Tarena Intl Correlations

Summary

TEDUDelisted Stock

USD 2.42 0.00 0.00%

The current 90-days correlation between Tarena Intl Adr and Bright Scholar Education is -0.09 (i.e., Good diversification). The correlation of Tarena Intl 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Tarena Intl Correlation With Market

Modest diversification

The correlation between Tarena Intl Adr and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tarena Intl Adr and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Tarena Stock

0.69	BKRKF	PT Bank Rakyat	Pair Corr
0.82	BKRKY	Bank Rakyat	Pair Corr
0.71	TLK	Telkom Indonesia Tbk	Pair Corr
0.84	PPERY	Bank Mandiri Persero	Pair Corr
0.79	PPERF	Bank Mandiri Persero	Pair Corr
0.76	PFE	Pfizer Inc Buyout Trend	Pair Corr
0.77	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.69	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr

Moving against Tarena Stock

0.87	DIS	Walt Disney	Pair Corr
0.8	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.8	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.73	CSCO	Cisco Systems	Pair Corr
0.73	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.57	SSNLF	Samsung Electronics	Pair Corr
0.55	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.53	AA	Alcoa Corp Sell-off Trend	Pair Corr
0.51	PTAIF	PT Astra International	Pair Corr
0.45	IBM	International Business Sell-off Trend	Pair Corr
0.35	MSFT	Microsoft Aggressive Push	Pair Corr
0.32	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr

Related Correlations Analysis

	BEDU	LAUR	CLEU	GEHI	ESINQ	ZMENY	QOEG	IH	AFYA
BEDU		-0.51	0.54	0.16	0.0	0.15	-0.44	0.55	0.01	BEDU
LAUR	-0.51		-0.88	-0.25	0.0	0.03	0.32	-0.6	-0.06	LAUR
CLEU	0.54	-0.88		0.39	0.0	0.06	-0.36	0.66	0.22	CLEU
GEHI	0.16	-0.25	0.39		0.0	0.29	0.09	-0.17	-0.05	GEHI
ESINQ	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	ESINQ
ZMENY	0.15	0.03	0.06	0.29	0.0		-0.37	0.04	-0.35	ZMENY
QOEG	-0.44	0.32	-0.36	0.09	0.0	-0.37		-0.51	0.07	QOEG
IH	0.55	-0.6	0.66	-0.17	0.0	0.04	-0.51		0.22	IH
AFYA	0.01	-0.06	0.22	-0.05	0.0	-0.35	0.07	0.22		AFYA
	BEDU	LAUR	CLEU	GEHI	ESINQ	ZMENY	QOEG	IH	AFYA

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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

IH	+ 0.66	CLEU
IH	+ 0.55	BEDU
CLEU	+ 0.54	BEDU
GEHI	+ 0.39	CLEU
QOEG	+ 0.32	LAUR
ZMENY	+ 0.29	GEHI

High negative correlations

CLEU	- 0.88	LAUR
IH	- 0.6	LAUR
IH	- 0.51	QOEG
LAUR	- 0.51	BEDU
QOEG	- 0.44	BEDU
QOEG	- 0.37	ZMENY

Risk-Adjusted Indicators

There is a big difference between Tarena Stock performing well and Tarena Intl 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 Intl'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
BEDU	2.22	0.27	0.05	(0.31)	2.70	(2.60)	5.38	(5.41)	13.53
LAUR	1.19	0.16	0.10	0.44	1.14	(1.34)	2.95	(2.16)	13.35
CLEU	3.34	(0.42)	0.00	(1.05)	0.00	0.00	11.11	(6.45)	28.10
GEHI	2.63	0.03	0.00	0.04	0.00	0.00	7.53	(7.67)	37.55
ESINQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ZMENY	14.17	3.91	0.18	7.26	12.16	(26.97)	47.06	(28.00)	103.99
QOEG	13.56	3.97	0.00	4.11	0.00	0.00	0.00	0.00	414.64
IH	2.74	0.41	0.09	(0.32)	2.86	(3.19)	6.16	(4.88)	22.95
AFYA	1.46	(0.09)	0.00	(1.12)	0.00	0.00	2.62	(2.61)	9.86

Delisting Warning - TEDU

Tarena Intl Adr was delisted

The entity Tarena Intl Adr with a symbol TEDU was delisted from NASDAQ Exchange. Please try Tarena International with a symbol TCTM from now on. Check all delisted instruments accross multiple markets.

Still Interested in Tarena Intl Adr?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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