Trip.com Group Limited American Depositary Shares (TCOM) Correlation Distribution
Across 6,809 rolling correlation observations between Trip.com Group Limited American Depositary Shares (TCOM) and other NASDAQ-listed stocks, 40.5% are positive and 59.5% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.04, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 12.5% and strong negative correlations (≤−0.7) for 4.4%.
- Total observations
- 6,809
- Mean correlation
- -0.04
- Most common range
- -0.5 to -0.4
- Positive pairs
- 40.5%
- Strong positive (≥0.7)
- 12.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 149 | 2.2% | |
| -0.8 to -0.7 | 148 | 2.2% | |
| -0.7 to -0.6 | 499 | 7.3% | |
| -0.6 to -0.5 | 498 | 7.3% | |
| -0.5 to -0.4 | 724 | 10.6% | |
| -0.4 to -0.3 | 724 | 10.6% | |
| -0.3 to -0.2 | 504 | 7.4% | |
| -0.2 to -0.1 | 503 | 7.4% | |
| -0.1 to 0.0 | 303 | 4.4% | |
| 0.0 to 0.1 | 302 | 4.4% | |
| 0.1 to 0.2 | 262 | 3.8% | |
| 0.2 to 0.3 | 262 | 3.8% | |
| 0.3 to 0.4 | 249 | 3.7% | |
| 0.4 to 0.5 | 248 | 3.6% | |
| 0.5 to 0.6 | 290 | 4.3% | |
| 0.6 to 0.7 | 290 | 4.3% | |
| 0.7 to 0.8 | 397 | 5.8% | |
| 0.8 to 0.9 | 396 | 5.8% | |
| 0.9 to 1.0 | 60 | 0.9% |
Frequently asked questions
What is the average correlation of TCOM?
Trip.com Group Limited American Depositary Shares (TCOM) has an average correlation of about -0.04 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is TCOM positively correlated with other stocks?
Not predominantly — 40.5% of pairs are positive and 59.5% are negative. Strong positive correlations (≥0.7) make up 12.5%.
What is the most common correlation range for TCOM?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 31.4% of all pairs.
Explore the full interactive correlation distribution for TCOM.
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