PetMed Express Correlations

PETS Stock

USD 2.98 0.11 3.56%

The current 90-days correlation between PetMed Express and Cytosorbents Crp is 0.08 (i.e., Significant 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 0.76 (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 poverty.

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

Moving together with PetMed Stock

0.69	ASO	Academy Sports Outdoors	Pair Corr
0.71	BBW	Build A Bear	Pair Corr
0.65	JD	JD Sports Fashion	Pair Corr
0.63	RUM	Rocky Mountain Liquor	Pair Corr
0.77	FIBK	First Interstate Ban	Pair Corr
0.62	YLLXF	Yellow Cake plc	Pair Corr

Moving against PetMed Stock

0.77	LESL	Leslies	Pair Corr
0.75	06S	Sportsmans Warehouse	Pair Corr
0.62	SUL	Super Retail Group	Pair Corr
0.53	BKRKF	PT Bank Rakyat Earnings Call This Week	Pair Corr
0.52	1D2	Beijing Digital Telecom	Pair Corr
0.43	4AH1	PT Ace Hardware	Pair Corr
0.39	AWI	Advent Wireless	Pair Corr
0.35	PTAIF	PT Astra International	Pair Corr
0.33	DSG	DICKS Sporting Goods	Pair Corr
0.89	BROGF	BROGF	Pair Corr

Related Correlations Analysis

	CTSO	ICCM	TELA	RNTX	MDAI	GNTA	BDSX	FBIO	YI	MDCX
CTSO		0.43	0.38	0.49	0.37	0.49	-0.05	-0.34	-0.1	0.37	CTSO
ICCM	0.43		0.57	0.36	0.18	0.79	-0.36	-0.46	-0.38	0.75	ICCM
TELA	0.38	0.57		0.44	0.11	0.74	-0.67	-0.33	-0.71	0.75	TELA
RNTX	0.49	0.36	0.44		0.59	0.58	0.04	-0.62	-0.08	0.54	RNTX
MDAI	0.37	0.18	0.11	0.59		0.38	0.33	-0.28	0.35	0.2	MDAI
GNTA	0.49	0.79	0.74	0.58	0.38		-0.35	-0.66	-0.39	0.91	GNTA
BDSX	-0.05	-0.36	-0.67	0.04	0.33	-0.35		-0.07	0.79	-0.45	BDSX
FBIO	-0.34	-0.46	-0.33	-0.62	-0.28	-0.66	-0.07		-0.09	-0.72	FBIO
YI	-0.1	-0.38	-0.71	-0.08	0.35	-0.39	0.79	-0.09		-0.44	YI
MDCX	0.37	0.75	0.75	0.54	0.2	0.91	-0.45	-0.72	-0.44		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

MDCX	+ 0.91	GNTA
GNTA	+ 0.79	ICCM
YI	+ 0.79	BDSX
MDCX	+ 0.75	ICCM
MDCX	+ 0.75	TELA
GNTA	+ 0.74	TELA

High negative correlations

MDCX	- 0.72	FBIO
YI	- 0.71	TELA
BDSX	- 0.67	TELA
FBIO	- 0.66	GNTA
FBIO	- 0.62	RNTX
FBIO	- 0.46	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	3.64	(0.28)	0.00	(0.19)	0.00	0.00	7.94	(7.41)	29.40
ICCM	2.29	(0.26)	0.00	(0.54)	0.00	0.00	4.35	(5.63)	14.09
TELA	3.08	(0.57)	0.00	(4.87)	0.00	0.00	5.38	(8.42)	22.82
RNTX	4.28	(0.39)	0.00	(0.20)	0.00	0.00	10.74	(8.06)	30.32
MDAI	3.34	(0.49)	0.00	(0.42)	0.00	0.00	6.29	(6.98)	16.55
GNTA	4.02	(1.75)	0.00	(1.60)	0.00	0.00	6.47	(13.33)	33.85
BDSX	6.26	0.95	0.15	16.74	5.55	(8.06)	19.87	(9.42)	62.04
FBIO	3.18	0.38	0.07	(0.60)	4.15	(3.65)	6.63	(6.45)	29.21
YI	4.95	1.10	0.23	3.02	4.07	(7.36)	15.20	(8.04)	47.07
MDCX	3.67	(1.14)	0.00	(1.99)	0.00	0.00	6.22	(8.93)	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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