Redbubble Correlations
| RDBBF Stock | USD 0.14 0.03 17.65% |
The current 90-days correlation between Redbubble Limited and 1StdibsCom is -0.31 (i.e., Very 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
Very good diversification
The correlation between Redbubble Limited and DJI is -0.24 (i.e., Very 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.
Redbubble |
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
| 0.66 | BABAF | Alibaba Group Holding Earnings Call This Week | PairCorr |
| 0.63 | BABA | Alibaba Group Holding Earnings Call This Week | PairCorr |
| 0.71 | PDD | PDD Holdings | PairCorr |
| 0.79 | MPNGF | Meituan | PairCorr |
| 0.8 | MPNGY | Meituan ADR | PairCorr |
| 0.69 | MELI | MercadoLibre | PairCorr |
Moving against Redbubble Pink Sheet
| 0.84 | OAKC | Oakworth Capital | PairCorr |
| 0.81 | AMZN | Amazon Inc Earnings Call This Week | PairCorr |
| 0.71 | RUM | Rumble Inc | PairCorr |
| 0.63 | SE | Sea | PairCorr |
| 0.59 | GLABF | Gemina Laboratories | PairCorr |
| 0.85 | YPF | YPF Sociedad Anonima | PairCorr |
| 0.79 | EAT | Brinker International Trending | PairCorr |
| 0.78 | NBIS | Nebius Group NV Symbol Change | PairCorr |
| 0.75 | SQ | SQ Old Symbol Change | PairCorr |
| 0.63 | ISRG | Intuitive Surgical | PairCorr |
| 0.42 | AUGG | Augusta Gold Corp | PairCorr |
| 0.39 | HEES | HE Equipment Services | PairCorr |
| 0.85 | 62878U2A9 | NBNAUS 145 05 | PairCorr |
| 0.75 | DXCM | DexCom Inc Earnings Call This Week | PairCorr |
| 0.69 | PYPL | PayPal Holdings Earnings Call This Week | PairCorr |
| 0.65 | GBDC | Golub Capital BDC Earnings Call This Week | PairCorr |
| 0.62 | NVMI | Nova | PairCorr |
| 0.59 | 898339AA4 | FUNOTR 4869 15 | PairCorr |
| 0.57 | TNXP | Tonix Pharmaceuticals | PairCorr |
| 0.47 | DVAX | Dynavax Technologies | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PXHI | 1.92 | 0.28 | 0.01 | (0.19) | 2.64 | 8.49 | 23.65 | |||
| DELHY | 2.53 | (0.79) | 0.00 | (3.30) | 0.00 | 4.30 | 16.97 | |||
| DIBS | 1.73 | (0.23) | 0.00 | (0.36) | 0.00 | 3.06 | 13.01 | |||
| NHTC | 2.24 | (0.32) | 0.00 | (0.24) | 0.00 | 4.71 | 13.08 | |||
| MONOY | 1.86 | 0.22 | 0.09 | 0.53 | 1.80 | 4.21 | 14.11 | |||
| HOUR | 8.42 | 2.28 | 0.31 | (40.04) | 5.56 | 12.33 | 228.92 | |||
| LQDT | 2.00 | 0.84 | 0.34 | 1.17 | 1.54 | 4.20 | 37.17 | |||
| QRTEB | 4.01 | (0.40) | 0.00 | 0.50 | 0.00 | 9.00 | 25.39 |
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.Did you try this?
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Redbubble Corporate Management
| Brett Watson | Chief Officer | Profile | |
| Emma Clark | Ex Officer | Profile | |
| Mark Hall | Interim Officer | Profile | |
| Martin Hosking | CoFounder Director | Profile | |
| Corina Davis | Chief Devel | Profile | |
| Georg Friedrich | VP Engineering | Profile | |
| Peter Kopanidis | Investor Officer | Profile |