Trip Group Correlations

TCOM Stock

USD 73.50 2.21 3.10%

The current 90-days correlation between Trip Group and Expedia Group is 0.02 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Trip Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Trip Group Ltd moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Trip Group Correlation With Market

Average diversification

The correlation between Trip Group Ltd and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Trip Group Ltd 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 Trip Group Ltd. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Trip Stock

0.65

HDL

SUPER HI INTERNATIONAL

Pair Corr

Moving against Trip Stock

0.42	DNUT	Krispy Kreme Sell-off Trend	Pair Corr
0.33	CZR	Caesars Entertainment	Pair Corr
0.31	WING	Wingstop	Pair Corr
0.46	FLL	Full House Resorts	Pair Corr
0.34	MGM	MGM Resorts International	Pair Corr

Related Correlations Analysis

	EXPE	BKNG	DESP	TNL	YTRA	SABRP	LIND	MOND	ISPO	ABNB
EXPE		0.79	0.51	0.55	-0.06	-0.6	0.64	-0.15	-0.04	0.03	EXPE
BKNG	0.79		0.15	0.63	0.29	-0.44	0.67	0.01	-0.41	0.29	BKNG
DESP	0.51	0.15		0.33	-0.58	-0.38	0.21	-0.63	0.52	-0.36	DESP
TNL	0.55	0.63	0.33		0.01	0.0	0.8	-0.53	0.07	0.17	TNL
YTRA	-0.06	0.29	-0.58	0.01		0.02	-0.03	0.67	-0.65	0.55	YTRA
SABRP	-0.6	-0.44	-0.38	0.0	0.02		-0.12	-0.11	0.17	0.17	SABRP
LIND	0.64	0.67	0.21	0.8	-0.03	-0.12		-0.32	-0.13	0.12	LIND
MOND	-0.15	0.01	-0.63	-0.53	0.67	-0.11	-0.32		-0.61	0.44	MOND
ISPO	-0.04	-0.41	0.52	0.07	-0.65	0.17	-0.13	-0.61		-0.39	ISPO
ABNB	0.03	0.29	-0.36	0.17	0.55	0.17	0.12	0.44	-0.39		ABNB
	EXPE	BKNG	DESP	TNL	YTRA	SABRP	LIND	MOND	ISPO	ABNB

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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

LIND	+ 0.8	TNL
BKNG	+ 0.79	EXPE
LIND	+ 0.67	BKNG
MOND	+ 0.67	YTRA
LIND	+ 0.64	EXPE
TNL	+ 0.63	BKNG

High negative correlations

ISPO	- 0.65	YTRA
MOND	- 0.63	DESP
ISPO	- 0.61	MOND
SABRP	- 0.6	EXPE
YTRA	- 0.58	DESP
MOND	- 0.53	TNL

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
EXPE	1.32	0.07	0.01	0.26	1.60	(1.44)	2.51	(3.01)	8.51
BKNG	1.21	0.11	0.03	0.34	1.60	(1.21)	2.90	(2.73)	9.64
DESP	2.18	0.38	0.17	0.48	1.85	(2.85)	3.77	(3.14)	33.61
TNL	1.09	0.19	0.11	0.44	1.21	(1.30)	2.39	(2.02)	9.63
YTRA	1.64	(0.50)	0.00	(0.87)	0.00	0.00	3.39	(3.68)	11.67
SABRP	2.86	(0.08)	(0.01)	0.04	3.40	(3.56)	7.99	(6.16)	18.31
LIND	2.94	0.36	0.15	0.25	2.81	(3.69)	6.62	(5.45)	33.55
MOND	7.72	(4.25)	0.00	5.27	0.00	0.00	7.87	(24.35)	65.61
ISPO	4.03	0.54	0.08	(0.46)	4.16	(4.73)	9.46	(7.14)	23.41
ABNB	1.50	(0.04)	(0.04)	0.00	2.37	(1.47)	3.22	(3.55)	13.24

Trip Group Corporate Management

Yaming Ye	Vice Technology	Profile
Jianzhang Liang	CoFounder Chairman	Profile
Xiong Xing	Chief Officer	Profile
Jie Sun	CEO Director	Profile

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