Correlation Between Pebblebrook Hotel and QLEANAIR
Can any of the company-specific risk be diversified away by investing in both Pebblebrook Hotel and QLEANAIR at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Pebblebrook Hotel and QLEANAIR into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Pebblebrook Hotel Trust and QLEANAIR AB SK 50, you can compare the effects of market volatilities on Pebblebrook Hotel and QLEANAIR and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Pebblebrook Hotel with a short position of QLEANAIR. Check out your portfolio center. Please also check ongoing floating volatility patterns of Pebblebrook Hotel and QLEANAIR.
Diversification Opportunities for Pebblebrook Hotel and QLEANAIR
-0.32 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Pebblebrook and QLEANAIR is -0.32. Overlapping area represents the amount of risk that can be diversified away by holding Pebblebrook Hotel Trust and QLEANAIR AB SK 50 in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on QLEANAIR AB SK and Pebblebrook Hotel is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Pebblebrook Hotel Trust are associated (or correlated) with QLEANAIR. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of QLEANAIR AB SK has no effect on the direction of Pebblebrook Hotel i.e., Pebblebrook Hotel and QLEANAIR go up and down completely randomly.
Pair Corralation between Pebblebrook Hotel and QLEANAIR
Assuming the 90 days trading horizon Pebblebrook Hotel Trust is expected to generate 0.65 times more return on investment than QLEANAIR. However, Pebblebrook Hotel Trust is 1.53 times less risky than QLEANAIR. It trades about 0.06 of its potential returns per unit of risk. QLEANAIR AB SK 50 is currently generating about -0.04 per unit of risk. If you would invest 924.00 in Pebblebrook Hotel Trust on October 6, 2025 and sell it today you would earn a total of 61.00 from holding Pebblebrook Hotel Trust or generate 6.6% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Pebblebrook Hotel Trust vs. QLEANAIR AB SK 50
Performance |
| Timeline |
| Pebblebrook Hotel Trust |
| QLEANAIR AB SK |
Pebblebrook Hotel and QLEANAIR Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Pebblebrook Hotel and QLEANAIR
The main advantage of trading using opposite Pebblebrook Hotel and QLEANAIR positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Pebblebrook Hotel position performs unexpectedly, QLEANAIR can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in QLEANAIR will offset losses from the drop in QLEANAIR's long position.| Pebblebrook Hotel vs. Verizon Communications | Pebblebrook Hotel vs. ZhongAn Online P | Pebblebrook Hotel vs. SBA Communications Corp | Pebblebrook Hotel vs. Lamar Advertising |
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Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
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