ThredUp Inc. Class A Common Stock (TDUP) Correlation Distribution
Across 6,806 rolling correlation observations between ThredUp Inc. Class A Common Stock (TDUP) and other NASDAQ-listed stocks, 71.1% are positive and 28.9% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.347, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 37.6% and strong negative correlations (≤−0.7) for 1.3%.
- Total observations
- 6,806
- Mean correlation
- 0.347
- Most common range
- 0.7 to 0.8
- Positive pairs
- 71.1%
- Strong positive (≥0.7)
- 37.6%
- Sector
- Retail-Catalog & Mail-Order Houses
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 45 | 0.7% | |
| -0.8 to -0.7 | 45 | 0.7% | |
| -0.7 to -0.6 | 203 | 3.0% | |
| -0.6 to -0.5 | 202 | 3.0% | |
| -0.5 to -0.4 | 305 | 4.5% | |
| -0.4 to -0.3 | 304 | 4.5% | |
| -0.3 to -0.2 | 285 | 4.2% | |
| -0.2 to -0.1 | 285 | 4.2% | |
| -0.1 to 0.0 | 295 | 4.3% | |
| 0.0 to 0.1 | 294 | 4.3% | |
| 0.1 to 0.2 | 255 | 3.7% | |
| 0.2 to 0.3 | 254 | 3.7% | |
| 0.3 to 0.4 | 297 | 4.4% | |
| 0.4 to 0.5 | 297 | 4.4% | |
| 0.5 to 0.6 | 442 | 6.5% | |
| 0.6 to 0.7 | 441 | 6.5% | |
| 0.7 to 0.8 | 871 | 12.8% | |
| 0.8 to 0.9 | 871 | 12.8% | |
| 0.9 to 1.0 | 814 | 12.0% |
Frequently asked questions
What is the average correlation of TDUP?
ThredUp Inc. Class A Common Stock (TDUP) has an average correlation of about 0.347 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is TDUP positively correlated with other stocks?
Mostly yes — 71.1% of pairs are positive and 28.9% are negative. Strong positive correlations (≥0.7) make up 37.6%.
What is the most common correlation range for TDUP?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 24.5% of all pairs.
Explore the full interactive correlation distribution for TDUP.
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