Tarena Intl Correlations
| TEDUDelisted Stock | USD 2.42 0.00 0.00% |
The current 90-days correlation between Tarena Intl Adr and Bright Scholar Education is 0.11 (i.e., Average diversification). The correlation of Tarena Intl 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Tarena Intl Correlation With Market
Average diversification
The correlation between Tarena Intl Adr and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tarena Intl Adr and DJI in the same portfolio, assuming nothing else is changed.
Tarena |
Moving together with Tarena Stock
| 0.75 | PTAIY | Astra International Tbk | PairCorr |
| 0.86 | PTAIF | PT Astra International | PairCorr |
| 0.62 | PTITF | PT Indosat Tbk Earnings Call This Week | PairCorr |
| 0.83 | PIFMF | PT Indofood Sukses | PairCorr |
| 0.63 | JNJ | Johnson Johnson | PairCorr |
| 0.79 | DD | Dupont De Nemours Earnings Call This Week | PairCorr |
| 0.66 | HPQ | HP Inc | PairCorr |
Moving against Tarena Stock
| 0.7 | JPM | JPMorgan Chase | PairCorr |
| 0.68 | AXP | American Express | PairCorr |
| 0.65 | MMM | 3M Company | PairCorr |
| 0.59 | MNPR | Monopar Therapeutics | PairCorr |
| 0.54 | BA | Boeing | PairCorr |
| 0.53 | EC | Ecopetrol SA ADR Buyout Trend | PairCorr |
| 0.5 | WMT | Walmart Aggressive Push | PairCorr |
| 0.46 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.39 | DIS | Walt Disney Earnings Call This Week | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
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Risk-Adjusted Indicators
There is a big difference between Tarena Stock performing well and Tarena Intl 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 Tarena Intl'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BEDU | 3.40 | 0.02 | 0.00 | 0.05 | 0.00 | 8.39 | 30.23 | |||
| LAUR | 1.26 | 0.29 | 0.13 | (1.78) | 1.27 | 2.95 | 14.56 | |||
| CLEU | 37.10 | 19.63 | 3.27 | 7.63 | 4.59 | 17.36 | 1,229 | |||
| GEHI | 2.63 | 0.07 | 0.00 | 0.04 | 0.00 | 7.53 | 37.55 | |||
| ESINQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ZMENY | 17.20 | 6.31 | 0.00 | 2.31 | 0.00 | 47.06 | 83.44 | |||
| QOEG | 10.96 | 3.50 | 0.00 | (50.53) | 0.00 | 0.00 | 414.64 | |||
| IH | 2.01 | (0.13) | 0.00 | (0.49) | 0.00 | 4.76 | 14.31 | |||
| AFYA | 1.44 | (0.07) | 0.00 | (0.05) | 0.00 | 2.83 | 9.27 |
Tarena Intl Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Tarena Intl stock to make a market-neutral strategy. Peer analysis of Tarena Intl could also be used in its relative valuation, which is a method of valuing Tarena Intl by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Tarena Intl Adr?
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