InterContinental Correlations
| ICHGF Stock | USD 121.25 3.75 3.00% |
The current 90-days correlation between InterContinental Hotels and Hyatt Hotels is 0.14 (i.e., Average diversification). The correlation of InterContinental 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.
InterContinental Correlation With Market
Significant diversification
The correlation between InterContinental Hotels Group and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding InterContinental Hotels Group and DJI in the same portfolio, assuming nothing else is changed.
InterContinental |
The ability to find closely correlated positions to InterContinental could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace InterContinental 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 InterContinental - 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 InterContinental Hotels Group to buy it.
Moving together with InterContinental Pink Sheet
| 0.82 | ACCYY | Accor SA | PairCorr |
| 0.77 | ACRFF | Accor SA | PairCorr |
| 0.75 | WH | Wyndham Hotels Resorts | PairCorr |
| 0.61 | JPM | JPMorgan Chase | PairCorr |
Moving against InterContinental Pink Sheet
| 0.82 | WTBCF | Whitbread plc | PairCorr |
| 0.66 | SKM | SK Telecom | PairCorr |
| 0.57 | WTBDY | Whitbread PLC ADR | PairCorr |
| 0.52 | KSPI | Joint Stock | PairCorr |
| 0.33 | CTDD | Qwest Corp 6 | PairCorr |
| 0.72 | DIS | Walt Disney | PairCorr |
| 0.71 | HPQ | HP Inc | PairCorr |
| 0.7 | TRV | The Travelers Companies | PairCorr |
| 0.67 | MRK | Merck Company Aggressive Push | PairCorr |
| 0.61 | CAT | Caterpillar | PairCorr |
| 0.56 | PG | Procter Gamble | PairCorr |
| 0.44 | DD | Dupont De Nemours | PairCorr |
| 0.31 | CVX | Chevron Corp | PairCorr |
Related Correlations Analysis
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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 InterContinental Pink Sheet performing well and InterContinental 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 InterContinental'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 | 1.33 | (0.13) | 0.00 | (0.30) | 0.00 | 2.53 | 14.00 | |||
| CHH | 0.96 | (0.06) | 0.00 | (0.72) | 0.00 | 2.06 | 6.94 | |||
| HLT | 0.94 | 0.09 | 0.08 | 0.15 | 1.20 | 1.58 | 7.91 | |||
| WH | 0.84 | 0.18 | 0.15 | 1.30 | 1.09 | 1.89 | 8.02 | |||
| HTHT | 2.04 | 0.03 | 0.02 | 0.14 | 2.70 | 3.73 | 18.83 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in InterContinental 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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InterContinental Corporate Management
| Michael Torres | Chief Communications Officer and VP of Corporate Communications of Americas Region | Profile | |
| Keith Barr | Chief Commercial Officer | Profile | |
| Wayne Hoare | Chief Officer | Profile | |
| Daniel Blanchard | Chief Officer | Profile | |
| Chris Moloney | Chief Asia | Profile |