TAL Education Correlations

TAL Stock

USD 9.73 0.08 0.82%

The current 90-days correlation between TAL Education Group and Gaotu Techedu DRC is 0.66 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as TAL Education moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TAL Education Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

TAL Education Correlation With Market

Average diversification

The correlation between TAL Education Group and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TAL Education Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with TAL Stock

0.8	IH	Ihuman Inc	Pair Corr
0.63	JZ	Jianzhi Education	Pair Corr
0.87	DAO	Youdao Inc	Pair Corr
0.86	QSG	QuantaSing Group	Pair Corr
0.81	AACG	ATA Creativity Global	Pair Corr

Moving against TAL Stock

0.59	GV	Visionary Education	Pair Corr
0.48	EDTK	Skillful Craftsman	Pair Corr
0.39	GNS	Genius Group	Pair Corr
0.74	GSUN	Golden Sun Education	Pair Corr
0.72	ZVOI	Zovio Inc	Pair Corr
0.63	ASPU	Aspen Group	Pair Corr
0.59	CHGG	Chegg Inc Buyout Trend	Pair Corr
0.47	STRA	Strategic Education	Pair Corr
0.47	COUR	Coursera Buyout Trend	Pair Corr

Related Correlations Analysis

	GOTU	YQ	CHGG	DAO	STRA	VSTA	TWOU	COUR	EDU
GOTU		0.72	0.01	0.17	-0.34	0.34	0.03	0.35	0.86	GOTU
YQ	0.72		-0.39	0.22	-0.49	0.19	-0.26	0.24	0.9	YQ
CHGG	0.01	-0.39		-0.59	0.61	-0.39	0.84	0.49	-0.3	CHGG
DAO	0.17	0.22	-0.59		-0.33	0.27	-0.79	-0.7	0.25	DAO
STRA	-0.34	-0.49	0.61	-0.33		-0.33	0.43	0.21	-0.54	STRA
VSTA	0.34	0.19	-0.39	0.27	-0.33		-0.37	-0.09	0.27	VSTA
TWOU	0.03	-0.26	0.84	-0.79	0.43	-0.37		0.62	-0.21	TWOU
COUR	0.35	0.24	0.49	-0.7	0.21	-0.09	0.62		0.28	COUR
EDU	0.86	0.9	-0.3	0.25	-0.54	0.27	-0.21	0.28		EDU
	GOTU	YQ	CHGG	DAO	STRA	VSTA	TWOU	COUR	EDU

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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

EDU	+ 0.9	YQ
EDU	+ 0.86	GOTU
TWOU	+ 0.84	CHGG
YQ	+ 0.72	GOTU
COUR	+ 0.62	TWOU
STRA	+ 0.61	CHGG

High negative correlations

TWOU	- 0.79	DAO
COUR	- 0.7	DAO
DAO	- 0.59	CHGG
EDU	- 0.54	STRA
STRA	- 0.49	YQ
VSTA	- 0.39	CHGG

Risk-Adjusted Indicators

There is a big difference between TAL Stock performing well and TAL Education 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 TAL Education'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
GOTU	3.88	(0.69)	0.00	(0.38)	0.00	0.00	9.51	(8.22)	41.91
YQ	3.13	(0.16)	0.00	(0.19)	0.00	0.00	7.17	(6.19)	32.10
CHGG	3.81	(0.14)	(0.02)	0.01	4.11	(4.86)	8.59	(7.69)	23.23
DAO	4.04	0.88	0.16	(2.46)	3.99	(4.86)	8.36	(6.40)	51.51
STRA	1.07	(0.11)	(0.05)	0.04	1.18	(1.14)	1.61	(2.00)	11.39
VSTA	1.78	(0.09)	0.00	0.39	0.00	0.00	3.60	(3.44)	19.49
TWOU	10.94	(1.74)	0.00	1.82	0.00	0.00	15.01	(35.25)	164.94
COUR	1.95	(0.39)	0.00	(0.08)	0.00	0.00	3.56	(4.14)	19.52
EDU	2.20	(0.31)	0.00	(0.29)	0.00	0.00	3.52	(4.66)	22.58

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