Reddit Correlations

RDDT Stock

139.65 8.58 6.55%

The current 90-days correlation between Reddit and Baidu Inc is 0.28 (i.e., Modest diversification). The correlation of Reddit 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.

Reddit Correlation With Market

Good diversification

The correlation between Reddit and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Reddit and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Reddit Stock

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

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

Moving together with Reddit Stock

0.76	TWH	Twilio Inc	Pair Corr
0.73	2V8	Opera Limited	Pair Corr
0.86	EVER	EverQuote Class A Earnings Call Next Week	Pair Corr
0.86	GTM	ZoomInfo Technologies Earnings Call Next Week	Pair Corr
0.63	JFU	9F Inc	Pair Corr
0.76	MAX	MediaAlpha Earnings Call This Week	Pair Corr
0.72	1SI	Snap Inc	Pair Corr
0.85	Y9L	Yelp Inc	Pair Corr
0.72	SST	System1	Pair Corr
0.72	1SI	Snap Inc	Pair Corr

Moving against Reddit Stock

0.73	DHX	DHI Group Tech Boost	Pair Corr
0.62	PU11	Social Chain	Pair Corr
0.51	SY	So Young International Downward Rally	Pair Corr
0.73	GITS	Global Interactive	Pair Corr

Related Correlations Analysis

	BIDU	TME	LLYVK	LYV	NBIS	PINS	CHT	TWLO	CHTR
BIDU		-0.57	0.33	0.67	0.35	-0.29	0.56	-0.16	-0.01	BIDU
TME	-0.57		-0.18	-0.46	0.19	0.63	-0.18	0.36	-0.22	TME
LLYVK	0.33	-0.18		0.82	0.07	-0.34	0.38	0.01	0.49	LLYVK
LYV	0.67	-0.46	0.82		0.21	-0.38	0.41	0.02	0.41	LYV
NBIS	0.35	0.19	0.07	0.21		0.3	0.33	0.0	-0.31	NBIS
PINS	-0.29	0.63	-0.34	-0.38	0.3		-0.27	0.67	-0.6	PINS
CHT	0.56	-0.18	0.38	0.41	0.33	-0.27		-0.37	-0.05	CHT
TWLO	-0.16	0.36	0.01	0.02	0.0	0.67	-0.37		-0.29	TWLO
CHTR	-0.01	-0.22	0.49	0.41	-0.31	-0.6	-0.05	-0.29		CHTR
	BIDU	TME	LLYVK	LYV	NBIS	PINS	CHT	TWLO	CHTR

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

LYV	+ 0.82	LLYVK
LYV	+ 0.67	BIDU
TWLO	+ 0.67	PINS
PINS	+ 0.63	TME
CHT	+ 0.56	BIDU
CHTR	+ 0.49	LLYVK

High negative correlations

CHTR	- 0.6	PINS
TME	- 0.57	BIDU
LYV	- 0.46	TME
PINS	- 0.38	LYV
TWLO	- 0.37	CHT
PINS	- 0.34	LLYVK

Risk-Adjusted Indicators

There is a big difference between Reddit Stock performing well and Reddit 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 Reddit'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
BIDU	2.31	0.03	0.01	0.09	2.70	(2.42)	6.07	(4.71)	19.80
TME	1.79	(0.48)	0.00	(0.64)	0.00	0.00	3.75	(5.61)	15.93
LLYVK	1.31	0.07	0.03	0.16	1.48	(1.43)	3.53	(2.88)	8.17
LYV	1.47	0.11	0.06	0.19	1.45	(1.74)	3.14	(2.61)	9.33
NBIS	4.72	(0.16)	0.00	(0.01)	0.00	0.00	9.60	(8.68)	24.90
PINS	2.03	(0.86)	0.00	(0.89)	0.00	0.00	2.76	(5.59)	12.52
CHT	0.52	(0.01)	(0.08)	0.00	0.69	(0.53)	0.84	(1.14)	2.82
TWLO	2.10	(0.24)	0.00	(0.20)	0.00	0.00	4.10	(5.24)	14.05
CHTR	1.73	0.13	0.07	0.16	2.01	(1.90)	4.26	(3.82)	10.49

Reddit Corporate Management

Jim Squires	EVP Orgs	Profile
Fredrick Lee	Chief Officer	Profile
Anna Soellner	Vice Communications	Profile
Christopher Slowe	Chief Officer	Profile
Michelle Reynolds	Chief Officer	Profile

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