Correlation Between Xenia Hotels and T Mobile
Can any of the company-specific risk be diversified away by investing in both Xenia Hotels and T Mobile 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 Xenia Hotels and T Mobile into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Xenia Hotels Resorts and T Mobile US, 5500, you can compare the effects of market volatilities on Xenia Hotels and T Mobile 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 Xenia Hotels with a short position of T Mobile. Check out your portfolio center. Please also check ongoing floating volatility patterns of Xenia Hotels and T Mobile.
Diversification Opportunities for Xenia Hotels and T Mobile
-0.18 | Correlation Coefficient |
Good diversification
The 3 months correlation between Xenia and TMUSZ is -0.18. Overlapping area represents the amount of risk that can be diversified away by holding Xenia Hotels Resorts and T Mobile US, 5500 in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on T Mobile US, and Xenia Hotels 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 Xenia Hotels Resorts are associated (or correlated) with T Mobile. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of T Mobile US, has no effect on the direction of Xenia Hotels i.e., Xenia Hotels and T Mobile go up and down completely randomly.
Pair Corralation between Xenia Hotels and T Mobile
Considering the 90-day investment horizon Xenia Hotels Resorts is expected to generate 2.03 times more return on investment than T Mobile. However, Xenia Hotels is 2.03 times more volatile than T Mobile US, 5500. It trades about -0.01 of its potential returns per unit of risk. T Mobile US, 5500 is currently generating about -0.05 per unit of risk. If you would invest 1,382 in Xenia Hotels Resorts on September 10, 2025 and sell it today you would lose (6.50) from holding Xenia Hotels Resorts or give up 0.47% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 95.24% |
| Values | Daily Returns |
Xenia Hotels Resorts vs. T Mobile US, 5500
Performance |
| Timeline |
| Xenia Hotels Resorts |
| T Mobile US, |
Xenia Hotels and T Mobile Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Xenia Hotels and T Mobile
The main advantage of trading using opposite Xenia Hotels and T Mobile positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Xenia Hotels position performs unexpectedly, T Mobile 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 T Mobile will offset losses from the drop in T Mobile's long position.| Xenia Hotels vs. Pebblebrook Hotel Trust | Xenia Hotels vs. RLJ Lodging Trust | Xenia Hotels vs. American Assets Trust | Xenia Hotels vs. Alexanders |
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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 Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
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