ThredUp Inc. Class A Common Stock (TDUP) — Stock Correlations & Overview
Over the past year, TDUP has moved most closely with TRIP, ATS, UWMC. Explore the stocks most correlated and inversely correlated with TDUP below, along with its price, financials, and company profile.
Stocks correlated with TDUP
Correlation of daily returns. Higher positive values move with TDUP; negative values move opposite it. Informational only, not investment advice.
Most correlated with TDUP
| Symbol | Company | Correlation |
|---|---|---|
| TRIP | TripAdvisor, Inc.SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. | 0.60 |
| ATS | ATS Corporation | 0.60 |
| UWMC | UWM Holdings CorporationMORTGAGE BANKERS & LOAN CORRESPONDENTS | 0.56 |
| LZ | LegalZoom.com, Inc. Common StockSERVICES-COMPUTER PROCESSING & DATA PREPARATION | 0.55 |
| CMRC | Commerce.com, Inc. Series 1 Common StockSERVICES-PREPACKAGED SOFTWARE | 0.51 |
Most inversely correlated with TDUP
| Symbol | Company | Correlation |
|---|---|---|
| WYHG | Wing Yip Food Holdings Group Limited American Depositary Shares | -0.44 |
| XHLD | TEN Holdings, Inc. Common StockSERVICES-BUSINESS SERVICES, NEC | -0.40 |
| JETD | MAX Airlines -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.38 |
| CLRO | ClearOne, Inc. Common StockTELEPHONE & TELEGRAPH APPARATUS | -0.37 |
| TWM | ProShares UltraShort Russell2000 | -0.37 |
Frequently asked questions about TDUP correlations
- Which stocks are most correlated with TDUP?
- Based on one year of daily returns, the stocks most correlated with ThredUp Inc. Class A Common Stock (TDUP) are TRIP (0.60), ATS (0.60) and UWMC (0.56). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with TDUP?
- Over the past year, the stocks most inversely correlated with ThredUp Inc. Class A Common Stock (TDUP) are WYHG (-0.44), XHLD (-0.40) and JETD (-0.38). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these TDUP correlations calculated?
- We compute the correlation of daily returns between TDUP and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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