Ashford Hospitality Correlations

AHT Stock  USD 9.05  0.69  8.25%   
The current 90-days correlation between Ashford Hospitality Trust and Sotherly Hotels is -0.02 (i.e., Good diversification). The correlation of Ashford 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Ashford Hospitality Correlation With Market

Good diversification

The correlation between Ashford Hospitality Trust and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ashford Hospitality Trust and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ashford Hospitality Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Ashford Stock

  0.75BRT BRT Realty TrustPairCorr
  0.63CPT Camden Property TrustPairCorr

Moving against Ashford Stock

  0.51O Realty IncomePairCorr
  0.48ESBA Empire State Realty Downward RallyPairCorr
  0.45BDN Brandywine Realty TrustPairCorr
  0.33WY Weyerhaeuser Fiscal Year End 23rd of January 2025 PairCorr
  0.63BXP Boston PropertiesPairCorr
  0.58DEA Eerly Govt PptyPairCorr
  0.51DHC Diversified HealthcarePairCorr
  0.51FPH Five Point HoldingsPairCorr
  0.44BNL Broadstone Net LeasePairCorr
  0.41CDP COPT Defense PropertiesPairCorr
  0.33EPR EPR PropertiesPairCorr

Related Correlations Analysis

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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   
RHPDRH
HSTDRH
SHODRH
SHOHST
RLJDRH
RHPHST
  
High negative correlations   
RLJSOHO
RHPSVC
SVCDRH
RHPSOHO
SVCRLJ
DRHSOHO

Risk-Adjusted Indicators

There is a big difference between Ashford Stock performing well and Ashford 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 Ashford 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SOHO  3.21 (0.48) 0.00 (0.46) 0.00 
 9.38 
 33.63 
INN  1.49 (0.08)(0.02) 0.05  1.59 
 3.45 
 10.45 
DRH  1.20  0.02  0.04  0.12  1.26 
 3.76 
 9.19 
RLJ  1.22  0.10  0.08  0.20  1.16 
 4.27 
 9.84 
HT  1.39 (0.12) 0.00 (0.27) 0.00 
 3.28 
 9.17 
HST  0.94 (0.02)(0.01) 0.08  1.25 
 2.29 
 6.68 
SVC  2.85 (0.87) 0.00 (0.40) 0.00 
 5.02 
 23.10 
SHO  1.28  0.09  0.08  0.17  1.15 
 3.75 
 7.79 
RHP  1.03  0.10  0.10  0.20  0.86 
 1.94 
 7.06 
PEB  1.67 (0.01) 0.03  0.10  1.83 
 5.07 
 10.70