TuanChe ADR Correlations
| TC Stock | USD 0.79 0.01 1.28% |
The current 90-days correlation between TuanChe ADR and Starbox Group Holdings is -0.05 (i.e., Good diversification). The correlation of TuanChe ADR is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
TuanChe ADR Correlation With Market
Modest diversification
The correlation between TuanChe ADR and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TuanChe ADR and DJI in the same portfolio, assuming nothing else is changed.
TuanChe |
Moving together with TuanChe Stock
| 0.64 | WIMI | WiMi Hologram Cloud | PairCorr |
| 0.76 | EEX | Emerald Expositions | PairCorr |
| 0.66 | EVC | Entravision Communications | PairCorr |
| 0.64 | GCI | Gannett | PairCorr |
| 0.63 | HAO | Haoxi Health Technology | PairCorr |
| 0.68 | LEE | Lee Enterprises | PairCorr |
| 0.78 | LVO | LiveOne | PairCorr |
Moving against TuanChe Stock
| 0.75 | SE | Sea | PairCorr |
| 0.54 | BATRA | Atlanta Braves Holdings, | PairCorr |
| 0.49 | IQ | iQIYI Inc Aggressive Push | PairCorr |
| 0.49 | BATRK | Atlanta Braves Holdings, | PairCorr |
| 0.48 | TV | Grupo Televisa SAB | PairCorr |
| 0.46 | CURIW | CuriosityStream | PairCorr |
| 0.6 | GTN | Gray Television | PairCorr |
| 0.54 | FOXA | Fox Corp Class | PairCorr |
| 0.49 | FOX | Fox Corp Class | PairCorr |
| 0.36 | OCG | Oriental Culture Holding | PairCorr |
| 0.35 | NWS | News Corp B | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between TuanChe Stock performing well and TuanChe ADR 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 TuanChe ADR'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ONFO | 3.71 | (0.25) | 0.00 | (1.18) | 0.00 | 7.69 | 21.57 | |||
| GROM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LIZI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| STBX | 19.07 | 2.03 | 0.24 | (0.22) | 13.35 | 17.07 | 580.66 | |||
| MAX | 2.73 | (0.11) | 0.00 | (0.25) | 0.00 | 5.77 | 25.45 | |||
| MATH | 5.73 | 1.38 | 0.18 | 0.54 | 5.93 | 18.57 | 39.23 | |||
| LCFY | 4.19 | (0.20) | 0.00 | 0.89 | 0.00 | 9.49 | 30.93 | |||
| KRKR | 7.44 | 1.32 | 0.14 | 18.34 | 8.96 | 12.33 | 154.10 | |||
| QQQFF | 3.95 | 1.85 | 0.00 | 8.81 | 0.00 | 0.00 | 132.05 |