TuanChe ADR Correlations

TuanChe ADR Correlation With Market

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TuanChe ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. For information on how to trade TuanChe Stock refer to our How to Trade TuanChe Stock guide.

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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    LCFY + 0.5 MATH MATH + 0.46 MAX KRKR + 0.37 MATH STBX + 0.34 ONFO KRKR + 0.26 MAX MAX + 0.16 ONFO

High negative correlations    MATH - 0.75 STBX KRKR - 0.62 STBX LCFY - 0.47 ONFO MATH - 0.32 ONFO QQQFF - 0.31 LCFY MAX - 0.31 STBX

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.