Trivago NV Correlations

TRVG Stock

USD 1.79 0.11 6.55%

The current 90-days correlation between Trivago NV and Cheetah Mobile is 0.05 (i.e., Significant diversification). The correlation of Trivago NV 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.

Trivago NV Correlation With Market

Good diversification

The correlation between Trivago NV and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Trivago NV 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 Trivago NV. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

For more detail on how to invest in Trivago Stock please use our How to Invest in Trivago NV guide.

Moving together with Trivago Stock

0.8	EVER	EverQuote Class A	Pair Corr
0.78	GIFT	RDE, Inc Symbol Change	Pair Corr
0.77	GRPN	Groupon	Pair Corr
0.62	GROM	Grom Social Enterprises	Pair Corr
0.85	SEATW	Vivid Seats Warrant	Pair Corr

Moving against Trivago Stock

0.61	WB	Weibo Corp	Pair Corr
0.55	Z	Zillow Group Class	Pair Corr
0.55	DJTWW	Trump Media Technology Symbol Change	Pair Corr
0.53	DJT	Trump Media Technology Symbol Change	Pair Corr
0.48	BZ	Kanzhun Ltd ADR	Pair Corr
0.43	ZH	Zhihu Inc ADR Earnings Call Tomorrow	Pair Corr
0.85	IZEA	IZEA Inc	Pair Corr
0.68	JFIN	Jiayin Group	Pair Corr
0.56	GOOG	Alphabet Class C	Pair Corr
0.54	TME	Tencent Music Entert	Pair Corr
0.88	PGRU	PropertyGuru Group	Pair Corr
0.85	META	Meta Platforms Aggressive Push	Pair Corr
0.62	ONFO	Onfolio Holdings	Pair Corr
0.57	GOOGL	Alphabet Class A	Pair Corr
0.5	OPRA	Opera	Pair Corr
0.43	MOMO	Hello Group	Pair Corr

Related Correlations Analysis

	UPXI	CMCM	SCOR	LOV	LTRPB	PGRU	EVER	TTGT	SABOF	OB
UPXI		0.15	-0.51	-0.62	0.62	0.29	-0.43	0.53	-0.01	-0.25	UPXI
CMCM	0.15		-0.19	-0.43	0.5	0.58	-0.63	0.29	0.48	-0.14	CMCM
SCOR	-0.51	-0.19		0.16	-0.54	-0.21	0.4	-0.2	-0.05	0.56	SCOR
LOV	-0.62	-0.43	0.16		-0.79	-0.6	0.59	-0.82	-0.12	-0.19	LOV
LTRPB	0.62	0.5	-0.54	-0.79		0.65	-0.8	0.81	0.29	-0.17	LTRPB
PGRU	0.29	0.58	-0.21	-0.6	0.65		-0.8	0.55	0.46	-0.22	PGRU
EVER	-0.43	-0.63	0.4	0.59	-0.8	-0.8		-0.52	-0.58	0.42	EVER
TTGT	0.53	0.29	-0.2	-0.82	0.81	0.55	-0.52		0.12	0.2	TTGT
SABOF	-0.01	0.48	-0.05	-0.12	0.29	0.46	-0.58	0.12		-0.48	SABOF
OB	-0.25	-0.14	0.56	-0.19	-0.17	-0.22	0.42	0.2	-0.48		OB
	UPXI	CMCM	SCOR	LOV	LTRPB	PGRU	EVER	TTGT	SABOF	OB

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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

TTGT	+ 0.81	LTRPB
PGRU	+ 0.65	LTRPB
LTRPB	+ 0.62	UPXI
EVER	+ 0.59	LOV
PGRU	+ 0.58	CMCM
OB	+ 0.56	SCOR

High negative correlations

TTGT	- 0.82	LOV
EVER	- 0.8	PGRU
EVER	- 0.8	LTRPB
LTRPB	- 0.79	LOV
EVER	- 0.63	CMCM
LOV	- 0.62	UPXI

Risk-Adjusted Indicators

There is a big difference between Trivago Stock performing well and Trivago NV 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 Trivago NV'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
UPXI	9.88	2.39	0.19	(0.43)	8.31	(13.78)	18.41	(15.79)	188.65
CMCM	4.00	0.45	0.08	1.12	4.24	(4.76)	9.67	(7.53)	26.43
SCOR	3.66	0.18	0.05	0.29	3.57	(4.79)	6.45	(5.73)	48.70
LOV	6.72	(0.97)	0.00	(0.21)	0.00	0.00	21.74	(13.79)	76.62
LTRPB	4.35	0.87	0.16	0.74	3.84	(6.96)	13.41	(7.82)	54.13
PGRU	0.14	0.01	(0.48)	(0.22)	0.08	(0.21)	0.30	(0.30)	1.06
EVER	2.90	(0.42)	0.00	(0.06)	0.00	0.00	7.22	(4.96)	21.16
TTGT	2.11	0.21	0.10	0.30	2.23	(2.60)	4.81	(2.71)	19.93
SABOF	3.15	1.21	0.07	(0.30)	3.08	(13.86)	12.00	(7.14)	41.67
OB	1.77	(0.19)	(0.05)	0.01	2.06	(1.96)	3.52	(3.96)	12.83

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