Redfin Corp Correlations
| RDFNDelisted Stock | USD 11.19 0.18 1.58% |
The current 90-days correlation between Redfin Corp and Anywhere Real Estate is -0.11 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Redfin Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Redfin Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Redfin Corp Correlation With Market
Poor diversification
The correlation between Redfin Corp and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Redfin Corp and DJI in the same portfolio, assuming nothing else is changed.
Redfin |
Moving together with Redfin Stock
| 0.65 | JNJ | Johnson Johnson | PairCorr |
| 0.63 | INTC | Intel Earnings Call Tomorrow | PairCorr |
| 0.78 | AA | Alcoa Corp Downward Rally | PairCorr |
| 0.81 | BA | Boeing Earnings Call Today | PairCorr |
| 0.64 | MRK | Merck Company Earnings Call This Week | PairCorr |
| 0.63 | CVX | Chevron Corp Earnings Call This Week | PairCorr |
Moving against Redfin Stock
| 0.78 | PBCRY | Bank Central Asia | PairCorr |
| 0.57 | T | ATT Inc Earnings Call Tomorrow | PairCorr |
| 0.49 | MSFT | Microsoft Earnings Call Tomorrow | PairCorr |
| 0.47 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.45 | PBCRF | PT Bank Central | PairCorr |
Related Correlations Analysis
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 Redfin Stock performing well and Redfin Corp 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 Redfin Corp'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HOUS | 2.57 | 0.85 | 0.36 | 3.74 | 1.49 | 6.95 | 14.45 | |||
| PGRU | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NYMT | 1.32 | 0.13 | 0.04 | 1.09 | 1.64 | 2.82 | 8.91 | |||
| CLNY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RTL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ELME | 3.37 | (1.41) | 0.00 | 1.21 | 0.00 | 3.25 | 85.22 | |||
| CLNC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| QK | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AFIN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SCCC | 0.30 | (0.02) | (0.13) | (0.04) | 0.38 | 0.70 | 2.45 |
Redfin Corp Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Redfin Corp stock to make a market-neutral strategy. Peer analysis of Redfin Corp could also be used in its relative valuation, which is a method of valuing Redfin Corp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Redfin Corp Corporate Management
| Jonathan Ziglar | LLC RentPath | Profile | |
| Jason Aleem | Chief Services | Profile | |
| Brett McGovern | Chief Loans | Profile | |
| Christian Taubman | Chief Officer | Profile | |
| Anna Stevens | Chief Officer | Profile |
Still Interested in Redfin Corp?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.