MHP Hotel Correlations

CDZ0 Stock

1.38 0.02 1.47%

The current 90-days correlation between MHP Hotel AG and Singapore Telecommunications Limited is 0.16 (i.e., Average diversification). The correlation of MHP 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.

MHP Hotel Correlation With Market

Good diversification

The correlation between MHP Hotel AG and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MHP Hotel AG and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with MHP Stock

0.83	ROI	Rosenbauer International	Pair Corr
0.89	SOBA	ATT Inc	Pair Corr
0.72	PEH	PEH WERTPAPIER	Pair Corr
0.79	ROM	Rohm Co	Pair Corr
0.74	KGHA	KGHM Polska Miedz Earnings Call This Week	Pair Corr
0.73	HUKI	HUHTAMAKI	Pair Corr
0.84	TLLB	Trelleborg AB	Pair Corr
0.69	BSN	Danone SA	Pair Corr
0.74	VOL3	VOLVO -A-	Pair Corr
0.83	BY6A	BYD Limited Earnings Call Tomorrow	Pair Corr
0.66	TKA	thyssenkrupp AG	Pair Corr
0.82	KONN	Komercn banka as	Pair Corr
0.85	KEI	KEISEI EL RAILWAY Split	Pair Corr
0.73	JYS1	JYSKE BANK	Pair Corr
0.78	B4B3	Metro AG	Pair Corr
0.89	GIS	General Mills	Pair Corr
0.79	5TP	BLUE LABEL	Pair Corr
0.8	3RE	Rejlerkoncernen AB	Pair Corr
0.81	BRH	Berkshire Hathaway	Pair Corr
0.8	DBPE	Xtrackers LevDAX	Pair Corr
0.81	E908	Lyxor 1	Pair Corr

Moving against MHP Stock

0.57	W5E	Peel Mining Limited	Pair Corr
0.39	RNF	Meteoric Resources	Pair Corr
0.37	3HB	HYBRIGENICS A	Pair Corr
0.79	DBPD	Xtrackers ShortDAX	Pair Corr
0.32	T9V	TASTY PLC LS	Pair Corr
0.31	TTO	TTL Beteiligungs und	Pair Corr

Related Correlations Analysis

	SIT4	CUEH	CHWD	O3I	E4C	CI1A	WN6
SIT4		0.22	0.47	0.74	-0.41	0.69	-0.21	SIT4
CUEH	0.22		0.38	0.11	0.17	-0.02	0.27	CUEH
CHWD	0.47	0.38		0.01	0.17	-0.07	0.58	CHWD
O3I	0.74	0.11	0.01		-0.53	0.87	-0.55	O3I
E4C	-0.41	0.17	0.17	-0.53		-0.67	0.68	E4C
CI1A	0.69	-0.02	-0.07	0.87	-0.67		-0.7	CI1A
WN6	-0.21	0.27	0.58	-0.55	0.68	-0.7		WN6
	SIT4	CUEH	CHWD	O3I	E4C	CI1A	WN6

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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

CI1A	+ 0.87	O3I
O3I	+ 0.74	SIT4
CI1A	+ 0.69	SIT4
WN6	+ 0.68	E4C
WN6	+ 0.58	CHWD
CHWD	+ 0.47	SIT4

High negative correlations

WN6	- 0.7	CI1A
CI1A	- 0.67	E4C
WN6	- 0.55	O3I
E4C	- 0.53	O3I
E4C	- 0.41	SIT4
WN6	- 0.21	SIT4

Risk-Adjusted Indicators

There is a big difference between MHP Stock performing well and MHP 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 MHP 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
SIT4	1.22	0.12	0.08	0.17	1.59	(1.28)	2.28	(2.17)	7.88
CUEH	2.46	0.30	0.12	(0.65)	2.70	(3.14)	5.67	(3.40)	18.33
CHWD	0.62	(0.01)	0.00	(0.15)	0.00	0.00	1.13	(1.12)	4.37
O3I	1.47	0.33	0.32	(0.90)	1.07	(2.02)	3.59	(2.26)	16.26
E4C	0.98	(0.04)	0.03	0.02	1.29	(1.47)	2.26	(2.20)	9.08
CI1A	1.42	0.24	0.15	(0.71)	1.71	(1.79)	3.00	(2.89)	13.49
WN6	1.29	(0.25)	0.00	1.55	0.00	0.00	2.47	(2.71)	10.86

Be your own money manager

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