Choice Hotels Correlations

Stocks . USA . 
Stock . Choice Hotels International
CHH Stock  USD 145.13  1.32  0.90%   
The current 90-days correlation between Choice Hotels Intern and TripAdvisor is 0.34 (i.e., Weak diversification). The correlation of Choice Hotels 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.

Choice Hotels Correlation With Market

Very weak diversification

The correlation between Choice Hotels International and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Choice Hotels International 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 Choice Hotels International. 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 Choice Stock

  0.78BH Biglari HoldingsPairCorr
  0.65SG SweetgreenPairCorr
  0.93WH Wyndham Hotels ResortsPairCorr
  0.92EVRI Everi HoldingsPairCorr
  0.93BYD Boyd GamingPairCorr
  0.65CMG Chipotle Mexican GrillPairCorr
  0.63DIN Dine Brands GlobalPairCorr
  0.83DPZ Dominos PizzaPairCorr
  0.96EAT Brinker InternationalPairCorr
  0.93HLT Hilton Worldwide HoldingsPairCorr
  0.91IHG InterContinental HotelsPairCorr
  0.82FWRG First Watch RestaurantPairCorr
  0.93MAR Marriott InternationalPairCorr
  0.75XPOF Xponential FitnessPairCorr
  0.7BTCTW BTC DigitalPairCorr
  0.84KRUS Kura Sushi USAPairCorr
  0.83LIND Lindblad ExpeditionsPairCorr
  0.72NATH Nathans FamousPairCorr

Moving against Choice Stock

  0.84EJH E Home HouseholdPairCorr
  0.81WING WingstopPairCorr
  0.73BDL Flanigans EnterprisesPairCorr
  0.34DNUT Krispy KremePairCorr
  0.72IGT International GamePairCorr
  0.63GTIM Good Times RestaurantsPairCorr
  0.49BTBDW BT Brands WarrantPairCorr
  0.39MCD McDonalds Fiscal Year End 3rd of February 2025 PairCorr
  0.95REBN Reborn CoffeePairCorr
  0.85NDLS Noodles CompanyPairCorr
  0.75LOCO El Pollo LocoPairCorr
  0.68PTLO Portillos Downward RallyPairCorr
  0.41SBET Sharplink GamingPairCorr

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   
ISPOW
+ 0.61
MOND
TRIP
+ 0.23
TOUR
TRIP
+ 0.15
MOND
  
High negative correlations   
ISPOW
- 0.35
TOUR
TOUR
- 0.21
MOND
ISPOW
- 0.1
TRIP

Risk-Adjusted Indicators

There is a big difference between Choice Stock performing well and Choice Hotels 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 Choice Hotels' 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.

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