Groupon Correlations

Stocks . USA . 
Stock . Groupon
GRPN Stock  USD 4.06  0.03  0.73%   
The correlation of Groupon is a statistical measure of how it moves in relation to other equities. 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 Groupon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Groupon 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.
Please check Risk vs Return Analysis.
  
The ability to find closely correlated positions to Groupon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Groupon 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 Groupon - 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 Groupon to buy it.

Moving together with Groupon

+0.61ANGIANGI Homeservices Fiscal Quarter End 31st of March 2023 PairCorr
+0.76ATHMAutohome Fiscal Quarter End 31st of March 2023 PairCorr
+0.81DOYUDouYu International Financial Report 17th of May 2023 PairCorr
+0.63EVEREverQuote Class Fiscal Quarter End 31st of March 2023 PairCorr
+0.81GROMGrom Social EnterprisesPairCorr

Moving against Groupon

-0.58GRNDGrindr Inc Symbol ChangePairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
DOYU
+ 0.93
ATHM
ATHM
+ 0.79
ANGI
CMCM
+ 0.78
BIDU
CMCM
+ 0.75
ANGI
DOYU
+ 0.75
ANGI
CMCM
+ 0.73
BZFD
  
High negative correlations   
BIDU
- 0.41
AREN
DOYU
- 0.34
BODY
BODY
- 0.28
ATHM
BODY
- 0.16
ANGI
CMCM
- 0.05
AREN
AREN
- 0.05
ANGI

Risk-Adjusted Indicators

Nowadays, there is a big difference between Groupon Stock performing well and Groupon company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Groupon's multiple risk-adjusted performance indicators. 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		Information
Ratio		Expected
Shortfall		Potential
Upside		Value
At Risk		Maximum
Drawdown
ANGI 3.55  0.15  0.03  0.03  3.81  0.0261 (4.22)  9.31 (6.51)  20.80 
AREN 3.96 (1.44)  0.00 (0.98)  0.00 (0.27)  0.00  6.53 (11.08)  32.70 
ASST 8.31 (2.17)  0.00 (0.76)  0.00 (0.18)  0.00  14.46 (28.17)  67.47 
ATHM 2.15  0.05  0.00 (0.04)  0.00  0.0114  0.00  4.45 (3.85)  15.11 
BIDU 3.04  0.60  0.15  0.20  3.20  0.12 (3.36)  6.28 (5.44)  20.53 
BODY 4.86 (0.49)  0.00  2.14  0.00 (0.06)  0.00  8.57 (10.14)  42.60 
BZFD 9.58  1.62  0.16  0.57  8.39  0.07 (13.97)  19.51 (16.06)  149.20 
CMCM 3.77  0.35  0.07  0.24  4.54  0.07 (4.16)  7.79 (8.10)  29.83 
DOYU 4.48  0.21  0.02  0.00  5.07  0.0162 (4.94)  7.88 (8.46)  24.56 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Groupon 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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Groupon Corporate Directors

Groupon corporate directors refer to members of a Groupon board of directors. The board of directors generally takes responsibility for the Groupon's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Groupon's board members must vote for the resolution. The Groupon board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Robert BassIndependent DirectorProfile
Peter BarrisIndependent DirectorProfile
Maqsood RehmanCFO, Treasurer, Secretary, DirectorProfile
Deborah WahlIndependent DirectorProfile

Already Invested in Groupon?

The danger of trading Groupon is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Groupon is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Groupon. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Groupon is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please check Risk vs Return Analysis. You can also try Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

Complementary Tools for analysis

When running Groupon price analysis, check to measure Groupon's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Groupon is operating at the current time. Most of Groupon's value examination focuses on studying past and present price action to predict the probability of Groupon's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Groupon's price. Additionally, you may evaluate how the addition of Groupon to your portfolios can decrease your overall portfolio volatility.
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Is Groupon's industry 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 Groupon. If investors know Groupon 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 Groupon listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
1.092
Earnings Share
(4.15) 
Revenue Per Share
19.86
Quarterly Revenue Growth
(0.34) 
Return On Assets
(0.07) 
The market value of Groupon is measured differently than its book value, which is the value of Groupon that is recorded on the company's balance sheet. Investors also form their own opinion of Groupon's value that differs from its market value or its book value, called intrinsic value, which is Groupon'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 Groupon's market value can be influenced by many factors that don't directly affect Groupon's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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Please note, there is a significant difference between Groupon's value and its price as these two are different measures arrived at by different means. Investors typically determine Groupon value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Groupon'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.
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