PetMed Express Correlations

PETS Stock

USD 2.74 0.01 0.36%

The current 90-days correlation between PetMed Express and Cytosorbents Crp is 0.12 (i.e., Average diversification). The correlation of PetMed Express 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.

PetMed Express Correlation With Market

Poor diversification

The correlation between PetMed Express and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PetMed Express and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with PetMed Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PetMed Express. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For more information on how to buy PetMed Stock please use our How to Invest in PetMed Express guide.

Moving together with PetMed Stock

0.7

WRBY

Warby Parker

Pair Corr

Moving against PetMed Stock

0.49	FTEL	Fitell Ordinary	Pair Corr
0.33	4AH1	PT Ace Hardware	Pair Corr
0.58	BUY	Best Buy Earnings Call This Week	Pair Corr
0.49	1D2	Beijing Digital Telecom	Pair Corr
0.38	MRX	Mister Spex SE	Pair Corr
0.32	SIG	Signet Jewelers	Pair Corr

Related Correlations Analysis

	CTSO	ICCM	TELA	RNTX	MDAI	GNTA	BDSX	FBIO	YI	MDCX
CTSO		0.55	0.35	0.45	0.06	0.61	-0.12	-0.48	-0.27	0.58	CTSO
ICCM	0.55		0.84	0.57	0.25	0.89	-0.72	-0.2	-0.79	0.8	ICCM
TELA	0.35	0.84		0.54	0.08	0.86	-0.85	-0.14	-0.95	0.84	TELA
RNTX	0.45	0.57	0.54		0.47	0.67	-0.28	-0.58	-0.45	0.64	RNTX
MDAI	0.06	0.25	0.08	0.47		0.17	0.0	-0.17	-0.05	0.02	MDAI
GNTA	0.61	0.89	0.86	0.67	0.17		-0.64	-0.38	-0.81	0.89	GNTA
BDSX	-0.12	-0.72	-0.85	-0.28	0.0	-0.64		-0.1	0.89	-0.6	BDSX
FBIO	-0.48	-0.2	-0.14	-0.58	-0.17	-0.38	-0.1		-0.02	-0.46	FBIO
YI	-0.27	-0.79	-0.95	-0.45	-0.05	-0.81	0.89	-0.02		-0.75	YI
MDCX	0.58	0.8	0.84	0.64	0.02	0.89	-0.6	-0.46	-0.75		MDCX
	CTSO	ICCM	TELA	RNTX	MDAI	GNTA	BDSX	FBIO	YI	MDCX

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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

GNTA	+ 0.89	ICCM
MDCX	+ 0.89	GNTA
YI	+ 0.89	BDSX
GNTA	+ 0.86	TELA
TELA	+ 0.84	ICCM
MDCX	+ 0.84	TELA

High negative correlations

YI	- 0.95	TELA
BDSX	- 0.85	TELA
YI	- 0.81	GNTA
YI	- 0.79	ICCM
MDCX	- 0.75	YI
BDSX	- 0.72	ICCM

Risk-Adjusted Indicators

There is a big difference between PetMed Stock performing well and PetMed Express 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 PetMed Express' 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
CTSO	3.31	0.13	0.02	0.22	3.93	(4.40)	7.58	(7.41)	29.40
ICCM	2.28	(0.30)	0.00	(0.09)	0.00	0.00	4.35	(5.63)	14.72
TELA	2.63	(0.40)	0.00	21.90	0.00	0.00	5.38	(5.61)	15.38
RNTX	3.55	(0.42)	0.00	(0.20)	0.00	0.00	8.41	(6.76)	22.23
MDAI	2.88	(0.07)	(0.02)	0.02	3.45	(3.21)	6.29	(6.87)	17.06
GNTA	4.29	(0.64)	0.00	(2.49)	0.00	0.00	8.70	(13.33)	33.85
BDSX	5.74	1.64	0.26	(1.70)	4.82	(7.04)	13.20	(6.77)	62.04
FBIO	3.51	0.33	0.10	0.21	4.13	(4.14)	10.11	(6.45)	29.21
YI	5.08	1.48	0.30	49.80	3.95	(7.16)	15.20	(8.04)	47.07
MDCX	4.02	(0.38)	0.00	(43.13)	0.00	0.00	7.32	(7.77)	21.20

PetMed Express Corporate Management

Mark Moseley	Chief Officer	Profile
Carla Dodds	Chief Officer	Profile
Douglas Krulik	Principal Officer	Profile
Matthew Hulett	Pres CEO	Profile
Umesh Sripad	Chief Officer	Profile
Christine Chambers	Treasurer Secretary	Profile

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