TravelCenters Correlations
| TANNLDelisted Stock | USD 25.01 0.00 0.00% |
The current 90-days correlation between TravelCenters Of America and TravelCenters Of America is 0.53 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as TravelCenters moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TravelCenters Of America moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
TravelCenters Correlation With Market
Good diversification
The correlation between TravelCenters Of America and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TravelCenters Of America and DJI in the same portfolio, assuming nothing else is changed.
TravelCenters |
Moving together with TravelCenters Stock
| 0.71 | TANNI | TravelCenters Of America | PairCorr |
| 0.87 | TANNZ | TravelCenters Of America | PairCorr |
| 0.72 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.67 | ESSA | ESSA Bancorp | PairCorr |
| 0.73 | GILD | Gilead Sciences | PairCorr |
| 0.79 | HWM | Howmet Aerospace Sell-off Trend | PairCorr |
| 0.65 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.64 | XAIR | Beyond Air | PairCorr |
| 0.7 | HITI | High Tide | PairCorr |
| 0.75 | COST | Costco Wholesale Corp | PairCorr |
| 0.79 | CSCO | Cisco Systems | PairCorr |
| 0.64 | UAA | Under Armour A | PairCorr |
| 0.78 | HON | Honeywell International | PairCorr |
| 0.74 | FVRR | Fiverr International | PairCorr |
| 0.84 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.67 | CMPO | CompoSecure | PairCorr |
| 0.76 | GT | Goodyear Tire Rubber | PairCorr |
| 0.76 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.81 | COIN | Coinbase Global Aggressive Push | PairCorr |
| 0.66 | CRNT | Ceragon Networks | PairCorr |
| 0.84 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.61 | ABNB | Airbnb Inc | PairCorr |
| 0.67 | LOVE | Lovesac | PairCorr |
| 0.77 | AKBA | Akebia Ther | PairCorr |
| 0.7 | RUM | Rumble Inc | PairCorr |
| 0.61 | RGTI | Rigetti Computing Trending | PairCorr |
Moving against TravelCenters Stock
Related Correlations Analysis
| 0.88 | 0.5 | -0.51 | 0.29 | TANNZ | ||
| 0.88 | 0.48 | -0.5 | 0.33 | TANNI | ||
| 0.5 | 0.48 | -0.05 | 0.77 | RILYZ | ||
| -0.51 | -0.5 | -0.05 | -0.31 | SOHOB | ||
| 0.29 | 0.33 | 0.77 | -0.31 | RILYG | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between TravelCenters Stock performing well and TravelCenters 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 TravelCenters' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TANNZ | 0.11 | 0.01 | (0.33) | (0.58) | 0.00 | 0.32 | 0.88 | |||
| TANNI | 0.19 | 0.00 | (0.22) | 0.00 | 0.23 | 0.48 | 1.16 | |||
| RILYZ | 2.84 | (0.07) | (0.01) | 0.02 | 4.32 | 4.25 | 37.57 | |||
| SOHOB | 0.83 | (0.06) | 0.00 | 4.66 | 0.00 | 2.13 | 7.44 | |||
| RILYG | 2.74 | (0.06) | (0.01) | 0.02 | 3.62 | 5.05 | 38.41 |
TravelCenters Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with TravelCenters stock to make a market-neutral strategy. Peer analysis of TravelCenters could also be used in its relative valuation, which is a method of valuing TravelCenters by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in TravelCenters Of America?
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