Chatham Lodging Correlations
| CLDT-PA Preferred Stock | USD 20.71 0.18 0.86% |
The current 90-days correlation between Chatham Lodging Trust and Braemar Hotels Resorts is 0.27 (i.e., Modest diversification). The correlation of Chatham Lodging 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.
Chatham Lodging Correlation With Market
Modest diversification
The correlation between Chatham Lodging Trust and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chatham Lodging Trust and DJI in the same portfolio, assuming nothing else is changed.
Chatham |
The ability to find closely correlated positions to Chatham Lodging could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chatham Lodging when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Chatham Lodging - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Chatham Lodging Trust to buy it.
Moving together with Chatham Preferred Stock
| 0.84 | PK | Park Hotels Resorts Earnings Call This Week | PairCorr |
| 0.79 | AHT-PH | Ashford Hospitality Trust | PairCorr |
| 0.73 | AHT-PI | Ashford Hospitality Trust | PairCorr |
| 0.65 | AHT-PD | Ashford Hospitality Trust | PairCorr |
| 0.8 | AHT-PF | Ashford Hospitality Trust | PairCorr |
| 0.83 | AHT-PG | Ashford Hospitality Trust | PairCorr |
| 0.63 | AHT | Ashford Hospitality Trust | PairCorr |
| 0.69 | BHR | Braemar Hotel Resorts | PairCorr |
| 0.89 | DRH | Diamondrock Hospitality | PairCorr |
| 0.87 | HST | Host Hotels Resorts | PairCorr |
| 0.84 | PEB | Pebblebrook Hotel Trust Earnings Call This Week | PairCorr |
| 0.87 | RHP | Ryman Hospitality | PairCorr |
| 0.86 | RLJ | RLJ Lodging Trust | PairCorr |
| 0.75 | SHO | Sunstone Hotel Investors | PairCorr |
| 0.85 | SVC | Service Properties Trust | PairCorr |
| 0.87 | XHR | Xenia Hotels Resorts | PairCorr |
| 0.78 | BHR-PD | Braemar Hotels Resorts | PairCorr |
| 0.82 | DRH-PA | DiamondRock Hospitality | PairCorr |
| 0.65 | RLJ-PA | RLJ Lodging Trust | PairCorr |
| 0.82 | DX | Dynex Capital | PairCorr |
| 0.73 | FR | First Industrial Realty | PairCorr |
Moving against Chatham Preferred Stock
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Chatham Preferred Stock performing well and Chatham Lodging 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 Chatham Lodging'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BHR-PD | 1.32 | 0.08 | 0.01 | 0.27 | 1.79 | 3.41 | 11.76 | |||
| CIO-PA | 0.74 | 0.08 | (0.01) | 0.41 | 1.08 | 1.83 | 7.85 | |||
| DRH-PA | 0.37 | 0.09 | (0.08) | (2.66) | 0.45 | 0.78 | 3.20 | |||
| INN-PE | 1.06 | 0.02 | (0.07) | 0.33 | 1.32 | 2.15 | 7.09 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Chatham Lodging without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Chatham Lodging Corporate Management
| Eric Kentoff | Gen VP | Profile | |
| Jeffrey Fisher | Pres Chairman | Profile | |
| Jeremy Wegner | VP CFO | Profile | |
| Dennis CPA | Ex COO | Profile |