Royal Caribbean Correlations

RCL Stock

USD 241.62 2.88 1.18%

The current 90-days correlation between Royal Caribbean Cruises and Carnival is 0.76 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Royal Caribbean moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Royal Caribbean Cruises moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Royal Caribbean Correlation With Market

Very weak diversification

The correlation between Royal Caribbean Cruises and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Royal Caribbean Cruises and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Royal Caribbean Cruises. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Royal Stock

0.72	BH	Biglari Holdings	Pair Corr
0.75	SG	Sweetgreen	Pair Corr
0.95	WH	Wyndham Hotels Resorts	Pair Corr
0.94	EVRI	Everi Holdings	Pair Corr
0.93	BYD	Boyd Gaming	Pair Corr
0.97	CHH	Choice Hotels Intern	Pair Corr
0.76	CMG	Chipotle Mexican Grill Aggressive Push	Pair Corr
0.64	DIN	Dine Brands Global	Pair Corr
0.79	DPZ	Dominos Pizza	Pair Corr
0.98	EAT	Brinker International	Pair Corr
0.74	GAN	Gan	Pair Corr
0.96	HLT	Hilton Worldwide Holdings	Pair Corr
0.95	IHG	InterContinental Hotels	Pair Corr
0.67	FWRG	First Watch Restaurant	Pair Corr
0.67	LVS	Las Vegas Sands Fiscal Year End 22nd of January 2025	Pair Corr
0.65	BTCTW	BTC Digital	Pair Corr
0.92	VAC	Marriot Vacations	Pair Corr
0.63	WEN	The Wendys	Pair Corr

Moving against Royal Stock

0.8	EJH	E Home Household	Pair Corr
0.7	WING	Wingstop	Pair Corr
0.57	BDL	Flanigans Enterprises	Pair Corr
0.71	RRR	Red Rock Resorts	Pair Corr
0.56	GTIM	Good Times Restaurants	Pair Corr
0.5	LNW	Light Wonder	Pair Corr
0.37	BTBDW	BT Brands Warrant	Pair Corr

Related Correlations Analysis

	CCL	ABNB	EXPE	BKNG	NCLH	TRIP
CCL		0.84	0.96	0.97	0.98	0.31	CCL
ABNB	0.84		0.79	0.79	0.88	0.59	ABNB
EXPE	0.96	0.79		0.97	0.94	0.24	EXPE
BKNG	0.97	0.79	0.97		0.96	0.27	BKNG
NCLH	0.98	0.88	0.94	0.96		0.4	NCLH
TRIP	0.31	0.59	0.24	0.27	0.4		TRIP
	CCL	ABNB	EXPE	BKNG	NCLH	TRIP

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Royal Stock performing well and Royal Caribbean 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 Royal Caribbean'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
NCLH	1.99	0.49	0.36	0.41	1.17	(2.56)	5.23	(2.27)	13.47
TRIP	1.87	(0.23)	0.00	(0.02)	0.00	0.00	3.08	(4.39)	16.78

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