Kidpik Corp Correlations
| PIK Stock | USD 3.50 0.68 16.27% |
The correlation of Kidpik Corp 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Kidpik Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kidpik Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Significant diversification
The correlation between Kidpik Corp and NYA is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kidpik Corp and NYA in the same portfolio, assuming nothing else is changed.
Kidpik |
The ability to find closely correlated positions to Kidpik Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kidpik Corp 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 Kidpik Corp - 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 Kidpik Corp to buy it.
Moving together with Kidpik Stock
Moving against Kidpik Stock
| 0.65 | VSCO | Victorias Secret Earnings Call Tomorrow | PairCorr |
| 0.56 | BIG | Big Lots Earnings Call This Week | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
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Risk-Adjusted Indicators
There is a big difference between Kidpik Stock performing well and Kidpik Corp 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 Kidpik Corp'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 | 1.38 | 0.13 | 0.07 | 0.51 | 1.54 | 2.30 | 10.26 | |||
| PDD | 2.05 | 0.28 | 0.11 | 0.29 | 2.39 | 4.45 | 15.46 | |||
| BABA | 1.59 | 0.07 | 0.03 | 0.14 | 2.13 | 2.92 | 12.40 | |||
| GLBE | 2.05 | (0.13) | 0.00 | (0.07) | 0.00 | 4.43 | 16.19 | |||
| SE | 2.21 | 0.54 | 0.24 | 0.45 | 1.71 | 5.58 | 11.20 | |||
| ETSY | 1.68 | (0.14) | 0.00 | 1.25 | 0.00 | 3.33 | 20.77 | |||
| JMIA | 4.06 | 0.46 | 0.10 | 0.62 | 4.31 | 9.72 | 25.57 |
Additional Information and Resources on Investing in Kidpik Stock
When determining whether Kidpik Corp is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Kidpik Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Kidpik Corp Stock. Highlighted below are key reports to facilitate an investment decision about Kidpik Corp Stock:Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Kidpik Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. For more information on how to buy Kidpik Stock please use our How to buy in Kidpik Stock guide.You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Is Specialty Retail space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Kidpik Corp. If investors know Kidpik will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Kidpik Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (5.65) | Revenue Per Share 7.203 | Quarterly Revenue Growth (0.44) | Return On Assets (0.41) | Return On Equity (2.92) |
The market value of Kidpik Corp is measured differently than its book value, which is the value of Kidpik that is recorded on the company's balance sheet. Investors also form their own opinion of Kidpik Corp's value that differs from its market value or its book value, called intrinsic value, which is Kidpik Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Kidpik Corp's market value can be influenced by many factors that don't directly affect Kidpik Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Kidpik Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kidpik Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kidpik Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.