TLS vs YTRA: Correlation
Measured on weekly returns over the past three years, Telos Corporation (TLS) and Yatra Online, Inc. (YTRA) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TLS and YTRA?
Across a 3-year window, the weekly returns of TLS and YTRA correlate at 0.37, moderate. The link has loosened recently: the 1-year correlation (0.12) runs below the 3-year figure (0.37). Stretching to 5 years gives 0.33, with an annualized covariance of 2279.2 %².
By 3-year correlation, YTRA places #12 of the 19 assets tracked against TLS. On 12-month performance TLS holds a 12.3-point edge, -17.3% against -29.6%. Risk is not evenly split, since TLS carries 2.0 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
TLS vs YTRA: side by side
| TLS (Telos Corporation) | YTRA (Yatra Online, Inc.) | |
|---|---|---|
| 1-year return | -17.3% | -29.6% |
| 5-year return | -85.1% | -46.2% |
| Volatility (ann.) | 110.3% | 56.1% |
| Beta vs S&P 500 | 2.54 | 1.03 |
| Max drawdown (3Y) | -58.3% | -77.4% |
| Market cap | $0.4B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TLS | YTRA |
|---|---|---|
| 2022 | -67.0% | +39.3% |
| 2023 | -28.3% | -32.4% |
| 2024 | -6.3% | -22.7% |
| 2025 | +49.1% | +41.3% |
| 2026 | -5.5% | -44.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TLS and YTRA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between TLS and YTRA?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.12 over the last year and 0.33 over 5 years.
Is YTRA a good diversifier for TLS?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
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Related comparisons
Hubs: TLS correlations · YTRA correlations
