Pebblebrook Hotel Correlations

PD0 Stock

EUR 9.60 0.10 1.05%

The correlation of Pebblebrook Hotel 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.

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

Moving together with Pebblebrook Stock

0.65	HMT	Host Hotels Resorts	Pair Corr
0.81	4RH	Ryman Hospitality	Pair Corr
0.9	HIP	Park Hotels Resorts	Pair Corr
0.7	UF2	Sunstone Hotel Investors	Pair Corr
0.68	0XHR	Xenia Hotels Resorts	Pair Corr
0.72	SDP	Summit Hotel Properties	Pair Corr
0.74	BYRA	BANK RAKYAT IND	Pair Corr
0.61	BYRA	PT Bank Rakyat	Pair Corr
0.72	BYRA	BANK RAKYAT IND	Pair Corr
0.8	PQ9	PT Bank Mandiri	Pair Corr
0.86	PQ9	BANK MANDIRI	Pair Corr
0.76	DBPD	Xtrackers ShortDAX	Pair Corr

Moving against Pebblebrook Stock

0.88	BSN	Danone SA	Pair Corr
0.87	5TP	BLUE LABEL	Pair Corr
0.86	TKA	thyssenkrupp AG	Pair Corr
0.82	3RE	Rejlerkoncernen AB	Pair Corr
0.8	JYS1	JYSKE BANK	Pair Corr
0.79	T62	TOHO ZINC LTD	Pair Corr
0.76	DBPE	Xtrackers LevDAX	Pair Corr
0.62	TLLB	Trelleborg AB	Pair Corr
0.58	KEI	KEISEI EL RAILWAY Split	Pair Corr
0.57	E908	Lyxor 1	Pair Corr
0.55	ROM	Rohm Co	Pair Corr
0.41	HUKI	HUHTAMAKI	Pair Corr
0.4	MRG	Outcrop Silver Gold	Pair Corr

Related Correlations Analysis

	KWO	MUJ	TP3	AS7	DSG	VMC	HYEA	CUW
KWO		-0.2	-0.09	-0.3	0.13	0.17	0.15	0.07	KWO
MUJ	-0.2		0.34	0.68	-0.52	-0.53	-0.55	-0.66	MUJ
TP3	-0.09	0.34		0.01	-0.15	-0.04	-0.15	-0.34	TP3
AS7	-0.3	0.68	0.01		-0.59	-0.71	-0.66	-0.48	AS7
DSG	0.13	-0.52	-0.15	-0.59		0.87	0.87	0.64	DSG
VMC	0.17	-0.53	-0.04	-0.71	0.87		0.91	0.57	VMC
HYEA	0.15	-0.55	-0.15	-0.66	0.87	0.91		0.73	HYEA
CUW	0.07	-0.66	-0.34	-0.48	0.64	0.57	0.73		CUW
	KWO	MUJ	TP3	AS7	DSG	VMC	HYEA	CUW

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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

HYEA	+ 0.91	VMC
VMC	+ 0.87	DSG
HYEA	+ 0.87	DSG
CUW	+ 0.73	HYEA
AS7	+ 0.68	MUJ
CUW	+ 0.64	DSG

High negative correlations

VMC	- 0.71	AS7
HYEA	- 0.66	AS7
CUW	- 0.66	MUJ
DSG	- 0.59	AS7
HYEA	- 0.55	MUJ
VMC	- 0.53	MUJ

Risk-Adjusted Indicators

There is a big difference between Pebblebrook Stock performing well and Pebblebrook Hotel 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 Pebblebrook Hotel'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
KWO	1.03	0.01	0.00	0.07	1.42	(2.14)	2.15	(2.11)	18.52
MUJ	1.11	0.19	0.11	(9.13)	1.21	(1.50)	2.05	(2.00)	11.70
TP3	0.90	0.11	0.08	1.38	0.96	(1.47)	2.46	(1.98)	10.54
AS7	1.82	0.07	0.03	3.88	2.06	(2.02)	3.97	(3.43)	10.91
DSG	1.93	(0.22)	0.00	79.84	0.00	0.00	3.22	(3.78)	15.62
VMC	1.24	(0.27)	0.00	(0.67)	0.00	0.00	1.65	(3.39)	9.60
HYEA	1.65	(0.30)	0.00	2.77	0.00	0.00	2.91	(4.19)	15.42
CUW	1.31	(0.24)	0.00	(0.62)	0.00	0.00	3.09	(2.93)	12.72

Be your own money manager

Our tools can tell you how much better you can do entering a position in Pebblebrook Hotel 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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