Trip Group Correlations

TCOM Stock

USD 70.15 1.60 2.23%

The current 90-days correlation between Trip Group and JD Inc Adr is 0.36 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Trip Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Trip Group Ltd moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Trip Group Correlation With Market

Very weak diversification

The correlation between Trip Group Ltd and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Trip Group Ltd and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Trip Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Trip Group Ltd. 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.

Moving together with Trip Stock

0.67	CHH	Choice Hotels Intern	Pair Corr
0.69	000524	Guangzhou Dongfang Hotel	Pair Corr
0.71	000428	Huatian Hotel Group	Pair Corr
0.69	BKNG	Booking Holdings	Pair Corr

Moving against Trip Stock

0.56	IHG	InterContinental Hotels	Pair Corr
0.48	PPH	PPHE Hotel Group	Pair Corr
0.39	H	Hyatt Hotels	Pair Corr
0.36	YTRA	Yatra Online	Pair Corr
0.35	TNL	Travel Leisure	Pair Corr
0.62	LVMHF	LVMH Mot Hennessy	Pair Corr
0.6	JTBK	Jetblack Corp	Pair Corr
0.42	MPW	Medical Properties Trust	Pair Corr
0.39	F	Ford Motor	Pair Corr
0.37	PCWLF	PCCW Limited	Pair Corr
0.34	SCBFF	Standard Chartered PLC	Pair Corr

Related Correlations Analysis

	JD	F	DHI	EXPE	ROST	CPRT	CMG	LVS	EBAY	CCL
JD		-0.6	0.59	-0.72	-0.76	0.74	0.73	-0.76	0.71	0.76	JD
F	-0.6		-0.59	0.69	0.77	-0.79	-0.7	0.85	-0.48	-0.75	F
DHI	0.59	-0.59		-0.38	-0.44	0.68	0.65	-0.51	0.51	0.76	DHI
EXPE	-0.72	0.69	-0.38		0.75	-0.75	-0.68	0.83	-0.56	-0.66	EXPE
ROST	-0.76	0.77	-0.44	0.75		-0.88	-0.61	0.82	-0.6	-0.81	ROST
CPRT	0.74	-0.79	0.68	-0.75	-0.88		0.72	-0.82	0.71	0.94	CPRT
CMG	0.73	-0.7	0.65	-0.68	-0.61	0.72		-0.87	0.87	0.72	CMG
LVS	-0.76	0.85	-0.51	0.83	0.82	-0.82	-0.87		-0.71	-0.77	LVS
EBAY	0.71	-0.48	0.51	-0.56	-0.6	0.71	0.87	-0.71		0.71	EBAY
CCL	0.76	-0.75	0.76	-0.66	-0.81	0.94	0.72	-0.77	0.71		CCL
	JD	F	DHI	EXPE	ROST	CPRT	CMG	LVS	EBAY	CCL

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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

CCL	+ 0.94	CPRT
EBAY	+ 0.87	CMG
LVS	+ 0.85	F
LVS	+ 0.83	EXPE
LVS	+ 0.82	ROST
ROST	+ 0.77	F

High negative correlations

CPRT	- 0.88	ROST
LVS	- 0.87	CMG
LVS	- 0.82	CPRT
CCL	- 0.81	ROST
CPRT	- 0.79	F
CCL	- 0.77	LVS

Risk-Adjusted Indicators

There is a big difference between Trip Stock performing well and Trip Group 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 Trip Group'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
JD	1.71	(0.15)	0.00	(0.04)	0.00	0.00	3.40	(2.93)	11.98
F	1.49	0.10	0.07	0.14	1.67	(1.69)	3.38	(2.35)	16.30
DHI	1.55	(0.35)	0.00	(0.16)	0.00	0.00	3.16	(3.56)	9.43
EXPE	2.01	0.23	0.12	0.19	2.10	(2.17)	3.61	(3.07)	25.30
ROST	0.89	0.19	0.17	0.28	0.69	(0.94)	2.54	(1.47)	9.16
CPRT	0.97	(0.38)	0.00	(0.90)	0.00	0.00	1.58	(2.49)	6.88
CMG	1.66	(0.37)	0.00	(0.18)	0.00	0.00	3.70	(3.29)	21.88
LVS	1.72	0.32	0.12	0.58	2.21	(1.85)	3.39	(2.65)	14.76
EBAY	1.44	(0.21)	0.00	(0.09)	0.00	0.00	2.52	(2.90)	20.15
CCL	1.68	(0.38)	0.00	(0.18)	0.00	0.00	3.54	(3.98)	12.90

Trip Group Corporate Management

Yaming Ye	Vice Technology	Profile
Jianzhang Liang	CoFounder Chairman	Profile
Xiong Xing	Chief Officer	Profile
Jie Sun	CEO Director	Profile

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