RLJ Lodging Correlations

RLJ Stock

USD 8.41 0.47 5.29%

The current 90-days correlation between RLJ Lodging Trust and Sunstone Hotel Investors is 0.61 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as RLJ Lodging moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RLJ Lodging Trust moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

RLJ Lodging Correlation With Market

Weak diversification

The correlation between RLJ Lodging Trust and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RLJ Lodging Trust 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 RLJ Lodging Trust. 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 RLJ Stock

0.83	DLR	Digital Realty Trust	Pair Corr
0.62	FPI	Farmland Partners	Pair Corr
0.82	IRM	Iron Mountain	Pair Corr
0.84	KRC	Kilroy Realty Corp	Pair Corr
0.67	OUT	Outfront Media Sell-off Trend	Pair Corr
0.84	PDM	Piedmont Office Realty	Pair Corr
0.88	SLG	SL Green Realty	Pair Corr
0.71	CMCT	Creative Media Community Earnings Call Shortly	Pair Corr

Moving against RLJ Stock

0.72	BNL	Broadstone Net Lease	Pair Corr
0.55	LXP	LXP Industrial Trust	Pair Corr
0.53	AMT	American Tower Corp	Pair Corr
0.78	SBAC	SBA Communications Corp	Pair Corr
0.73	GLPI	Gaming Leisure Properties	Pair Corr
0.71	NTST	Netstreit Corp	Pair Corr
0.65	RYN	Rayonier	Pair Corr
0.62	STAG	STAG Industrial	Pair Corr
0.41	GNL-PD	Global Net Lease	Pair Corr
0.76	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.74	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.71	O	Realty Income	Pair Corr
0.65	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.61	CSGP	CoStar Group	Pair Corr
0.61	FR	First Industrial Realty	Pair Corr

Related Correlations Analysis

	SHO	PEB	INN	RHP	DRH	CLDT	HT	XHR	AHT-PF	SHO-PH
SHO		0.93	0.64	0.9	0.96	0.93	0.0	0.59	-0.81	0.53	SHO
PEB	0.93		0.61	0.89	0.96	0.94	0.0	0.51	-0.74	0.44	PEB
INN	0.64	0.61		0.59	0.66	0.62	0.0	0.87	-0.49	0.38	INN
RHP	0.9	0.89	0.59		0.94	0.92	0.0	0.58	-0.72	0.41	RHP
DRH	0.96	0.96	0.66	0.94		0.97	0.0	0.6	-0.8	0.51	DRH
CLDT	0.93	0.94	0.62	0.92	0.97		0.0	0.51	-0.76	0.45	CLDT
HT	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	HT
XHR	0.59	0.51	0.87	0.58	0.6	0.51	0.0		-0.6	0.39	XHR
AHT-PF	-0.81	-0.74	-0.49	-0.72	-0.8	-0.76	0.0	-0.6		-0.69	AHT-PF
SHO-PH	0.53	0.44	0.38	0.41	0.51	0.45	0.0	0.39	-0.69		SHO-PH
	SHO	PEB	INN	RHP	DRH	CLDT	HT	XHR	AHT-PF	SHO-PH

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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

CLDT	+ 0.97	DRH
DRH	+ 0.96	SHO
DRH	+ 0.96	PEB
CLDT	+ 0.94	PEB
DRH	+ 0.94	RHP
PEB	+ 0.93	SHO

High negative correlations

AHT-PF	- 0.81	SHO
AHT-PF	- 0.8	DRH
AHT-PF	- 0.76	CLDT
AHT-PF	- 0.74	PEB
AHT-PF	- 0.72	RHP
SHO-PH	- 0.69	AHT-PF

Risk-Adjusted Indicators

There is a big difference between RLJ Stock performing well and RLJ Lodging 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 RLJ Lodging'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
SHO	1.23	(0.27)	0.00	(0.35)	0.00	0.00	2.17	(2.64)	8.41
PEB	1.67	(0.36)	0.00	(0.36)	0.00	0.00	2.40	(3.90)	10.19
INN	1.50	(0.19)	0.00	(0.25)	0.00	0.00	2.72	(3.52)	8.37
RHP	1.17	(0.10)	0.00	(0.18)	0.00	0.00	2.22	(2.39)	7.57
DRH	1.16	(0.15)	0.00	(0.22)	0.00	0.00	2.20	(2.46)	9.19
CLDT	1.18	(0.28)	0.00	(0.41)	0.00	0.00	1.98	(2.75)	7.81
HT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
XHR	1.28	(0.29)	0.00	(0.43)	0.00	0.00	1.99	(3.62)	8.37
AHT-PF	1.68	0.34	0.20	(0.97)	1.44	(2.34)	3.80	(3.02)	13.58
SHO-PH	0.74	(0.04)	0.00	(0.27)	0.00	0.00	1.49	(1.46)	4.30

RLJ Lodging Corporate Management

Evan Bayh	Independent Trustee	Profile
Robin Zeigler	Independent Trustee	Profile
Patricia Gibson	Independent Trustees	Profile
Anita Wells	Senior Administration	Profile
Robert McCarthy	Independent Trustee	Profile

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