Ashford Hospitality Correlations

AHT Stock

USD 5.85 0.21 3.47%

The current 90-days correlation between Ashford Hospitality Trust and Sotherly Hotels is 0.39 (i.e., Weak 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

Very weak diversification

The correlation between Ashford Hospitality Trust and DJI is 0.41 (i.e., Very weak 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.

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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

0.78	FR	First Industrial Realty	Pair Corr
0.84	HR	Healthcare Realty Trust	Pair Corr
0.85	WY	Weyerhaeuser	Pair Corr
0.78	ELME	Elme Communities	Pair Corr
0.88	WHLR	Wheeler Real Estate Trending	Pair Corr
0.78	AHH	Armada Hflr Pr	Pair Corr
0.7	AIV	Apartment Investment and	Pair Corr
0.8	AKR	Acadia Realty Trust	Pair Corr
0.91	ARE	Alexandria Real Estate	Pair Corr
0.64	BFS	Saul Centers	Pair Corr
0.64	BHR	Braemar Hotel Resorts	Pair Corr
0.79	BNL	Broadstone Net Lease	Pair Corr
0.86	BRT	BRT Realty Trust	Pair Corr

Moving against Ashford Stock

0.49

AHR

American Healthcare REIT,

Pair Corr

Related Correlations Analysis

	SOHO	INN	DRH	RLJ	HT	HST	SVC	SHO	RHP	PEB
SOHO		0.28	0.44	0.18	0.0	0.79	0.41	0.24	0.67	0.31	SOHO
INN	0.28		0.71	0.91	0.0	0.37	0.95	0.94	0.45	0.86	INN
DRH	0.44	0.71		0.68	0.0	0.65	0.74	0.75	0.87	0.75	DRH
RLJ	0.18	0.91	0.68		0.0	0.37	0.86	0.94	0.43	0.92	RLJ
HT	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	HT
HST	0.79	0.37	0.65	0.37	0.0		0.53	0.48	0.86	0.53	HST
SVC	0.41	0.95	0.74	0.86	0.0	0.53		0.93	0.58	0.8	SVC
SHO	0.24	0.94	0.75	0.94	0.0	0.48	0.93		0.53	0.89	SHO
RHP	0.67	0.45	0.87	0.43	0.0	0.86	0.58	0.53		0.57	RHP
PEB	0.31	0.86	0.75	0.92	0.0	0.53	0.8	0.89	0.57		PEB
	SOHO	INN	DRH	RLJ	HT	HST	SVC	SHO	RHP	PEB

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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

SVC	+ 0.95	INN
SHO	+ 0.94	INN
SHO	+ 0.94	RLJ
SHO	+ 0.93	SVC
PEB	+ 0.92	RLJ
RLJ	+ 0.91	INN

High negative correlations

PEB	- 0.0	HT
RHP	- 0.0	HT
SHO	- 0.0	HT
SVC	- 0.0	HT
HST	- 0.0	HT
HT	- 0.0	RLJ

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SOHO	2.92	0.40	0.11	0.48	2.84	(4.00)	7.69	(5.80)	16.02
INN	2.55	(0.17)	0.00	(0.06)	0.00	0.00	5.81	(5.17)	22.39
DRH	1.73	(0.03)	0.00	0.17	0.00	0.00	2.97	(3.86)	18.97
RLJ	1.94	(0.28)	0.00	(0.15)	0.00	0.00	2.96	(4.22)	25.19
HT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HST	1.68	0.07	0.03	0.08	2.20	(1.85)	2.90	(2.51)	17.38
SVC	3.07	0.04	0.01	0.04	4.49	(3.59)	7.25	(6.74)	39.61
SHO	1.77	(0.15)	0.00	(0.09)	0.00	0.00	3.42	(4.17)	17.11
RHP	1.65	0.06	0.01	(0.35)	2.18	(1.87)	3.20	(3.28)	14.99
PEB	2.53	(0.13)	0.00	(0.04)	0.00	0.00	5.57	(5.81)	31.04

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