Tuniu Corp Correlations

TOUR Stock

USD 0.96 0.01 1.05%

The current 90-days correlation between Tuniu Corp and Yatra Online is 0.11 (i.e., Average 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

Significant diversification

The correlation between Tuniu Corp and DJI is 0.07 (i.e., Significant 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.

Build AI portfolio with Tuniu Stock

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 main economic indicators.

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

Moving together with Tuniu Stock

0.72	EC	Ecopetrol SA ADR	Pair Corr
0.63	AMRX	Amneal Pharmaceuticals, Sell-off Trend	Pair Corr
0.75	PK	Park Hotels Resorts	Pair Corr
0.65	RMCO	Royalty Management	Pair Corr
0.61	BTE	Baytex Energy Corp	Pair Corr
0.69	DSVSF	Discovery Metals Corp	Pair Corr
0.63	SSL	Sasol	Pair Corr
0.77	SCCO	Southern Copper	Pair Corr
0.78	RTYUSD	Micro E mini	Pair Corr
0.61	DOMH	Dominari Holdings	Pair Corr

Moving against Tuniu Stock

0.53	KEP	Korea Electric Power	Pair Corr
0.5	PIFMY	Indofood Sukses Makmur	Pair Corr
0.49	WSNAF	Wesana Health Holdings	Pair Corr
0.46	PTAIF	PT Astra International	Pair Corr
0.35	DHR	Danaher	Pair Corr

Related Correlations Analysis

	TCOM	YTRA	TNL	ISPO	MOND	CMCM	XNET	FENG
TCOM		0.81	0.62	-0.17	0.0	0.9	0.84	0.85	TCOM
YTRA	0.81		0.63	-0.09	0.0	0.68	0.87	0.64	YTRA
TNL	0.62	0.63		-0.57	0.0	0.51	0.58	0.4	TNL
ISPO	-0.17	-0.09	-0.57		0.0	-0.25	-0.16	-0.06	ISPO
MOND	0.0	0.0	0.0	0.0		0.0	0.0	0.0	MOND
CMCM	0.9	0.68	0.51	-0.25	0.0		0.78	0.84	CMCM
XNET	0.84	0.87	0.58	-0.16	0.0	0.78		0.77	XNET
FENG	0.85	0.64	0.4	-0.06	0.0	0.84	0.77		FENG
	TCOM	YTRA	TNL	ISPO	MOND	CMCM	XNET	FENG

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

CMCM	+ 0.9	TCOM
XNET	+ 0.87	YTRA
FENG	+ 0.85	TCOM
XNET	+ 0.84	TCOM
FENG	+ 0.84	CMCM
YTRA	+ 0.81	TCOM

High negative correlations

ISPO	- 0.57	TNL
CMCM	- 0.25	ISPO
ISPO	- 0.17	TCOM
XNET	- 0.16	ISPO
ISPO	- 0.09	YTRA
FENG	- 0.06	ISPO

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
TCOM	1.59	0.31	0.17	0.56	1.35	(1.92)	3.42	(2.51)	17.85
YTRA	1.96	0.64	0.26	2.34	1.22	(3.61)	4.00	(2.17)	30.96
TNL	1.26	0.03	0.08	0.08	1.20	(1.56)	2.74	(1.82)	11.23
ISPO	2.55	(0.21)	0.00	(1.14)	0.00	0.00	7.33	(4.05)	15.57
MOND	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CMCM	4.28	1.03	0.25	3.26	3.58	(5.15)	14.06	(6.27)	24.83
XNET	4.22	1.33	0.38	3.00	2.91	(5.93)	11.63	(5.06)	47.80
FENG	3.57	0.47	0.10	(1.28)	3.59	(4.66)	10.36	(6.87)	24.30

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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