Yelp Correlations

YELP Stock

USD 37.34 3.21 7.92%

The current 90-days correlation between Yelp Inc and Shutterstock is 0.22 (i.e., Modest diversification). The correlation of Yelp 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.

Yelp Correlation With Market

Modest diversification

The correlation between Yelp Inc and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Yelp Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Yelp Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Yelp Stock

0.64	OB	Outbrain	Pair Corr
0.63	WB	Weibo Corp	Pair Corr
0.68	YY	YY Inc Class	Pair Corr
0.62	DOYU	DouYu International	Pair Corr
0.69	GOOG	Alphabet Class C	Pair Corr
0.63	META	Meta Platforms Aggressive Push	Pair Corr
0.61	MOMO	Hello Group	Pair Corr
0.62	MTCH	Match Group	Pair Corr

Moving against Yelp Stock

0.63	GIFT	RDE, Inc Symbol Change	Pair Corr
0.55	IAC	IAC Inc	Pair Corr
0.51	MNY	MoneyHero Limited Class	Pair Corr
0.44	FENG	Phoenix New Media	Pair Corr
0.39	MAX	MediaAlpha Earnings Call This Week	Pair Corr
0.39	GETY	Getty Images Holdings	Pair Corr
0.38	SLE	Super League Enterprise	Pair Corr
0.75	RIME	Algorhythm Holdings, Symbol Change	Pair Corr
0.57	IZEA	IZEA Inc	Pair Corr

Related Correlations Analysis

	PINS	SNAP	GOOGL	BIDU	META	SSTK	MTCH	ONFO	TCEHY	TWLO
PINS		-0.12	0.16	0.6	0.88	-0.16	0.59	0.03	0.55	0.76	PINS
SNAP	-0.12		-0.16	-0.15	-0.14	0.56	-0.05	0.33	-0.25	-0.21	SNAP
GOOGL	0.16	-0.16		0.17	0.49	-0.31	0.46	-0.12	-0.05	0.5	GOOGL
BIDU	0.6	-0.15	0.17		0.65	-0.09	0.49	0.24	0.84	0.57	BIDU
META	0.88	-0.14	0.49	0.65		-0.28	0.76	-0.01	0.51	0.92	META
SSTK	-0.16	0.56	-0.31	-0.09	-0.28		-0.31	0.31	-0.17	-0.39	SSTK
MTCH	0.59	-0.05	0.46	0.49	0.76	-0.31		-0.01	0.4	0.84	MTCH
ONFO	0.03	0.33	-0.12	0.24	-0.01	0.31	-0.01		0.26	-0.07	ONFO
TCEHY	0.55	-0.25	-0.05	0.84	0.51	-0.17	0.4	0.26		0.41	TCEHY
TWLO	0.76	-0.21	0.5	0.57	0.92	-0.39	0.84	-0.07	0.41		TWLO
	PINS	SNAP	GOOGL	BIDU	META	SSTK	MTCH	ONFO	TCEHY	TWLO

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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

TWLO	+ 0.92	META
META	+ 0.88	PINS
TCEHY	+ 0.84	BIDU
TWLO	+ 0.84	MTCH
TWLO	+ 0.76	PINS
MTCH	+ 0.76	META

High negative correlations

TWLO	- 0.39	SSTK
MTCH	- 0.31	SSTK
SSTK	- 0.31	GOOGL
SSTK	- 0.28	META
TCEHY	- 0.25	SNAP
TWLO	- 0.21	SNAP

Risk-Adjusted Indicators

There is a big difference between Yelp Stock performing well and Yelp 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 Yelp'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
PINS	1.98	0.47	0.25	(1.40)	1.46	(2.47)	4.75	(3.41)	20.27
SNAP	2.33	(0.12)	0.00	(0.24)	0.00	0.00	5.01	(5.24)	15.79
GOOGL	1.54	0.07	0.03	(3.98)	2.03	(1.57)	3.11	(3.59)	12.88
BIDU	2.08	0.17	0.06	0.32	2.75	(2.03)	5.07	(4.58)	12.45
META	1.22	0.34	0.21	0.81	1.22	(1.31)	3.22	(1.95)	7.11
SSTK	2.40	(0.15)	0.00	(0.51)	0.00	0.00	4.32	(5.04)	25.91
MTCH	1.67	0.22	0.09	0.46	2.07	(1.69)	3.32	(3.30)	14.60
ONFO	4.28	0.34	0.07	0.37	4.79	(4.77)	8.21	(7.27)	29.20
TCEHY	1.56	0.24	0.12	0.81	1.78	(1.84)	3.85	(2.59)	12.78
TWLO	2.06	0.52	0.16	0.50	2.97	(2.39)	3.69	(2.82)	21.34

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