TuanChe ADR Correlations

TC Stock

USD 14.80 1.49 9.15%

The current 90-days correlation between TuanChe ADR and MoneyHero Limited Class is 0.04 (i.e., Significant diversification). The correlation of TuanChe ADR 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.

TuanChe ADR Correlation With Market

Average diversification

The correlation between TuanChe ADR and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TuanChe ADR and DJI in the same portfolio, assuming nothing else is changed.

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TuanChe ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in private.

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

Moving together with TuanChe Stock

0.62	GOOG	Alphabet Class C	Pair Corr
0.63	IZEA	IZEA Inc	Pair Corr
0.61	GOOG	Alphabet CDR	Pair Corr
0.62	GOOGL	Alphabet Class A	Pair Corr

Moving against TuanChe Stock

0.8	WB	Weibo Corp	Pair Corr
0.8	DHX	DHI Group	Pair Corr
0.79	DUO	Fangdd Network Group	Pair Corr
0.75	META	Meta Platforms	Pair Corr
0.73	SLE	Super League Enterprise	Pair Corr
0.71	GENI	Genius Sports	Pair Corr
0.7	DAR	Darelle Online Solutions	Pair Corr
0.67	RUM	Rumble Inc	Pair Corr
0.66	GITS	Global Interactive Symbol Change	Pair Corr
0.65	BZ	Kanzhun Ltd ADR	Pair Corr
0.63	WBTN	WEBTOON Entertainment	Pair Corr
0.5	IPM	Intelligent Protection Symbol Change	Pair Corr
0.5	MTCH	Match Group	Pair Corr
0.49	YELP	Yelp Inc	Pair Corr
0.49	AUTO	Auto Trader Group	Pair Corr
0.43	GTM	ZoomInfo Technologies Symbol Change	Pair Corr
0.32	MNY	MoneyHero Limited Class	Pair Corr
0.82	ANGI	ANGI Homeservices	Pair Corr
0.75	TZOO	Travelzoo	Pair Corr
0.74	RGVNF	Regent Ventures	Pair Corr
0.71	ATHM	Autohome	Pair Corr
0.67	MGMA	Metro Global Media	Pair Corr
0.65	PSQH	PSQ Holdings	Pair Corr
0.64	BZFD	BuzzFeed	Pair Corr
0.61	TRVG	Trivago NV	Pair Corr
0.38	SHO	Sportshero	Pair Corr
0.36	SBIO	Sabio Holdings	Pair Corr
0.31	CARS	Cars Inc	Pair Corr

Related Correlations Analysis

	MNY	ZDGE	PODC	SCOR	BODI	SDM	RDI	INUV	ABLV	TZUP
MNY		0.2	-0.35	-0.32	0.06	0.71	0.53	0.35	0.15	0.25	MNY
ZDGE	0.2		-0.69	0.4	-0.55	0.27	0.68	0.58	0.72	0.62	ZDGE
PODC	-0.35	-0.69		-0.39	0.44	-0.39	-0.8	-0.79	-0.7	-0.75	PODC
SCOR	-0.32	0.4	-0.39		-0.46	-0.45	0.2	0.13	0.48	0.44	SCOR
BODI	0.06	-0.55	0.44	-0.46		-0.06	-0.61	-0.32	-0.49	-0.24	BODI
SDM	0.71	0.27	-0.39	-0.45	-0.06		0.63	0.64	0.19	0.24	SDM
RDI	0.53	0.68	-0.8	0.2	-0.61	0.63		0.8	0.6	0.59	RDI
INUV	0.35	0.58	-0.79	0.13	-0.32	0.64	0.8		0.53	0.72	INUV
ABLV	0.15	0.72	-0.7	0.48	-0.49	0.19	0.6	0.53		0.7	ABLV
TZUP	0.25	0.62	-0.75	0.44	-0.24	0.24	0.59	0.72	0.7		TZUP
	MNY	ZDGE	PODC	SCOR	BODI	SDM	RDI	INUV	ABLV	TZUP

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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

INUV	+ 0.8	RDI
ABLV	+ 0.72	ZDGE
TZUP	+ 0.72	INUV
SDM	+ 0.71	MNY
TZUP	+ 0.7	ABLV
RDI	+ 0.68	ZDGE

High negative correlations

RDI	- 0.8	PODC
INUV	- 0.79	PODC
TZUP	- 0.75	PODC
ABLV	- 0.7	PODC
PODC	- 0.69	ZDGE
RDI	- 0.61	BODI

Risk-Adjusted Indicators

There is a big difference between TuanChe Stock performing well and TuanChe ADR 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 TuanChe ADR'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
MNY	4.82	(0.61)	0.00	(0.29)	0.00	0.00	11.68	(10.56)	39.95
ZDGE	3.46	(0.16)	0.00	(0.17)	0.00	0.00	6.38	(6.58)	31.44
PODC	3.42	0.58	0.14	0.76	3.65	(4.28)	8.98	(6.11)	22.74
SCOR	3.42	0.06	0.03	0.11	3.35	(4.78)	6.35	(6.36)	55.03
BODI	4.63	1.02	0.23	(9.45)	3.72	(6.34)	16.28	(5.89)	26.46
SDM	3.35	(0.55)	0.00	0.56	0.00	0.00	8.11	(1.36)	107.73
RDI	1.99	(0.39)	0.00	(1.02)	0.00	0.00	3.25	(4.72)	11.74
INUV	3.26	(0.34)	0.00	(0.07)	0.00	0.00	7.12	(7.61)	25.87
ABLV	4.52	0.07	0.00	0.27	5.80	(5.63)	8.70	(10.58)	54.31
TZUP	4.84	(0.10)	(0.01)	0.00	6.28	(4.85)	11.03	(9.80)	29.93

TuanChe ADR Corporate Management

Wei Wen	Chairman CoFounder	Profile
Chenxi Yu	Deputy Officer	Profile
Sav Persico	Chief Officer	Profile
Si Li	Chief Officer	Profile
Xiuhua Yang	Compliance Officer	Profile

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