	PDD	GLBE	BZUN

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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

PDD	+ 0.89	BABA
GLBE	+ 0.84	SE
BABA	+ 0.8	JD
VIPS	+ 0.8	BABA
PDD	+ 0.72	VIPS
VIPS	+ 0.7	JD

High negative correlations

GLBE	- 0.77	PDD
GLBE	- 0.6	BABA
PDD	- 0.58	SE
GLBE	- 0.57	MELI
SE	- 0.51	BABA
GLBE	- 0.41	VIPS

Risk-Adjusted Indicators

There is a big difference between Farfetch Stock performing well and Farfetch 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 Farfetch'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
JD	2.43	0.10	0.02	0.27	2.77	(2.83)	5.26	(4.67)	15.67
BABA	1.68	0.09	0.01	0.40	1.94	(1.86)	3.53	(2.86)	11.21
SE	1.78	0.32	0.14	2.63	1.54	(2.17)	4.64	(2.83)	14.60
VIPS	1.70	0.02	(0.02)	0.14	2.05	(1.99)	3.27	(4.11)	15.79
JMIA	3.50	(0.05)	0.00	0.72	0.00	0.00	7.14	(6.25)	28.22
MELI	1.89	(0.07)	0.00	(0.19)	0.00	0.00	4.74	(3.09)	17.52
PDD	1.99	(0.04)	0.00	(4.33)	0.00	0.00	4.40	(5.29)	16.07
GLBE	1.55	0.66	0.40	1.21	0.81	(1.83)	4.27	(2.01)	15.85
BZUN	4.16	0.17	0.03	0.30	4.54	(5.15)	8.63	(7.17)	50.89

Farfetch Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Farfetch stock to make a market-neutral strategy. Peer analysis of Farfetch could also be used in its relative valuation, which is a method of valuing Farfetch by comparing valuation metrics with similar companies.

JD Inc Adr Alibaba Group Holding Sea Vipshop Holdings Limited Jumia Technologies AG MercadoLibre PDD Holdings Global E Online Baozun Inc American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne

Risk & Return

Correlation

Farfetch Corporate Management

James Maynard	Chief Counsel	Profile
Stephanie Phair	Chief Customer Officer	Profile
Susannah Clark	Ex Communications	Profile
Diane Irvine	Non-Executive Independent Director	Profile
Stephanie Horton	Non-Executive Independent Director	Profile
Edward Sabbagh	Chief Board	Profile

Still Interested in Farfetch Ltd Class?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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