Wyndham Hotels Correlations

Stocks . USA . 
Stock . Wyndham Hotels Resorts
WH Stock  USD 107.14  1.69  1.55%   
The current 90-days correlation between Wyndham Hotels Resorts and Hyatt Hotels is -0.05 (i.e., Good diversification). The correlation of Wyndham Hotels 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.

Wyndham Hotels Correlation With Market

Good diversification

The correlation between Wyndham Hotels Resorts and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wyndham Hotels Resorts and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wyndham Hotels Resorts. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Wyndham Stock

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  0.72DRI Darden RestaurantsPairCorr
  0.79LTH Life Time GroupPairCorr
  0.79OSW OneSpaWorld Holdings Earnings Call TodayPairCorr
  0.74PLYA Playa Hotels ResortsPairCorr
  0.62SBUX Starbucks Aggressive PushPairCorr
  0.83BROS Dutch BrosPairCorr

Moving against Wyndham Stock

  0.83YTRA Yatra OnlinePairCorr
  0.71WEN The Wendys Sell-off TrendPairCorr
  0.59JACK Jack InPairCorr
  0.57WING WingstopPairCorr
  0.5QSR Restaurant BrandsPairCorr
  0.49CMG Chipotle Mexican GrillPairCorr
  0.4FUN Six Flags EntertainmentPairCorr
  0.79GM General MotorsPairCorr
  0.74PLAY Dave Busters EntertaPairCorr
  0.72F Ford Motor Earnings Call TodayPairCorr
  0.67BC BrunswickPairCorr
  0.64BQ Boqii Holding LimitedPairCorr
  0.63PRKS United Parks Resorts Earnings Call TodayPairCorr
  0.59SHAK Shake ShackPairCorr
  0.49SBET Sharplink GamingPairCorr
  0.31MMYT MakeMyTrip LimitedPairCorr
  0.84CAL ContinentalPairCorr
  0.69DOGZ Dogness International Earnings Call TodayPairCorr

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   
MAR
+ 0.77
IHG
CHH
+ 0.73
HLT
MAR
+ 0.71
HLT
HLT
+ 0.7
IHG
CHH
+ 0.67
MAR
CHH
+ 0.55
IHG
  
High negative correlations   
HTHT
- 0.45
H
HTHT
- 0.23
IHG
HLT
- 0.03
H

Risk-Adjusted Indicators

There is a big difference between Wyndham Stock performing well and Wyndham Hotels 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 Wyndham Hotels' 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.

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