TuanChe ADR Correlations

TC Stock

USD 0.86 0.05 5.49%

The current 90-days correlation between TuanChe ADR and 36Kr Holdings is 0.23 (i.e., Modest 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

Significant diversification

The correlation between TuanChe ADR and DJI is 0.07 (i.e., Significant 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.

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 main economic indicators.

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

Moving together with TuanChe Stock

0.62	EVER	EverQuote Class A	Pair Corr
0.69	FENG	Phoenix New Media	Pair Corr
0.74	MAX	MediaAlpha	Pair Corr
0.87	GROM	Grom Social Enterprises	Pair Corr
0.83	ZDGE	Zedge Inc	Pair Corr
0.79	KRKR	36Kr Holdings	Pair Corr

Moving against TuanChe Stock

0.79	FVRR	Fiverr International	Pair Corr
0.65	DJT	Trump Media Technology Symbol Change	Pair Corr
0.64	DJTWW	Trump Media Technology Symbol Change	Pair Corr
0.63	Z	Zillow Group Class	Pair Corr
0.37	CCG	Cheche Group Class	Pair Corr
0.36	MNY	MoneyHero Limited Class	Pair Corr
0.76	GOOG	Alphabet Class C	Pair Corr
0.7	IZEA	IZEA Inc	Pair Corr
0.65	YELP	Yelp Inc	Pair Corr
0.42	GENI	Genius Sports	Pair Corr
0.91	OPRA	Opera	Pair Corr
0.76	GOOGL	Alphabet Class A	Pair Corr
0.71	NRDS	Nerdwallet	Pair Corr
0.7	BZFDW	BuzzFeed	Pair Corr
0.65	ONFO	Onfolio Holdings	Pair Corr
0.62	PERI	Perion Network	Pair Corr

Related Correlations Analysis

	ONFO	GROM	LIZI	STBX	MAX	MATH	LCFY	KRKR	QQQFF
ONFO		-0.75	0.5	-0.66	-0.31	-0.06	-0.01	-0.54	0.19	ONFO
GROM	-0.75		-0.34	0.89	0.71	0.23	-0.26	0.73	-0.28	GROM
LIZI	0.5	-0.34		-0.27	0.28	0.24	-0.32	-0.06	0.15	LIZI
STBX	-0.66	0.89	-0.27		0.71	0.02	-0.34	0.67	-0.3	STBX
MAX	-0.31	0.71	0.28	0.71		0.28	-0.36	0.55	-0.06	MAX
MATH	-0.06	0.23	0.24	0.02	0.28		-0.16	0.25	0.02	MATH
LCFY	-0.01	-0.26	-0.32	-0.34	-0.36	-0.16		-0.15	0.36	LCFY
KRKR	-0.54	0.73	-0.06	0.67	0.55	0.25	-0.15		-0.21	KRKR
QQQFF	0.19	-0.28	0.15	-0.3	-0.06	0.02	0.36	-0.21		QQQFF
	ONFO	GROM	LIZI	STBX	MAX	MATH	LCFY	KRKR	QQQFF

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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

STBX	+ 0.89	GROM
KRKR	+ 0.73	GROM
MAX	+ 0.71	GROM
MAX	+ 0.71	STBX
KRKR	+ 0.67	STBX
KRKR	+ 0.55	MAX

High negative correlations

GROM	- 0.75	ONFO
STBX	- 0.66	ONFO
KRKR	- 0.54	ONFO
LCFY	- 0.36	MAX
LCFY	- 0.34	STBX
LIZI	- 0.34	GROM

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
ONFO	5.07	0.58	0.08	(7.00)	5.44	(6.16)	9.71	(11.11)	39.43
GROM	6.20	(2.88)	0.00	20.48	0.00	0.00	10.26	(23.68)	77.44
LIZI	3.55	0.34	0.03	(0.51)	4.25	(4.32)	9.28	(8.70)	28.15
STBX	5.03	(0.82)	0.00	(4.48)	0.00	0.00	6.52	(10.76)	57.91
MAX	2.69	(0.46)	0.00	(0.27)	0.00	0.00	4.70	(5.09)	35.30
MATH	4.01	(0.21)	0.00	(0.07)	0.00	0.00	8.70	(9.00)	34.43
LCFY	4.33	0.46	0.10	0.46	4.85	(4.97)	12.81	(8.20)	30.79
KRKR	4.57	(0.59)	0.00	(0.70)	0.00	0.00	10.11	(11.19)	39.22
QQQFF	1.61	0.82	0.00	(5.37)	0.00	0.00	0.00	0.00	53.82

TuanChe ADR Corporate Management

Wei Wen	Chairman CoFounder	Profile
Chenxi Yu	Deputy Officer	Profile
Cynthia Tan	Investor Director	Profile
Simon Li	Chief Officer	Profile
Hui Yuan	Chief Officer	Profile

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