Hyatt Hotels Correlations

Stocks . Germany . 
Stock . Hyatt Hotels
1HTA Stock  EUR 116.00  4.25  3.80%   
The current 90-days correlation between Hyatt Hotels and Gaming and Leisure is 0.26 (i.e., Modest diversification). The correlation of Hyatt Hotels 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.

Hyatt Hotels Correlation With Market

Good diversification

The correlation between Hyatt Hotels and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hyatt Hotels and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Hyatt Hotels could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hyatt Hotels when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Hyatt Hotels - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Hyatt Hotels to buy it.

Moving together with Hyatt Stock

  0.86MAQ Marriott InternationalPairCorr
  0.84IC1H InterContinental HotelsPairCorr
  0.81IC1B INTERCONT HOTELSPairCorr
  0.72CZH Choice Hotels InternPairCorr
  0.62APC Apple IncPairCorr
  0.65APC Apple IncPairCorr
  0.66APC Apple IncPairCorr
  0.65APC Apple IncPairCorr
  0.66APC Apple IncPairCorr
  0.66APC Apple IncPairCorr
  0.83MSF MicrosoftPairCorr
  0.84MSF MicrosoftPairCorr
  0.83MSF MicrosoftPairCorr
  0.84MSF MicrosoftPairCorr

Moving against Hyatt Stock

  0.93RHM Rheinmetall AGPairCorr
  0.85VVDH Veolia EnvironnementPairCorr
  0.68CL4A H World GroupPairCorr
  0.86APM AD PEPPER MEDIAPairCorr
  0.81VOW Volkswagen AGPairCorr
  0.81VOWA VOLKSWAGEN ADR 110ONPairCorr
  0.78AG1 AUTO1 Group SEPairCorr
  0.69DBPE Xtrackers LevDAXPairCorr
  0.68CJH CanSino BiologicsPairCorr
  0.66STD STANDARD CHARTEREDPairCorr
  0.6319YA Yiren DigitalPairCorr
  0.62AV6 AvistaPairCorr
  0.56CMW CHINA M SRVCS Earnings Call This WeekPairCorr
  0.55MM0 MONETA MONEY BANKPairCorr
  0.48KGHA KGHM Polska Miedz Earnings Call This WeekPairCorr
  0.46E908 Lyxor 1PairCorr
  0.44LBL KAROON GAS AUSTPairCorr
  0.43WY8 Universal Health RealtyPairCorr
  0.41INL IntelPairCorr
  0.33LL6 MTN GROUPPairCorr

Related Correlations Analysis

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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   
GI4
+ 0.7
ML2
96W
+ 0.66
WI8
UOF
+ 0.49
WI8
WI8
+ 0.44
GI4
96W
+ 0.44
GI4
UOF
+ 0.38
GI4
  
High negative correlations   
ML2
- 0.47
9GY
GI4
- 0.46
9GY
GI4
- 0.19
2GL
ML2
- 0.16
2GL
96W
- 0.14
2GL
UOF
- 0.02
2GL

Risk-Adjusted Indicators

There is a big difference between Hyatt Stock performing well and Hyatt Hotels 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 Hyatt Hotels' 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Hyatt Hotels without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Hyatt Hotels Corporate Management

Elected by the shareholders, the Hyatt Hotels' board of directors comprises two types of representatives: Hyatt Hotels inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Hyatt. The board's role is to monitor Hyatt Hotels' management team and ensure that shareholders' interests are well served. Hyatt Hotels' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Hyatt Hotels' outside directors are responsible for providing unbiased perspectives on the board's policies.
Charles FloydEx OperationsProfile
Franziska WeberVP CommunicationsProfile
Malaika MyersEx OfficerProfile
Deepak SharmaDirector SalesProfile
Mark VondrasekEx OfficerProfile
Noah HoppeVP AnalysisProfile
Margaret EganGen VPProfile
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