Wyndham Hotels Correlations
| WH Stock | USD 91.98 0.00 0.00% |
The current 90-days correlation between Wyndham Hotels Resorts and Hyatt Hotels is 0.64 (i.e., Poor 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
Very weak diversification
The correlation between Wyndham Hotels Resorts and DJI is 0.48 (i.e., Very weak 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.
Wyndham |
Moving together with Wyndham Stock
| 0.61 | H | Hyatt Hotels | PairCorr |
| 0.74 | DKNG | DraftKings | PairCorr |
| 0.68 | EXPE | Expedia Group | PairCorr |
| 0.92 | FLUT | Flutter Entertainment plc | PairCorr |
| 0.94 | BYD | Boyd Gaming | PairCorr |
| 0.72 | CCL | Carnival Earnings Call Tomorrow | PairCorr |
| 0.9 | CHH | Choice Hotels Intern | PairCorr |
| 0.82 | CSV | Carriage Services | PairCorr |
| 0.73 | CUK | Carnival Plc ADS | PairCorr |
| 0.87 | CZR | Caesars Entertainment | PairCorr |
| 0.89 | FWRG | First Watch Restaurant | PairCorr |
| 0.81 | XPOF | Xponential Fitness | PairCorr |
| 0.8 | RCL | Royal Caribbean Cruises | PairCorr |
Moving against Wyndham Stock
Related Correlations Analysis
| 0.8 | 0.83 | 0.94 | 0.88 | -0.52 | IHG | ||
| 0.8 | 0.52 | 0.87 | 0.66 | -0.83 | H | ||
| 0.83 | 0.52 | 0.83 | 0.88 | -0.11 | HLT | ||
| 0.94 | 0.87 | 0.83 | 0.88 | -0.55 | MAR | ||
| 0.88 | 0.66 | 0.88 | 0.88 | -0.37 | CHH | ||
| -0.52 | -0.83 | -0.11 | -0.55 | -0.37 | HTHT | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IHG | 0.94 | (0.18) | 0.00 | (0.37) | 0.00 | 1.92 | 6.84 | |||
| H | 1.49 | (0.33) | 0.00 | (0.43) | 0.00 | 2.86 | 14.00 | |||
| HLT | 1.18 | (0.08) | 0.00 | (0.15) | 0.00 | 2.30 | 8.20 | |||
| MAR | 1.28 | (0.22) | 0.00 | (0.30) | 0.00 | 2.06 | 9.01 | |||
| CHH | 1.14 | (0.15) | 0.00 | (0.44) | 0.00 | 2.03 | 11.03 | |||
| HTHT | 1.78 | 0.24 | 0.13 | 0.44 | 2.00 | 3.73 | 8.91 |