Redbubble Correlations

RDBBF Stock

USD 0.22 0.01 4.76%

The current 90-days correlation between Redbubble Limited and 1StdibsCom is -0.07 (i.e., Good diversification). The correlation of Redbubble 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.

Redbubble Correlation With Market

Good diversification

The correlation between Redbubble Limited and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Redbubble Limited and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Redbubble could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Redbubble when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Redbubble - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Redbubble Limited to buy it.

Moving together with Redbubble Pink Sheet

0.68

LNDNF

Lundin Energy AB

Pair Corr

Moving against Redbubble Pink Sheet

0.79	AMZN	Amazon Inc	Pair Corr
0.77	ALAB	Astera Labs, Common Tech Boost	Pair Corr
0.76	MRVL	Marvell Technology Earnings Call This Week	Pair Corr
0.74	CRWD	Crowdstrike Holdings Earnings Call This Week	Pair Corr
0.74	ADSK	Autodesk	Pair Corr
0.73	NVDA	NVIDIA	Pair Corr
0.72	STLD	Steel Dynamics Fiscal Year End 28th of January 2025	Pair Corr
0.68	GM	General Motors Aggressive Push	Pair Corr
0.68	ZM	Zoom Video Communications Earnings Call This Week	Pair Corr
0.62	SE	Sea	Pair Corr
0.59	RCAT	Red Cat Holdings Trending	Pair Corr
0.41	MPNGY	Meituan ADR Earnings Call This Week	Pair Corr
0.4	APLD	Applied Blockchain Trending	Pair Corr
0.38	MPNGF	Meituan Earnings Call This Week	Pair Corr

Related Correlations Analysis

	DELHY	DIBS	NHTC	MONOY	HOUR	LQDT	QRTEB
DELHY		-0.66	-0.85	-0.17	0.52	0.18	-0.39	DELHY
DIBS	-0.66		0.59	0.07	-0.67	-0.62	0.72	DIBS
NHTC	-0.85	0.59		0.23	-0.66	-0.18	0.25	NHTC
MONOY	-0.17	0.07	0.23		-0.11	0.51	-0.02	MONOY
HOUR	0.52	-0.67	-0.66	-0.11		0.44	-0.33	HOUR
LQDT	0.18	-0.62	-0.18	0.51	0.44		-0.53	LQDT
QRTEB	-0.39	0.72	0.25	-0.02	-0.33	-0.53		QRTEB
	DELHY	DIBS	NHTC	MONOY	HOUR	LQDT	QRTEB

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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

QRTEB	+ 0.72	DIBS
NHTC	+ 0.59	DIBS
HOUR	+ 0.52	DELHY
LQDT	+ 0.51	MONOY
LQDT	+ 0.44	HOUR
QRTEB	+ 0.25	NHTC

High negative correlations

NHTC	- 0.85	DELHY
HOUR	- 0.67	DIBS
HOUR	- 0.66	NHTC
DIBS	- 0.66	DELHY
LQDT	- 0.62	DIBS
QRTEB	- 0.53	LQDT

Risk-Adjusted Indicators

There is a big difference between Redbubble Pink Sheet performing well and Redbubble 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 Redbubble'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
DELHY	2.61	0.87	0.27	(1.06)	2.06	(3.14)	6.84	(3.42)	16.41
DIBS	1.53	(0.33)	0.00	(0.18)	0.00	0.00	3.16	(3.99)	12.87
NHTC	1.57	(0.25)	0.00	6.18	0.00	0.00	2.85	(3.33)	13.19
MONOY	2.21	(0.03)	(0.04)	(0.04)	2.64	(2.43)	4.45	(4.49)	14.11
HOUR	2.45	0.31	0.04	(0.99)	3.46	(2.73)	4.40	(4.82)	42.64
LQDT	1.30	0.07	0.08	0.15	1.36	(1.38)	2.88	(2.17)	9.34
QRTEB	3.55	(0.31)	0.00	(0.29)	0.00	0.00	9.00	(6.62)	27.73

Be your own money manager

Our tools can tell you how much better you can do entering a position in Redbubble without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Redbubble Corporate Management

Brett Watson	Chief Officer	Profile
Emma Clark	Ex Officer	Profile
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