TRIP GROUP Correlations

CLVB Stock

EUR 61.00 1.16 1.94%

The current 90-days correlation between TRIPCOM GROUP DL and United Rentals is 0.01 (i.e., Significant diversification). The correlation of TRIP GROUP 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.

The ability to find closely correlated positions to TRIP GROUP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TRIP GROUP when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back TRIP GROUP - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling TRIPCOM GROUP DL 00125 to buy it.

Moving together with TRIP Stock

0.78	WD5A	TRAVEL LEISURE DL	Pair Corr
0.85	TUI1	TUI AG	Pair Corr
0.64	T6A	TripAdvisor	Pair Corr
0.8	6T8	FOSTOURGRP EO 0001	Pair Corr
0.71	2T9A	TRAINLINE PLC LS	Pair Corr
0.9	PJM	PT Bumi Resources Earnings Call Tomorrow	Pair Corr
0.88	C6T	China Construction Bank	Pair Corr
0.8	ICK	Industrial and Commercial	Pair Corr
0.74	E6Q	GOLD ROAD RES	Pair Corr
0.63	ECJ	Ecolab Inc	Pair Corr
0.64	ITB	Imperial Brands PLC	Pair Corr
0.72	GZ3	Yuexiu Transport Inf	Pair Corr
0.8	1RF	SITKA GOLD P	Pair Corr
0.62	910	Appian Corp	Pair Corr
0.76	UF3	UFP Industries	Pair Corr
0.91	013A	JD Inc Adr	Pair Corr
0.87	EK7A	AGRICULTBK HADR/25	Pair Corr
0.94	PZX	Ping An Insurance	Pair Corr
0.68	UWS	Waste Management	Pair Corr
0.7	3EAG	G8 EDUCATION	Pair Corr
0.91	JBL	JABIL CIRCUIT	Pair Corr
0.83	BN9	Bank of New York Mellon	Pair Corr
0.79	788	Coupang	Pair Corr
0.62	IUI1	INTUITIVE SURGICAL	Pair Corr
0.77	AHLA	Alibaba Group Holdings	Pair Corr

Moving against TRIP Stock

0.7	OB8	PT Barito Pacific	Pair Corr
0.42	TCID	Telkom Indonesia Tbk	Pair Corr
0.39	BYRA	PT Bank Rakyat	Pair Corr
0.35	HVB	ÜSTRA Hannoversche	Pair Corr
0.32	WPY	W P Carey	Pair Corr

Related Correlations Analysis

	UR3	CWW	FFC0	UR3	751	NB9	LNSX	LLC
UR3		0.57	0.46	0.98	-0.52	0.72	-0.67	-0.07	UR3
CWW	0.57		0.29	0.57	-0.46	0.84	-0.77	-0.32	CWW
FFC0	0.46	0.29		0.53	-0.27	0.39	-0.3	-0.17	FFC0
UR3	0.98	0.57	0.53		-0.53	0.73	-0.68	-0.08	UR3
751	-0.52	-0.46	-0.27	-0.53		-0.69	0.57	0.59	751
NB9	0.72	0.84	0.39	0.73	-0.69		-0.77	-0.49	NB9
LNSX	-0.67	-0.77	-0.3	-0.68	0.57	-0.77		0.29	LNSX
LLC	-0.07	-0.32	-0.17	-0.08	0.59	-0.49	0.29		LLC
	UR3	CWW	FFC0	UR3	751	NB9	LNSX	LLC

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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

UR3	+ 0.98	UR3
NB9	+ 0.84	CWW
NB9	+ 0.73	UR3
NB9	+ 0.72	UR3
LLC	+ 0.59	751
CWW	+ 0.57	UR3

High negative correlations

LNSX	- 0.77	NB9
LNSX	- 0.77	CWW
NB9	- 0.69	751
LNSX	- 0.68	UR3
LNSX	- 0.67	UR3
751	- 0.53	UR3

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
UR3	1.63	0.15	0.13	0.20	1.50	(1.97)	3.73	(2.80)	17.97
CWW	1.01	0.26	0.11	3.12	1.05	(1.14)	2.20	(2.09)	5.19
FFC0	1.03	0.02	(0.06)	(0.15)	1.62	(0.95)	1.87	(2.36)	8.80
UR3	1.44	0.28	0.15	0.68	1.21	(1.91)	3.18	(1.92)	11.44
751	1.13	(0.13)	0.00	(0.09)	0.00	0.00	2.03	(2.63)	6.65
NB9	1.73	0.26	0.09	0.66	1.60	(2.37)	4.02	(2.99)	16.85
LNSX	0.96	(0.11)	0.00	(0.64)	0.00	0.00	2.54	(2.48)	10.18
LLC	1.14	0.08	(0.02)	0.70	1.22	(1.31)	2.46	(2.30)	7.54

Be your own money manager

Our tools can tell you how much better you can do entering a position in TRIP GROUP without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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