Tian Ruixiang Correlations
| TIRX Stock | USD 1.13 0.03 2.59% |
The current 90-days correlation between Tian Ruixiang Holdings and eHealth is -0.03 (i.e., Good diversification). The correlation of Tian Ruixiang 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.
Tian Ruixiang Correlation With Market
Significant diversification
The correlation between Tian Ruixiang Holdings and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tian Ruixiang Holdings and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Tian Stock
Moving against Tian Stock
| 0.68 | AIFU | Fanhua Inc Symbol Change | PairCorr |
| 0.46 | C | Citigroup Aggressive Push | PairCorr |
| 0.4 | BWIN | Baldwin Insurance | PairCorr |
| 0.39 | RELI | Reliance Global Group | PairCorr |
| 0.37 | L | Loews Corp | PairCorr |
| 0.61 | DIST | Distoken Acquisition | PairCorr |
| 0.48 | GS | Goldman Sachs Group | PairCorr |
| 0.46 | CG | Carlyle Group Earnings Call This Week | PairCorr |
| 0.44 | AX | Axos Financial | PairCorr |
| 0.43 | BX | Blackstone Group Normal Trading | PairCorr |
| 0.42 | DHIL | Diamond Hill Investment | PairCorr |
| 0.42 | IX | Orix Corp Ads | PairCorr |
| 0.38 | CM | Canadian Imperial Bank | PairCorr |
| 0.36 | BN | Brookfield Corp | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Tian Stock performing well and Tian Ruixiang 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 Tian Ruixiang'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RELI | 6.89 | 1.30 | 0.15 | (1.07) | 5.86 | 13.46 | 106.98 | |||
| HUIZ | 2.87 | 0.65 | 0.16 | 2.17 | 2.84 | 7.41 | 18.00 | |||
| SLQT | 2.99 | (0.66) | 0.00 | (0.44) | 0.00 | 5.88 | 23.65 | |||
| EHTH | 3.33 | (0.95) | 0.00 | (0.30) | 0.00 | 5.88 | 33.97 | |||
| WTO | 6.15 | (0.33) | 0.00 | (0.09) | 0.00 | 18.60 | 66.63 | |||
| SNTG | 2.38 | 0.13 | 0.04 | 0.28 | 2.55 | 5.00 | 19.19 | |||
| BAOS | 5.20 | 0.44 | 0.12 | 0.31 | 5.02 | 11.62 | 67.60 | |||
| WAFU | 2.47 | (0.16) | (0.04) | 0.02 | 2.52 | 4.96 | 15.73 | |||
| EEIQ | 4.29 | (0.13) | 0.00 | (0.09) | 0.00 | 8.00 | 55.00 |