Rlj Lodging Trust Preferred Stock Market Value
| RLJ-PA Preferred Stock | USD 25.38 0.02 0.08% |
| Symbol | RLJ |
RLJ Lodging 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to RLJ Lodging's preferred stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of RLJ Lodging.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in RLJ Lodging on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding RLJ Lodging Trust or generate 0.0% return on investment in RLJ Lodging over 30 days. RLJ Lodging is related to or competes with Ashford Hospitality, Braemar Hotels, Braemar Hotels, and Summit Hotel. RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust that owns primarily premium-branded, h... More
RLJ Lodging Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure RLJ Lodging's preferred stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess RLJ Lodging Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6089 | |||
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 2.76 | |||
| Value At Risk | (0.98) | |||
| Potential Upside | 0.8627 |
RLJ Lodging Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RLJ Lodging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RLJ Lodging's standard deviation. In reality, there are many statistical measures that can use RLJ Lodging historical prices to predict the future RLJ Lodging's volatility.| Risk Adjusted Performance | 0.0065 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.19) | |||
| Treynor Ratio | (0.05) |
RLJ Lodging Trust Backtested Returns
At this point, RLJ Lodging is very steady. RLJ Lodging Trust maintains Sharpe Ratio (i.e., Efficiency) of 0.0028, which implies the firm had a 0.0028% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for RLJ Lodging Trust, which you can use to evaluate the volatility of the company. Please check RLJ Lodging's risk adjusted performance of 0.0065, and Semi Deviation of 0.5915 to confirm if the risk estimate we provide is consistent with the expected return of 0.0016%. The company holds a Beta of 0.0497, which implies not very significant fluctuations relative to the market. As returns on the market increase, RLJ Lodging's returns are expected to increase less than the market. However, during the bear market, the loss of holding RLJ Lodging is expected to be smaller as well. RLJ Lodging Trust currently holds a risk of 0.56%. Please check RLJ Lodging Trust total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to decide if RLJ Lodging Trust will be following its historical price patterns.
Auto-correlation | -0.62 |
Very good reverse predictability
RLJ Lodging Trust has very good reverse predictability. Overlapping area represents the amount of predictability between RLJ Lodging time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of RLJ Lodging Trust price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current RLJ Lodging price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
RLJ Lodging Trust lagged returns against current returns
Autocorrelation, which is RLJ Lodging preferred stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting RLJ Lodging's preferred stock expected returns. We can calculate the autocorrelation of RLJ Lodging returns to help us make a trade decision. For example, suppose you find that RLJ Lodging has exhibited high autocorrelation historically, and you observe that the preferred stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
RLJ Lodging regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If RLJ Lodging preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RLJ Lodging preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RLJ Lodging preferred stock over time.
Current vs Lagged Prices |
| Timeline |
RLJ Lodging Lagged Returns
When evaluating RLJ Lodging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RLJ Lodging preferred stock have on its future price. RLJ Lodging autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, RLJ Lodging autocorrelation shows the relationship between RLJ Lodging preferred stock current value and its past values and can show if there is a momentum factor associated with investing in RLJ Lodging Trust.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in RLJ Preferred Stock
RLJ Lodging financial ratios help investors to determine whether RLJ Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in RLJ with respect to the benefits of owning RLJ Lodging security.