Diamondrock Hospitality Correlations
| DRH Stock | USD 8.64 0.25 2.81% |
The current 90-days correlation between Diamondrock Hospitality and Strategic Education is 0.22 (i.e., Modest diversification). The correlation of Diamondrock Hospitality 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.
Diamondrock Hospitality Correlation With Market
Modest diversification
The correlation between Diamondrock Hospitality and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Diamondrock Hospitality and DJI in the same portfolio, assuming nothing else is changed.
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Moving together with Diamondrock Stock
| 0.76 | HST | Host Hotels Resorts | PairCorr |
| 0.71 | RLJ | RLJ Lodging Trust | PairCorr |
| 0.66 | SOHO | Sotherly Hotels | PairCorr |
| 0.68 | TUXS | Tuxis | PairCorr |
| 0.75 | CIB | Grupo Cibest SA | PairCorr |
| 0.64 | KB | KB Financial Group | PairCorr |
| 0.78 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.62 | WOSGF | Watches of Switzerland | PairCorr |
Moving against Diamondrock Stock
| 0.66 | AHT | Ashford Hospitality Trust | PairCorr |
| 0.62 | RRR-UN | RR Real Estate | PairCorr |
| 0.48 | HOT-UN | American Hotel Income | PairCorr |
| 0.34 | IHT | InnSuites Hospitality | PairCorr |
| 0.65 | IVPAF | Ivanhoe Mines | PairCorr |
| 0.64 | ZEOWW | Zeo Energy Corp | PairCorr |
| 0.33 | CTDD | Qwest Corp 6 | PairCorr |
Related Correlations Analysis
| 0.19 | 0.67 | 0.0 | 0.0 | 0.4 | 0.69 | STRA | ||
| 0.19 | 0.33 | 0.0 | 0.0 | -0.11 | 0.03 | COE | ||
| 0.67 | 0.33 | 0.0 | 0.0 | 0.31 | 0.44 | JZ | ||
| 0.0 | 0.0 | 0.0 | 1.0 | 0.0 | 0.0 | ESINQ | ||
| 0.0 | 0.0 | 0.0 | 1.0 | 0.0 | 0.0 | KDCE | ||
| 0.4 | -0.11 | 0.31 | 0.0 | 0.0 | -0.12 | NRUC | ||
| 0.69 | 0.03 | 0.44 | 0.0 | 0.0 | -0.12 | LINC | ||
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
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Risk-Adjusted Indicators
There is a big difference between Diamondrock Stock performing well and Diamondrock Hospitality 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 Diamondrock Hospitality's 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| STRA | 1.25 | (0.09) | 0.00 | (0.02) | 0.00 | 2.39 | 10.61 | |||
| COE | 2.82 | 0.02 | 0.01 | 0.09 | 3.21 | 9.42 | 25.35 | |||
| JZ | 2.38 | (0.22) | 0.00 | (0.13) | 0.00 | 5.14 | 21.17 | |||
| ESINQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| KDCE | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NRUC | 0.35 | (0.02) | 0.00 | (0.43) | 0.00 | 0.74 | 3.29 | |||
| LINC | 2.20 | 0.14 | 0.06 | 0.16 | 2.77 | 4.00 | 20.71 |