Tuniu Corp Correlations

TOUR Stock

USD 0.85 0.02 2.30%

The current 90-days correlation between Tuniu Corp and Yatra Online is -0.04 (i.e., Good 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

Modest diversification

The correlation between Tuniu Corp and DJI is 0.27 (i.e., Modest 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.

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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 employment.

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

Moving together with Tuniu Stock

0.69	MCD	McDonalds	Pair Corr
0.64	HTHT	Huazhu Group	Pair Corr

Moving against Tuniu Stock

0.57	DKNG	DraftKings	Pair Corr
0.56	EM	Smart Share Global	Pair Corr
0.53	BH	Biglari Holdings	Pair Corr
0.53	CDROW	Codere Online Luxembourg	Pair Corr
0.52	EAT	Brinker International	Pair Corr
0.46	FLUT	Flutter Entertainment plc	Pair Corr
0.45	CMG	Chipotle Mexican Grill Earnings Call This Week	Pair Corr
0.43	CUK	Carnival Plc ADS	Pair Corr
0.43	RRR	Red Rock Resorts Earnings Call Tomorrow	Pair Corr
0.41	BDL	Flanigans Enterprises	Pair Corr
0.38	DRI	Darden Restaurants	Pair Corr
0.35	BYD	Boyd Gaming Earnings Call This Week	Pair Corr
0.33	CSV	Carriage Services	Pair Corr
0.31	DIN	Dine Brands Global	Pair Corr
0.57	PLAY	Dave Busters Enterta	Pair Corr
0.53	LOCO	El Pollo Loco	Pair Corr
0.5	CAKE	The Cheesecake Factory	Pair Corr
0.45	CBRL	Cracker Barrel Old	Pair Corr
0.43	KRUS	Kura Sushi USA	Pair Corr
0.43	W	Wayfair	Pair Corr
0.42	MLCO	Melco Resorts Entert	Pair Corr
0.4	AN	AutoNation	Pair Corr

Related Correlations Analysis

	TCOM	YTRA	TNL	ISPO	MOND	CMCM	XNET	FENG
TCOM		0.11	0.45	-0.26	0.0	0.28	0.59	0.65	TCOM
YTRA	0.11		0.67	0.51	0.0	0.72	0.42	0.4	YTRA
TNL	0.45	0.67		-0.06	0.0	0.87	0.22	0.7	TNL
ISPO	-0.26	0.51	-0.06		0.0	-0.08	0.23	-0.17	ISPO
MOND	0.0	0.0	0.0	0.0		0.0	0.0	0.0	MOND
CMCM	0.28	0.72	0.87	-0.08	0.0		0.19	0.54	CMCM
XNET	0.59	0.42	0.22	0.23	0.0	0.19		0.47	XNET
FENG	0.65	0.4	0.7	-0.17	0.0	0.54	0.47		FENG
	TCOM	YTRA	TNL	ISPO	MOND	CMCM	XNET	FENG

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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

CMCM	+ 0.87	TNL
CMCM	+ 0.72	YTRA
FENG	+ 0.7	TNL
TNL	+ 0.67	YTRA
FENG	+ 0.65	TCOM
XNET	+ 0.59	TCOM

High negative correlations

ISPO	- 0.26	TCOM
FENG	- 0.17	ISPO
CMCM	- 0.08	ISPO
ISPO	- 0.06	TNL
FENG	- 0.0	MOND
XNET	- 0.0	MOND

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	1.52	0.11	0.03	0.34	1.89	(1.72)	3.15	(2.25)	13.43
YTRA	2.51	0.44	0.06	(2.78)	3.27	(3.61)	6.15	(5.80)	17.58
TNL	1.32	0.32	0.28	0.36	0.91	(1.60)	4.09	(1.89)	9.37
ISPO	2.69	(0.26)	0.00	(0.64)	0.00	0.00	5.72	(6.45)	27.07
MOND	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CMCM	2.28	0.57	0.18	92.67	1.99	(2.79)	5.02	(3.60)	11.64
XNET	4.45	0.34	0.06	0.38	5.80	(4.96)	9.68	(8.47)	36.92
FENG	3.63	0.37	0.11	0.36	3.63	(4.32)	9.26	(6.94)	25.00

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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