PayPal Holdings Correlations

Stocks . Germany . 
Stock . PayPal Holdings
2PP Stock   84.16  0.52  0.62%   
The current 90-days correlation between PayPal Holdings and Apple Inc is 0.09 (i.e., Significant diversification). The correlation of PayPal Holdings 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.

PayPal Holdings Correlation With Market

Significant diversification

The correlation between PayPal Holdings and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PayPal Holdings and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to PayPal Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PayPal Holdings when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back PayPal Holdings - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling PayPal Holdings to buy it.

Moving together with PayPal Stock

  0.87APC Apple IncPairCorr
  0.87APC Apple IncPairCorr
  0.87APC Apple IncPairCorr
  0.87APC Apple IncPairCorr
  0.87APC Apple IncPairCorr
  0.87APC Apple IncPairCorr
  0.87MSF MicrosoftPairCorr
  0.86MSF MicrosoftPairCorr
  0.86MSF MicrosoftPairCorr
  0.86MSF MicrosoftPairCorr
  0.7RS6 RELIANCE STEEL ALPairCorr
  0.77WX7 Corporate Office ProPairCorr
  0.910XHR Xenia Hotels ResortsPairCorr
  0.892CDA Controladora Vuela CompaaPairCorr
  0.72TSFA Taiwan SemiconductorPairCorr
  0.91EN3 EnbridgePairCorr
  0.93WD5A TRAVEL LEISURE DLPairCorr
  0.882T9A TRAINLINE PLC LSPairCorr
  0.74KOMA KOMATSU LTD SPONSPairCorr
  0.87MSF MicrosoftPairCorr
  0.86FFH Fifth Third BancorpPairCorr
  0.94LIE Sun Life FinancialPairCorr
  0.71C6TB CHINA BANK ADR20PairCorr
  0.9AZ5 AutoZonePairCorr

Moving against PayPal Stock

  0.85SSU Samsung ElectronicsPairCorr
  0.85SSU Samsung ElectronicsPairCorr
  0.8SSUN Samsung ElectronicsPairCorr
  0.78SSUN Samsung ElectronicsPairCorr
  0.69TCID Telkom Indonesia TbkPairCorr
  0.67TCID Telkom Indonesia TbkPairCorr
  0.67PTI Perusahaan PerseroanPairCorr
  0.62TCID Telkom Indonesia TbkPairCorr
  0.82TCID Telkom Indonesia TbkPairCorr
  0.65AXI Atos SEPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between PayPal Stock performing well and PayPal Holdings 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 PayPal Holdings' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
APC  0.90  0.23  0.18  1.20  0.93 
(1.00)
 1.81 
(1.75)
 4.97 
APC  0.84  0.26  0.19  0.93  0.98 
(0.92)
 1.88 
(1.73)
 5.24 
APC  0.85  0.23  0.19  0.68  0.86 
(0.94)
 2.06 
(1.76)
 4.50 
APC  0.92  0.24  0.16  20.15  1.07 
(0.97)
 2.22 
(1.83)
 6.45 
APC  0.91  0.23  0.20  5.09  0.79 
(1.06)
 2.33 
(1.69)
 5.24 
APC  0.85  0.25  0.20  1.43  0.99 
(0.96)
 1.88 
(1.61)
 6.46 
MSF  0.96  0.11  0.07  0.58  1.24 
(1.17)
 2.55 
(1.46)
 8.71 
MSF  1.04  0.09  0.05  1.34  1.36 
(1.18)
 2.35 
(1.75)
 9.11 
MSF  1.00  0.11  0.06  1.06  1.48 
(1.16)
 2.42 
(1.66)
 11.42 
MSF  0.93  0.09  0.04 (9.07) 1.35 
(1.02)
 2.04 
(1.49)
 8.79 

Be your own money manager

Our tools can tell you how much better you can do entering a position in PayPal Holdings without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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PayPal Holdings Corporate Management

Elected by the shareholders, the PayPal Holdings' board of directors comprises two types of representatives: PayPal Holdings inside directors who are chosen from within the company, and outside directors, selected externally and held independent of PayPal. The board's role is to monitor PayPal Holdings' management team and ensure that shareholders' interests are well served. PayPal Holdings' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, PayPal Holdings' outside directors are responsible for providing unbiased perspectives on the board's policies.
Jeffrey KarbowskiChief VPProfile
Jonathan AuerbachGrowth StrategyProfile
Archana DeskusEx OfficerProfile
Alfonso VillanuevaCorp StrategyProfile
Bimal PatelSr CounselProfile
Peggy AlfordEx SalesProfile
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