Norwegian Cruise Correlations

NCLH Stock

USD 26.92 0.26 0.96%

The current 90-days correlation between Norwegian Cruise Line and Airbnb Inc is 0.18 (i.e., Average diversification). The correlation of Norwegian Cruise 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.

Norwegian Cruise Correlation With Market

Very weak diversification

The correlation between Norwegian Cruise Line and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Norwegian Cruise Line 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 Norwegian Cruise Line. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Norwegian Stock

0.79	SG	Sweetgreen	Pair Corr
0.91	WH	Wyndham Hotels Resorts	Pair Corr
0.95	EVRI	Everi Holdings	Pair Corr
0.92	BYD	Boyd Gaming	Pair Corr
0.93	CHH	Choice Hotels Intern	Pair Corr
0.75	CMG	Chipotle Mexican Grill Aggressive Push	Pair Corr
0.75	DPZ	Dominos Pizza	Pair Corr
0.94	EAT	Brinker International	Pair Corr
0.79	GAN	Gan	Pair Corr
0.94	HLT	Hilton Worldwide Holdings	Pair Corr
0.93	IHG	InterContinental Hotels	Pair Corr
0.64	FWRG	First Watch Restaurant	Pair Corr
0.72	LVS	Las Vegas Sands Fiscal Year End 22nd of January 2025	Pair Corr
0.86	VAC	Marriot Vacations	Pair Corr
0.74	WEN	The Wendys	Pair Corr

Moving against Norwegian Stock

0.76	EJH	E Home Household	Pair Corr
0.68	WING	Wingstop	Pair Corr
0.52	BDL	Flanigans Enterprises	Pair Corr
0.7	RRR	Red Rock Resorts	Pair Corr
0.56	GTIM	Good Times Restaurants	Pair Corr
0.49	LNW	Light Wonder	Pair Corr
0.38	BTBDW	BT Brands Warrant	Pair Corr

Related Correlations Analysis

	CCL	ABNB	EXPE	BKNG	RCL	TRIP
CCL		0.84	0.96	0.97	0.99	0.31	CCL
ABNB	0.84		0.79	0.79	0.81	0.59	ABNB
EXPE	0.96	0.79		0.97	0.98	0.24	EXPE
BKNG	0.97	0.79	0.97		0.97	0.27	BKNG
RCL	0.99	0.81	0.98	0.97		0.27	RCL
TRIP	0.31	0.59	0.24	0.27	0.27		TRIP
	CCL	ABNB	EXPE	BKNG	RCL	TRIP

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Risk-Adjusted Indicators

There is a big difference between Norwegian Stock performing well and Norwegian Cruise 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 Norwegian Cruise'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
CCL	1.71	0.47	0.36	0.41	1.02	(2.32)	4.83	(2.41)	10.20
ABNB	1.42	0.18	0.08	0.30	1.91	(1.51)	3.64	(1.99)	13.83
EXPE	1.30	0.33	0.27	0.41	0.92	(1.58)	2.69	(1.76)	7.76
BKNG	1.02	0.41	0.36	0.75	0.49	(1.32)	2.47	(1.48)	6.36
RCL	1.55	0.46	0.38	0.43	0.93	(1.97)	4.24	(2.33)	10.23
TRIP	1.87	(0.23)	0.00	(0.02)	0.00	0.00	3.08	(4.39)	16.78

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