Choice Hotels Correlations
| CHH Stock | USD 133.52 0.36 0.27% |
The current 90-days correlation between Choice Hotels Intern and Hyatt Hotels is 0.55 (i.e., Very weak diversification). The correlation of Choice Hotels 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.
Choice Hotels Correlation With Market
Modest diversification
The correlation between Choice Hotels International and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Choice Hotels International and DJI in the same portfolio, assuming nothing else is changed.
Choice |
Moving together with Choice Stock
| 0.7 | H | Hyatt Hotels | PairCorr |
| 0.91 | WH | Wyndham Hotels Resorts | PairCorr |
| 0.62 | WING | Wingstop | PairCorr |
| 0.76 | FLUT | Flutter Entertainment plc | PairCorr |
| 0.87 | BYD | Boyd Gaming | PairCorr |
| 0.72 | CCL | Carnival | PairCorr |
| 0.8 | CSV | Carriage Services | PairCorr |
| 0.74 | CUK | Carnival Plc ADS | PairCorr |
| 0.83 | CZR | Caesars Entertainment | PairCorr |
| 0.65 | FAT | FAT Brands | PairCorr |
| 0.88 | FWRG | First Watch Restaurant | PairCorr |
| 0.86 | XPOF | Xponential Fitness Buyout Trend | PairCorr |
| 0.78 | RCL | Royal Caribbean Cruises | PairCorr |
| 0.67 | RGS | Regis Common | PairCorr |
Moving against Choice Stock
Related Correlations Analysis
| 0.57 | 0.83 | 0.89 | 0.66 | -0.84 | H | ||
| 0.57 | 0.85 | 0.85 | 0.94 | -0.18 | HLT | ||
| 0.83 | 0.85 | 0.96 | 0.88 | -0.57 | IHG | ||
| 0.89 | 0.85 | 0.96 | 0.89 | -0.6 | MAR | ||
| 0.66 | 0.94 | 0.88 | 0.89 | -0.34 | WH | ||
| -0.84 | -0.18 | -0.57 | -0.6 | -0.34 | HTHT | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Choice Stock performing well and Choice Hotels 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 Choice Hotels' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| H | 1.47 | (0.27) | 0.00 | (0.26) | 0.00 | 2.86 | 14.00 | |||
| HLT | 1.15 | (0.04) | 0.00 | (0.04) | 0.00 | 2.30 | 8.20 | |||
| IHG | 0.93 | (0.17) | 0.00 | (0.24) | 0.00 | 1.92 | 6.84 | |||
| MAR | 1.25 | (0.17) | 0.00 | (0.16) | 0.00 | 2.29 | 9.01 | |||
| WH | 1.13 | (0.09) | 0.00 | (0.09) | 0.00 | 2.20 | 7.32 | |||
| HTHT | 1.70 | 0.23 | 0.11 | 0.33 | 1.96 | 3.73 | 8.91 |