Hilton Worldwide Correlations
| HLT Stock | USD 234.67 2.11 0.91% |
The current 90-days correlation between Hilton Worldwide Holdings and Hyatt Hotels is 0.79 (i.e., Poor 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Hilton Worldwide Correlation With Market
Very weak diversification
The correlation between Hilton Worldwide Holdings and DJI is 0.57 (i.e., Very weak 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.
Hilton |
Moving together with Hilton Stock
| 0.94 | WH | Wyndham Hotels Resorts | PairCorr |
| 0.74 | DKNG | DraftKings | PairCorr |
| 0.72 | EXPE | Expedia Group | PairCorr |
| 0.88 | FLUT | Flutter Entertainment plc | PairCorr |
| 0.88 | BYD | Boyd Gaming | PairCorr |
| 0.66 | CCL | Carnival Aggressive Push | PairCorr |
| 0.89 | CHH | Choice Hotels Intern | PairCorr |
| 0.83 | CSV | Carriage Services | PairCorr |
| 0.66 | CUK | Carnival Plc ADS | PairCorr |
| 0.81 | CZR | Caesars Entertainment | PairCorr |
| 0.7 | FAT | FAT Brands | PairCorr |
| 0.86 | FWRG | First Watch Restaurant | PairCorr |
| 0.74 | XPOF | Xponential Fitness | PairCorr |
| 0.81 | RCL | Royal Caribbean Cruises Sell-off Trend | PairCorr |
Moving against Hilton Stock
Related Correlations Analysis
| 0.64 | 0.69 | 0.83 | 0.88 | -0.84 | H | ||
| 0.64 | 0.9 | 0.87 | 0.88 | -0.32 | WH | ||
| 0.69 | 0.9 | 0.89 | 0.89 | -0.41 | CHH | ||
| 0.83 | 0.87 | 0.89 | 0.95 | -0.55 | IHG | ||
| 0.88 | 0.88 | 0.89 | 0.95 | -0.58 | MAR | ||
| -0.84 | -0.32 | -0.41 | -0.55 | -0.58 | HTHT | ||
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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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| H | 1.52 | (0.33) | 0.00 | (0.32) | 0.00 | 2.86 | 14.00 | |||
| WH | 1.21 | (0.16) | 0.00 | (0.16) | 0.00 | 2.20 | 7.32 | |||
| CHH | 1.15 | (0.13) | 0.00 | (0.26) | 0.00 | 2.03 | 11.03 | |||
| IHG | 0.96 | (0.21) | 0.00 | (0.28) | 0.00 | 1.92 | 6.84 | |||
| MAR | 1.32 | (0.24) | 0.00 | (0.21) | 0.00 | 2.29 | 9.01 | |||
| HTHT | 1.73 | 0.16 | 0.07 | 0.23 | 2.09 | 3.73 | 8.91 |