Hilton Worldwide Correlations

HI91 Stock

EUR 244.90 0.90 0.37%

The current 90-days correlation between Hilton Worldwide Holdings and Cardinal Health is -0.22 (i.e., Very good diversification). The correlation of Hilton Worldwide 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.

Hilton Worldwide Correlation With Market

Good diversification

The correlation between Hilton Worldwide Holdings and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hilton Worldwide Holdings and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Hilton Worldwide could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hilton Worldwide 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 Hilton Worldwide - 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 Hilton Worldwide Holdings to buy it.

Moving together with Hilton Stock

0.62	CL4A	H World Group	Pair Corr
0.71	CZH	Choice Hotels Intern	Pair Corr
0.68	SQE	Strategic Education	Pair Corr
0.76	IBM	International Business	Pair Corr
0.62	1YL	PROSUS NV ADR	Pair Corr
0.83	KGHA	KGHM Polska Miedz	Pair Corr
0.65	AS7	ANTA Sports Products	Pair Corr

Moving against Hilton Stock

0.47

LGLG

LG Electronics

Pair Corr

Related Correlations Analysis

	9TH0	BZ7A	DDX	CUD	2U0	CLH	MHG	7RA
9TH0		0.0	1.0	0.0	0.0	0.0	0.0	0.0	9TH0
BZ7A	0.0		0.0	0.67	-0.4	-0.56	0.0	-0.46	BZ7A
DDX	1.0	0.0		0.0	0.0	0.0	0.0	0.0	DDX
CUD	0.0	0.67	0.0		-0.3	-0.51	-0.23	-0.5	CUD
2U0	0.0	-0.4	0.0	-0.3		0.43	-0.05	0.58	2U0
CLH	0.0	-0.56	0.0	-0.51	0.43		0.06	0.64	CLH
MHG	0.0	0.0	0.0	-0.23	-0.05	0.06		0.41	MHG
7RA	0.0	-0.46	0.0	-0.5	0.58	0.64	0.41		7RA
	9TH0	BZ7A	DDX	CUD	2U0	CLH	MHG	7RA

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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

DDX	+ 1.0	9TH0
CUD	+ 0.67	BZ7A
7RA	+ 0.64	CLH
7RA	+ 0.58	2U0
CLH	+ 0.43	2U0
7RA	+ 0.41	MHG

High negative correlations

CLH	- 0.56	BZ7A
CLH	- 0.51	CUD
7RA	- 0.5	CUD
7RA	- 0.46	BZ7A
2U0	- 0.4	BZ7A
2U0	- 0.3	CUD

Risk-Adjusted Indicators

There is a big difference between Hilton Stock performing well and Hilton Worldwide 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 Worldwide'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
9TH0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BZ7A	1.39	(0.12)	0.00	(0.38)	0.00	0.00	2.94	(3.57)	10.12
DDX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CUD	0.77	0.00	0.01	(0.33)	1.03	(0.76)	1.71	(1.58)	4.89
2U0	1.94	0.21	0.09	0.72	2.09	(2.36)	4.64	(3.98)	23.74
CLH	1.00	0.14	0.11	0.18	1.11	(1.11)	2.59	(2.24)	6.71
MHG	1.88	0.16	0.06	(1.85)	2.58	(2.18)	4.28	(4.01)	16.75
7RA	1.67	0.21	0.10	0.78	1.77	(2.19)	4.32	(3.63)	14.60

Be your own money manager

Our tools can tell you how much better you can do entering a position in Hilton Worldwide 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.

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Hilton Worldwide Corporate Management

Elected by the shareholders, the Hilton Worldwide's board of directors comprises two types of representatives: Hilton Worldwide inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Hilton. The board's role is to monitor Hilton Worldwide's management team and ensure that shareholders' interests are well served. Hilton Worldwide's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Hilton Worldwide's outside directors are responsible for providing unbiased perspectives on the board's policies.

CHA MAI	Lifestyle, Luxury	Profile
Jill Slattery	Investor Director	Profile
Julia Austin	Director Marketing	Profile
Laura Fuentes	Ex Officer	Profile

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