Coupang LLC Correlations

Stocks . USA . 
Stock . Coupang LLC
CPNG Stock  USD 25.36  0.11  0.43%   
The current 90-days correlation between Coupang LLC and JD Inc Adr is 0.18 (i.e., Average diversification). The correlation of Coupang LLC 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.

Coupang LLC Correlation With Market

Good diversification

The correlation between Coupang LLC and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Coupang LLC and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Coupang LLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
For more detail on how to invest in Coupang Stock please use our How to Invest in Coupang LLC guide.

Moving together with Coupang Stock

  0.7HD Home DepotPairCorr
  0.66RH RH Earnings Call This WeekPairCorr
  0.67WOOF Pet Acquisition LLCPairCorr
  0.67FNKO Funko IncPairCorr
  0.75LOW Lowes Companies Sell-off TrendPairCorr

Moving against Coupang Stock

  0.74ZUMZ Zumiez IncPairCorr
  0.53DKS Dicks Sporting GoodsPairCorr
  0.52GRPN GrouponPairCorr
  0.49BGI Birks GroupPairCorr
  0.44GPC Genuine PartsPairCorr
  0.43RAY Raytech HoldingPairCorr
  0.37HVT Haverty FurniturePairCorr
  0.69TH Target Hospitality CorpPairCorr
  0.58JILL JJill Inc Earnings Call This WeekPairCorr
  0.51TM Toyota MotorPairCorr
  0.5NEGG Newegg CommercePairCorr
  0.5ARHS Arhaus IncPairCorr
  0.42ROST Ross Stores Sell-off TrendPairCorr
  0.39GV Visionary EducationPairCorr
  0.34BURL Burlington StoresPairCorr
  0.31SCVL Shoe CarnivalPairCorr

Related Correlations Analysis

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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   
BABA
+ 0.97
PDD
JD
+ 0.91
PDD
BABA
+ 0.89
JD
W
+ 0.75
JMIA
JMIA
+ 0.72
BABA
JMIA
+ 0.64
PDD
  
High negative correlations   
CHWY
- 0.56
JMIA
JMIA
- 0.31
SE
CHWY
- 0.3
BABA
CHWY
- 0.23
PDD
CHWY
- 0.14
W
CHWY
- 0.11
JD

Risk-Adjusted Indicators

There is a big difference between Coupang Stock performing well and Coupang LLC 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 Coupang LLC'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.

Coupang LLC Corporate Management

Harold RogersChief Administrative OfficerProfile
Pedro FranceschiDirectorProfile
Matthew ChristensenIndependent DirectorProfile
Hanseung KangRepresentative Director, Business ManagementProfile
Harry YouIndependent DirectorProfile
Michael ParkerVice RelationsProfile
Daejun ParkRepresentative Director, Business DevelopmentProfile
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