Service Properties Correlations
| SVC Stock | USD 2.78 0.02 0.72% |
The current 90-days correlation between Service Properties Trust and Avient Corp is 0.02 (i.e., Significant diversification). The correlation of Service Properties 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.
Service Properties Correlation With Market
Weak diversification
The correlation between Service Properties Trust and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Service Properties Trust and DJI in the same portfolio, assuming nothing else is changed.
Service |
Moving together with Service Stock
| 0.65 | HPP | Hudson Pacific Properties | PairCorr |
| 0.73 | WY | Weyerhaeuser | PairCorr |
| 0.72 | MITT-PC | AG Mortgage Investment | PairCorr |
Moving against Service Stock
| 0.52 | OZ | Belpointe PREP LLC | PairCorr |
| 0.49 | CMCT | Creative Media Community | PairCorr |
| 0.35 | PK | Park Hotels Resorts | PairCorr |
| 0.34 | EQC | Equity Commonwealth | PairCorr |
| 0.57 | WHLR | Wheeler Real Estate | PairCorr |
| 0.47 | ESBA | Empire State Realty | PairCorr |
| 0.37 | ESRT | Empire State Realty | PairCorr |
| 0.35 | EXPI | eXp World Holdings | PairCorr |
| 0.34 | WETH | Wetouch Technology Common | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Service Stock performing well and Service Properties 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 Service Properties' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AVNT | 1.53 | (0.23) | 0.00 | 1.10 | 0.00 | 3.44 | 8.24 | |||
| CC | 2.28 | (0.33) | 0.00 | (0.21) | 0.00 | 4.21 | 18.10 | |||
| SXT | 1.19 | (0.05) | 0.00 | (0.06) | 0.00 | 2.33 | 11.22 | |||
| ALTO | 3.52 | (0.16) | 0.00 | (0.14) | 0.00 | 9.70 | 19.74 | |||
| ECL | 0.90 | 0.03 | 0.02 | 0.05 | 1.14 | 1.63 | 8.71 | |||
| MITN | 0.15 | 0.03 | 0.14 | 1.27 | 0.00 | 0.36 | 1.28 | |||
| PNNT | 0.79 | 0.12 | 0.08 | (0.32) | 1.30 | 1.86 | 7.49 |
Service Properties Corporate Executives
Elected by the shareholders, the Service Properties' board of directors comprises two types of representatives: Service Properties inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Service. The board's role is to monitor Service Properties' management team and ensure that shareholders' interests are well served. Service Properties' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Service Properties' outside directors are responsible for providing unbiased perspectives on the board's policies.