Airbnb Correlations
| ABNB Stock | USD 126.00 1.44 1.16% |
The current 90-days correlation between Airbnb Inc and Norwegian Cruise Line is 0.43 (i.e., Very weak diversification). The correlation of Airbnb 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.
Airbnb Correlation With Market
Modest diversification
The correlation between Airbnb Inc and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Airbnb Inc and DJI in the same portfolio, assuming nothing else is changed.
Airbnb |
Moving together with Airbnb Stock
| 0.71 | WH | Wyndham Hotels Resorts | PairCorr |
| 0.84 | DKNG | DraftKings | PairCorr |
| 0.81 | EXPE | Expedia Group | PairCorr |
| 0.75 | FLUT | Flutter Entertainment plc | PairCorr |
| 0.61 | BYD | Boyd Gaming | PairCorr |
| 0.69 | GHG | GreenTree Hospitality Earnings Call This Week | PairCorr |
| 0.64 | HGV | Hilton Grand Vacations | PairCorr |
| 0.71 | HLT | Hilton Worldwide Holdings | PairCorr |
Moving against Airbnb Stock
| 0.33 | SG | Sweetgreen | PairCorr |
| 0.53 | EJH | E Home Household | PairCorr |
| 0.51 | GAN | Gan | PairCorr |
| 0.32 | HDL | SUPER HI INTERNATIONAL | PairCorr |
Related Correlations Analysis
| 0.8 | 0.25 | 0.53 | 0.57 | 0.97 | NCLH | ||
| 0.8 | 0.33 | 0.4 | 0.75 | 0.86 | RCL | ||
| 0.25 | 0.33 | 0.73 | 0.17 | 0.24 | EXPE | ||
| 0.53 | 0.4 | 0.73 | -0.04 | 0.53 | BKNG | ||
| 0.57 | 0.75 | 0.17 | -0.04 | 0.6 | TRIP | ||
| 0.97 | 0.86 | 0.24 | 0.53 | 0.6 | CCL | ||
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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 Airbnb Stock performing well and Airbnb 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 Airbnb'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NCLH | 2.19 | (0.33) | 0.00 | (0.33) | 0.00 | 4.17 | 14.35 | |||
| RCL | 1.89 | (0.10) | 0.00 | (0.16) | 0.00 | 3.33 | 19.63 | |||
| EXPE | 1.79 | (0.07) | 0.00 | (0.17) | 0.00 | 2.75 | 24.55 | |||
| BKNG | 1.37 | (0.13) | 0.00 | (0.24) | 0.00 | 2.25 | 9.06 | |||
| TRIP | 2.03 | 0.25 | 0.06 | 0.04 | 2.81 | 4.41 | 22.34 | |||
| CCL | 2.13 | (0.19) | 0.00 | (0.22) | 0.00 | 4.18 | 15.70 |
Airbnb Corporate Management
| Tara Bunch | Global Operations | Profile | |
| Brian Chesky | CEO, CoFounder | Profile | |
| Aristotle Balogh | Chief Officer | Profile | |
| David Bernstein | Chief Officer | Profile | |
| Hiroki Asai | Global Marketing | Profile | |
| David Stephenson | Chief Experience | Profile | |
| Nathan Blecharczyk | Chief CoFounder | Profile |