Xenia Hotels Correlations

XHR Stock

USD 13.43 0.37 2.83%

The current 90-days correlation between Xenia Hotels Resorts and RLJ Lodging Trust is 0.79 (i.e., Poor diversification). The correlation of Xenia 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Xenia Hotels Correlation With Market

Good diversification

The correlation between Xenia Hotels Resorts and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xenia 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 Xenia 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 Xenia Stock

0.89	PK	Park Hotels Resorts Sell-off Trend	Pair Corr
0.75	ESBA	Empire State Realty Potential Growth	Pair Corr
0.72	BDN	Brandywine Realty Trust	Pair Corr
0.68	BXP	Boston Properties	Pair Corr
0.81	DEI	Douglas Emmett	Pair Corr
0.76	KRC	Kilroy Realty Corp	Pair Corr
0.7	KRG	Kite Realty Group	Pair Corr
0.69	OLP	One Liberty Properties Earnings Call This Week	Pair Corr
0.72	OPI	Office Properties Income	Pair Corr
0.74	PDM	Piedmont Office Realty	Pair Corr
0.83	RHP	Ryman Hospitality	Pair Corr
0.62	SLG	SL Green Realty	Pair Corr
0.69	JBGS	JBG SMITH Properties	Pair Corr
0.63	CRESY	Cresud SACIF y	Pair Corr
0.63	CMCT	Creative Media Community	Pair Corr
0.62	HR	Healthcare Realty Trust	Pair Corr
0.71	KW	Kennedy Wilson Holdings	Pair Corr

Moving against Xenia Stock

0.46	AIV	Apartment Investment and	Pair Corr
0.7	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.57	DX	Dynex Capital	Pair Corr
0.56	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.56	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.49	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.44	AHT-PH	Ashford Hospitality Trust	Pair Corr

Related Correlations Analysis

	RLJ	SHO	PEB	INN	RHP	DRH	RLJ-PA	CLDT	HT
RLJ		0.73	0.94	0.74	0.63	0.96	-0.42	0.81	0.0	RLJ
SHO	0.73		0.68	0.83	0.09	0.65	-0.03	0.48	0.0	SHO
PEB	0.94	0.68		0.64	0.67	0.95	-0.35	0.84	0.0	PEB
INN	0.74	0.83	0.64		0.06	0.59	0.05	0.35	0.0	INN
RHP	0.63	0.09	0.67	0.06		0.74	-0.61	0.83	0.0	RHP
DRH	0.96	0.65	0.95	0.59	0.74		-0.53	0.89	0.0	DRH
RLJ-PA	-0.42	-0.03	-0.35	0.05	-0.61	-0.53		-0.6	0.0	RLJ-PA
CLDT	0.81	0.48	0.84	0.35	0.83	0.89	-0.6		0.0	CLDT
HT	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		HT
	RLJ	SHO	PEB	INN	RHP	DRH	RLJ-PA	CLDT	HT

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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

DRH	+ 0.96	RLJ
DRH	+ 0.95	PEB
PEB	+ 0.94	RLJ
CLDT	+ 0.89	DRH
CLDT	+ 0.84	PEB
INN	+ 0.83	SHO

High negative correlations

RLJ-PA	- 0.61	RHP
CLDT	- 0.6	RLJ-PA
RLJ-PA	- 0.53	DRH
RLJ-PA	- 0.42	RLJ
RLJ-PA	- 0.35	PEB
RLJ-PA	- 0.03	SHO

Risk-Adjusted Indicators

There is a big difference between Xenia Stock performing well and Xenia 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 Xenia 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
RLJ	1.10	(0.05)	0.00	0.13	0.00	0.00	2.01	(2.35)	10.47
SHO	1.16	0.07	0.04	0.09	1.56	(1.24)	2.54	(2.38)	15.86
PEB	1.36	(0.09)	0.00	0.99	0.00	0.00	3.93	(3.05)	13.08
INN	1.25	0.06	0.05	(0.27)	1.36	(1.45)	2.74	(2.62)	9.84
RHP	1.01	(0.19)	0.00	7.80	0.00	0.00	1.71	(2.07)	7.57
DRH	1.02	(0.08)	0.00	0.23	0.00	0.00	2.13	(2.06)	9.67
RLJ-PA	0.30	0.03	0.09	1.24	0.28	(0.35)	0.76	(0.69)	2.27
CLDT	1.09	(0.06)	0.00	(0.10)	0.00	0.00	2.30	(2.32)	9.27
HT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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