Marriot Vacations Correlations

VAC Stock

USD 66.21 0.86 1.28%

The current 90-days correlation between Marriot Vacations and Vail Resorts is 0.19 (i.e., Average diversification). The correlation of Marriot Vacations 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.

Marriot Vacations Correlation With Market

Very weak diversification

The correlation between Marriot Vacations Worldwide and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Marriot Vacations Worldwide and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Marriot Vacations Worldwide. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Marriot Stock

0.88	H	Hyatt Hotels	Pair Corr
0.68	BH	Biglari Holdings	Pair Corr
0.61	SG	Sweetgreen	Pair Corr
0.75	WH	Wyndham Hotels Resorts	Pair Corr
0.73	WW	WW International	Pair Corr
0.71	DNUT	Krispy Kreme	Pair Corr
0.66	WING	Wingstop	Pair Corr
0.68	FLUT	Flutter Entertainment plc	Pair Corr
0.76	BYD	Boyd Gaming	Pair Corr
0.87	CCL	Carnival	Pair Corr
0.73	CHH	Choice Hotels Intern	Pair Corr
0.87	CUK	Carnival Plc ADS	Pair Corr
0.85	CZR	Caesars Entertainment	Pair Corr
0.7	FWRG	First Watch Restaurant	Pair Corr
0.73	XPOF	Xponential Fitness	Pair Corr
0.66	RCL	Royal Caribbean Cruises	Pair Corr
0.87	RGS	Regis Common	Pair Corr

Moving against Marriot Stock

0.46	AGS	PlayAGS	Pair Corr
0.34	EM	Smart Share Global	Pair Corr
0.67	QSR	Restaurant Brands	Pair Corr
0.56	EJH	E Home Household Buyout Trend	Pair Corr
0.47	LNW	Light Wonder	Pair Corr
0.45	MCD	McDonalds	Pair Corr
0.38	BTBDW	BT Brands Warrant	Pair Corr
0.34	LTH	Life Time Group	Pair Corr

Related Correlations Analysis

	BVH	MTN	MCRI	MSC	HGV	RRR	PLYA	GDEN	CNTY	BALY
BVH		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	BVH
MTN	0.0		-0.67	0.85	-0.1	-0.32	-0.83	0.36	0.45	0.49	MTN
MCRI	0.0	-0.67		-0.67	0.61	0.81	0.6	0.27	0.17	-0.45	MCRI
MSC	0.0	0.85	-0.67		-0.14	-0.26	-0.76	0.3	0.4	0.47	MSC
HGV	0.0	-0.1	0.61	-0.14		0.84	-0.03	0.8	0.62	-0.34	HGV
RRR	0.0	-0.32	0.81	-0.26	0.84		0.29	0.66	0.51	-0.4	RRR
PLYA	0.0	-0.83	0.6	-0.76	-0.03	0.29		-0.45	-0.51	-0.55	PLYA
GDEN	0.0	0.36	0.27	0.3	0.8	0.66	-0.45		0.89	0.01	GDEN
CNTY	0.0	0.45	0.17	0.4	0.62	0.51	-0.51	0.89		0.02	CNTY
BALY	0.0	0.49	-0.45	0.47	-0.34	-0.4	-0.55	0.01	0.02		BALY
	BVH	MTN	MCRI	MSC	HGV	RRR	PLYA	GDEN	CNTY	BALY

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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

CNTY	+ 0.89	GDEN
MSC	+ 0.85	MTN
RRR	+ 0.84	HGV
RRR	+ 0.81	MCRI
GDEN	+ 0.8	HGV
GDEN	+ 0.66	RRR

High negative correlations

PLYA	- 0.83	MTN
PLYA	- 0.76	MSC
MSC	- 0.67	MCRI
MCRI	- 0.67	MTN
BALY	- 0.55	PLYA
CNTY	- 0.51	PLYA

Risk-Adjusted Indicators

There is a big difference between Marriot Stock performing well and Marriot Vacations 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 Marriot Vacations' 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
BVH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MTN	1.35	(0.25)	0.00	(0.44)	0.00	0.00	2.16	(2.77)	9.93
MCRI	1.05	0.06	0.04	0.09	1.24	(1.13)	1.58	(2.08)	11.31
MSC	4.68	(0.67)	0.00	(0.41)	0.00	0.00	15.97	(8.54)	38.66
HGV	1.77	(0.04)	0.00	(0.03)	0.00	0.00	3.88	(3.46)	12.20
RRR	1.43	(0.05)	0.00	(0.04)	0.00	0.00	2.97	(3.01)	9.16
PLYA	0.61	0.13	0.15	0.85	0.67	(0.78)	2.26	(1.03)	5.53
GDEN	1.48	(0.23)	0.00	(0.19)	0.00	0.00	3.22	(3.17)	7.66
CNTY	2.69	(0.74)	0.00	(0.53)	0.00	0.00	5.32	(6.01)	30.49
BALY	4.17	(0.08)	0.00	0.03	0.00	0.00	8.32	(8.78)	50.61

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