MARRIOTT Correlations

571903AW3

99.78 0.04 0.04%

The current 90-days correlation between MARRIOTT INTL INC and AEP TEX INC is 0.06 (i.e., Significant diversification). The correlation of MARRIOTT 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.

MARRIOTT Correlation With Market

Significant diversification

The correlation between MARRIOTT INTL INC and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MARRIOTT INTL INC and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to MARRIOTT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MARRIOTT 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 MARRIOTT - 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 MARRIOTT INTL INC to buy it.

Moving together with MARRIOTT Bond

0.77	90331HPL1	US BANK NATIONAL	Pair Corr
0.61	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr

Moving against MARRIOTT Bond

0.52	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.43	GOOGL	Alphabet Class A Aggressive Push	Pair Corr

Related Correlations Analysis

	00108WAF7	90331HPL1	DSGN	FROG	VRSN	CADE	MC	GS	REFI	GOOGL
00108WAF7		-0.01	-0.08	0.01	0.01	-0.01	0.02	0.06	0.07	0.0	00108WAF7
90331HPL1	-0.01		-0.07	0.15	-0.55	0.22	-0.07	-0.02	-0.23	-0.39	90331HPL1
DSGN	-0.08	-0.07		0.43	0.42	0.62	0.7	0.72	0.58	0.59	DSGN
FROG	0.01	0.15	0.43		0.12	0.64	0.68	0.63	0.46	0.18	FROG
VRSN	0.01	-0.55	0.42	0.12		0.01	0.4	0.37	0.68	0.76	VRSN
CADE	-0.01	0.22	0.62	0.64	0.01		0.85	0.91	0.55	0.26	CADE
MC	0.02	-0.07	0.7	0.68	0.4	0.85		0.94	0.77	0.51	MC
GS	0.06	-0.02	0.72	0.63	0.37	0.91	0.94		0.8	0.53	GS
REFI	0.07	-0.23	0.58	0.46	0.68	0.55	0.77	0.8		0.59	REFI
GOOGL	0.0	-0.39	0.59	0.18	0.76	0.26	0.51	0.53	0.59		GOOGL
	00108WAF7	90331HPL1	DSGN	FROG	VRSN	CADE	MC	GS	REFI	GOOGL

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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

GS	+ 0.94	MC
GS	+ 0.91	CADE
MC	+ 0.85	CADE
REFI	+ 0.8	GS
REFI	+ 0.77	MC
GOOGL	+ 0.76	VRSN

High negative correlations

VRSN	- 0.55	90331HPL1
GOOGL	- 0.39	90331HPL1
REFI	- 0.23	90331HPL1
DSGN	- 0.08	00108WAF7
MC	- 0.07	90331HPL1
DSGN	- 0.07	90331HPL1

Risk-Adjusted Indicators

There is a big difference between MARRIOTT Bond performing well and MARRIOTT Corporate Bond 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 MARRIOTT'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
00108WAF7	1.44	0.09	0.04	0.41	1.79	(1.74)	5.71	(2.57)	15.60
90331HPL1	0.42	(0.02)	0.00	(0.12)	0.00	0.00	1.64	(1.87)	7.29
DSGN	4.26	0.17	0.02	0.30	6.11	(4.46)	8.54	(8.80)	33.11
FROG	1.73	0.14	0.06	0.40	2.02	(1.83)	4.24	(3.72)	10.56
VRSN	1.07	0.19	0.15	2.46	0.97	(1.25)	2.84	(2.09)	6.81
CADE	1.47	0.20	0.12	0.67	1.37	(1.82)	3.37	(2.38)	19.67
MC	1.61	0.16	0.08	0.32	1.73	(1.84)	3.37	(3.04)	22.95
GS	1.17	0.25	0.18	0.69	1.06	(1.36)	2.44	(2.02)	17.35
REFI	0.58	0.04	0.03	0.21	0.74	(0.58)	1.21	(1.16)	4.26
GOOGL	1.38	0.24	0.13	(0.86)	1.46	(1.45)	3.60	(1.92)	9.18

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