EBay Correlations

EBA Stock

61.27 1.27 2.03%

The current 90-days correlation between eBay Inc and Coupang is -0.02 (i.e., Good diversification). The correlation of EBay 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.

EBay Correlation With Market

Modest diversification

The correlation between eBay Inc and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding eBay Inc and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to EBay could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EBay 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 EBay - 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 eBay Inc to buy it.

Moving together with EBay Stock

0.61

APC

Apple Inc

Pair Corr

Related Correlations Analysis

	AMZ	AMZ	9MDA	9PDA	9MD	013C	013A	788	EBA
AMZ		1.0	-0.18	-0.75	-0.26	-0.32	-0.31	-0.09	0.36	AMZ
AMZ	1.0		-0.2	-0.77	-0.28	-0.33	-0.33	-0.08	0.34	AMZ
9MDA	-0.18	-0.2		0.5	0.95	0.73	0.74	0.28	-0.07	9MDA
9PDA	-0.75	-0.77	0.5		0.62	0.72	0.72	-0.1	-0.16	9PDA
9MD	-0.26	-0.28	0.95	0.62		0.81	0.82	0.22	-0.07	9MD
013C	-0.32	-0.33	0.73	0.72	0.81		0.99	0.03	0.14	013C
013A	-0.31	-0.33	0.74	0.72	0.82	0.99		0.02	0.15	013A
788	-0.09	-0.08	0.28	-0.1	0.22	0.03	0.02		-0.15	788
EBA	0.36	0.34	-0.07	-0.16	-0.07	0.14	0.15	-0.15		EBA
	AMZ	AMZ	9MDA	9PDA	9MD	013C	013A	788	EBA

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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

AMZ	+ 1.0	AMZ
013A	+ 0.99	013C
9MD	+ 0.95	9MDA
013A	+ 0.82	9MD
013C	+ 0.81	9MD
013A	+ 0.74	9MDA

High negative correlations

9PDA	- 0.77	AMZ
9PDA	- 0.75	AMZ
013A	- 0.33	AMZ
013C	- 0.33	AMZ
013C	- 0.32	AMZ
013A	- 0.31	AMZ

Risk-Adjusted Indicators

There is a big difference between EBay Stock performing well and EBay 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 EBay'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
AMZ	1.20	0.33	0.22	0.50	1.04	(1.45)	3.38	(1.73)	10.25
AMZ	1.21	0.30	0.20	0.44	1.20	(1.47)	2.97	(2.24)	9.91
9MDA	3.59	0.50	0.12	(1.55)	3.47	(4.89)	10.96	(5.03)	41.07
9PDA	2.66	0.11	0.02	0.66	3.35	(3.05)	6.54	(5.83)	24.81
9MD	3.82	0.46	0.10	4.96	4.23	(4.83)	11.55	(6.89)	28.94
013C	2.96	0.46	0.13	1.41	2.96	(3.53)	7.48	(5.04)	24.01
013A	3.04	0.48	0.13	2.56	3.07	(3.61)	7.20	(5.48)	21.77
788	1.48	0.04	(0.01)	(0.06)	2.08	(1.66)	2.81	(2.46)	14.01
EBA	1.09	0.10	0.04	0.21	1.81	(1.15)	2.09	(1.78)	10.27

Be your own money manager

Our tools can tell you how much better you can do entering a position in EBay 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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EBay Corporate Management

Elected by the shareholders, the EBay's board of directors comprises two types of representatives: EBay inside directors who are chosen from within the company, and outside directors, selected externally and held independent of EBay. The board's role is to monitor EBay's management team and ensure that shareholders' interests are well served. EBay's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, EBay's outside directors are responsible for providing unbiased perspectives on the board's policies.

Julie Loeger	VP Officer	Profile
Jan Pedersen	VP Intelligence	Profile
Joe Billante	VP Relations	Profile
Cornelius Boone	VP Officer	Profile
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