TUI AG Related Correlations

TUIFF Stock

USD 6.65 1.15 14.74%

Generate correlation matrix for TUI AG and other related equities to check the degree to which TUI AG price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for TUI AG. To filter out specific equities, please toggle its corresponding legend item. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TUI AG. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.

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Please note, there is a significant difference between TUI AG's value and its price as these two are different measures arrived at by different means. Investors typically determine if TUI AG is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TUI AG's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

	BKNG	TRIP	ABNB	RCL	NCLH	EXPE
BKNG		0.02	-0.03	-0.2	-0.31	0.11	BKNG
TRIP	0.02		0.86	0.43	0.55	-0.76	TRIP
ABNB	-0.03	0.86		0.61	0.74	-0.65	ABNB
RCL	-0.2	0.43	0.61		0.81	-0.26	RCL
NCLH	-0.31	0.55	0.74	0.81		-0.29	NCLH
EXPE	0.11	-0.76	-0.65	-0.26	-0.29		EXPE
	BKNG	TRIP	ABNB	RCL	NCLH	EXPE

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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

ABNB	+ 0.86	TRIP
NCLH	+ 0.81	RCL
NCLH	+ 0.74	ABNB
RCL	+ 0.61	ABNB
NCLH	+ 0.55	TRIP
RCL	+ 0.43	TRIP

High negative correlations

EXPE	- 0.76	TRIP
EXPE	- 0.65	ABNB
NCLH	- 0.31	BKNG
EXPE	- 0.29	NCLH
EXPE	- 0.26	RCL
RCL	- 0.2	BKNG

Risk-Adjusted Indicators

There is a big difference between TUI Pink Sheet performing well and TUI AG 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 TUI AG'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
BKNG	1.19	(0.09)	0.00	(0.02)	0.00	0.00	2.27	(2.92)	14.45
TRIP	1.55	0.39	0.22	0.93	1.34	(1.90)	3.80	(2.20)	18.53
ABNB	1.64	0.16	0.12	0.15	1.64	(1.86)	4.03	(3.28)	10.06
RCL	1.39	(0.01)	0.00	0.05	1.79	(1.38)	3.08	(3.31)	11.21
NCLH	2.01	0.01	0.02	0.06	2.50	(2.13)	3.69	(4.62)	27.86
EXPE	1.39	(0.25)	0.00	(0.20)	0.00	0.00	2.51	(2.23)	21.08

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TUI AG Related Correlations

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