Tarena International Correlations

TCTM Stock

0.83 0.02 2.47%

The current 90-days correlation between Tarena International and Braskem SA Class is 0.14 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tarena International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tarena International moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Tarena International Correlation With Market

Significant diversification

The correlation between Tarena International and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tarena International 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 Tarena International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Tarena Stock, please use our How to Invest in Tarena International guide.

Moving together with Tarena Stock

0.82	IH	Ihuman Inc	Pair Corr
0.7	YQ	17 Education Technology	Pair Corr
0.62	WAFU	Wah Fu Education	Pair Corr
0.8	EDU	New Oriental Education	Pair Corr
0.85	GOTU	Gaotu Techedu DRC	Pair Corr
0.68	LXEH	Lixiang Education Holding	Pair Corr

Moving against Tarena Stock

0.43	EEIQ	Elite Education Group	Pair Corr
0.36	LRN	Stride Inc	Pair Corr
0.31	GHC	Graham Holdings	Pair Corr
0.52	MYND	Myndai, Symbol Change	Pair Corr
0.51	LINC	Lincoln Educational	Pair Corr
0.48	UTI	Universal Technical	Pair Corr
0.48	LTRE	Learning Tree Intern	Pair Corr
0.45	PRDO	Perdoceo Education Corp	Pair Corr
0.43	LAUR	Laureate Education	Pair Corr
0.38	LOPE	Grand Canyon Education	Pair Corr
0.52	APEI	American Public Education	Pair Corr
0.52	UDMY	Udemy Inc	Pair Corr
0.43	BTCT	BTC Digital	Pair Corr
0.42	F	Ford Motor Aggressive Push	Pair Corr
0.4	ATGE	Adtalem Global Education	Pair Corr
0.37	STRA	Strategic Education	Pair Corr

Related Correlations Analysis

	BAK	KNDI	CF	TSLA	BCE	LXFR	TV	ATEX
BAK		0.87	-0.27	-0.73	0.88	-0.63	0.35	0.6	BAK
KNDI	0.87		-0.34	-0.75	0.85	-0.77	0.11	0.58	KNDI
CF	-0.27	-0.34		0.56	-0.57	0.61	0.44	-0.44	CF
TSLA	-0.73	-0.75	0.56		-0.88	0.77	-0.06	-0.29	TSLA
BCE	0.88	0.85	-0.57	-0.88		-0.84	0.07	0.56	BCE
LXFR	-0.63	-0.77	0.61	0.77	-0.84		0.35	-0.52	LXFR
TV	0.35	0.11	0.44	-0.06	0.07	0.35		-0.21	TV
ATEX	0.6	0.58	-0.44	-0.29	0.56	-0.52	-0.21		ATEX
	BAK	KNDI	CF	TSLA	BCE	LXFR	TV	ATEX

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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

BCE	+ 0.88	BAK
KNDI	+ 0.87	BAK
BCE	+ 0.85	KNDI
LXFR	+ 0.77	TSLA
LXFR	+ 0.61	CF
ATEX	+ 0.6	BAK

High negative correlations

BCE	- 0.88	TSLA
LXFR	- 0.84	BCE
LXFR	- 0.77	KNDI
TSLA	- 0.75	KNDI
TSLA	- 0.73	BAK
LXFR	- 0.63	BAK

Risk-Adjusted Indicators

There is a big difference between Tarena Stock performing well and Tarena International 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 Tarena International'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
BAK	2.04	(0.33)	0.00	7.60	0.00	0.00	4.69	(4.63)	13.72
KNDI	3.38	(0.65)	0.00	(0.29)	0.00	0.00	7.36	(6.52)	30.17
CF	1.20	0.15	0.01	18.88	1.80	(1.10)	2.17	(2.22)	6.82
TSLA	3.14	0.60	0.23	0.40	2.65	(3.83)	8.19	(5.77)	28.06
BCE	0.88	(0.37)	0.00	(3.35)	0.00	0.00	1.53	(1.83)	12.47
LXFR	1.94	0.37	0.18	0.55	1.62	(2.55)	3.67	(2.96)	16.99
TV	2.88	(0.10)	(0.01)	0.05	4.18	(2.71)	5.38	(6.56)	20.33
ATEX	1.57	(0.03)	(0.06)	0.01	2.17	(1.58)	3.49	(3.79)	12.42

Tarena International Corporate Executives

Elected by the shareholders, the Tarena International's board of directors comprises two types of representatives: Tarena International inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Tarena. The board's role is to monitor Tarena International's management team and ensure that shareholders' interests are well served. Tarena International's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Tarena International's outside directors are responsible for providing unbiased perspectives on the board's policies.

Shaoyun Han

Founder Board

Profile

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