Hilton Grand Correlations

HGV Stock

USD 41.74 0.10 0.24%

The current 90-days correlation between Hilton Grand Vacations and Vail Resorts is 0.54 (i.e., Very weak diversification). The correlation of Hilton Grand 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.

Hilton Grand Correlation With Market

Very weak diversification

The correlation between Hilton Grand Vacations and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hilton Grand Vacations and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hilton Grand Vacations. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Hilton Stock

0.82	BH	Biglari Holdings	Pair Corr
0.67	EVRI	Everi Holdings	Pair Corr
0.84	EXPE	Expedia Group	Pair Corr
0.8	BYD	Boyd Gaming	Pair Corr
0.77	CCL	Carnival Fiscal Year End 19th of December 2024	Pair Corr
0.73	DIN	Dine Brands Global	Pair Corr
0.75	DPZ	Dominos Pizza	Pair Corr
0.7	DRI	Darden Restaurants	Pair Corr
0.81	EAT	Brinker International	Pair Corr
0.88	FUN	Six Flags Entertainment	Pair Corr
0.86	FWRG	First Watch Restaurant	Pair Corr
0.83	OSW	OneSpaWorld Holdings	Pair Corr
0.78	XPOF	Xponential Fitness	Pair Corr
0.79	RCL	Royal Caribbean Cruises	Pair Corr
0.61	RSI	Rush Street Interactive	Pair Corr
0.67	GAMB	Gambling Group	Pair Corr
0.77	BTCTW	BTC Digital	Pair Corr
0.82	VIK	Viking Holdings	Pair Corr

Moving against Hilton Stock

0.6	EJH	E Home Household	Pair Corr
0.57	WING	Wingstop	Pair Corr
0.38	FLL	Full House Resorts	Pair Corr
0.54	HRB	HR Block	Pair Corr
0.42	IGT	International Game	Pair Corr
0.31	QSR	Restaurant Brands	Pair Corr
0.66	YTRA	Yatra Online	Pair Corr
0.53	HOFVW	Hall of Fame	Pair Corr
0.44	LOCO	El Pollo Loco	Pair Corr
0.34	MOND	Mondee Holdings	Pair Corr

Related Correlations Analysis

	MTN	MCRI	PLYA	BVH	MSC	FLL	GDEN	VAC	RRR	CNTY
MTN		0.24	0.05	-0.19	-0.3	-0.33	0.73	0.23	0.19	0.09	MTN
MCRI	0.24		0.86	0.74	0.14	-0.34	0.57	0.93	-0.5	0.91	MCRI
PLYA	0.05	0.86		0.9	0.01	-0.27	0.41	0.96	-0.64	0.95	PLYA
BVH	-0.19	0.74	0.9		0.13	-0.23	0.19	0.82	-0.61	0.86	BVH
MSC	-0.3	0.14	0.01	0.13		-0.09	-0.16	0.05	-0.07	0.0	MSC
FLL	-0.33	-0.34	-0.27	-0.23	-0.09		-0.51	-0.37	0.36	-0.27	FLL
GDEN	0.73	0.57	0.41	0.19	-0.16	-0.51		0.55	-0.15	0.44	GDEN
VAC	0.23	0.93	0.96	0.82	0.05	-0.37	0.55		-0.55	0.95	VAC
RRR	0.19	-0.5	-0.64	-0.61	-0.07	0.36	-0.15	-0.55		-0.61	RRR
CNTY	0.09	0.91	0.95	0.86	0.0	-0.27	0.44	0.95	-0.61		CNTY
	MTN	MCRI	PLYA	BVH	MSC	FLL	GDEN	VAC	RRR	CNTY

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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

VAC	+ 0.96	PLYA
CNTY	+ 0.95	PLYA
CNTY	+ 0.95	VAC
VAC	+ 0.93	MCRI
CNTY	+ 0.91	MCRI
BVH	+ 0.9	PLYA

High negative correlations

RRR	- 0.64	PLYA
CNTY	- 0.61	RRR
RRR	- 0.61	BVH
RRR	- 0.55	VAC
GDEN	- 0.51	FLL
RRR	- 0.5	MCRI

Risk-Adjusted Indicators

There is a big difference between Hilton Stock performing well and Hilton Grand 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 Hilton Grand'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
MTN	1.25	(0.10)	(0.04)	0.04	1.69	(1.20)	2.23	(3.03)	10.18
MCRI	0.90	0.11	0.07	0.26	0.89	(1.04)	1.87	(1.82)	7.86
PLYA	1.33	0.20	0.15	0.27	1.13	(1.46)	3.23	(2.00)	9.17
BVH	2.02	0.32	0.08	1.16	2.76	(2.21)	5.30	(3.44)	15.57
MSC	3.26	0.24	0.03	1.54	3.99	(4.42)	8.94	(6.51)	29.65
FLL	1.48	(0.19)	0.00	(0.05)	0.00	0.00	3.46	(2.99)	12.48
GDEN	1.54	(0.07)	(0.01)	0.07	1.59	(1.86)	3.76	(2.62)	9.03
VAC	1.83	0.28	0.19	0.28	1.51	(2.18)	4.78	(3.21)	15.31
RRR	1.46	(0.33)	0.00	(0.11)	0.00	0.00	2.69	(3.09)	12.47
CNTY	3.00	0.96	0.26	4.87	2.52	(3.68)	7.30	(4.88)	17.01

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