Yatra Online Correlations

YTRA Stock

USD 0.83 0.04 4.60%

The current 90-days correlation between Yatra Online and Travel Leisure Co is -0.02 (i.e., Good diversification). The correlation of Yatra Online 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.

Yatra Online Correlation With Market

Average diversification

The correlation between Yatra Online and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Yatra Online and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Yatra Online. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For information on how to trade Yatra Stock refer to our How to Trade Yatra Stock guide.

Moving together with Yatra Stock

0.89	SG	Sweetgreen	Pair Corr
0.78	WING	Wingstop	Pair Corr
0.94	CMG	Chipotle Mexican Grill	Pair Corr
0.78	DIN	Dine Brands Global	Pair Corr
0.82	FUN	Six Flags Entertainment	Pair Corr
0.7	FTDR	Frontdoor	Pair Corr
0.74	RGS	Regis Common	Pair Corr
0.86	GENK	GEN Restaurant Group,	Pair Corr
0.81	JACK	Jack In	Pair Corr
0.93	KRUS	Kura Sushi USA	Pair Corr

Moving against Yatra Stock

0.8	AGS	PlayAGS	Pair Corr
0.7	EVRI	Everi Holdings	Pair Corr
0.62	DRI	Darden Restaurants Buyout Trend	Pair Corr
0.43	DPZ	Dominos Pizza Common	Pair Corr
0.41	FAT	FAT Brands	Pair Corr
0.32	BDL	Flanigans Enterprises	Pair Corr
0.8	YUM	Yum Brands	Pair Corr
0.77	LNW	Light Wonder	Pair Corr
0.73	LTH	Life Time Group	Pair Corr
0.67	MCD	McDonalds	Pair Corr
0.37	YUMC	Yum China Holdings	Pair Corr
0.78	REBN	Reborn Coffee	Pair Corr
0.74	NATH	Nathans Famous	Pair Corr
0.7	PTLO	Portillos	Pair Corr
0.63	ARCO	Arcos Dorados Holdings	Pair Corr

Related Correlations Analysis

	DESP	SABRP	LIND	MOND	TCOM	TNL	ISPO	MMYT	TOUR	AMADY
DESP		0.0	-0.16	0.0	-0.42	0.15	0.36	-0.34	-0.04	0.26	DESP
SABRP	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	SABRP
LIND	-0.16	0.0		0.0	0.62	0.53	0.23	0.64	-0.62	-0.47	LIND
MOND	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	MOND
TCOM	-0.42	0.0	0.62	0.0		0.02	-0.07	0.75	-0.18	-0.35	TCOM
TNL	0.15	0.0	0.53	0.0	0.02		0.22	0.04	-0.23	0.08	TNL
ISPO	0.36	0.0	0.23	0.0	-0.07	0.22		-0.07	-0.35	-0.28	ISPO
MMYT	-0.34	0.0	0.64	0.0	0.75	0.04	-0.07		-0.48	-0.64	MMYT
TOUR	-0.04	0.0	-0.62	0.0	-0.18	-0.23	-0.35	-0.48		0.68	TOUR
AMADY	0.26	0.0	-0.47	0.0	-0.35	0.08	-0.28	-0.64	0.68		AMADY
	DESP	SABRP	LIND	MOND	TCOM	TNL	ISPO	MMYT	TOUR	AMADY

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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

MMYT	+ 0.75	TCOM
AMADY	+ 0.68	TOUR
MMYT	+ 0.64	LIND
TCOM	+ 0.62	LIND
TNL	+ 0.53	LIND
ISPO	+ 0.36	DESP

High negative correlations

AMADY	- 0.64	MMYT
TOUR	- 0.62	LIND
TOUR	- 0.48	MMYT
AMADY	- 0.47	LIND
TCOM	- 0.42	DESP
TOUR	- 0.35	ISPO

Risk-Adjusted Indicators

There is a big difference between Yatra Stock performing well and Yatra Online 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 Yatra Online'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
DESP	1.04	0.31	0.19	0.35	1.10	(1.43)	0.42	(1.28)	33.61
SABRP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LIND	2.45	(0.10)	0.00	(0.15)	0.00	0.00	5.86	(5.45)	17.77
MOND	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TCOM	2.23	(0.04)	0.00	(0.14)	0.00	0.00	4.36	(4.16)	16.56
TNL	1.44	(0.03)	0.00	(0.10)	0.00	0.00	2.91	(4.34)	9.49
ISPO	4.41	0.35	0.08	(3.31)	4.83	(5.21)	9.46	(8.40)	23.42
MMYT	2.39	(0.18)	0.00	(0.30)	0.00	0.00	4.54	(5.25)	15.50
TOUR	1.91	0.01	0.02	(0.01)	2.40	(2.53)	4.72	(3.88)	14.76
AMADY	1.16	0.11	0.14	2.03	1.24	(1.39)	2.61	(1.89)	7.79

Yatra Online Corporate Management

Anuj Sethi	Principal Officer	Profile
Rajesh Bhanot	Chief Officer	Profile
Sabina Chopra	CoFounder Hotels	Profile
Manish Hemrajani	Vice Relations	Profile
Gautam Kaul	Chief Routes	Profile

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