Braemar Hotel Correlations

BHR Stock

USD 2.80 0.16 5.41%

The current 90-days correlation between Braemar Hotel Resorts and Summit Hotel Properties is 0.33 (i.e., Weak diversification). The correlation of Braemar Hotel 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.

Braemar Hotel Correlation With Market

Average diversification

The correlation between Braemar Hotel Resorts and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Braemar Hotel Resorts 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 Braemar Hotel Resorts. 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 together with Braemar Stock

0.63	BFS	Saul Centers	Pair Corr
0.64	OHI	Omega Healthcare Inv	Pair Corr

Moving against Braemar Stock

0.71	AIV	Apartment Investment and	Pair Corr
0.34	Z	Zillow Group Class	Pair Corr
0.39	WY	Weyerhaeuser	Pair Corr
0.38	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.33	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.32	AHT-PG	Ashford Hospitality Trust	Pair Corr

Related Correlations Analysis

	INN	SVC	IHT	SOHON	RLJ	DRH	CLDT	HT	XHR	SHO
INN		-0.04	-0.32	0.12	0.92	0.86	0.88	0.0	0.87	0.87	INN
SVC	-0.04		0.55	0.06	-0.23	-0.29	-0.27	0.0	-0.23	-0.33	SVC
IHT	-0.32	0.55		0.09	-0.51	-0.59	-0.56	0.0	-0.49	-0.54	IHT
SOHON	0.12	0.06	0.09		0.14	0.11	0.04	0.0	0.16	0.13	SOHON
RLJ	0.92	-0.23	-0.51	0.14		0.97	0.96	0.0	0.95	0.94	RLJ
DRH	0.86	-0.29	-0.59	0.11	0.97		0.97	0.0	0.96	0.96	DRH
CLDT	0.88	-0.27	-0.56	0.04	0.96	0.97		0.0	0.95	0.93	CLDT
HT	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	HT
XHR	0.87	-0.23	-0.49	0.16	0.95	0.96	0.95	0.0		0.95	XHR
SHO	0.87	-0.33	-0.54	0.13	0.94	0.96	0.93	0.0	0.95		SHO
	INN	SVC	IHT	SOHON	RLJ	DRH	CLDT	HT	XHR	SHO

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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

DRH	+ 0.97	RLJ
CLDT	+ 0.97	DRH
CLDT	+ 0.96	RLJ
XHR	+ 0.96	DRH
SHO	+ 0.96	DRH
XHR	+ 0.95	RLJ

High negative correlations

DRH	- 0.59	IHT
CLDT	- 0.56	IHT
SHO	- 0.54	IHT
RLJ	- 0.51	IHT
XHR	- 0.49	IHT
SHO	- 0.33	SVC

Risk-Adjusted Indicators

There is a big difference between Braemar Stock performing well and Braemar Hotel 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 Braemar Hotel'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
INN	1.50	(0.19)	0.00	(0.25)	0.00	0.00	2.72	(3.52)	8.37
SVC	2.82	0.37	0.08	0.16	3.60	(3.17)	6.47	(7.14)	21.75
IHT	1.95	0.02	0.02	(0.19)	3.37	(2.42)	3.26	(3.52)	18.94
SOHON	1.07	0.08	0.06	0.13	1.43	(1.75)	4.08	(2.60)	11.40
RLJ	1.37	(0.25)	0.00	(0.50)	0.00	0.00	2.82	(3.35)	7.62
DRH	1.19	(0.20)	0.00	(0.27)	0.00	0.00	2.20	(2.89)	9.19
CLDT	1.22	(0.33)	0.00	(0.51)	0.00	0.00	1.98	(3.15)	7.81
HT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
XHR	1.28	(0.29)	0.00	(0.43)	0.00	0.00	1.99	(3.62)	8.37
SHO	1.20	(0.27)	0.00	(0.38)	0.00	0.00	2.17	(2.69)	8.41

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