Sunstone Hotel Correlations

UF2 Stock

EUR 9.10 0.15 1.68%

The current 90-days correlation between Sunstone Hotel Investors and INTERCONT HOTELS is 0.08 (i.e., Significant diversification). The correlation of Sunstone 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.

Sunstone Hotel Correlation With Market

Good diversification

The correlation between Sunstone Hotel Investors and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sunstone Hotel Investors and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Sunstone 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 Sunstone 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 Sunstone 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 Sunstone Hotel Investors to buy it.

Moving together with Sunstone Stock

0.95	HMT	Host Hotels Resorts	Pair Corr
0.91	4RH	Ryman Hospitality	Pair Corr
0.97	HIP	Park Hotels Resorts	Pair Corr
0.93	PD0	Pebblebrook Hotel Trust	Pair Corr
0.95	0XHR	Xenia Hotels Resorts	Pair Corr
0.91	SDP	Summit Hotel Properties	Pair Corr
0.84	BYRA	BANK RAKYAT IND	Pair Corr
0.64	BYRA	PT Bank Rakyat	Pair Corr
0.68	BYRA	PT Bank Rakyat	Pair Corr
0.78	BYRA	BANK RAKYAT IND	Pair Corr
0.89	PQ9	PT Bank Mandiri	Pair Corr
0.9	PQ9	BANK MANDIRI	Pair Corr
0.85	DBPD	Xtrackers ShortDAX	Pair Corr

Moving against Sunstone Stock

0.95	TKA	thyssenkrupp AG	Pair Corr
0.93	5TP	BLUE LABEL	Pair Corr
0.93	BSN	Danone SA	Pair Corr
0.91	JYS1	JYSKE BANK	Pair Corr
0.87	3RE	Rejlerkoncernen AB	Pair Corr
0.85	DBPE	Xtrackers LevDAX	Pair Corr
0.69	TLLB	Trelleborg AB	Pair Corr
0.66	E908	Lyxor 1	Pair Corr
0.61	KEI	KEISEI EL RAILWAY Split	Pair Corr
0.56	T62	TOHO ZINC LTD	Pair Corr
0.52	ROM	Rohm Co	Pair Corr
0.45	MRG	Outcrop Silver Gold	Pair Corr
0.43	HUKI	HUHTAMAKI	Pair Corr

Related Correlations Analysis

	IC1B	BXU	CZH	DHG	8PM	MEL	MEL	SDP
IC1B		0.22	0.91	-0.77	-0.35	0.6	0.61	0.86	IC1B
BXU	0.22		0.18	-0.39	-0.26	0.51	0.49	0.38	BXU
CZH	0.91	0.18		-0.77	-0.2	0.61	0.63	0.81	CZH
DHG	-0.77	-0.39	-0.77		0.55	-0.67	-0.68	-0.89	DHG
8PM	-0.35	-0.26	-0.2	0.55		-0.22	-0.22	-0.61	8PM
MEL	0.6	0.51	0.61	-0.67	-0.22		0.96	0.69	MEL
MEL	0.61	0.49	0.63	-0.68	-0.22	0.96		0.7	MEL
SDP	0.86	0.38	0.81	-0.89	-0.61	0.69	0.7		SDP
	IC1B	BXU	CZH	DHG	8PM	MEL	MEL	SDP

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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

MEL	+ 0.96	MEL
CZH	+ 0.91	IC1B
SDP	+ 0.86	IC1B
SDP	+ 0.81	CZH
SDP	+ 0.7	MEL
SDP	+ 0.69	MEL

High negative correlations

SDP	- 0.89	DHG
DHG	- 0.77	CZH
DHG	- 0.77	IC1B
MEL	- 0.68	DHG
MEL	- 0.67	DHG
SDP	- 0.61	8PM

Risk-Adjusted Indicators

There is a big difference between Sunstone Stock performing well and Sunstone 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 Sunstone 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
IC1B	1.26	(0.27)	0.00	(1.34)	0.00	0.00	2.36	(3.39)	7.23
BXU	1.11	(0.06)	0.00	(5.59)	0.00	0.00	2.44	(2.38)	9.14
CZH	1.23	(0.22)	0.00	(7.70)	0.00	0.00	2.17	(2.86)	10.57
DHG	1.62	0.31	0.20	0.92	1.21	(2.21)	4.28	(2.46)	18.43
8PM	1.03	0.14	0.09	2.91	1.10	(1.37)	2.56	(2.46)	7.10
MEL	1.26	(0.17)	0.00	(9.29)	0.00	0.00	2.84	(2.33)	9.00
MEL	1.26	(0.17)	0.00	(0.83)	0.00	0.00	2.30	(2.84)	10.08
SDP	1.63	(0.32)	0.00	3.55	0.00	0.00	2.54	(3.33)	10.70

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sunstone 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.

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Sunstone Hotel Corporate Management

Elected by the shareholders, the Sunstone Hotel's board of directors comprises two types of representatives: Sunstone Hotel inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sunstone. The board's role is to monitor Sunstone Hotel's management team and ensure that shareholders' interests are well served. Sunstone 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, Sunstone Hotel's outside directors are responsible for providing unbiased perspectives on the board's policies.

Christopher Ostapovicz	Ex COO	Profile
Robert Springer	Pres Officer	Profile
Bryan Giglia	Chief Officer	Profile
Michael Harvey	VP Management	Profile
Aaron Reyes	CFO VP	Profile
David Horowitz	VP Management	Profile
David Klein	Gen VP	Profile

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