TripAdvisor Correlations

TRIP Stock

USD 14.81 0.47 3.28%

The current 90-days correlation between TripAdvisor and Despegar Corp is 0.09 (i.e., Significant diversification). The correlation of TripAdvisor 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.

TripAdvisor Correlation With Market

Significant diversification

The correlation between TripAdvisor 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 TripAdvisor 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 TripAdvisor. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

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

Moving together with TripAdvisor Stock

0.7	NCLH	Norwegian Cruise Line Aggressive Push	Pair Corr
0.74	CCL	Carnival Earnings Call This Week	Pair Corr
0.83	RCL	Royal Caribbean Cruises	Pair Corr
0.65	TNL	Travel Leisure	Pair Corr
0.8	VIK	Viking Holdings	Pair Corr
0.74	LIND	Lindblad Expeditions	Pair Corr
0.66	MSSAW	Metal Sky Star	Pair Corr
0.69	BA	Boeing Buyout Trend	Pair Corr
0.72	CP	Canadian Pacific Railway Sell-off Trend	Pair Corr
0.85	CR	Crane Company	Pair Corr
0.75	DY	Dycom Industries	Pair Corr

Moving against TripAdvisor Stock

0.36	TOUR	Tuniu Corp	Pair Corr
0.31	SABR	Sabre Corpo	Pair Corr
0.34	GD	General Dynamics	Pair Corr

Related Correlations Analysis

	BKNG	ABNB	RCL	NCLH	MMYT	TOUR	DESP	EXPE	SABRP	MOND
BKNG		0.72	0.46	0.54	0.35	-0.57	-0.1	0.85	0.0	0.0	BKNG
ABNB	0.72		0.43	0.27	-0.08	-0.2	0.06	0.81	0.0	0.0	ABNB
RCL	0.46	0.43		0.82	0.51	-0.53	0.02	0.35	0.0	0.0	RCL
NCLH	0.54	0.27	0.82		0.77	-0.8	-0.09	0.29	0.0	0.0	NCLH
MMYT	0.35	-0.08	0.51	0.77		-0.65	-0.09	0.01	0.0	0.0	MMYT
TOUR	-0.57	-0.2	-0.53	-0.8	-0.65		0.12	-0.33	0.0	0.0	TOUR
DESP	-0.1	0.06	0.02	-0.09	-0.09	0.12		0.03	0.0	0.0	DESP
EXPE	0.85	0.81	0.35	0.29	0.01	-0.33	0.03		0.0	0.0	EXPE
SABRP	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	SABRP
MOND	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		MOND
	BKNG	ABNB	RCL	NCLH	MMYT	TOUR	DESP	EXPE	SABRP	MOND

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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

EXPE	+ 0.85	BKNG
NCLH	+ 0.82	RCL
EXPE	+ 0.81	ABNB
MMYT	+ 0.77	NCLH
ABNB	+ 0.72	BKNG
NCLH	+ 0.54	BKNG

High negative correlations

TOUR	- 0.8	NCLH
TOUR	- 0.65	MMYT
TOUR	- 0.57	BKNG
TOUR	- 0.53	RCL
EXPE	- 0.33	TOUR
TOUR	- 0.2	ABNB

Risk-Adjusted Indicators

There is a big difference between TripAdvisor Stock performing well and TripAdvisor 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 TripAdvisor'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
BKNG	1.37	(0.18)	0.00	0.35	0.00	0.00	2.47	(2.73)	9.06
ABNB	1.79	(0.05)	0.00	(0.20)	0.00	0.00	3.32	(5.08)	20.40
RCL	1.98	(0.16)	0.00	0.27	0.00	0.00	3.49	(5.85)	19.63
NCLH	2.16	(0.51)	0.00	1.24	0.00	0.00	3.56	(5.31)	14.35
MMYT	2.46	(0.18)	0.00	0.23	0.00	0.00	4.54	(5.24)	15.50
TOUR	1.73	0.15	0.10	(0.40)	2.02	(2.35)	4.00	(3.85)	14.08
DESP	1.08	0.53	2.13	3.07	0.00	(1.43)	0.31	(0.41)	33.61
EXPE	1.82	(0.10)	0.00	0.22	0.00	0.00	2.75	(4.06)	24.55
SABRP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MOND	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

TripAdvisor Corporate Management

Seth Kalvert	Sr. VP, General Counsel and Secretary	Profile
Almir Ambeskovic	Chief TheFork	Profile
Barry Diller	Special Advisor	Profile
John Boris	Chief Officer	Profile
Seth JD	Chief Secretary	Profile
Geoffrey Gouvalaris	VP Officer	Profile

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