TuanChe ADR Correlations

TC Stock

USD 11.98 0.01 0.08%

The current 90-days correlation between TuanChe ADR and Metalpha Technology Holding is 0.05 (i.e., Significant 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 0.04 (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.

Build AI portfolio with TuanChe Stock

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 private.

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

Moving together with TuanChe Stock

0.75	CURIW	CuriosityStream	Pair Corr
0.7	DRCT	Direct Digital Holdings	Pair Corr
0.73	EDHL	Everbright Digital	Pair Corr
0.63	AMC	AMC Entertainment	Pair Corr
0.82	BOC	Boston Omaha Corp	Pair Corr
0.9	CNK	Cinemark Holdings	Pair Corr
0.67	DUO	Fangdd Network Group Trending	Pair Corr
0.63	HAO	Haoxi Health Technology	Pair Corr
0.7	KWM	K Wave Media	Pair Corr
0.82	LVO	LiveOne	Pair Corr
0.83	MCS	Marcus	Pair Corr

Moving against TuanChe Stock

0.71	WIMI	WiMi Hologram Cloud	Pair Corr
0.7	IQ	iQIYI Inc Aggressive Push	Pair Corr
0.69	TV	Grupo Televisa SAB	Pair Corr
0.63	SE	Sea	Pair Corr
0.57	ANGHW	Anghami Warrants	Pair Corr
0.57	ADV	Advantage Solutions	Pair Corr
0.56	VSME	VS Media Holdings	Pair Corr
0.53	FLNT	Fluent Inc	Pair Corr
0.85	GCI	Gannett	Pair Corr
0.81	LYV	Live Nation Entertainment	Pair Corr
0.76	IPG	Interpublic Group	Pair Corr
0.68	FOXA	Fox Corp Class	Pair Corr
0.66	GTN	Gray Television	Pair Corr
0.66	IAS	Integral Ad Science Potential Growth	Pair Corr
0.65	FOX	Fox Corp Class	Pair Corr
0.48	EVC	Entravision Communications	Pair Corr
0.34	EEX	Emerald Expositions	Pair Corr
0.92	LILAK	Liberty Latin America	Pair Corr
0.79	WMG	Warner Music Group	Pair Corr
0.71	HUYA	HUYA Inc	Pair Corr
0.7	OMC	Omnicom Group	Pair Corr

Related Correlations Analysis

	KRKR	MATH	ASST	LCFY	TGB	REE	PT	PZG	DUO
KRKR		0.33	0.22	-0.14	-0.14	-0.2	0.25	-0.08	0.68	KRKR
MATH	0.33		0.46	-0.02	0.0	0.1	0.05	-0.36	0.64	MATH
ASST	0.22	0.46		-0.39	-0.12	0.11	0.18	0.16	0.55	ASST
LCFY	-0.14	-0.02	-0.39		0.51	0.29	0.17	0.11	-0.17	LCFY
TGB	-0.14	0.0	-0.12	0.51		0.09	0.53	0.38	-0.29	TGB
REE	-0.2	0.1	0.11	0.29	0.09		0.05	0.1	-0.02	REE
PT	0.25	0.05	0.18	0.17	0.53	0.05		0.5	-0.03	PT
PZG	-0.08	-0.36	0.16	0.11	0.38	0.1	0.5		-0.21	PZG
DUO	0.68	0.64	0.55	-0.17	-0.29	-0.02	-0.03	-0.21		DUO
	KRKR	MATH	ASST	LCFY	TGB	REE	PT	PZG	DUO

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

DUO	+ 0.68	KRKR
DUO	+ 0.64	MATH
DUO	+ 0.55	ASST
PT	+ 0.53	TGB
TGB	+ 0.51	LCFY
PZG	+ 0.5	PT

High negative correlations

LCFY	- 0.39	ASST
PZG	- 0.36	MATH
DUO	- 0.29	TGB
DUO	- 0.21	PZG
REE	- 0.2	KRKR
DUO	- 0.17	LCFY

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
KRKR	5.10	1.15	0.29	0.63	3.46	(7.93)	8.89	(6.35)	24.79
MATH	4.59	0.21	0.00	(0.06)	6.75	(4.42)	10.28	(12.77)	34.02
ASST	8.05	0.07	0.00	0.03	0.00	0.00	16.46	(15.29)	78.83
LCFY	9.91	1.71	0.29	0.34	6.68	(15.55)	12.38	(13.44)	250.01
TGB	2.59	0.47	0.16	0.64	2.36	(3.19)	6.94	(3.96)	25.43
REE	3.15	(0.49)	0.00	(0.05)	0.00	0.00	6.94	(7.14)	23.24
PT	2.57	0.38	0.06	7.50	3.20	(3.79)	6.45	(4.26)	24.89
PZG	2.78	0.90	0.25	2.65	2.41	(3.82)	6.74	(4.55)	15.81
DUO	6.22	0.82	0.07	(0.22)	6.32	(8.17)	16.67	(9.67)	68.15

TuanChe ADR Corporate Management

Wei Wen	Chairman CoFounder	Profile
Chenxi Yu	Deputy Officer	Profile
Si Li	Chief Officer	Profile
Xiuhua Yang	Compliance Officer	Profile
Cynthia Tan	Investor Director	Profile

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