Chatham Lodging Correlations

CLDT Stock

USD 8.43 0.07 0.82%

The current 90-days correlation between Chatham Lodging Trust and Summit Hotel Properties is 0.72 (i.e., Poor 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

Average diversification

The correlation between Chatham Lodging Trust and DJI is 0.16 (i.e., Average 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

0.78	AHH	Armada Hflr Pr Earnings Call This Week	Pair Corr
0.73	BNL	Broadstone Net Lease Earnings Call This Week	Pair Corr
0.65	CCI	Crown Castle	Pair Corr
0.79	OLP	One Liberty Properties	Pair Corr
0.79	RYN	Rayonier	Pair Corr
0.82	PLYM	Plymouth Industrial REIT Earnings Call This Week	Pair Corr
0.7	HR	Healthcare Realty Trust	Pair Corr
0.75	OZ	Belpointe PREP LLC	Pair Corr
0.9	PK	Park Hotels Resorts Earnings Call Next Week	Pair Corr
0.74	RC	Ready Capital Corp Earnings Call Next Week	Pair Corr

Moving against Chatham Stock

0.53	EPR	EPR Properties	Pair Corr
0.52	DX	Dynex Capital	Pair Corr
0.47	FPI	Farmland Partners	Pair Corr
0.35	TRNO	Terreno Realty	Pair Corr
0.7	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.66	CDR-PC	Cedar Realty Trust Downward Rally	Pair Corr
0.49	MITT-PC	AG Mortgage Investment Earnings Call This Week	Pair Corr
0.45	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.44	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.38	WELL	Welltower	Pair Corr
0.34	VTMX	Corporacin Inmobiliaria Earnings Call This Week	Pair Corr
0.33	AHT-PH	Ashford Hospitality Trust	Pair Corr

Related Correlations Analysis

	INN	RLJ	PEB	HT	WSR
INN		0.71	0.57	0.0	-0.04	INN
RLJ	0.71		0.93	0.0	0.52	RLJ
PEB	0.57	0.93		0.0	0.47	PEB
HT	0.0	0.0	0.0		0.0	HT
WSR	-0.04	0.52	0.47	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	+ 0.93	RLJ
RLJ	+ 0.71	INN
PEB	+ 0.57	INN
WSR	+ 0.52	RLJ
WSR	+ 0.47	PEB
HT	+ 0.0	INN

High negative correlations

WSR	- 0.04	INN
WSR	- 0.0	HT
HT	- 0.0	PEB
HT	- 0.0	RLJ
HT	- 0.0	INN

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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
INN	1.22	0.13	0.10	1.16	1.23	(1.52)	2.74	(1.81)	9.84
RLJ	1.05	0.02	0.01	0.37	1.43	(1.14)	2.01	(2.35)	10.47
PEB	1.25	(0.02)	0.00	(0.07)	0.00	0.00	2.40	(2.97)	13.08
HT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WSR	0.91	(0.11)	0.00	(0.41)	0.00	0.00	1.48	(1.85)	8.21

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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