Ashford Hospitality Correlations

AHT Stock

USD 8.31 0.19 2.24%

The current 90-days correlation between Ashford Hospitality Trust and Sotherly Hotels is 0.07 (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. If the correlation is 0, the equities are not correlated; they are entirely random.

Ashford Hospitality Correlation With Market

Significant diversification

The correlation between Ashford Hospitality Trust and DJI is 0.01 (i.e., Significant 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.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ashford Hospitality Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving against Ashford Stock

0.47	OPINL	Office Properties Income	Pair Corr
0.39	INN	Summit Hotel Properties Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	SOHO	INN	DRH	RLJ	HT	HST	SVC	SHO	RHP	PEB
SOHO		-0.03	0.62	0.48	0.0	0.73	-0.48	0.14	0.55	0.42	SOHO
INN	-0.03		0.57	0.74	0.0	0.37	-0.08	0.86	0.0	0.63	INN
DRH	0.62	0.57		0.95	0.0	0.91	-0.09	0.56	0.71	0.88	DRH
RLJ	0.48	0.74	0.95		0.0	0.84	-0.1	0.68	0.58	0.89	RLJ
HT	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	HT
HST	0.73	0.37	0.91	0.84	0.0		-0.11	0.37	0.81	0.77	HST
SVC	-0.48	-0.08	-0.09	-0.1	0.0	-0.11		-0.36	0.32	-0.06	SVC
SHO	0.14	0.86	0.56	0.68	0.0	0.37	-0.36		-0.08	0.67	SHO
RHP	0.55	0.0	0.71	0.58	0.0	0.81	0.32	-0.08		0.52	RHP
PEB	0.42	0.63	0.88	0.89	0.0	0.77	-0.06	0.67	0.52		PEB
	SOHO	INN	DRH	RLJ	HT	HST	SVC	SHO	RHP	PEB

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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

RLJ	+ 0.95	DRH
HST	+ 0.91	DRH
PEB	+ 0.89	RLJ
PEB	+ 0.88	DRH
SHO	+ 0.86	INN
HST	+ 0.84	RLJ

High negative correlations

SVC	- 0.48	SOHO
SHO	- 0.36	SVC
SVC	- 0.11	HST
SVC	- 0.1	RLJ
SVC	- 0.09	DRH
RHP	- 0.08	SHO

Risk-Adjusted Indicators

There is a big difference between Ashford 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
SOHO	2.22	(0.33)	0.00	(0.91)	0.00	0.00	3.80	(4.04)	10.41
INN	1.26	0.06	0.05	0.09	1.37	(1.45)	2.74	(2.62)	9.84
DRH	1.02	(0.07)	0.00	(0.09)	0.00	0.00	2.13	(2.06)	9.67
RLJ	1.09	(0.03)	0.00	(0.05)	0.00	0.00	2.01	(2.35)	10.47
HT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HST	1.04	(0.06)	0.00	(0.11)	0.00	0.00	1.99	(2.51)	8.94
SVC	2.16	0.02	0.01	0.02	2.85	(2.32)	5.04	(5.50)	13.61
SHO	1.14	0.09	0.05	0.12	1.51	(1.21)	2.54	(2.38)	15.86
RHP	0.99	(0.17)	0.00	(0.19)	0.00	0.00	1.71	(2.07)	7.57
PEB	1.35	(0.04)	0.00	0.46	0.00	0.00	3.93	(3.05)	13.08

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