Choice Hotels Correlations
| CZH Stock | EUR 120.00 1.00 0.84% |
The current 90-days correlation between Choice Hotels Intern and Hyatt Hotels is 0.48 (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
Significant diversification
The correlation between Choice Hotels International and DJI is 0.01 (i.e., Significant 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.
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The ability to find closely correlated positions to Choice Hotels could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Choice Hotels 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 Choice Hotels - 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 Choice Hotels International to buy it.
Moving together with Choice Stock
| 0.93 | MAQ | Marriott International | PairCorr |
| 0.91 | HI91 | Hilton Worldwide Holdings | PairCorr |
| 0.81 | 1HTA | Hyatt Hotels | PairCorr |
| 0.91 | IC1H | InterContinental Hotels | PairCorr |
| 0.92 | IC1B | INTERCONT HOTELS | PairCorr |
| 0.81 | ACR1 | ACCOR SPADR NEW | PairCorr |
| 0.8 | ACR | Accor SA | PairCorr |
| 0.93 | 2WY | Wyndham Hotels Resorts | PairCorr |
| 0.66 | BYRA | PT Bank Rakyat | PairCorr |
| 0.79 | BYRA | BANK RAKYAT IND | PairCorr |
Moving against Choice Stock
| 0.79 | AG9 | ACTIA GROUP SA | PairCorr |
| 0.64 | TKA | thyssenkrupp AG | PairCorr |
| 0.55 | JYS1 | JYSKE BANK | PairCorr |
| 0.34 | CL4A | H World Group | PairCorr |
| 0.33 | T62 | TOHO ZINC LTD | PairCorr |
| 0.77 | PKX | POSCO Holdings | PairCorr |
| 0.58 | DUBA | DRDGold | PairCorr |
| 0.55 | 6BW | BW ENERGY LTD | PairCorr |
| 0.51 | BSN | Danone SA | PairCorr |
| 0.45 | 5TP | BLUE LABEL | PairCorr |
| 0.41 | 3RE | Rejlerkoncernen AB | PairCorr |
| 0.4 | KONN | Komercn banka as | PairCorr |
| 0.39 | ROI | Rosenbauer International | PairCorr |
| 0.34 | BRH | Berkshire Hathaway | PairCorr |
| 0.31 | BY6A | BYD Limited | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MAQ | 1.50 | (0.29) | 0.00 | 1.36 | 0.00 | 3.12 | 12.52 | |||
| HI91 | 1.21 | (0.15) | 0.00 | (0.78) | 0.00 | 2.21 | 12.36 | |||
| CL4A | 2.02 | 0.19 | 0.08 | 18.41 | 2.30 | 4.82 | 11.95 | |||
| 1HTA | 1.67 | (0.40) | 0.00 | 1.42 | 0.00 | 3.49 | 15.12 | |||
| IC1H | 1.25 | (0.26) | 0.00 | (7.41) | 0.00 | 2.34 | 7.91 | |||
| IC1B | 1.25 | (0.28) | 0.00 | (1.42) | 0.00 | 2.36 | 7.23 | |||
| ACR1 | 1.11 | (0.07) | 0.00 | (0.14) | 0.00 | 2.29 | 7.06 | |||
| ACR | 1.12 | (0.09) | 0.00 | (0.13) | 0.00 | 1.99 | 7.45 | |||
| 2WY | 1.26 | (0.20) | 0.00 | (2.15) | 0.00 | 1.92 | 6.96 | |||
| CZH | 1.22 | (0.18) | 0.00 | (8.41) | 0.00 | 2.17 | 10.57 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Choice Hotels 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.Did you try this?
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Choice Hotels Corporate Management
Elected by the shareholders, the Choice Hotels' board of directors comprises two types of representatives: Choice Hotels inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Choice. The board's role is to monitor Choice Hotels' management team and ensure that shareholders' interests are well served. Choice Hotels' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Choice Hotels' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Elizabeth Redmond | Chief Officer | Profile | |
| John Bonds | VP Technology | Profile | |
| Simone Wu | Gen Affairs | Profile | |
| Chad Fletcher | VP Sales | Profile | |
| David Pepper | Chief Officer | Profile | |
| Dominic Dragisich | Chief Officer | Profile | |
| Patrick Pacious | CEO Pres | Profile |