Travel Leisure Correlations

TNL Stock

USD 47.18 0.42 0.88%

The current 90-days correlation between Travel Leisure and Yatra Online is -0.02 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Travel Leisure moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Travel Leisure Co moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Travel Leisure Correlation With Market

Poor diversification

The correlation between Travel Leisure Co and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Travel Leisure Co 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 Travel Leisure Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Travel Stock

0.74	EVRI	Everi Holdings	Pair Corr
0.77	FLUT	Flutter Entertainment plc	Pair Corr
0.65	CSV	Carriage Services	Pair Corr
0.66	DRI	Darden Restaurants	Pair Corr
0.76	EAT	Brinker International	Pair Corr
0.75	FAT	FAT Brands	Pair Corr
0.83	FWRG	First Watch Restaurant	Pair Corr
0.66	LTH	Life Time Group	Pair Corr
0.75	OSW	OneSpaWorld Holdings	Pair Corr
0.65	XPOF	Xponential Fitness	Pair Corr
0.66	FATBB	FAT Brands	Pair Corr
0.88	INSE	Inspired Entertainment	Pair Corr
0.62	LIND	Lindblad Expeditions Downward Rally	Pair Corr
0.71	NDLS	Noodles Company	Pair Corr
0.9	PBPB	Potbelly	Pair Corr

Moving against Travel Stock

0.6	WEN	The Wendys	Pair Corr
0.45	GENK	GEN Restaurant Group, Potential Growth	Pair Corr
0.31	QSR	Restaurant Brands	Pair Corr
0.41	RAVE	Rave Restaurant Group	Pair Corr

Related Correlations Analysis

	YTRA	DESP	SABRP	LIND	MOND	EXPE	TCOM	BKNG	MMYT
YTRA		-0.03	0.0	0.64	0.0	0.17	0.52	0.49	0.79	YTRA
DESP	-0.03		0.0	0.2	0.0	0.28	0.31	0.39	0.01	DESP
SABRP	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	SABRP
LIND	0.64	0.2	0.0		0.0	0.35	0.63	0.55	0.65	LIND
MOND	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	MOND
EXPE	0.17	0.28	0.0	0.35	0.0		-0.11	0.84	0.02	EXPE
TCOM	0.52	0.31	0.0	0.63	0.0	-0.11		0.14	0.7	TCOM
BKNG	0.49	0.39	0.0	0.55	0.0	0.84	0.14		0.35	BKNG
MMYT	0.79	0.01	0.0	0.65	0.0	0.02	0.7	0.35		MMYT
	YTRA	DESP	SABRP	LIND	MOND	EXPE	TCOM	BKNG	MMYT

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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

BKNG	+ 0.84	EXPE
MMYT	+ 0.79	YTRA
MMYT	+ 0.7	TCOM
MMYT	+ 0.65	LIND
LIND	+ 0.64	YTRA
TCOM	+ 0.63	LIND

High negative correlations

TCOM	- 0.11	EXPE
DESP	- 0.03	YTRA
MMYT	- 0.0	MOND
BKNG	- 0.0	MOND
TCOM	- 0.0	MOND
EXPE	- 0.0	MOND

Risk-Adjusted Indicators

There is a big difference between Travel Stock performing well and Travel Leisure 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 Travel Leisure'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
YTRA	2.18	(0.70)	(2.04)	3.00	(4.85)	13.13
DESP	0.17	(0.03)	(0.48)	0.26	(0.41)	0.94
SABRP	0.00	0.00	0.00	0.00	0.00	0.00
LIND	2.38	(0.23)	(0.20)	5.56	(5.28)	17.77
MOND	0.00	0.00	0.00	0.00	0.00	0.00
EXPE	1.80	0.03	(0.04)	2.98	(4.06)	24.55
TCOM	2.29	(0.12)	(0.23)	4.36	(3.95)	16.56
BKNG	1.38	(0.08)	(0.16)	2.47	(2.73)	9.06
MMYT	2.40	(0.14)	(0.27)	4.54	(5.24)	15.50

Travel Leisure Corporate Management

Christopher Agnew	Senior Relations	Profile
Stephen Holmes	Non-Executive Chairman of the Board	Profile
Lucinda Martinez	Independent Director	Profile
Amandine RobinCaplan	Chief Officer	Profile
Barry Goldschmidt	Vice Relations	Profile
Michael Valentino	Vice Communications	Profile

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