Booking Holdings Correlations

BKNG Stock

USD 5,615 53.69 0.97%

The current 90-days correlation between Booking Holdings and Airbnb Inc is 0.81 (i.e., Very poor diversification). The correlation of Booking Holdings 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.

Booking Holdings Correlation With Market

Very poor diversification

The correlation between Booking Holdings and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Booking Holdings and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Booking Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Booking Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more detail on how to invest in Booking Stock please use our How to Invest in Booking Holdings guide.

Moving together with Booking Stock

0.93	BH	Biglari Holdings	Pair Corr
0.89	WING	Wingstop	Pair Corr
0.94	EVRI	Everi Holdings	Pair Corr
0.61	WYNN	Wynn Resorts Limited	Pair Corr
0.8	AGS	PlayAGS	Pair Corr
0.85	BYD	Boyd Gaming	Pair Corr
0.8	CCL	Carnival Aggressive Push	Pair Corr
0.94	CSV	Carriage Services	Pair Corr
0.8	CUK	Carnival Plc ADS	Pair Corr
0.63	DPZ	Dominos Pizza Common	Pair Corr

Moving against Booking Stock

0.81	SG	Sweetgreen Earnings Call This Week	Pair Corr
0.76	DNUT	Krispy Kreme	Pair Corr
0.39	CDROW	Codere Online Luxembourg	Pair Corr
0.88	EJH	E Home Household	Pair Corr
0.75	WEN	The Wendys	Pair Corr
0.47	BTBDW	BT Brands Warrant	Pair Corr
0.41	FWRG	First Watch Restaurant	Pair Corr
0.39	FLL	Full House Resorts	Pair Corr

Related Correlations Analysis

	TRIP	ABNB	RCL	NCLH	CCL	EXPE	TCOM	DESP	TNL
TRIP		0.8	0.68	0.7	0.79	0.75	0.92	0.33	0.84	TRIP
ABNB	0.8		0.83	0.62	0.87	0.84	0.77	0.3	0.94	ABNB
RCL	0.68	0.83		0.25	0.94	0.55	0.6	0.41	0.73	RCL
NCLH	0.7	0.62	0.25		0.45	0.77	0.74	0.3	0.7	NCLH
CCL	0.79	0.87	0.94	0.45		0.67	0.73	0.54	0.82	CCL
EXPE	0.75	0.84	0.55	0.77	0.67		0.75	0.23	0.87	EXPE
TCOM	0.92	0.77	0.6	0.74	0.73	0.75		0.29	0.85	TCOM
DESP	0.33	0.3	0.41	0.3	0.54	0.23	0.29		0.36	DESP
TNL	0.84	0.94	0.73	0.7	0.82	0.87	0.85	0.36		TNL
	TRIP	ABNB	RCL	NCLH	CCL	EXPE	TCOM	DESP	TNL

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Risk-Adjusted Indicators

There is a big difference between Booking Stock performing well and Booking Holdings 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 Booking Holdings' 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
TRIP	2.70	0.13	0.03	0.06	4.05	(2.61)	4.41	(7.32)	27.46
ABNB	2.11	0.03	0.01	0.01	3.17	(1.96)	2.96	(5.67)	20.90
RCL	2.35	0.35	0.09	0.18	3.40	(2.36)	5.36	(6.82)	24.39
NCLH	2.73	(0.05)	0.00	(0.57)	0.00	0.00	5.16	(6.58)	27.58
CCL	2.61	0.21	0.05	0.10	3.96	(2.66)	5.05	(6.58)	27.75
EXPE	2.28	(0.05)	0.00	(0.03)	0.00	0.00	4.27	(7.28)	25.86
TCOM	1.89	(0.05)	0.00	(0.05)	0.00	0.00	3.69	(3.84)	16.68
DESP	0.26	0.01	0.03	(0.29)	0.57	(0.31)	0.84	(0.42)	3.71
TNL	2.05	(0.08)	0.00	(0.05)	0.00	0.00	4.46	(4.83)	19.31

Booking Holdings Corporate Management

Susana CPA	Chief VP	Profile
Pepijn Rijvers	Chief BookingCom	Profile
Anthony Cali	VP	Profile
Paulo Pisano	Chief Officer	Profile
Daniel Hafner	Chief KAYAK	Profile

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