ATRenew Correlations

RERE Stock

USD 2.80 0.34 13.82%

The current 90-days correlation between ATRenew Inc DRC and Qurate Retail Series is 0.09 (i.e., Significant diversification). The correlation of ATRenew 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.

ATRenew Correlation With Market

Significant diversification

The correlation between ATRenew Inc DRC and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ATRenew Inc DRC and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ATRenew Inc DRC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with ATRenew Stock

0.72	JD	JD Inc Adr Aggressive Push	Pair Corr
0.75	VIPS	Vipshop Holdings	Pair Corr

Moving against ATRenew Stock

0.49	FL	Foot Locker Earnings Call This Week	Pair Corr
0.43	ETSY	Etsy Inc	Pair Corr
0.32	AKA	AKA Brands Holding	Pair Corr
0.32	DKS	Dicks Sporting Goods	Pair Corr

Related Correlations Analysis

	OZON	QRTEB	HOUR	DTC	DIBS	BZUN	PIK	LITB	NHTC	LQDT
OZON		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	OZON
QRTEB	0.0		-0.32	0.58	0.7	0.14	-0.13	0.55	0.21	-0.49	QRTEB
HOUR	0.0	-0.32		-0.64	-0.65	0.3	0.02	-0.53	-0.66	0.5	HOUR
DTC	0.0	0.58	-0.64		0.77	-0.2	0.03	0.65	0.63	-0.44	DTC
DIBS	0.0	0.7	-0.65	0.77		-0.2	0.0	0.76	0.59	-0.59	DIBS
BZUN	0.0	0.14	0.3	-0.2	-0.2		-0.19	-0.34	-0.76	-0.19	BZUN
PIK	0.0	-0.13	0.02	0.03	0.0	-0.19		0.03	0.17	-0.14	PIK
LITB	0.0	0.55	-0.53	0.65	0.76	-0.34	0.03		0.6	-0.39	LITB
NHTC	0.0	0.21	-0.66	0.63	0.59	-0.76	0.17	0.6		-0.19	NHTC
LQDT	0.0	-0.49	0.5	-0.44	-0.59	-0.19	-0.14	-0.39	-0.19		LQDT
	OZON	QRTEB	HOUR	DTC	DIBS	BZUN	PIK	LITB	NHTC	LQDT

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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

DIBS	+ 0.77	DTC
LITB	+ 0.76	DIBS
DIBS	+ 0.7	QRTEB
LITB	+ 0.65	DTC
NHTC	+ 0.63	DTC
NHTC	+ 0.6	LITB

High negative correlations

NHTC	- 0.76	BZUN
NHTC	- 0.66	HOUR
DIBS	- 0.65	HOUR
DTC	- 0.64	HOUR
LQDT	- 0.59	DIBS
LITB	- 0.53	HOUR

Risk-Adjusted Indicators

There is a big difference between ATRenew Stock performing well and ATRenew 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 ATRenew'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
OZON	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
QRTEB	3.57	(0.33)	0.00	(0.33)	0.00	0.00	9.00	(6.62)	27.73
HOUR	2.45	0.21	0.05	0.37	3.46	(2.73)	4.40	(4.82)	42.64
DTC	2.94	(0.60)	0.00	(0.31)	0.00	0.00	6.85	(6.38)	19.35
DIBS	1.56	(0.28)	0.00	(0.16)	0.00	0.00	3.28	(3.99)	12.87
BZUN	3.26	0.20	0.04	0.37	3.91	(3.53)	7.67	(6.61)	27.28
PIK	3.68	0.10	0.01	0.25	5.16	(3.73)	9.28	(7.38)	25.87
LITB	5.64	(0.07)	0.00	0.27	0.00	0.00	13.61	(8.89)	69.81
NHTC	1.57	(0.28)	0.00	(0.83)	0.00	0.00	2.85	(3.33)	13.19
LQDT	1.30	0.08	0.08	0.14	1.36	(1.36)	2.88	(2.17)	8.99

ATRenew Corporate Management

Chen Chen	Compliance CFO	Profile
Jeremy Ji	Director Relations	Profile
Xuefeng Kerry	Chairman Cofounder	Profile
Wang Yongliang	Pres Director	Profile

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