Coupang LLC Correlations

CPNG Stock

USD 22.45 0.82 3.52%

The current 90-days correlation between Coupang LLC and Carvana Co is 0.25 (i.e., Modest 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

Weak diversification

The correlation between Coupang LLC and DJI is 0.31 (i.e., Weak 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.

Build AI portfolio with Coupang Stock

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 employment.

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	JD	JD Inc Adr	Pair Corr
0.83	OLLI	Ollies Bargain Outlet	Pair Corr
0.94	KG	Kestrel Group Symbol Change	Pair Corr
0.63	LPG	Dorian LPG	Pair Corr

Moving against Coupang Stock

0.93	LION	Lionsgate Studios Holding	Pair Corr
0.93	NMIH	NMI Holdings	Pair Corr
0.87	ATI	Allegheny Technologies	Pair Corr
0.83	SMEGF	Siemens Energy AG Downward Rally	Pair Corr
0.79	GLBE	Global E Online	Pair Corr
0.73	CUB	Lionheart Holdings	Pair Corr
0.7	F	Ford Motor Aggressive Push	Pair Corr
0.64	BHKLY	BOC Hong Kong	Pair Corr
0.57	ASXSF	Elysee Development Corp	Pair Corr
0.51	EGBN	Eagle Bancorp	Pair Corr
0.47	JACK	Jack In	Pair Corr
0.4	DQ	Daqo New Energy	Pair Corr
0.92	FYBR	Frontier Communications Sell-off Trend	Pair Corr
0.86	TLSNY	Telia Company	Pair Corr
0.85	ACLLF	Atco	Pair Corr
0.85	WSFS	WSFS Financial	Pair Corr
0.79	ACN	Accenture plc	Pair Corr
0.77	WEICF	Weichai Power	Pair Corr
0.77	ACR-PC	ACRES Commercial Realty	Pair Corr
0.73	MIELF	Mitsubishi Electric	Pair Corr
0.73	LOCO	El Pollo Loco	Pair Corr
0.68	BOF	BranchOut Food Common	Pair Corr
0.68	NOMNF	CANEX Metals	Pair Corr
0.62	PNGZF	Paringa Resources	Pair Corr
0.49	SANM	Sanmina	Pair Corr
0.49	KCRD	Kindcard	Pair Corr

Related Correlations Analysis

	CVNA	JD	AZO	HLT	ROST	GM	EBAY	F	TCOM	RACE
CVNA		-0.51	-0.69	0.7	0.81	0.73	-0.02	0.5	0.27	-0.5	CVNA
JD	-0.51		0.59	-0.75	-0.8	-0.77	0.65	-0.62	-0.13	0.68	JD
AZO	-0.69	0.59		-0.7	-0.78	-0.88	0.21	-0.74	-0.51	0.6	AZO
HLT	0.7	-0.75	-0.7		0.88	0.85	-0.22	0.68	0.44	-0.58	HLT
ROST	0.81	-0.8	-0.78	0.88		0.92	-0.36	0.76	0.31	-0.68	ROST
GM	0.73	-0.77	-0.88	0.85	0.92		-0.33	0.89	0.43	-0.62	GM
EBAY	-0.02	0.65	0.21	-0.22	-0.36	-0.33		-0.3	0.32	0.27	EBAY
F	0.5	-0.62	-0.74	0.68	0.76	0.89	-0.3		0.49	-0.41	F
TCOM	0.27	-0.13	-0.51	0.44	0.31	0.43	0.32	0.49		-0.05	TCOM
RACE	-0.5	0.68	0.6	-0.58	-0.68	-0.62	0.27	-0.41	-0.05		RACE
	CVNA	JD	AZO	HLT	ROST	GM	EBAY	F	TCOM	RACE

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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

GM	+ 0.92	ROST
F	+ 0.89	GM
ROST	+ 0.88	HLT
GM	+ 0.85	HLT
ROST	+ 0.81	CVNA
F	+ 0.76	ROST

High negative correlations

GM	- 0.88	AZO
ROST	- 0.8	JD
ROST	- 0.78	AZO
GM	- 0.77	JD
HLT	- 0.75	JD
F	- 0.74	AZO

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
CVNA	3.10	0.18	0.06	0.15	4.30	(3.04)	6.78	(6.78)	19.22
JD	1.25	(0.38)	0.00	(0.22)	0.00	0.00	2.22	(2.89)	8.95
AZO	1.12	(0.34)	0.00	6.03	0.00	0.00	2.25	(2.67)	9.96
HLT	1.15	0.16	0.11	0.32	1.03	(1.38)	3.03	(2.42)	6.36
ROST	0.87	0.26	0.32	0.33	0.33	(1.05)	2.54	(1.26)	9.43
GM	1.43	0.50	0.41	0.47	0.69	(1.70)	3.93	(1.58)	18.58
EBAY	1.43	(0.08)	(0.02)	0.01	3.34	(1.30)	2.97	(2.90)	19.83
F	1.51	0.12	0.08	0.16	1.68	(1.68)	3.38	(2.63)	16.30
TCOM	0.99	0.06	0.02	0.15	1.34	(0.97)	2.19	(2.23)	8.40
RACE	1.55	(0.48)	0.00	(0.40)	0.00	0.00	2.01	(2.95)	14.99

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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