PDD, NasdaqGS

Pinduoduo Inc. (PDD)

Price (as of September 12)

69.76USD

Correlations

The correlation describes the statistical relationship between the value of two assets over time. Use this relationship to bet against an asset without shorting it or diversify your portfolio more effectively. Learn how you can use correlations to your advantage.

Lowest within Industry

Symbol Correlation

DTC

Solo Brands, Inc.

-0.1

DIBS

1stdibs.Com, Inc.

-0.06

GLBE

Global-e Online Ltd.

-0.04

AKA

a.k.a. Brands Holding Corp.

-0.04

DADA

Dada Nexus Limited

-0.01

BOXD

Boxed, Inc.

-0

ID

PARTS iD, Inc.

0.01

APRN

Blue Apron Holdings, Inc.

0.01

IMBI

iMedia Brands, Inc.

0.05

AMZN

Amazon.com, Inc.

0.06

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Highest within Industry

Symbol Correlation

JD

JD.com, Inc.

0.62

BABA

Alibaba Group Holding Limited

0.58

CPNG

Coupang, Inc.

0.5

MELI

MercadoLibre, Inc.

0.4

ETSY

Etsy, Inc.

0.34

EBAY

eBay Inc.

0.23

OSTK

Overstock.com, Inc.

0.22

HOUR

Hour Loop, Inc.

0.1

FTCH

Farfetch Limited

0.08

CVNA

Carvana Co.

0.08

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Profile

Sector:
Consumer Cyclical
Industry:
Internet Retail

Pinduoduo Inc., through its subsidiaries, operates an e-commerce platform in the People’s Republic of China. It operates Pinduoduo, a mobile platform that offers a range of products, including apparel, shoes, bags, mother and childcare products, food and beverages, fresh produce, electronic appliances, furniture and household goods, cosmetics and other personal care items, sports and fitness items, and auto accessories. The company was formerly known as Walnut Street Group Holding Limited and changed its name to Pinduoduo Inc. in July 2018. Pinduoduo Inc. was incorporated in 2015 and is headquartered in Shanghai, the People’s Republic of China.