Huazhu Correlations

HTHT Stock

USD 32.97 0.23 0.69%

The current 90-days correlation between Huazhu Group and InterContinental Hotels Group is 0.39 (i.e., Weak diversification). The correlation of Huazhu 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.

Huazhu Correlation With Market

Modest diversification

The correlation between Huazhu Group and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Huazhu Group and DJI in the same portfolio, assuming nothing else is changed.

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Huazhu 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 rate.

Moving against Huazhu Stock

0.68	BDL	Flanigans Enterprises	Pair Corr
0.65	FLUT	Flutter Entertainment plc	Pair Corr
0.64	BH	Biglari Holdings	Pair Corr
0.54	EAT	Brinker International	Pair Corr
0.53	DKNG	DraftKings	Pair Corr
0.52	RRR	Red Rock Resorts Earnings Call This Week	Pair Corr
0.49	CUK	Carnival Plc ADS	Pair Corr
0.48	CMG	Chipotle Mexican Grill Earnings Call This Week	Pair Corr
0.45	CSV	Carriage Services	Pair Corr
0.43	EM	Smart Share Global	Pair Corr
0.41	BYD	Boyd Gaming Earnings Call This Week	Pair Corr
0.39	DRI	Darden Restaurants	Pair Corr
0.31	H	Hyatt Hotels Earnings Call This Week	Pair Corr
0.31	WYNN	Wynn Resorts Limited	Pair Corr
0.67	PLAY	Dave Busters Enterta	Pair Corr
0.62	LOCO	El Pollo Loco	Pair Corr
0.6	CAKE	The Cheesecake Factory	Pair Corr
0.51	KRUS	Kura Sushi USA	Pair Corr
0.5	MLCO	Melco Resorts Entert	Pair Corr
0.47	DIBS	1StdibsCom	Pair Corr
0.47	AN	AutoNation	Pair Corr
0.44	MCRI	Monarch Casino Resort Earnings Call This Week	Pair Corr

Related Correlations Analysis

	GHG	SHCO	IHG	INTG	H	CHH	HLT	WH	ATAT	LUXH
GHG		0.35	0.17	-0.21	0.52	0.56	0.49	0.45	0.45	0.0	GHG
SHCO	0.35		0.55	-0.04	0.86	0.53	0.86	0.06	0.8	0.0	SHCO
IHG	0.17	0.55		-0.05	0.77	0.64	0.8	0.53	0.66	0.0	IHG
INTG	-0.21	-0.04	-0.05		-0.16	-0.07	-0.13	0.17	-0.28	0.0	INTG
H	0.52	0.86	0.77	-0.16		0.7	0.99	0.33	0.93	0.0	H
CHH	0.56	0.53	0.64	-0.07	0.7		0.74	0.73	0.62	0.0	CHH
HLT	0.49	0.86	0.8	-0.13	0.99	0.74		0.38	0.92	0.0	HLT
WH	0.45	0.06	0.53	0.17	0.33	0.73	0.38		0.17	0.0	WH
ATAT	0.45	0.8	0.66	-0.28	0.93	0.62	0.92	0.17		0.0	ATAT
LUXH	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		LUXH
	GHG	SHCO	IHG	INTG	H	CHH	HLT	WH	ATAT	LUXH

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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

HLT	+ 0.99	H
ATAT	+ 0.93	H
ATAT	+ 0.92	HLT
H	+ 0.86	SHCO
HLT	+ 0.86	SHCO
ATAT	+ 0.8	SHCO

High negative correlations

ATAT	- 0.28	INTG
INTG	- 0.21	GHG
H	- 0.16	INTG
HLT	- 0.13	INTG
CHH	- 0.07	INTG
INTG	- 0.05	IHG

Risk-Adjusted Indicators

There is a big difference between Huazhu Stock performing well and Huazhu 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 Huazhu'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
GHG	2.44	0.26	0.05	1.18	2.86	(2.91)	4.50	(3.94)	26.30
SHCO	2.06	0.34	0.17	0.42	1.78	(2.42)	5.15	(2.82)	9.78
IHG	1.17	0.14	0.10	0.29	1.07	(1.35)	2.41	(2.00)	6.49
INTG	3.76	(0.03)	0.00	0.18	0.00	0.00	15.95	(12.09)	32.36
H	1.37	0.41	0.35	0.45	0.69	(1.77)	3.63	(1.41)	10.25
CHH	1.15	0.04	0.01	0.18	1.28	(1.30)	2.49	(2.67)	6.38
HLT	1.11	0.32	0.31	0.43	0.58	(1.41)	3.11	(1.18)	6.54
WH	1.32	0.04	0.02	0.17	1.31	(1.63)	3.01	(2.54)	6.95
ATAT	1.74	0.68	0.39	1.69	1.05	(2.23)	4.81	(2.16)	13.33
LUXH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Huazhu Corporate Management

Jason Chen	Investor Director	Profile
Jihong He	Chief Officer	Profile
Hui Chen	Chief Officer	Profile
Xinxin Liu	President	Profile
Fei Ye	Deputy Market	Profile

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