Booking Holdings Correlations

BKNG Stock

USD 5,202 21.17 0.41%

The current 90-days correlation between Booking Holdings and Airbnb Inc is 0.14 (i.e., Average diversification). The correlation of Booking Holdings 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.

Booking Holdings Correlation With Market

Weak diversification

The correlation between Booking Holdings and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Booking Holdings 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 Booking Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more detail on how to invest in Booking Stock please use our How to Invest in Booking Holdings guide.

Moving together with Booking Stock

0.76	BH	Biglari Holdings	Pair Corr
0.77	SG	Sweetgreen	Pair Corr
0.92	EVRI	Everi Holdings	Pair Corr
0.97	EXPE	Expedia Group	Pair Corr
0.82	AGS	PlayAGS	Pair Corr
0.94	BYD	Boyd Gaming	Pair Corr
0.97	CCL	Carnival Fiscal Year End 19th of December 2024	Pair Corr
0.71	CMG	Chipotle Mexican Grill Aggressive Push	Pair Corr
0.7	DIN	Dine Brands Global	Pair Corr
0.84	DPZ	Dominos Pizza	Pair Corr
0.67	DRI	Darden Restaurants	Pair Corr
0.98	EAT	Brinker International	Pair Corr
0.62	FUN	Six Flags Entertainment	Pair Corr
0.64	GAN	Gan	Pair Corr
0.81	HGV	Hilton Grand Vacations	Pair Corr
0.73	FWRG	First Watch Restaurant	Pair Corr
0.63	LVS	Las Vegas Sands Fiscal Year End 22nd of January 2025	Pair Corr
0.97	OSW	OneSpaWorld Holdings	Pair Corr
0.62	XPOF	Xponential Fitness	Pair Corr
0.97	RCL	Royal Caribbean Cruises	Pair Corr
0.83	RSI	Rush Street Interactive	Pair Corr
0.64	GAMB	Gambling Group	Pair Corr
0.67	BTCTW	BTC Digital	Pair Corr
0.96	VIK	Viking Holdings	Pair Corr

Moving against Booking Stock

0.81	EJH	E Home Household	Pair Corr
0.72	WING	Wingstop	Pair Corr
0.77	HRB	HR Block	Pair Corr
0.76	IGT	International Game	Pair Corr
0.45	LNW	Light Wonder	Pair Corr
0.34	BTBDW	BT Brands Warrant	Pair Corr
0.75	MOND	Mondee Holdings	Pair Corr
0.71	LOCO	El Pollo Loco	Pair Corr
0.65	YTRA	Yatra Online	Pair Corr
0.5	HOFVW	Hall of Fame	Pair Corr

Related Correlations Analysis

	TRIP	ABNB	RCL	NCLH	CCL	EXPE	TCOM	DESP	TNL
TRIP		0.59	0.23	0.38	0.27	0.21	0.48	0.06	0.19	TRIP
ABNB	0.59		0.8	0.87	0.83	0.78	0.81	0.67	0.75	ABNB
RCL	0.23	0.8		0.97	0.99	0.98	0.74	0.91	0.96	RCL
NCLH	0.38	0.87	0.97		0.98	0.94	0.77	0.83	0.91	NCLH
CCL	0.27	0.83	0.99	0.98		0.96	0.72	0.9	0.94	CCL
EXPE	0.21	0.78	0.98	0.94	0.96		0.73	0.91	0.98	EXPE
TCOM	0.48	0.81	0.74	0.77	0.72	0.73		0.6	0.71	TCOM
DESP	0.06	0.67	0.91	0.83	0.9	0.91	0.6		0.9	DESP
TNL	0.19	0.75	0.96	0.91	0.94	0.98	0.71	0.9		TNL
	TRIP	ABNB	RCL	NCLH	CCL	EXPE	TCOM	DESP	TNL

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Risk-Adjusted Indicators

There is a big difference between Booking Stock performing well and Booking Holdings 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 Booking Holdings' 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
TRIP	1.86	(0.18)	(0.03)	0.01	3.24	(1.61)	3.08	(4.39)	16.78
ABNB	1.46	0.11	0.05	0.24	2.02	(1.54)	3.64	(1.99)	13.83
RCL	1.49	0.40	0.34	0.39	0.95	(1.88)	3.63	(2.33)	10.23
NCLH	1.95	0.42	0.32	0.37	1.18	(2.53)	5.23	(2.27)	13.47
CCL	1.67	0.46	0.37	0.42	0.94	(2.27)	4.83	(2.27)	10.20
EXPE	1.27	0.28	0.23	0.37	0.94	(1.55)	2.69	(1.76)	7.76
TCOM	2.41	0.64	0.12	(0.76)	2.88	(2.54)	7.05	(3.99)	21.01
DESP	2.33	0.51	0.20	0.61	2.08	(2.73)	5.78	(3.54)	22.17
TNL	1.21	0.25	0.20	0.34	1.08	(1.44)	2.96	(2.28)	6.85

Booking Holdings Corporate Management

Susana CPA	Chief VP	Profile
Anthony Cali	VP	Profile
Paulo Pisano	Chief Officer	Profile
Daniel Hafner	Chief KAYAK	Profile
Susana DEmic	Chief VP	Profile

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