Reddit Correlations

RDDT Stock

218.88 4.34 2.02%

The current 90-days correlation between Reddit and Baidu Inc is 0.23 (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

Very poor diversification

The correlation between Reddit and DJI is 0.8 (i.e., Very poor 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

0.8	EB	Eventbrite Class A	Pair Corr
0.67	GOOGL	Alphabet Class A	Pair Corr
0.7	CARS	Cars Inc	Pair Corr
0.61	LBLCF	Loblaw Companies	Pair Corr
0.84	QXO	QXO Inc	Pair Corr
0.86	FIVE	Five Below	Pair Corr
0.63	ZIJMF	Zijin Mining Group	Pair Corr
0.67	LUNR	Intuitive Machines	Pair Corr
0.78	SGML	Sigma Lithium Resources Upward Rally	Pair Corr
0.61	KGC	Kinross Gold Aggressive Push	Pair Corr

Moving against Reddit Stock

0.7	ZOMD	Zoomd Technologies	Pair Corr
0.69	DAR	Darelle Online Solutions Earnings Call This Week	Pair Corr
0.67	YQ	17 Education Technology	Pair Corr
0.65	AUTO	Auto Trader Group	Pair Corr
0.64	YOO	Yangaroo	Pair Corr
0.63	EGLX	Enthusiast Gaming	Pair Corr
0.6	SY	So Young International	Pair Corr
0.51	IPM	Intelligent Protection	Pair Corr
0.37	ATHM	Autohome	Pair Corr
0.36	WBTN	WEBTOON Entertainment	Pair Corr
0.35	BMBL	Bumble Inc	Pair Corr
0.77	AUHIF	Advance United Holdings	Pair Corr

Related Correlations Analysis

	BIDU	TME	LLYVK	LYV	NBIS	PINS	CHT	TWLO	CHTR
BIDU		-0.41	-0.03	0.31	0.13	-0.16	0.15	0.13	-0.29	BIDU
TME	-0.41		0.74	0.46	0.7	0.83	0.61	-0.49	0.86	TME
LLYVK	-0.03	0.74		0.87	0.57	0.86	0.66	-0.36	0.85	LLYVK
LYV	0.31	0.46	0.87		0.51	0.73	0.58	-0.18	0.68	LYV
NBIS	0.13	0.7	0.57	0.51		0.72	0.6	-0.46	0.56	NBIS
PINS	-0.16	0.83	0.86	0.73	0.72		0.67	-0.5	0.87	PINS
CHT	0.15	0.61	0.66	0.58	0.6	0.67		-0.7	0.62	CHT
TWLO	0.13	-0.49	-0.36	-0.18	-0.46	-0.5	-0.7		-0.4	TWLO
CHTR	-0.29	0.86	0.85	0.68	0.56	0.87	0.62	-0.4		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	+ 0.87	LLYVK
CHTR	+ 0.87	PINS
CHTR	+ 0.86	TME
PINS	+ 0.86	LLYVK
CHTR	+ 0.85	LLYVK
PINS	+ 0.83	TME

High negative correlations

TWLO	- 0.7	CHT
TWLO	- 0.5	PINS
TWLO	- 0.49	TME
TWLO	- 0.46	NBIS
TME	- 0.41	BIDU
CHTR	- 0.4	TWLO

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	2.38	0.39	0.15	0.41	2.16	(2.67)	6.07	(4.54)	18.81
TME	1.66	(0.47)	0.00	(1.09)	0.00	0.00	3.54	(4.93)	12.10
LLYVK	1.25	(0.14)	0.00	(0.19)	0.00	0.00	2.42	(2.93)	10.25
LYV	1.48	(0.13)	0.00	(0.12)	0.00	0.00	2.70	(2.61)	11.61
NBIS	4.49	(0.25)	0.00	(0.03)	0.00	0.00	9.60	(7.91)	23.24
PINS	1.93	(0.34)	0.00	(0.79)	0.00	0.00	2.80	(3.31)	25.49
CHT	0.53	(0.05)	0.00	(0.20)	0.00	0.00	1.05	(1.14)	2.99
TWLO	1.98	0.23	0.09	0.37	2.16	(2.09)	3.34	(4.10)	24.75
CHTR	1.53	(0.49)	0.00	(0.31)	0.00	0.00	2.56	(4.25)	8.51

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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