Correlation Between CLPS and Tuniu Corp

Can any of the company-specific risk be diversified away by investing in both CLPS and Tuniu Corp at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining CLPS and Tuniu Corp into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between CLPS Inc and Tuniu Corp, you can compare the effects of market volatilities on CLPS and Tuniu Corp and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in CLPS with a short position of Tuniu Corp. Check out your portfolio center. Please also check ongoing floating volatility patterns of CLPS and Tuniu Corp.

Diversification Opportunities for CLPS and Tuniu Corp

0.28

Correlation Coefficient

CLPS  Tuniu Corp

Modest diversification

The 3 months correlation between CLPS and Tuniu is 0.28. Overlapping area represents the amount of risk that can be diversified away by holding CLPS Inc and Tuniu Corp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Tuniu Corp and CLPS is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on CLPS Inc are associated (or correlated) with Tuniu Corp. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Tuniu Corp has no effect on the direction of CLPS i.e., CLPS and Tuniu Corp go up and down completely randomly.

Pair Corralation between CLPS and Tuniu Corp

Given the investment horizon of 90 days CLPS Inc is expected to generate 2.54 times more return on investment than Tuniu Corp. However, CLPS is 2.54 times more volatile than Tuniu Corp. It trades about 0.03 of its potential returns per unit of risk. Tuniu Corp is currently generating about 0.01 per unit of risk. If you would invest  96.00  in CLPS Inc on July 28, 2025 and sell it today you would earn a total of  0.00  from holding CLPS Inc or generate 0.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Very Weak
Accuracy	100.0%
Values	Daily Returns

CLPS Inc  vs.  Tuniu Corp

CLPS Inc

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in CLPS Inc are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively uncertain basic indicators, CLPS unveiled solid returns over the last few months and may actually be approaching a breakup point.

Tuniu Corp

Risk-Adjusted Performance

Weakest

Over the last 90 days Tuniu Corp has generated negative risk-adjusted returns adding no value to investors with long positions. Even with relatively invariable basic indicators, Tuniu Corp is not utilizing all of its potentials. The latest stock price agitation, may contribute to short-term losses for the retail investors.

Pair Trading with CLPS and Tuniu Corp

The main advantage of trading using opposite CLPS and Tuniu Corp positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if CLPS position performs unexpectedly, Tuniu Corp can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Tuniu Corp will offset losses from the drop in Tuniu Corp's long position.

The idea behind CLPS Inc and Tuniu Corp pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.