Yelp Correlations

YELP Stock

USD 34.48 0.17 0.49%

The current 90-days correlation between Yelp Inc and Shutterstock is -0.03 (i.e., Good diversification). The correlation of Yelp 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.

Yelp Correlation With Market

Poor diversification

The correlation between Yelp Inc and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Yelp Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Yelp Stock

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Yelp Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Yelp Stock

0.71	FENG	Phoenix New Media	Pair Corr
0.66	IAC	IAC Inc	Pair Corr
0.63	FVRR	Fiverr International	Pair Corr
0.62	MAX	MediaAlpha	Pair Corr
0.76	RUM	Rumble Inc	Pair Corr

Moving against Yelp Stock

0.39	MNYWW	MoneyHero Limited	Pair Corr
0.59	LCFYW	Locafy Limited	Pair Corr
0.35	ONFO	Onfolio Holdings	Pair Corr
0.33	SEAT	Vivid Seats	Pair Corr

Related Correlations Analysis

	PINS	SNAP	GOOGL	BIDU	META	SSTK	MTCH	ONFO	TCEHY	TWLO
PINS		0.51	0.78	0.32	0.91	0.78	0.56	-0.34	0.82	0.86	PINS
SNAP	0.51		0.29	0.78	0.3	0.5	0.47	-0.03	0.5	0.32	SNAP
GOOGL	0.78	0.29		0.13	0.87	0.58	0.59	-0.1	0.68	0.85	GOOGL
BIDU	0.32	0.78	0.13		0.09	0.44	0.51	0.06	0.47	0.12	BIDU
META	0.91	0.3	0.87	0.09		0.74	0.48	-0.27	0.8	0.96	META
SSTK	0.78	0.5	0.58	0.44	0.74		0.39	-0.17	0.86	0.77	SSTK
MTCH	0.56	0.47	0.59	0.51	0.48	0.39		-0.2	0.54	0.45	MTCH
ONFO	-0.34	-0.03	-0.1	0.06	-0.27	-0.17	-0.2		-0.26	-0.28	ONFO
TCEHY	0.82	0.5	0.68	0.47	0.8	0.86	0.54	-0.26		0.86	TCEHY
TWLO	0.86	0.32	0.85	0.12	0.96	0.77	0.45	-0.28	0.86		TWLO
	PINS	SNAP	GOOGL	BIDU	META	SSTK	MTCH	ONFO	TCEHY	TWLO

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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

TWLO	+ 0.96	META
META	+ 0.91	PINS
META	+ 0.87	GOOGL
TWLO	+ 0.86	PINS
TCEHY	+ 0.86	SSTK
TWLO	+ 0.86	TCEHY

High negative correlations

ONFO	- 0.34	PINS
TWLO	- 0.28	ONFO
ONFO	- 0.27	META
TCEHY	- 0.26	ONFO
ONFO	- 0.2	MTCH
ONFO	- 0.17	SSTK

Risk-Adjusted Indicators

There is a big difference between Yelp Stock performing well and Yelp 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 Yelp'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
PINS	2.40	0.15	0.05	0.11	3.26	(2.60)	5.00	(4.97)	20.81
SNAP	2.97	(0.09)	0.00	(0.02)	0.00	0.00	4.39	(6.47)	34.42
GOOGL	1.81	0.05	0.02	0.07	2.32	(1.96)	3.25	(3.85)	16.94
BIDU	1.86	(0.31)	0.00	(0.31)	0.00	0.00	3.32	(4.32)	10.43
META	2.08	0.24	0.09	0.18	2.46	(2.36)	4.23	(4.29)	21.50
SSTK	2.81	0.00	0.00	0.03	0.00	0.00	6.93	(5.03)	22.56
MTCH	1.73	(0.02)	(0.01)	0.01	2.70	(1.60)	3.80	(3.79)	17.57
ONFO	3.45	0.09	0.01	(0.14)	5.14	(5.53)	5.43	(6.67)	43.84
TCEHY	1.25	(0.03)	0.00	(0.05)	0.00	0.00	2.42	(2.29)	13.87
TWLO	2.14	0.24	0.08	0.17	2.96	(2.25)	3.89	(4.01)	19.88

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