TAL Education Correlations

TAL Stock

USD 13.15 0.82 5.87%

The current 90-days correlation between TAL Education Group and Gaotu Techedu DRC is 0.45 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as TAL Education moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TAL Education Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

TAL Education Correlation With Market

Modest diversification

The correlation between TAL Education Group and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TAL Education Group and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TAL Education Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with TAL Stock

0.84	YQ	17 Education Technology	Pair Corr
0.79	VSTA	Vasta Platform	Pair Corr
0.85	DAO	Youdao Inc	Pair Corr
0.85	GHC	Graham Holdings	Pair Corr
0.83	LRN	Stride Inc	Pair Corr
0.83	QSG	QuantaSing Group	Pair Corr
0.68	UTI	Universal Technical	Pair Corr
0.68	GOTU	Gaotu Techedu DRC	Pair Corr
0.82	LAUR	Laureate Education	Pair Corr
0.75	LOPE	Grand Canyon Education	Pair Corr
0.84	LXEH	Lixiang Education Holding	Pair Corr
0.89	AFYA	Afya	Pair Corr

Moving against TAL Stock

0.84	GNS	Genius Group	Pair Corr
0.66	EDU	New Oriental Education	Pair Corr
0.65	EEIQ	Elite Education Group	Pair Corr
0.44	FEDU	Four Seasons Education	Pair Corr
0.88	MYND	Myndai,	Pair Corr
0.64	CHGG	Chegg Inc	Pair Corr
0.57	NAMI	Jinxin Technology Holding	Pair Corr
0.53	TCTM	Tarena International	Pair Corr
0.49	COUR	Coursera	Pair Corr
0.38	CLEU	China Liberal Education	Pair Corr
0.34	JDZG	JIADE LIMITED Common	Pair Corr
0.31	BEDU	Bright Scholar Education	Pair Corr

Related Correlations Analysis

	GOTU	YQ	CHGG	DAO	STRA	VSTA	TWOU	COUR	EDU
GOTU		0.68	-0.83	0.49	-0.75	0.81	0.0	-0.76	-0.45	GOTU
YQ	0.68		-0.72	0.64	-0.3	0.85	0.0	-0.53	-0.72	YQ
CHGG	-0.83	-0.72		-0.37	0.72	-0.92	0.0	0.78	0.59	CHGG
DAO	0.49	0.64	-0.37		0.09	0.51	0.0	-0.31	-0.47	DAO
STRA	-0.75	-0.3	0.72	0.09		-0.58	0.0	0.65	0.19	STRA
VSTA	0.81	0.85	-0.92	0.51	-0.58		0.0	-0.75	-0.72	VSTA
TWOU	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	TWOU
COUR	-0.76	-0.53	0.78	-0.31	0.65	-0.75	0.0		0.38	COUR
EDU	-0.45	-0.72	0.59	-0.47	0.19	-0.72	0.0	0.38		EDU
	GOTU	YQ	CHGG	DAO	STRA	VSTA	TWOU	COUR	EDU

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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

VSTA	+ 0.85	YQ
VSTA	+ 0.81	GOTU
COUR	+ 0.78	CHGG
STRA	+ 0.72	CHGG
YQ	+ 0.68	GOTU
COUR	+ 0.65	STRA

High negative correlations

VSTA	- 0.92	CHGG
CHGG	- 0.83	GOTU
COUR	- 0.76	GOTU
COUR	- 0.75	VSTA
STRA	- 0.75	GOTU
EDU	- 0.72	VSTA

Risk-Adjusted Indicators

There is a big difference between TAL Stock performing well and TAL Education 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 TAL Education'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
GOTU	3.96	0.67	0.17	0.88	3.64	(4.98)	7.62	(6.81)	38.68
YQ	2.65	0.54	0.21	(1.52)	2.49	(3.48)	8.51	(4.37)	19.66
CHGG	4.62	(1.42)	0.00	(2.83)	0.00	0.00	8.48	(9.50)	40.50
DAO	3.79	0.31	0.06	0.13	4.51	(4.52)	7.34	(6.22)	60.77
STRA	1.25	(0.20)	0.00	(0.37)	0.00	0.00	2.16	(2.89)	21.15
VSTA	2.84	0.90	0.21	3.01	3.35	(3.03)	6.27	(6.80)	21.46
TWOU	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
COUR	2.08	(0.15)	0.00	(0.37)	0.00	0.00	4.42	(4.07)	23.71
EDU	2.44	(0.19)	0.00	(0.46)	0.00	0.00	4.59	(4.18)	26.00

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