Vail Resorts Correlations

MTN Stock

USD 163.44 0.52 0.32%

The current 90-days correlation between Vail Resorts and Marriot Vacations Worldwide is 0.21 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Vail Resorts moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vail Resorts moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Vail Resorts Correlation With Market

Modest diversification

The correlation between Vail Resorts and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vail Resorts and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Vail Resorts. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Vail Stock, please use our How to Invest in Vail Resorts guide.

Moving together with Vail Stock

0.67	H	Hyatt Hotels	Pair Corr
0.88	SG	Sweetgreen	Pair Corr
0.87	WW	WW International	Pair Corr
0.73	DNUT	Krispy Kreme	Pair Corr
0.64	WING	Wingstop	Pair Corr
0.85	CMG	Chipotle Mexican Grill	Pair Corr
0.7	DIN	Dine Brands Global	Pair Corr
0.64	FUN	Six Flags Entertainment	Pair Corr
0.61	GAN	Gan	Pair Corr

Moving against Vail Stock

0.88	AGS	PlayAGS	Pair Corr
0.86	EVRI	Everi Holdings	Pair Corr
0.84	EM	Smart Share Global	Pair Corr
0.72	DRI	Darden Restaurants	Pair Corr
0.6	DPZ	Dominos Pizza Common	Pair Corr
0.59	FAT	FAT Brands	Pair Corr
0.5	EAT	Brinker International	Pair Corr
0.41	DKNG	DraftKings	Pair Corr
0.35	BDL	Flanigans Enterprises	Pair Corr
0.87	LTH	Life Time Group	Pair Corr
0.81	FATBW	FAT Brands	Pair Corr
0.75	LNW	Light Wonder	Pair Corr
0.62	MCD	McDonalds	Pair Corr
0.57	GHG	GreenTree Hospitality Earnings Call This Week	Pair Corr
0.33	FLL	Full House Resorts	Pair Corr

Related Correlations Analysis

	VAC	BVH	MCRI	MSC	HGV	PLYA	GDEN	BALY	CNTY	MLCO
VAC		0.0	-0.21	0.72	0.45	-0.61	0.81	0.24	0.89	0.54	VAC
BVH	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	BVH
MCRI	-0.21	0.0		-0.61	0.58	0.42	0.18	-0.5	-0.08	-0.01	MCRI
MSC	0.72	0.0	-0.61		-0.15	-0.81	0.28	0.48	0.67	0.66	MSC
HGV	0.45	0.0	0.58	-0.15		0.06	0.79	-0.37	0.47	0.14	HGV
PLYA	-0.61	0.0	0.42	-0.81	0.06		-0.27	-0.4	-0.73	-0.71	PLYA
GDEN	0.81	0.0	0.18	0.28	0.79	-0.27		0.01	0.77	0.26	GDEN
BALY	0.24	0.0	-0.5	0.48	-0.37	-0.4	0.01		0.13	0.16	BALY
CNTY	0.89	0.0	-0.08	0.67	0.47	-0.73	0.77	0.13		0.65	CNTY
MLCO	0.54	0.0	-0.01	0.66	0.14	-0.71	0.26	0.16	0.65		MLCO
	VAC	BVH	MCRI	MSC	HGV	PLYA	GDEN	BALY	CNTY	MLCO

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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

CNTY	+ 0.89	VAC
GDEN	+ 0.81	VAC
GDEN	+ 0.79	HGV
CNTY	+ 0.77	GDEN
MSC	+ 0.72	VAC
CNTY	+ 0.67	MSC

High negative correlations

PLYA	- 0.81	MSC
CNTY	- 0.73	PLYA
MLCO	- 0.71	PLYA
MSC	- 0.61	MCRI
PLYA	- 0.61	VAC
BALY	- 0.5	MCRI

Risk-Adjusted Indicators

There is a big difference between Vail Stock performing well and Vail Resorts 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 Vail Resorts' 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
VAC	1.79	(0.39)	0.00	(0.39)	0.00	0.00	3.05	(4.36)	13.54
BVH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MCRI	1.14	(0.02)	0.00	(0.14)	0.00	0.00	1.58	(2.91)	11.31
MSC	4.76	(0.44)	0.00	(0.55)	0.00	0.00	15.97	(8.75)	38.66
HGV	1.66	(0.03)	0.00	(0.12)	0.00	0.00	3.42	(4.32)	12.20
PLYA	1.30	0.55	0.45	0.67	0.63	(1.73)	2.32	(1.53)	31.78
GDEN	1.42	(0.19)	0.00	(0.28)	0.00	0.00	2.88	(3.29)	7.69
BALY	3.34	(0.05)	0.04	(0.07)	5.03	(4.08)	8.32	(7.62)	50.30
CNTY	2.80	(0.86)	0.00	(1.15)	0.00	0.00	5.32	(6.40)	30.49
MLCO	2.22	(0.29)	0.00	2.07	0.00	0.00	4.55	(4.66)	13.37

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