TuanChe ADR Correlations

TC Stock

USD 7.57 0.01 0.13%

The current 90-days correlation between TuanChe ADR and MoneyHero Limited Class is -0.04 (i.e., Good diversification). The correlation of TuanChe ADR 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.

TuanChe ADR Correlation With Market

Average diversification

The correlation between TuanChe ADR and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TuanChe ADR and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with TuanChe Stock

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

For information on how to trade TuanChe Stock refer to our How to Trade TuanChe Stock guide.

Moving together with TuanChe Stock

0.71

DAR

Darelle Online Solutions

Pair Corr

Moving against TuanChe Stock

0.51	JOYY	JOYY Inc Symbol Change	Pair Corr
0.34	MH	McGraw Hill	Pair Corr
0.75	SHO	Sportshero	Pair Corr
0.52	PPERF	Bank Mandiri Persero	Pair Corr
0.5	CARS	Cars Inc	Pair Corr
0.42	BIDU	Baidu Inc	Pair Corr
0.34	PPERY	Bank Mandiri Persero	Pair Corr
0.84	FQVLF	First Quantum Minerals	Pair Corr
0.79	SIDU	Sidus Space Trending	Pair Corr
0.64	ADAMI	New York Mortgage Symbol Change	Pair Corr
0.61	EL	Estee Lauder Companies	Pair Corr

Related Correlations Analysis

	MNY	ZDGE	PODC	SCOR	BODI	SDM	RDI	INUV	ABLV	TZUP
MNY		-0.12	-0.05	0.17	0.04	0.0	0.11	0.11	-0.04	-0.11	MNY
ZDGE	-0.12		-0.48	0.3	-0.19	0.0	-0.02	0.19	0.29	0.53	ZDGE
PODC	-0.05	-0.48		-0.83	0.47	0.0	-0.6	-0.82	-0.69	-0.47	PODC
SCOR	0.17	0.3	-0.83		-0.61	0.0	0.72	0.84	0.74	0.54	SCOR
BODI	0.04	-0.19	0.47	-0.61		0.0	-0.83	-0.44	-0.53	-0.74	BODI
SDM	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	SDM
RDI	0.11	-0.02	-0.6	0.72	-0.83	0.0		0.72	0.65	0.48	RDI
INUV	0.11	0.19	-0.82	0.84	-0.44	0.0	0.72		0.68	0.36	INUV
ABLV	-0.04	0.29	-0.69	0.74	-0.53	0.0	0.65	0.68		0.42	ABLV
TZUP	-0.11	0.53	-0.47	0.54	-0.74	0.0	0.48	0.36	0.42		TZUP
	MNY	ZDGE	PODC	SCOR	BODI	SDM	RDI	INUV	ABLV	TZUP

Please upgrade your account to get full access to Macroaxis premium features

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

INUV	+ 0.84	SCOR
ABLV	+ 0.74	SCOR
RDI	+ 0.72	SCOR
INUV	+ 0.72	RDI
ABLV	+ 0.68	INUV
ABLV	+ 0.65	RDI

High negative correlations

RDI	- 0.83	BODI
SCOR	- 0.83	PODC
INUV	- 0.82	PODC
TZUP	- 0.74	BODI
ABLV	- 0.69	PODC
BODI	- 0.61	SCOR

Risk-Adjusted Indicators

There is a big difference between TuanChe Stock performing well and TuanChe ADR 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 TuanChe ADR'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
MNY	3.83	(0.11)	(0.01)	0.01	4.95	(4.90)	10.34	(7.69)	39.95
ZDGE	3.85	0.34	0.05	0.79	5.77	(4.01)	7.42	(6.27)	31.44
PODC	3.60	0.62	0.13	0.90	4.13	(4.28)	9.77	(7.95)	22.74
SCOR	2.32	(0.52)	0.00	(0.37)	0.00	0.00	6.35	(5.28)	21.93
BODI	4.81	1.10	0.22	(4.25)	4.29	(6.01)	16.28	(7.03)	31.37
SDM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RDI	2.05	(0.49)	0.00	(0.49)	0.00	0.00	3.47	(4.72)	14.05
INUV	3.03	(0.52)	0.00	(0.13)	0.00	0.00	6.45	(7.58)	18.48
ABLV	4.35	(0.24)	0.00	(0.52)	0.00	0.00	8.70	(10.81)	54.31
TZUP	4.91	(0.23)	0.00	(0.90)	0.00	0.00	11.03	(9.80)	29.93

TuanChe ADR Corporate Management

Wei Wen	Chairman CoFounder	Profile
Chenxi Yu	Deputy Officer	Profile
Sav Persico	Chief Officer	Profile
Si Li	Chief Officer	Profile
Xiuhua Yang	Compliance Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC