ThredUp Correlations

TDUP Stock

USD 4.59 0.19 3.97%

The current 90-days correlation between ThredUp and ATRenew Inc DRC is 0.25 (i.e., Modest diversification). The correlation of ThredUp 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.

ThredUp Correlation With Market

Excellent diversification

The correlation between ThredUp and DJI is -0.66 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ThredUp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ThredUp Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ThredUp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

To learn how to invest in ThredUp Stock, please use our How to Invest in ThredUp guide.

Moving together with ThredUp Stock

0.74	PMV	Premier Investments	Pair Corr
0.82	GRAB	Grab Holdings	Pair Corr
0.64	NIO	Nio Class A Buyout Trend	Pair Corr

Moving against ThredUp Stock

0.87	ABEV	Ambev SA ADR Earnings Call This Week	Pair Corr
0.83	SECVY	Seche Environnement	Pair Corr
0.82	RILYL	B Riley Financial	Pair Corr
0.8	OBYCF	Obayashi Earnings Call This Week	Pair Corr
0.67	BNKHF	BOC Hong Kong	Pair Corr
0.61	F	Ford Motor	Pair Corr
0.44	NFG	National Fuel Gas	Pair Corr

Related Correlations Analysis

	RERE	SBH	NEGG	TRS	WINA	PZZA	TILE	MBC	ARCO	EVGO
RERE		0.53	-0.81	0.61	0.61	-0.68	0.86	0.57	0.69	-0.35	RERE
SBH	0.53		-0.34	0.33	0.42	-0.35	0.65	0.54	0.59	-0.16	SBH
NEGG	-0.81	-0.34		-0.59	-0.4	0.7	-0.74	-0.39	-0.58	0.59	NEGG
TRS	0.61	0.33	-0.59		0.04	-0.11	0.53	0.61	0.36	0.06	TRS
WINA	0.61	0.42	-0.4	0.04		-0.64	0.74	0.48	0.62	-0.23	WINA
PZZA	-0.68	-0.35	0.7	-0.11	-0.64		-0.75	-0.22	-0.7	0.69	PZZA
TILE	0.86	0.65	-0.74	0.53	0.74	-0.75		0.72	0.85	-0.36	TILE
MBC	0.57	0.54	-0.39	0.61	0.48	-0.22	0.72		0.55	0.25	MBC
ARCO	0.69	0.59	-0.58	0.36	0.62	-0.7	0.85	0.55		-0.34	ARCO
EVGO	-0.35	-0.16	0.59	0.06	-0.23	0.69	-0.36	0.25	-0.34		EVGO
	RERE	SBH	NEGG	TRS	WINA	PZZA	TILE	MBC	ARCO	EVGO

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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

TILE	+ 0.86	RERE
ARCO	+ 0.85	TILE
TILE	+ 0.74	WINA
MBC	+ 0.72	TILE
PZZA	+ 0.7	NEGG
ARCO	+ 0.69	RERE

High negative correlations

NEGG	- 0.81	RERE
TILE	- 0.75	PZZA
TILE	- 0.74	NEGG
ARCO	- 0.7	PZZA
PZZA	- 0.68	RERE
PZZA	- 0.64	WINA

Risk-Adjusted Indicators

There is a big difference between ThredUp Stock performing well and ThredUp 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 ThredUp'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
RERE	2.13	0.59	0.21	1.16	2.19	(2.35)	6.33	(3.25)	13.61
SBH	2.00	0.19	0.07	0.22	2.59	(1.98)	4.55	(4.37)	11.38
NEGG	4.45	(0.71)	0.00	(0.27)	0.00	0.00	8.40	(8.60)	37.88
TRS	1.21	(0.07)	0.00	(0.03)	0.00	0.00	2.27	(3.15)	8.40
WINA	1.69	0.12	0.04	0.36	2.10	(1.69)	3.40	(3.09)	9.64
PZZA	1.90	(0.59)	0.00	(1.44)	0.00	0.00	4.41	(4.91)	11.95
TILE	1.26	0.27	0.16	0.24	1.52	(1.42)	2.93	(2.25)	8.15
MBC	2.02	0.02	0.02	0.07	3.03	(2.34)	5.50	(3.83)	15.86
ARCO	1.44	0.26	0.21	0.25	1.12	(1.99)	4.36	(2.05)	8.77
EVGO	2.64	(0.43)	0.00	(0.20)	0.00	0.00	5.84	(5.71)	16.24

ThredUp Corporate Management

Kristen Brophy	Senior Marketing	Profile
James Reinhart	CEO CoFounder	Profile
Allison Hopkins	Chief Officer	Profile
Cora Buel	Chief Officer	Profile
Natalie Breece	Chief Officer	Profile
Danielle Vermeer	Head Commerce	Profile
Noelle Sadler	Chief Officer	Profile

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