Expedia Correlations

EXPE Stock

USD 218.85 3.20 1.48%

The current 90-days correlation between Expedia Group and Viking Holdings is 0.37 (i.e., Weak 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 0.61 (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 metropolitan statistical area.

Moving together with Expedia Stock

0.8	TCOM	Trip Group	Pair Corr
0.74	EC	Ecopetrol SA ADR Sell-off Trend	Pair Corr
0.76	PTAIY	Astra International Tbk Earnings Call This Week	Pair Corr
0.85	PTITF	PT Indosat Tbk Earnings Call This Week	Pair Corr
0.63	PDS	Precision Drilling	Pair Corr
0.7	RAPP	Rapport Therapeutics,	Pair Corr
0.66	WAY	Waystar Holding Corp	Pair Corr
0.81	FSTR	LB Foster	Pair Corr
0.75	ALLY	Ally Financial	Pair Corr
0.83	TERN	Terns Pharmaceuticals	Pair Corr
0.75	QCOM	Qualcomm Incorporated	Pair Corr
0.84	HLIO	Helios Technologies	Pair Corr
0.66	HADV	Health Advance	Pair Corr

Moving against Expedia Stock

0.71	PIFMY	Indofood Sukses Makmur	Pair Corr
0.54	ABNB	Airbnb Inc	Pair Corr
0.41	PTAIF	PT Astra International Earnings Call This Week	Pair Corr

Related Correlations Analysis

	VIK	ROL	TSCO	ULTA	WSM	PHM	QSR	LI	IHG	DRI
VIK		-0.44	0.24	0.1	0.19	0.75	-0.58	-0.25	0.48	0.16	VIK
ROL	-0.44		0.02	0.07	0.22	-0.09	0.21	0.2	0.04	0.22	ROL
TSCO	0.24	0.02		-0.58	0.44	0.29	-0.67	0.14	-0.16	0.78	TSCO
ULTA	0.1	0.07	-0.58		-0.14	0.3	0.23	-0.09	0.42	-0.54	ULTA
WSM	0.19	0.22	0.44	-0.14		0.52	-0.52	-0.07	0.08	0.39	WSM
PHM	0.75	-0.09	0.29	0.3	0.52		-0.66	-0.15	0.55	0.24	PHM
QSR	-0.58	0.21	-0.67	0.23	-0.52	-0.66		0.15	-0.24	-0.51	QSR
LI	-0.25	0.2	0.14	-0.09	-0.07	-0.15	0.15		-0.54	0.2	LI
IHG	0.48	0.04	-0.16	0.42	0.08	0.55	-0.24	-0.54		-0.1	IHG
DRI	0.16	0.22	0.78	-0.54	0.39	0.24	-0.51	0.2	-0.1		DRI
	VIK	ROL	TSCO	ULTA	WSM	PHM	QSR	LI	IHG	DRI

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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

DRI	+ 0.78	TSCO
PHM	+ 0.75	VIK
IHG	+ 0.55	PHM
PHM	+ 0.52	WSM
IHG	+ 0.48	VIK
WSM	+ 0.44	TSCO

High negative correlations

QSR	- 0.67	TSCO
QSR	- 0.66	PHM
ULTA	- 0.58	TSCO
QSR	- 0.58	VIK
IHG	- 0.54	LI
DRI	- 0.54	ULTA

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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
VIK	1.24	(0.04)	0.00	0.05	1.28	(1.44)	3.29	(2.23)	6.95
ROL	0.85	(0.08)	0.00	(0.07)	0.00	0.00	1.49	(1.66)	6.16
TSCO	0.99	(0.12)	0.00	(0.13)	0.00	0.00	1.94	(2.06)	5.81
ULTA	1.30	(0.03)	(0.03)	0.03	1.70	(1.41)	2.32	(2.12)	10.84
WSM	1.51	(0.05)	0.01	0.05	1.79	(1.51)	3.59	(3.22)	11.50
PHM	1.39	(0.03)	0.00	0.05	1.77	(1.47)	3.39	(3.16)	10.44
QSR	0.97	(0.08)	0.00	(0.09)	0.00	0.00	2.30	(2.34)	6.80
LI	1.94	(0.50)	0.00	(0.43)	0.00	0.00	3.57	(5.43)	12.52
IHG	1.21	0.04	0.02	0.12	1.25	(1.36)	2.75	(1.94)	9.80
DRI	0.85	(0.16)	0.00	(0.27)	0.00	0.00	1.18	(2.17)	9.46

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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