Marriott International Correlations

MAQ Stock

EUR 266.25 2.40 0.89%

The current 90-days correlation between Marriott International and TYSON FOODS A is 0.23 (i.e., Modest diversification). The correlation of Marriott International 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.

Marriott International Correlation With Market

Significant diversification

The correlation between Marriott International and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Marriott International and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Marriott Stock

0.61	APC	Apple Inc	Pair Corr
0.62	APC	Apple Inc	Pair Corr
0.62	APC	Apple Inc	Pair Corr
0.61	APC	Apple Inc	Pair Corr
0.7	MSF	Microsoft	Pair Corr
0.69	MSF	Microsoft	Pair Corr
0.7	MSF	Microsoft	Pair Corr
0.68	MSF	Microsoft	Pair Corr
0.7	MSF	Microsoft	Pair Corr
0.74	AMZ	Amazon Inc	Pair Corr

Moving against Marriott Stock

0.7	PQ9	PT Bank Mandiri	Pair Corr
0.7	PQ9	BANK MANDIRI	Pair Corr
0.68	PQ9	BANK MANDIRI	Pair Corr
0.67	BYRA	BANK RAKYAT IND	Pair Corr
0.63	PQ9	BANK MANDIRI	Pair Corr
0.62	BYRA	PT Bank Rakyat	Pair Corr
0.59	BYRA	BANK RAKYAT IND	Pair Corr
0.47	BYRA	PT Bank Rakyat	Pair Corr
0.45	DBPD	Xtrackers ShortDAX	Pair Corr
0.39	PTI	Perusahaan Perseroan	Pair Corr
0.39	TCID	Telkom Indonesia Tbk	Pair Corr

Related Correlations Analysis

	20V	63U	AFG	OD7B	07M	D4V	TF7A
20V		0.14	-0.39	0.39	-0.12	0.33	0.83	20V
63U	0.14		0.6	-0.69	-0.6	-0.76	-0.04	63U
AFG	-0.39	0.6		-0.63	-0.31	-0.71	-0.47	AFG
OD7B	0.39	-0.69	-0.63		0.46	0.94	0.62	OD7B
07M	-0.12	-0.6	-0.31	0.46		0.37	-0.13	07M
D4V	0.33	-0.76	-0.71	0.94	0.37		0.55	D4V
TF7A	0.83	-0.04	-0.47	0.62	-0.13	0.55		TF7A
	20V	63U	AFG	OD7B	07M	D4V	TF7A

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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

D4V	+ 0.94	OD7B
TF7A	+ 0.83	20V
TF7A	+ 0.62	OD7B
AFG	+ 0.6	63U
TF7A	+ 0.55	D4V
07M	+ 0.46	OD7B

High negative correlations

D4V	- 0.76	63U
D4V	- 0.71	AFG
OD7B	- 0.69	63U
OD7B	- 0.63	AFG
07M	- 0.6	63U
TF7A	- 0.47	AFG

Risk-Adjusted Indicators

There is a big difference between Marriott Stock performing well and Marriott International 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 Marriott International'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
20V	1.15	(0.01)	0.00	(0.09)	0.00	0.00	2.88	(2.64)	9.90
63U	0.57	(0.16)	0.00	(0.38)	0.00	0.00	0.00	(4.76)	10.00
AFG	1.88	(0.14)	0.00	1.17	0.00	0.00	5.10	(3.45)	23.23
OD7B	1.99	0.51	0.21	(1.19)	1.94	(2.30)	4.90	(3.45)	14.00
07M	2.69	0.18	0.03	(0.15)	3.51	(3.87)	10.00	(9.09)	20.00
D4V	1.84	0.79	0.36	8.01	1.51	(2.34)	4.14	(2.73)	22.02
TF7A	1.00	0.11	0.08	3.27	1.02	(1.07)	2.20	(1.81)	9.02

Be your own money manager

Our tools can tell you how much better you can do entering a position in Marriott International 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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