Chatham Lodging Correlations

CLDT Stock

USD 7.39 0.04 0.54%

The current 90-days correlation between Chatham Lodging Trust and Summit Hotel Properties is -0.15 (i.e., Good diversification). The correlation of Chatham Lodging 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.

Chatham Lodging Correlation With Market

Very good diversification

The correlation between Chatham Lodging Trust and DJI is -0.33 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chatham Lodging Trust 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 Chatham Lodging Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Chatham Stock

0.8	UE	Urban Edge Properties	Pair Corr
0.76	EQIX	Equinix	Pair Corr
0.9	ESBA	Empire State Realty	Pair Corr
0.92	FISK	Empire State Realty	Pair Corr
0.76	AKR	Acadia Realty Trust	Pair Corr
0.86	BDN	Brandywine Realty Trust	Pair Corr
0.72	BFS	Saul Centers	Pair Corr
0.81	BXP	Boston Properties	Pair Corr
0.84	DEI	Douglas Emmett	Pair Corr
0.81	DLR	Digital Realty Trust	Pair Corr
0.67	EQC	Equity Commonwealth	Pair Corr
0.86	INN	Summit Hotel Properties	Pair Corr
0.82	IRM	Iron Mountain	Pair Corr
0.81	KRC	Kilroy Realty Corp	Pair Corr
0.81	KRG	Kite Realty Group	Pair Corr
0.69	LPA	Logistic Properties	Pair Corr
0.84	PDM	Piedmont Office Realty	Pair Corr
0.86	SLG	SL Green Realty	Pair Corr
0.81	PGRE	Paramount Group	Pair Corr
0.77	CRESY	Cresud SACIF y	Pair Corr

Moving against Chatham Stock

0.88	MPW	Medical Properties Trust	Pair Corr
0.8	AMT	American Tower Corp	Pair Corr
0.69	BNL	Broadstone Net Lease	Pair Corr
0.69	CCI	Crown Castle	Pair Corr
0.46	AIV	Apartment Investment and	Pair Corr
0.85	DX	Dynex Capital	Pair Corr
0.84	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.81	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.77	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.75	HASI	Hannon Armstrong Sus	Pair Corr
0.75	O	Realty Income	Pair Corr
0.75	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.75	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.73	SBAC	SBA Communications Corp	Pair Corr
0.71	GLPI	Gaming Leisure Properties	Pair Corr

Related Correlations Analysis

	INN	RLJ	PEB	HT	WSR
INN		0.93	0.9	0.0	-0.4	INN
RLJ	0.93		0.96	0.0	-0.23	RLJ
PEB	0.9	0.96		0.0	-0.29	PEB
HT	0.0	0.0	0.0		0.0	HT
WSR	-0.4	-0.23	-0.29	0.0		WSR
	INN	RLJ	PEB	HT	WSR

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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

PEB	+ 0.96	RLJ
RLJ	+ 0.93	INN
PEB	+ 0.9	INN
HT	+ 0.0	INN
HT	+ 0.0	RLJ
HT	+ 0.0	PEB

High negative correlations

WSR	- 0.4	INN
WSR	- 0.29	PEB
WSR	- 0.23	RLJ
WSR	- 0.0	HT
HT	- 0.0	PEB
HT	- 0.0	RLJ

Risk-Adjusted Indicators

There is a big difference between Chatham Stock performing well and Chatham Lodging 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 Chatham Lodging'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
INN	1.50	(0.22)	(0.24)	2.72	(3.52)	8.37
RLJ	1.36	(0.28)	(0.50)	2.82	(3.35)	8.31
PEB	1.70	(0.44)	(0.39)	2.40	(4.87)	10.19
HT	0.00	0.00	0.00	0.00	0.00	0.00
WSR	1.01	(0.04)	(0.36)	1.80	(2.01)	5.60

Chatham Lodging Corporate Management

Eric Kentoff	General VP	Profile
Ethel Williams	Independent Director	Profile
Thomas Crocker	Independent Trustee	Profile
Rolf Ruhfus	Independent Trustee	Profile
David Grissen	Independent Director	Profile

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