Qurate Retail Correlations

QRTEA Stock

USD 0.37 0.01 2.78%

The current 90-days correlation between Qurate Retail Series and Qurate Retail is 0.21 (i.e., Modest diversification). The correlation of Qurate Retail 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.

Qurate Retail Correlation With Market

Weak diversification

The correlation between Qurate Retail Series and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Qurate Retail Series and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Qurate Stock

0.64	W	Wayfair	Pair Corr
0.65	YJ	Yunji Inc	Pair Corr
0.88	AEO	American Eagle Outfitters Sell-off Trend	Pair Corr
0.66	ASO	Academy Sports Outdoors Earnings Call This Week	Pair Corr
0.77	DBI	Designer Brands	Pair Corr
0.61	FND	Floor Decor Holdings	Pair Corr
0.71	HVT	Haverty Furniture	Pair Corr

Moving against Qurate Stock

0.67	VSCO	Victorias Secret	Pair Corr
0.59	LB	LandBridge Company	Pair Corr
0.47	WEYS	Weyco Group	Pair Corr
0.44	ABG	Asbury Automotive	Pair Corr
0.35	BBW	Build A Bear Earnings Call This Week	Pair Corr
0.75	GME	GameStop Corp Aggressive Push	Pair Corr
0.73	ELA	Envela Corp	Pair Corr
0.63	JFBR	Jeffs Brands Trending	Pair Corr
0.61	GLBE	Global E Online	Pair Corr
0.6	PETS	PetMed Express	Pair Corr
0.38	EYE	National Vision Holdings	Pair Corr

Related Correlations Analysis

	QRTEP	HOUR	PIK	LQDT	PDD	GLBE	JMIA	VIPS	JD
QRTEP		0.27	-0.24	0.26	0.29	0.18	0.31	0.46	0.24	QRTEP
HOUR	0.27		0.02	0.5	0.37	0.67	-0.17	0.37	0.46	HOUR
PIK	-0.24	0.02		-0.14	-0.06	0.01	-0.01	-0.41	-0.21	PIK
LQDT	0.26	0.5	-0.14		-0.06	0.75	-0.63	0.0	0.07	LQDT
PDD	0.29	0.37	-0.06	-0.06		0.18	0.58	0.76	0.76	PDD
GLBE	0.18	0.67	0.01	0.75	0.18		-0.43	0.27	0.45	GLBE
JMIA	0.31	-0.17	-0.01	-0.63	0.58	-0.43		0.51	0.33	JMIA
VIPS	0.46	0.37	-0.41	0.0	0.76	0.27	0.51		0.9	VIPS
JD	0.24	0.46	-0.21	0.07	0.76	0.45	0.33	0.9		JD
	QRTEP	HOUR	PIK	LQDT	PDD	GLBE	JMIA	VIPS	JD

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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

JD	+ 0.9	VIPS
VIPS	+ 0.76	PDD
JD	+ 0.76	PDD
GLBE	+ 0.75	LQDT
GLBE	+ 0.67	HOUR
JMIA	+ 0.58	PDD

High negative correlations

JMIA	- 0.63	LQDT
JMIA	- 0.43	GLBE
VIPS	- 0.41	PIK
PIK	- 0.24	QRTEP
JD	- 0.21	PIK
JMIA	- 0.17	HOUR

Risk-Adjusted Indicators

There is a big difference between Qurate Stock performing well and Qurate Retail 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 Qurate Retail'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
QRTEP	1.35	(0.06)	(0.02)	0.04	1.94	(1.41)	3.45	(3.23)	9.82
HOUR	2.45	0.21	0.05	0.37	3.46	(2.73)	4.40	(4.82)	42.64
PIK	3.68	0.10	0.01	0.25	5.16	(3.73)	9.28	(7.38)	25.87
LQDT	1.30	0.08	0.08	0.14	1.36	(1.36)	2.88	(2.17)	8.99
PDD	2.89	(0.20)	0.00	(1.74)	0.00	0.00	4.85	(6.03)	29.69
GLBE	1.69	0.45	0.24	0.50	1.39	(1.96)	4.70	(2.91)	9.43
JMIA	3.15	(0.50)	0.00	(0.14)	0.00	0.00	5.64	(6.04)	28.82
VIPS	1.97	0.21	0.08	0.37	2.13	(2.59)	5.40	(4.47)	17.40
JD	2.78	0.34	0.09	0.53	3.20	(3.10)	6.76	(6.99)	23.41

Qurate Retail Corporate Management

Ben Oren	Executive Treasurer	Profile
David Gerbitz	Chief Officer	Profile
Craig Troyer	Deputy VP	Profile
Stacy Bowe	Chief US	Profile
Ian Bailey	Senior Community	Profile

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