Ashford Hospitality Correlations

AHT-PF Preferred Stock

USD 15.55 0.02 0.13%

The current 90-days correlation between Ashford Hospitality Trust and Ashford Hospitality Trust is 0.08 (i.e., Significant diversification). The correlation of Ashford Hospitality 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.

Ashford Hospitality Correlation With Market

Good diversification

The correlation between Ashford Hospitality Trust and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ashford Hospitality Trust and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Ashford Hospitality could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ashford Hospitality 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 Ashford Hospitality - 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 Ashford Hospitality Trust to buy it.

Moving together with Ashford Preferred Stock

0.93	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.95	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.96	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.96	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.9	BHR-PD	Braemar Hotels Resorts	Pair Corr
0.88	O	Realty Income	Pair Corr
0.91	DX	Dynex Capital	Pair Corr
0.9	FR	First Industrial Realty	Pair Corr
0.71	WY	Weyerhaeuser	Pair Corr
0.61	VNO-PL	Vornado Realty Trust	Pair Corr
0.86	VICI	VICI Properties	Pair Corr

Moving against Ashford Preferred Stock

0.89	PEB-PF	Pebblebrook Hotel Trust	Pair Corr
0.87	PEB-PE	Pebblebrook Hotel Trust	Pair Corr
0.85	SHO-PI	Sunstone Hotel Investors	Pair Corr
0.8	PEB-PG	Pebblebrook Hotel Trust	Pair Corr
0.74	SHO-PH	Sunstone Hotel Investors	Pair Corr
0.7	INN-PF	Summit Hotel Properties	Pair Corr
0.69	PEB-PH	Pebblebrook Hotel Trust	Pair Corr
0.66	INN-PE	Summit Hotel Properties	Pair Corr
0.4	CLDT-PA	Chatham Lodging Trust	Pair Corr
0.82	PK	Park Hotels Resorts	Pair Corr
0.6	OZ	Belpointe PREP LLC	Pair Corr
0.59	RC	Ready Capital Corp	Pair Corr
0.58	PW	Power REIT Earnings Call Today	Pair Corr
0.58	UE	Urban Edge Properties	Pair Corr
0.48	KW	Kennedy Wilson Holdings	Pair Corr
0.43	VTMX	Corporacin Inmobiliaria	Pair Corr
0.37	UK	Ucommune International	Pair Corr
0.32	ADC-PA	Agree Realty	Pair Corr

Related Correlations Analysis

	AHT-PI	AHT-PH	BHR-PD	BHR-PB	AHT-PG
AHT-PI		0.96	0.91	0.57	0.96	AHT-PI
AHT-PH	0.96		0.89	0.55	0.95	AHT-PH
BHR-PD	0.91	0.89		0.58	0.9	BHR-PD
BHR-PB	0.57	0.55	0.58		0.6	BHR-PB
AHT-PG	0.96	0.95	0.9	0.6		AHT-PG
	AHT-PI	AHT-PH	BHR-PD	BHR-PB	AHT-PG

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Risk-Adjusted Indicators

There is a big difference between Ashford Preferred Stock performing well and Ashford Hospitality 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 Ashford Hospitality'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
AHT-PI	1.43	0.52	0.31	1.40	0.92	(1.93)	4.10	(2.13)	11.32
AHT-PH	1.85	0.41	0.15	4.37	1.70	(2.85)	5.60	(4.07)	14.66
BHR-PD	0.88	0.26	0.22	5.45	0.77	(1.03)	2.03	(1.79)	6.63
BHR-PB	1.08	0.10	0.07	0.44	1.28	(1.30)	2.29	(2.07)	6.64
AHT-PG	1.79	0.45	0.22	1.32	1.57	(2.46)	5.62	(3.58)	15.81

Be your own money manager

Our tools can tell you how much better you can do entering a position in Ashford Hospitality 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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Ashford Hospitality Corporate Management

Jordan Jennings	Ma Relations	Profile
Chris Stevens	VP Management	Profile
Mark Nunneley	Chief Officer	Profile
Alex Rose	Gen VP	Profile
Chris Batchelor	Pres Leisure	Profile
CFA CFA	CFO Treasurer	Profile
Jay Steigerwald	Head Distribution	Profile

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