Travel Leisure Correlations

TNL Stock

USD 52.23 0.24 0.46%

The current 90-days correlation between Travel Leisure and Yatra Online is -0.04 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Travel Leisure moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Travel Leisure Co moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Travel Leisure Correlation With Market

Modest diversification

The correlation between Travel Leisure Co and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Travel Leisure Co 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 Travel Leisure Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Travel Stock

0.76	WH	Wyndham Hotels Resorts	Pair Corr
0.81	DKNG	DraftKings	Pair Corr
0.83	EXPE	Expedia Group	Pair Corr
0.88	BYD	Boyd Gaming	Pair Corr
0.86	CCL	Carnival Aggressive Push	Pair Corr
0.92	CHH	Choice Hotels Intern	Pair Corr
0.84	CSV	Carriage Services	Pair Corr
0.86	CUK	Carnival Plc ADS	Pair Corr
0.73	DPZ	Dominos Pizza Common	Pair Corr
0.7	EAT	Brinker International	Pair Corr
0.81	FAT	FAT Brands	Pair Corr
0.76	FUN	Six Flags Entertainment Sell-off Trend	Pair Corr
0.9	FTDR	Frontdoor	Pair Corr
0.89	HGV	Hilton Grand Vacations	Pair Corr
0.88	HLT	Hilton Worldwide Holdings Sell-off Trend	Pair Corr
0.82	IHG	InterContinental Hotels	Pair Corr
0.72	FWRG	First Watch Restaurant	Pair Corr

Moving against Travel Stock

0.74	BDL	Flanigans Enterprises	Pair Corr
0.45	CZR	Caesars Entertainment	Pair Corr
0.39	WYNN	Wynn Resorts Limited	Pair Corr
0.34	CDROW	Codere Online Luxembourg	Pair Corr
0.31	WING	Wingstop	Pair Corr
0.51	EJH	E Home Household	Pair Corr
0.47	GHG	GreenTree Hospitality	Pair Corr
0.43	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.34	MGM	MGM Resorts International	Pair Corr
0.32	FLL	Full House Resorts	Pair Corr

Related Correlations Analysis

	YTRA	DESP	SABRP	LIND	MOND	EXPE	TCOM	BKNG	MMYT
YTRA		-0.65	0.17	-0.43	0.77	-0.63	-0.41	-0.49	-0.26	YTRA
DESP	-0.65		-0.23	0.47	-0.74	0.79	0.3	0.59	0.52	DESP
SABRP	0.17	-0.23		-0.52	-0.11	-0.46	-0.59	-0.66	-0.52	SABRP
LIND	-0.43	0.47	-0.52		-0.34	0.8	0.29	0.84	0.46	LIND
MOND	0.77	-0.74	-0.11	-0.34		-0.59	-0.11	-0.31	-0.11	MOND
EXPE	-0.63	0.79	-0.46	0.8	-0.59		0.52	0.89	0.69	EXPE
TCOM	-0.41	0.3	-0.59	0.29	-0.11	0.52		0.6	0.69	TCOM
BKNG	-0.49	0.59	-0.66	0.84	-0.31	0.89	0.6		0.71	BKNG
MMYT	-0.26	0.52	-0.52	0.46	-0.11	0.69	0.69	0.71		MMYT
	YTRA	DESP	SABRP	LIND	MOND	EXPE	TCOM	BKNG	MMYT

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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

BKNG	+ 0.89	EXPE
BKNG	+ 0.84	LIND
EXPE	+ 0.8	LIND
EXPE	+ 0.79	DESP
MOND	+ 0.77	YTRA
MMYT	+ 0.71	BKNG

High negative correlations

MOND	- 0.74	DESP
BKNG	- 0.66	SABRP
DESP	- 0.65	YTRA
EXPE	- 0.63	YTRA
EXPE	- 0.59	MOND
TCOM	- 0.59	SABRP

Risk-Adjusted Indicators

There is a big difference between Travel Stock performing well and Travel Leisure 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 Travel Leisure'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
YTRA	1.63	(0.49)	0.00	(0.84)	0.00	0.00	3.39	(3.88)	11.67
DESP	2.59	0.70	0.29	0.69	2.00	(3.44)	5.78	(3.54)	33.61
SABRP	2.86	0.05	0.02	(0.07)	3.40	(3.56)	7.99	(6.16)	18.31
LIND	2.73	0.34	0.11	0.16	2.77	(3.44)	5.24	(5.02)	33.55
MOND	7.72	(4.32)	0.00	(100.30)	0.00	0.00	7.87	(24.35)	65.61
EXPE	1.26	0.35	0.27	0.66	1.05	(1.53)	2.98	(2.11)	7.76
TCOM	2.19	0.05	0.02	0.19	3.02	(2.01)	4.37	(4.15)	14.34
BKNG	1.02	0.20	0.13	0.37	1.28	(1.03)	2.47	(2.32)	8.86
MMYT	2.18	0.10	0.03	0.22	3.00	(2.16)	4.15	(5.25)	19.27

Travel Leisure Corporate Management

Christopher Agnew	Senior Relations	Profile
Stephen Holmes	Non-Executive Chairman of the Board	Profile
Lucinda Martinez	Independent Director	Profile
Amandine RobinCaplan	Chief Officer	Profile
Barry Goldschmidt	Vice Relations	Profile
Michael Valentino	Vice Communications	Profile

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