Expedia Correlations

EXPE Stock

USD 151.15 1.42 0.93%

The current 90-days correlation between Expedia Group and Airbnb Inc is 0.66 (i.e., Poor diversification). The correlation of Expedia 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.

Expedia Correlation With Market

Poor diversification

The correlation between Expedia Group and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Expedia Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Expedia Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Expedia Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Expedia Stock

0.65	H	Hyatt Hotels Earnings Call This Week	Pair Corr
0.78	BH	Biglari Holdings	Pair Corr
0.86	WH	Wyndham Hotels Resorts Earnings Call This Week	Pair Corr
0.84	DKNG	DraftKings Sell-off Trend	Pair Corr
0.63	DNUT	Krispy Kreme	Pair Corr
0.68	WYNN	Wynn Resorts Limited	Pair Corr
0.84	FLUT	Flutter Entertainment plc	Pair Corr
0.8	BYD	Boyd Gaming Earnings Call This Week	Pair Corr
0.79	CHH	Choice Hotels Intern	Pair Corr
0.7	CSV	Carriage Services	Pair Corr
0.65	CUK	Carnival Plc ADS	Pair Corr
0.76	CZR	Caesars Entertainment	Pair Corr
0.75	FAT	FAT Brands	Pair Corr
0.79	FUN	Six Flags Entertainment	Pair Corr
0.78	GHG	GreenTree Hospitality	Pair Corr
0.88	HLT	Hilton Worldwide Holdings Earnings Call This Week	Pair Corr
0.78	IGT	International Game	Pair Corr
0.72	IHG	InterContinental Hotels	Pair Corr
0.64	FWRG	First Watch Restaurant	Pair Corr
0.68	OSW	OneSpaWorld Holdings	Pair Corr
0.68	XPOF	Xponential Fitness	Pair Corr
0.61	RGS	Regis Common	Pair Corr

Moving against Expedia Stock

0.82	EJH	E Home Household	Pair Corr
0.52	HRB	HR Block	Pair Corr

Related Correlations Analysis

	ABNB	TRIP	RCL	NCLH	TCOM	BKNG	DESP	TNL	CCL
ABNB		0.66	0.75	0.69	0.48	0.86	0.66	0.88	0.69	ABNB
TRIP	0.66		0.92	0.92	0.88	0.62	0.5	0.84	0.93	TRIP
RCL	0.75	0.92		0.95	0.75	0.72	0.56	0.91	0.97	RCL
NCLH	0.69	0.92	0.95		0.78	0.67	0.52	0.88	0.99	NCLH
TCOM	0.48	0.88	0.75	0.78		0.37	0.38	0.66	0.79	TCOM
BKNG	0.86	0.62	0.72	0.67	0.37		0.45	0.79	0.68	BKNG
DESP	0.66	0.5	0.56	0.52	0.38	0.45		0.63	0.54	DESP
TNL	0.88	0.84	0.91	0.88	0.66	0.79	0.63		0.88	TNL
CCL	0.69	0.93	0.97	0.99	0.79	0.68	0.54	0.88		CCL
	ABNB	TRIP	RCL	NCLH	TCOM	BKNG	DESP	TNL	CCL

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Risk-Adjusted Indicators

There is a big difference between Expedia Stock performing well and Expedia 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 Expedia'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
ABNB	2.25	0.05	(0.09)	3.86	(5.95)	21.64
TRIP	2.62	(0.02)	(0.13)	4.41	(8.42)	27.46
RCL	2.60	0.04	(0.10)	4.60	(7.31)	24.39
NCLH	2.79	(0.37)	(0.31)	4.04	(6.11)	27.58
TCOM	2.34	(0.09)	(0.22)	4.94	(4.19)	16.68
BKNG	1.66	0.09	(0.04)	2.69	(4.50)	13.49
DESP	0.25	0.00	(0.10)	0.53	(0.42)	3.81
TNL	1.96	(0.09)	(0.18)	3.35	(4.83)	19.31
CCL	2.70	(0.14)	(0.19)	4.62	(6.58)	27.75

Expedia Corporate Management

Michael Gulmann	SVP Product	Profile
Lance Soliday	Chief Accounting Officer, Controller and VP	Profile
Scott Schenkel	Chief Officer	Profile
Archana Singh	Chief Officer	Profile

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