Coupang LLC Correlations

CPNG Stock

USD 31.13 0.52 1.70%

The current 90-days correlation between Coupang LLC and MercadoLibre is 0.12 (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

Modest diversification

The correlation between Coupang LLC and DJI is 0.26 (i.e., Modest 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.

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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

0.88	FL	Foot Locker	Pair Corr
0.79	ANF	Abercrombie Fitch	Pair Corr
0.96	BKE	Buckle Inc	Pair Corr
0.62	FND	Floor Decor Holdings	Pair Corr
0.74	GES	Guess Inc	Pair Corr
0.86	HVT	Haverty Furniture Downward Rally	Pair Corr
0.9	GRPN	Groupon	Pair Corr
0.84	SCVL	Shoe Carnival	Pair Corr
0.91	URBN	Urban Outfitters	Pair Corr
0.94	RL	Ralph Lauren Corp	Pair Corr
0.78	VUZI	Vuzix Corp Cmn	Pair Corr
0.89	FOSL	Fossil Group	Pair Corr
0.72	LEG	Leggett Platt	Pair Corr
0.95	RRR	Red Rock Resorts Earnings Call This Week	Pair Corr
0.9	UAA	Under Armour A	Pair Corr
0.75	GPRO	GoPro Inc	Pair Corr
0.83	SONO	Sonos Inc	Pair Corr
0.66	NTNX	Nutanix	Pair Corr

Moving against Coupang Stock

0.46	AEO	American Eagle Outfitters	Pair Corr
0.38	ROST	Ross Stores	Pair Corr
0.69	MSB	Mesabi Trust	Pair Corr
0.48	KO	Coca Cola Earnings Call This Week	Pair Corr
0.33	GTOR	Ggtoor Inc	Pair Corr

Related Correlations Analysis

	MELI	PDD	JD	BABA	GLBE	SE	ETSY	VIPS	JMIA	W
MELI		0.38	-0.13	0.14	-0.21	0.79	0.41	0.66	0.6	0.54	MELI
PDD	0.38		0.4	0.66	0.35	0.25	-0.37	0.41	0.11	-0.05	PDD
JD	-0.13	0.4		0.65	0.52	0.02	-0.41	-0.22	-0.42	-0.36	JD
BABA	0.14	0.66	0.65		0.6	0.13	-0.3	0.07	-0.3	-0.39	BABA
GLBE	-0.21	0.35	0.52	0.6		-0.18	-0.31	-0.11	-0.19	-0.27	GLBE
SE	0.79	0.25	0.02	0.13	-0.18		0.38	0.36	0.17	0.67	SE
ETSY	0.41	-0.37	-0.41	-0.3	-0.31	0.38		0.54	0.58	0.57	ETSY
VIPS	0.66	0.41	-0.22	0.07	-0.11	0.36	0.54		0.78	0.54	VIPS
JMIA	0.6	0.11	-0.42	-0.3	-0.19	0.17	0.58	0.78		0.57	JMIA
W	0.54	-0.05	-0.36	-0.39	-0.27	0.67	0.57	0.54	0.57		W
	MELI	PDD	JD	BABA	GLBE	SE	ETSY	VIPS	JMIA	W

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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

SE	+ 0.79	MELI
JMIA	+ 0.78	VIPS
W	+ 0.67	SE
VIPS	+ 0.66	MELI
BABA	+ 0.66	PDD
BABA	+ 0.65	JD

High negative correlations

JMIA	- 0.42	JD
ETSY	- 0.41	JD
W	- 0.39	BABA
ETSY	- 0.37	PDD
W	- 0.36	JD
ETSY	- 0.31	GLBE

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MELI	1.40	0.18	0.07	0.44	1.55	(1.48)	3.28	(3.03)	10.83
PDD	1.47	0.19	0.04	0.61	2.76	(1.69)	4.22	(1.81)	19.77
JD	1.54	(0.19)	0.00	(0.40)	0.00	0.00	3.33	(3.26)	10.55
BABA	1.77	0.14	0.03	0.44	2.11	(1.87)	4.34	(3.22)	13.33
GLBE	1.90	(0.08)	(0.01)	0.06	3.91	(1.90)	3.91	(3.41)	28.78
SE	1.77	0.40	0.14	0.98	1.96	(1.87)	3.26	(3.67)	14.10
ETSY	2.06	0.41	0.13	0.85	2.13	(2.10)	4.45	(3.99)	11.69
VIPS	1.43	0.31	0.14	0.58	1.47	(1.73)	3.99	(2.27)	14.19
JMIA	4.20	1.21	0.33	0.80	3.25	(5.09)	12.37	(5.57)	26.85
W	3.20	0.62	0.24	0.32	2.98	(3.77)	8.60	(4.58)	25.16

Coupang LLC Corporate Management

Harold Rogers	Chief Administrative Officer	Profile
Pedro Franceschi	Director	Profile
Matthew Christensen	Independent Director	Profile
Hanseung Kang	Representative Director, Business Management	Profile
Harry You	Independent Director	Profile
Michael Parker	Vice Relations	Profile
Daejun Park	Representative Director, Business Development	Profile

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