Pebblebrook Hotel Correlations

Preferred Stocks . USA . 
Preferred Stock . Pebblebrook Hotel Trust
PEB-PG Preferred Stock   18.59  0.18  0.96%   
The current 90-days correlation between Pebblebrook Hotel Trust and Pebblebrook Hotel Trust is 0.17 (i.e., Average diversification). 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.

Pebblebrook Hotel Correlation With Market

Average diversification

The correlation between Pebblebrook Hotel Trust and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pebblebrook Hotel Trust and DJI in the same portfolio, assuming nothing else is changed.
  
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 Preferred Stock

  0.81PK Park Hotels ResortsPairCorr
  0.82DRH Diamondrock HospitalityPairCorr
  0.73HST Host Hotels ResortsPairCorr
  0.67INN Summit Hotel PropertiesPairCorr
  0.81PEB Pebblebrook Hotel TrustPairCorr
  0.79RHP Ryman HospitalityPairCorr
  0.78RLJ RLJ Lodging TrustPairCorr
  0.75SHO Sunstone Hotel InvestorsPairCorr
  0.78XHR Xenia Hotels ResortsPairCorr
  0.72INN-PE Summit Hotel PropertiesPairCorr
  0.84SHO-PI Sunstone Hotel InvestorsPairCorr
  0.66SHO-PH Sunstone Hotel InvestorsPairCorr
  0.86PEB-PH Pebblebrook Hotel TrustPairCorr
  0.94PEB-PF Pebblebrook Hotel TrustPairCorr
  0.96PEB-PE Pebblebrook Hotel TrustPairCorr
  0.65APLE Apple Hospitality REITPairCorr
  0.64SOHO Sotherly HotelsPairCorr
  0.81CLDT Chatham Lodging TrustPairCorr

Moving against Pebblebrook Preferred Stock

  0.81AHT-PD Ashford Hospitality TrustPairCorr
  0.81AHT-PG Ashford Hospitality TrustPairCorr
  0.8AHT-PF Ashford Hospitality TrustPairCorr
  0.78AHT-PI Ashford Hospitality TrustPairCorr
  0.77AHT-PH Ashford Hospitality TrustPairCorr
  0.68BHR-PD Braemar Hotels ResortsPairCorr
  0.48IHT InnSuites HospitalityPairCorr
  0.81DX Dynex CapitalPairCorr
  0.74O Realty IncomePairCorr
  0.69FR First Industrial RealtyPairCorr
  0.37RLJ-PA RLJ Lodging TrustPairCorr
  0.34DRH-PA DiamondRock HospitalityPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
INN-PE
+ 0.6
SHO-PH
INN-PE
+ 0.57
PEB-PH
SHO-PH
+ 0.43
PEB-PH
  
High negative correlations   
DRH-PA
- 0.23
PEB-PH
DRH-PA
- 0.13
SHO-PH
DRH-PA
- 0.11
INN-PE

Risk-Adjusted Indicators

There is a big difference between Pebblebrook Preferred 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.

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.

Did you try this?

Run Portfolio Rebalancing Now

   

Portfolio Rebalancing

Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
All  Next Launch Module

Pebblebrook Hotel Corporate Executives

Elected by the shareholders, the Pebblebrook Hotel's board of directors comprises two types of representatives: Pebblebrook Hotel inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Pebblebrook. The board's role is to monitor Pebblebrook Hotel's management team and ensure that shareholders' interests are well served. Pebblebrook Hotel's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Pebblebrook Hotel's outside directors are responsible for providing unbiased perspectives on the board's policies.
Raymond MartzCFO, VPProfile
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY