Event Hospitality Correlations

AQHE Stock

6.65 0.25 3.62%

The current 90-days correlation between Event Hospitality and CSSC Offshore Marine is 0.15 (i.e., Average diversification). The correlation of Event 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.

Event Hospitality Correlation With Market

Significant diversification

The correlation between Event Hospitality and and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Event Hospitality and and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Event 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 Event 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 Event 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 Event Hospitality and to buy it.

Moving together with Event Stock

0.82	APC	Apple Inc	Pair Corr
0.83	APC	Apple Inc	Pair Corr
0.83	APC	Apple Inc	Pair Corr
0.83	APC	Apple Inc	Pair Corr
0.83	APC	Apple Inc	Pair Corr
0.83	APC	Apple Inc	Pair Corr
0.81	MSF	Microsoft	Pair Corr
0.8	MSF	Microsoft	Pair Corr
0.81	MSF	Microsoft	Pair Corr
0.79	MSF	Microsoft	Pair Corr
0.68	RS6	RELIANCE STEEL AL	Pair Corr
0.79	WX7	Corporate Office Pro	Pair Corr
0.77	0XHR	Xenia Hotels Resorts	Pair Corr
0.84	2CDA	Controladora Vuela Compaa	Pair Corr
0.69	TSFA	Taiwan Semiconductor	Pair Corr
0.86	EN3	Enbridge	Pair Corr
0.84	WD5A	TRAVEL LEISURE DL	Pair Corr
0.79	2T9A	TRAINLINE PLC LS	Pair Corr
0.65	KOMA	KOMATSU LTD SPONS	Pair Corr
0.81	MSF	Microsoft	Pair Corr
0.83	FFH	Fifth Third Bancorp	Pair Corr
0.85	LIE	Sun Life Financial	Pair Corr
0.64	C6TB	CHINA BANK ADR20	Pair Corr
0.85	AZ5	AutoZone	Pair Corr

Moving against Event Stock

0.78	SSU	Samsung Electronics	Pair Corr
0.75	SSU	Samsung Electronics	Pair Corr
0.72	SSUN	Samsung Electronics	Pair Corr
0.7	SSUN	Samsung Electronics	Pair Corr
0.53	TCID	Telkom Indonesia Tbk	Pair Corr
0.5	TCID	Telkom Indonesia Tbk	Pair Corr
0.47	PTI	Perusahaan Perseroan	Pair Corr
0.41	TCID	Telkom Indonesia Tbk	Pair Corr
0.79	TCID	Telkom Indonesia Tbk	Pair Corr
0.32	ECHA	Ecopetrol SA	Pair Corr
0.47	AXI	Atos SE	Pair Corr

Related Correlations Analysis

	AF4	5UI	SV2	NRM	GSZ	PD0	DHG
AF4		0.76	0.87	0.86	-0.69	0.54	0.8	AF4
5UI	0.76		0.57	0.75	-0.75	0.63	0.77	5UI
SV2	0.87	0.57		0.72	-0.53	0.39	0.69	SV2
NRM	0.86	0.75	0.72		-0.74	0.78	0.81	NRM
GSZ	-0.69	-0.75	-0.53	-0.74		-0.7	-0.56	GSZ
PD0	0.54	0.63	0.39	0.78	-0.7		0.59	PD0
DHG	0.8	0.77	0.69	0.81	-0.56	0.59		DHG
	AF4	5UI	SV2	NRM	GSZ	PD0	DHG

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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

SV2	+ 0.87	AF4
NRM	+ 0.86	AF4
DHG	+ 0.81	NRM
DHG	+ 0.8	AF4
PD0	+ 0.78	NRM
DHG	+ 0.77	5UI

High negative correlations

GSZ	- 0.75	5UI
GSZ	- 0.74	NRM
PD0	- 0.7	GSZ
GSZ	- 0.69	AF4
DHG	- 0.56	GSZ
GSZ	- 0.53	SV2

Risk-Adjusted Indicators

There is a big difference between Event Stock performing well and Event 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 Event 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
AF4	1.11	0.14	0.10	0.21	1.01	(1.64)	2.87	(2.03)	7.09
5UI	1.73	(0.02)	0.00	0.01	2.93	(2.14)	3.94	(3.29)	14.64
SV2	1.35	0.08	0.03	(3.66)	1.59	(1.58)	2.76	(2.87)	9.71
NRM	1.29	0.13	0.06	0.88	1.46	(1.57)	3.24	(2.61)	11.70
GSZ	2.35	(0.07)	0.00	0.13	0.00	0.00	6.45	(4.83)	18.41
PD0	1.50	0.03	0.01	0.04	1.72	(2.42)	3.82	(3.51)	12.73
DHG	1.51	0.10	0.02	(0.21)	2.76	(2.09)	3.85	(5.44)	20.89

Be your own money manager

Our tools can tell you how much better you can do entering a position in Event 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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