Ryman Hospitality Correlations

RHP Stock

USD 94.23 0.47 0.50%

The current 90-days correlation between Ryman Hospitality and RLJ Lodging Trust is -0.17 (i.e., Good diversification). The correlation of Ryman Hospitality 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Ryman Hospitality Correlation With Market

Very weak diversification

The correlation between Ryman Hospitality Properties and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ryman Hospitality Properties 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 Ryman Hospitality Properties. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Ryman Stock

0.67	UE	Urban Edge Properties	Pair Corr
0.76	EQIX	Equinix	Pair Corr
0.79	ESBA	Empire State Realty	Pair Corr
0.81	FISK	Empire State Realty	Pair Corr
0.67	AKR	Acadia Realty Trust	Pair Corr
0.87	BDN	Brandywine Realty Trust	Pair Corr
0.77	BXP	Boston Properties	Pair Corr
0.78	DEI	Douglas Emmett	Pair Corr
0.79	DLR	Digital Realty Trust	Pair Corr
0.74	EQC	Equity Commonwealth	Pair Corr
0.83	INN	Summit Hotel Properties	Pair Corr
0.83	IRM	Iron Mountain	Pair Corr
0.79	KRC	Kilroy Realty Corp	Pair Corr
0.69	KRG	Kite Realty Group	Pair Corr
0.66	LPA	Logistic Properties	Pair Corr
0.81	PDM	Piedmont Office Realty	Pair Corr
0.79	SLG	SL Green Realty	Pair Corr
0.83	PGRE	Paramount Group	Pair Corr
0.77	CRESY	Cresud SACIF y	Pair Corr

Moving against Ryman Stock

0.85	AMT	American Tower Corp	Pair Corr
0.81	BNL	Broadstone Net Lease	Pair Corr
0.81	MPW	Medical Properties Trust Aggressive Push	Pair Corr
0.76	CCI	Crown Castle	Pair Corr
0.82	SBAC	SBA Communications Corp	Pair Corr
0.8	DX	Dynex Capital	Pair Corr
0.75	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.73	NTST	Netstreit Corp	Pair Corr
0.73	O	Realty Income	Pair Corr
0.72	GLPI	Gaming Leisure Properties	Pair Corr
0.71	PSTL	Postal Realty Trust	Pair Corr
0.71	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.7	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.68	AHT-PH	Ashford Hospitality Trust	Pair Corr

Related Correlations Analysis

	RLJ	PEB	XHR	SHO	INN
RLJ		0.96	0.91	0.91	0.94	RLJ
PEB	0.96		0.92	0.92	0.91	PEB
XHR	0.91	0.92		0.96	0.86	XHR
SHO	0.91	0.92	0.96		0.85	SHO
INN	0.94	0.91	0.86	0.85		INN
	RLJ	PEB	XHR	SHO	INN

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Risk-Adjusted Indicators

There is a big difference between Ryman Stock performing well and Ryman Hospitality 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 Ryman Hospitality'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
RLJ	1.37	(0.33)	0.67	2.82	(3.35)	8.31
PEB	1.69	(0.48)	0.92	2.40	(4.87)	10.19
XHR	1.23	(0.28)	(0.30)	1.99	(3.05)	8.37
SHO	1.16	(0.31)	(0.29)	2.17	(2.64)	8.41
INN	1.48	(0.28)	0.82	2.72	(3.52)	8.37

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