Expedia Correlations

EXPE Stock

USD 199.76 0.21 0.11%

The current 90-days correlation between Expedia Group and Airbnb Inc is 0.29 (i.e., Modest diversification). The correlation of Expedia 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.

Expedia Correlation With Market

Significant diversification

The correlation between Expedia Group and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Expedia Group and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Expedia Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Expedia Stock

0.7	MCD	McDonalds	Pair Corr
0.76	YUM	Yum Brands	Pair Corr

Moving against Expedia Stock

0.38	PLNT	Planet Fitness	Pair Corr
0.34	F	Ford Motor Earnings Call Today	Pair Corr
0.33	GM	General Motors	Pair Corr
0.51	DOOO	BRP Inc	Pair Corr
0.37	RH	RH	Pair Corr

Related Correlations Analysis

	ABNB	TRIP	RCL	NCLH	TCOM	BKNG	DESP	TNL	CCL
ABNB		0.18	0.35	-0.03	-0.1	0.43	0.13	0.59	0.0	ABNB
TRIP	0.18		0.61	0.3	0.14	-0.58	0.64	0.52	0.44	TRIP
RCL	0.35	0.61		0.75	0.35	-0.05	0.2	0.73	0.84	RCL
NCLH	-0.03	0.3	0.75		0.21	-0.03	0.0	0.44	0.88	NCLH
TCOM	-0.1	0.14	0.35	0.21		-0.02	-0.19	-0.08	0.56	TCOM
BKNG	0.43	-0.58	-0.05	-0.03	-0.02		-0.53	0.14	-0.07	BKNG
DESP	0.13	0.64	0.2	0.0	-0.19	-0.53		0.22	-0.04	DESP
TNL	0.59	0.52	0.73	0.44	-0.08	0.14	0.22		0.4	TNL
CCL	0.0	0.44	0.84	0.88	0.56	-0.07	-0.04	0.4		CCL
	ABNB	TRIP	RCL	NCLH	TCOM	BKNG	DESP	TNL	CCL

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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

CCL	+ 0.88	NCLH
CCL	+ 0.84	RCL
NCLH	+ 0.75	RCL
TNL	+ 0.73	RCL
DESP	+ 0.64	TRIP
RCL	+ 0.61	TRIP

High negative correlations

BKNG	- 0.58	TRIP
DESP	- 0.53	BKNG
DESP	- 0.19	TCOM
TCOM	- 0.1	ABNB
TNL	- 0.08	TCOM
CCL	- 0.07	BKNG

Risk-Adjusted Indicators

There is a big difference between Expedia Stock performing well and Expedia 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 Expedia'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
ABNB	1.64	0.12	0.06	0.19	1.90	(1.87)	3.76	(3.55)	20.40
TRIP	1.96	0.15	0.05	0.09	2.62	(2.07)	3.35	(4.00)	22.34
RCL	1.53	0.06	0.02	0.17	2.31	(1.51)	2.77	(3.95)	19.63
NCLH	1.81	(0.07)	0.00	(0.15)	0.00	0.00	4.17	(4.89)	13.88
TCOM	2.13	0.15	0.05	1.13	2.58	(2.11)	4.26	(4.08)	14.34
BKNG	1.16	0.01	0.00	0.03	1.64	(1.14)	2.25	(2.73)	8.76
DESP	1.59	0.23	0.10	3.34	1.72	(2.00)	2.41	(3.14)	33.61
TNL	1.11	0.08	0.05	0.08	1.45	(1.21)	2.39	(2.09)	7.46
CCL	1.73	(0.03)	0.00	(0.05)	0.00	0.00	3.02	(3.99)	14.00

Expedia Corporate Management

Michael Gulmann	SVP Product	Profile
Lance Soliday	Chief Accounting Officer, Controller and VP	Profile
Scott Schenkel	Chief Officer	Profile
Archana Singh	Chief Officer	Profile

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