Trip Group Correlations

TCOM Stock

USD 64.53 2.47 3.69%

The current 90-days correlation between Trip Group and Expedia Group is 0.2 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Trip Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Trip Group Ltd moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Trip Group Correlation With Market

Average diversification

The correlation between Trip Group Ltd and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Trip Group Ltd 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 Trip Group Ltd. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Trip Stock

0.72	SG	Sweetgreen	Pair Corr
0.73	WING	Wingstop	Pair Corr
0.71	CMG	Chipotle Mexican Grill	Pair Corr
0.78	DIN	Dine Brands Global	Pair Corr
0.62	LIND	Lindblad Expeditions	Pair Corr
0.62	LOCO	El Pollo Loco	Pair Corr

Moving against Trip Stock

0.52	EVRI	Everi Holdings	Pair Corr
0.49	AGS	PlayAGS	Pair Corr
0.35	DRI	Darden Restaurants Buyout Trend	Pair Corr
0.66	LNW	Light Wonder	Pair Corr
0.55	YUM	Yum Brands	Pair Corr
0.42	MCD	McDonalds	Pair Corr
0.37	LTH	Life Time Group	Pair Corr
0.56	NATH	Nathans Famous	Pair Corr
0.45	REBN	Reborn Coffee	Pair Corr
0.4	RAVE	Rave Restaurant Group	Pair Corr
0.39	PZZA	Papa Johns International	Pair Corr

Related Correlations Analysis

	EXPE	BKNG	DESP	TNL	YTRA	SABRP	LIND	MOND	ISPO	ABNB
EXPE		0.75	0.04	0.59	0.1	0.0	0.33	0.0	-0.06	0.74	EXPE
BKNG	0.75		-0.36	0.46	0.59	0.0	0.51	0.0	-0.19	0.55	BKNG
DESP	0.04	-0.36		0.17	-0.46	0.0	-0.17	0.0	0.27	0.13	DESP
TNL	0.59	0.46	0.17		0.02	0.0	0.55	0.0	0.17	0.65	TNL
YTRA	0.1	0.59	-0.46	0.02		0.0	0.58	0.0	0.16	-0.09	YTRA
SABRP	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	SABRP
LIND	0.33	0.51	-0.17	0.55	0.58	0.0		0.0	0.26	0.22	LIND
MOND	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	MOND
ISPO	-0.06	-0.19	0.27	0.17	0.16	0.0	0.26	0.0		-0.11	ISPO
ABNB	0.74	0.55	0.13	0.65	-0.09	0.0	0.22	0.0	-0.11		ABNB
	EXPE	BKNG	DESP	TNL	YTRA	SABRP	LIND	MOND	ISPO	ABNB

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

BKNG	+ 0.75	EXPE
ABNB	+ 0.74	EXPE
ABNB	+ 0.65	TNL
TNL	+ 0.59	EXPE
YTRA	+ 0.59	BKNG
LIND	+ 0.58	YTRA

High negative correlations

YTRA	- 0.46	DESP
DESP	- 0.36	BKNG
ISPO	- 0.19	BKNG
LIND	- 0.17	DESP
ABNB	- 0.11	ISPO
ABNB	- 0.09	YTRA

Risk-Adjusted Indicators

There is a big difference between Trip Stock performing well and Trip Group 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 Trip Group'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
EXPE	1.80	0.01	0.00	(0.06)	0.00	0.00	2.98	(4.06)	24.55
BKNG	1.38	(0.13)	0.00	(0.21)	0.00	0.00	2.47	(4.11)	9.06
DESP	1.04	0.24	0.19	(1.48)	1.10	(1.43)	0.42	(1.28)	33.61
TNL	1.44	(0.04)	0.00	(0.10)	0.00	0.00	2.91	(4.34)	9.49
YTRA	2.09	(0.77)	0.00	(2.52)	0.00	0.00	3.00	(4.85)	12.34
SABRP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LIND	2.41	(0.06)	0.00	(0.12)	0.00	0.00	5.86	(5.45)	17.77
MOND	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ISPO	4.44	0.41	0.11	(0.53)	4.66	(5.41)	9.46	(8.35)	23.42
ABNB	1.86	(0.14)	0.00	0.43	0.00	0.00	3.76	(5.08)	20.40

Trip Group Corporate Management

Yaming Ye	Vice Technology	Profile
Jianzhang Liang	CoFounder Chairman	Profile
Xiong Xing	Chief Officer	Profile
Jie Sun	CEO Director	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC