Accor SA Correlations
| ACRFF Stock | USD 50.35 0.00 0.00% |
The current 90-days correlation between Accor SA and InterContinental Hotels Group is -0.11 (i.e., Good diversification). The correlation of Accor SA 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.
Accor SA Correlation With Market
Good diversification
The correlation between Accor SA and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Accor SA and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Accor SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Accor SA 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 Accor SA - 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 Accor SA to buy it.
Moving together with Accor Pink Sheet
| 0.7 | ACCYY | Accor SA | PairCorr |
| 0.61 | NOKBF | Nokia | PairCorr |
| 0.75 | AXREF | Amarc Resources | PairCorr |
| 0.62 | TIAOF | Telecom Italia SpA | PairCorr |
| 0.78 | OPFI | OppFi Inc | PairCorr |
| 0.64 | UMGNF | Universal Music Group | PairCorr |
| 0.74 | EPD | Enterprise Products | PairCorr |
| 0.68 | PNNT | PennantPark Investment | PairCorr |
| 0.7 | SPOT | Spotify Technology | PairCorr |
| 0.79 | PYTCY | Playtech PLC ADR Earnings Call This Week | PairCorr |
| 0.74 | GLGDF | GoGold Resources | PairCorr |
| 0.8 | AIV | Apartment Investment and | PairCorr |
| 0.75 | IAG | IAMGold | PairCorr |
Moving against Accor Pink Sheet
| 0.67 | WTBDY | Whitbread PLC ADR | PairCorr |
| 0.6 | WTBCF | Whitbread plc | PairCorr |
| 0.56 | LBTI | Lithium Boron Technology | PairCorr |
| 0.39 | RRRLF | Rockridge Resources | PairCorr |
| 0.65 | 713448CQ9 | PEPSICO INC 425 | PairCorr |
| 0.54 | 68233JBV5 | US68233JBV52 | PairCorr |
| 0.43 | VDOMF | Val dOr Mining | PairCorr |
Related Correlations Analysis
| 0.78 | 0.77 | 0.85 | 0.9 | 0.36 | HLT | ||
| 0.78 | 0.91 | 0.82 | 0.79 | 0.7 | IHG | ||
| 0.77 | 0.91 | 0.81 | 0.77 | 0.82 | MAR | ||
| 0.85 | 0.82 | 0.81 | 0.84 | 0.49 | CHH | ||
| 0.9 | 0.79 | 0.77 | 0.84 | 0.41 | WH | ||
| 0.36 | 0.7 | 0.82 | 0.49 | 0.41 | H | ||
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Risk-Adjusted Indicators
There is a big difference between Accor Pink Sheet performing well and Accor SA 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 Accor SA'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HLT | 1.15 | (0.08) | 0.00 | (0.20) | 0.00 | 1.61 | 8.20 | |||
| IHG | 0.93 | (0.15) | 0.00 | (0.36) | 0.00 | 1.92 | 6.84 | |||
| MAR | 1.17 | (0.19) | 0.00 | (0.34) | 0.00 | 1.73 | 9.01 | |||
| CHH | 1.15 | (0.15) | 0.00 | (0.52) | 0.00 | 2.03 | 11.03 | |||
| WH | 1.16 | (0.09) | 0.00 | (0.23) | 0.00 | 1.89 | 7.48 | |||
| H | 1.39 | (0.34) | 0.00 | (0.54) | 0.00 | 2.27 | 14.00 |
Be your own money manager
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Accor SA Corporate Management
| Sami Nasser | East Middle | Profile | |
| Floor Bleeker | Chief Officer | Profile | |
| Arnaud Patat | VP HotelInvest | Profile | |
| Christian Flaesch | VP Security | Profile | |
| Charlotte Thouvard | VP Communications | Profile |