Tuniu Corp Correlations

TOUR Stock

USD 1.08 0.01 0.92%

The current 90-days correlation between Tuniu Corp and MakeMyTrip Limited is -0.26 (i.e., Very good diversification). The correlation of Tuniu Corp 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.

Tuniu Corp Correlation With Market

Good diversification

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

To learn how to invest in Tuniu Stock, please use our How to Invest in Tuniu Corp guide.

Moving against Tuniu Stock

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0.56	H	Hyatt Hotels	Pair Corr
0.56	CUK	Carnival Plc ADS	Pair Corr
0.53	WH	Wyndham Hotels Resorts	Pair Corr
0.49	BYD	Boyd Gaming	Pair Corr
0.47	CSV	Carriage Services	Pair Corr
0.46	DNUT	Krispy Kreme	Pair Corr
0.42	CZR	Caesars Entertainment	Pair Corr
0.41	BH	Biglari Holdings	Pair Corr
0.4	WING	Wingstop	Pair Corr
0.37	FLUT	Flutter Entertainment plc	Pair Corr
0.35	CHH	Choice Hotels Intern	Pair Corr
0.33	EXPE	Expedia Group	Pair Corr
0.61	FUN	Six Flags Entertainment	Pair Corr
0.57	FTDR	Frontdoor	Pair Corr
0.53	XPOF	Xponential Fitness	Pair Corr
0.51	IHG	InterContinental Hotels	Pair Corr
0.51	MAR	Marriott International	Pair Corr
0.5	OSW	OneSpaWorld Holdings	Pair Corr
0.39	HGV	Hilton Grand Vacations	Pair Corr
0.38	HLT	Hilton Worldwide Holdings	Pair Corr
0.38	FWRG	First Watch Restaurant	Pair Corr
0.36	FLL	Full House Resorts	Pair Corr
0.31	EAT	Brinker International	Pair Corr

Related Correlations Analysis

	TRIP	MMYT	BKNG	DESP	AMADF	TNL	SABRP	ISPOW	LIND
TRIP		0.23	-0.04	0.41	-0.15	0.62	0.0	0.59	0.63	TRIP
MMYT	0.23		0.48	-0.36	-0.61	0.02	0.0	-0.02	0.64	MMYT
BKNG	-0.04	0.48		-0.39	-0.34	0.42	0.0	-0.22	0.47	BKNG
DESP	0.41	-0.36	-0.39		0.28	0.15	0.0	0.45	-0.15	DESP
AMADF	-0.15	-0.61	-0.34	0.28		0.05	0.0	-0.17	-0.45	AMADF
TNL	0.62	0.02	0.42	0.15	0.05		0.0	0.33	0.51	TNL
SABRP	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	SABRP
ISPOW	0.59	-0.02	-0.22	0.45	-0.17	0.33	0.0		0.25	ISPOW
LIND	0.63	0.64	0.47	-0.15	-0.45	0.51	0.0	0.25		LIND
	TRIP	MMYT	BKNG	DESP	AMADF	TNL	SABRP	ISPOW	LIND

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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

LIND	+ 0.64	MMYT
LIND	+ 0.63	TRIP
TNL	+ 0.62	TRIP
ISPOW	+ 0.59	TRIP
LIND	+ 0.51	TNL
BKNG	+ 0.48	MMYT

High negative correlations

AMADF	- 0.61	MMYT
LIND	- 0.45	AMADF
DESP	- 0.39	BKNG
DESP	- 0.36	MMYT
AMADF	- 0.34	BKNG
ISPOW	- 0.22	BKNG

Risk-Adjusted Indicators

There is a big difference between Tuniu Stock performing well and Tuniu Corp 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 Tuniu Corp'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
TRIP	2.03	0.25	0.06	0.04	2.81	(2.12)	4.41	(5.84)	22.34
MMYT	2.35	(0.21)	0.00	(0.40)	0.00	0.00	4.23	(5.25)	15.50
BKNG	1.37	(0.13)	0.00	(0.24)	0.00	0.00	2.25	(4.11)	9.06
DESP	1.10	0.36	0.23	0.41	1.10	(1.46)	0.52	(1.28)	33.61
AMADF	2.62	0.14	0.09	(0.56)	2.83	(2.87)	5.68	(5.34)	11.89
TNL	1.41	(0.05)	0.00	(0.13)	0.00	0.00	2.76	(4.34)	9.49
SABRP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ISPOW	7.71	1.26	0.07	0.39	9.04	(17.97)	28.57	(23.08)	73.33
LIND	2.46	(0.08)	0.00	(0.16)	0.00	0.00	5.86	(5.45)	17.77

Tuniu Corp Corporate Management

Dunde Yu	Chairman Founder	Profile
Anqiang Chen	Financial Controller	Profile
Mary Chen	Investor Director	Profile
Li Li	General Manager - organized tour department	Profile

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