Melco Resorts Correlations
| MLCO Stock | USD 6.34 0.03 0.48% |
The correlation of Melco Resorts 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Melco Resorts moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Melco Resorts Entertainment moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Modest diversification
The correlation between Melco Resorts Entertainment and NYA 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 Melco Resorts Entertainment and NYA in the same portfolio, assuming nothing else is changed.
Melco |
The ability to find closely correlated positions to Melco Resorts could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Melco Resorts 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 Melco Resorts - 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 Melco Resorts Entertainment to buy it.
Moving together with Melco Stock
| 0.79 | WH | Wyndham Hotels Resorts | PairCorr |
| 0.74 | BFI | Burgerfi International | PairCorr |
| 0.7 | CZR | Caesars Entertainment Financial Report 7th of May 2024 | PairCorr |
| 0.75 | FAT | FAT Brands Financial Report 13th of May 2024 | PairCorr |
Moving against Melco Stock
| 0.89 | BH | Biglari Holdings Earnings Call This Week | PairCorr |
| 0.81 | SG | Sweetgreen Buyout Trend | PairCorr |
| 0.76 | CMG | Chipotle Mexican Grill | PairCorr |
| 0.75 | WING | Wingstop Financial Report 1st of May 2024 | PairCorr |
| 0.7 | H | Hyatt Hotels Earnings Call This Week | PairCorr |
| 0.66 | XPOF | Xponential Fitness Financial Report 2nd of May 2024 | PairCorr |
| 0.52 | HLT | Hilton Worldwide Holdings | PairCorr |
| 0.46 | EAT | Brinker International Earnings Call This Week | PairCorr |
| 0.42 | RRR | Red Rock Resorts Financial Report 2nd of May 2024 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between Melco Stock performing well and Melco Resorts 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 Melco Resorts' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| YTRA | 1.98 | (0.48) | 0.00 | 2.65 | 0.00 | 3.55 | 15.29 | |||
| DESP | 2.53 | 0.34 | 0.13 | 0.24 | 2.56 | 5.72 | 21.38 | |||
| LIND | 2.42 | (0.57) | 0.00 | (0.18) | 0.00 | 5.44 | 15.33 | |||
| MMYT | 2.04 | 0.44 | 0.15 | 0.40 | 2.55 | 4.70 | 17.67 | |||
| TUIFF | 1.58 | (0.22) | 0.00 | (0.69) | 0.00 | 4.94 | 24.83 | |||
| TRIP | 1.57 | 0.38 | 0.21 | 0.87 | 1.30 | 4.01 | 18.53 | |||
| TNL | 1.21 | 0.15 | 0.06 | 0.50 | 1.44 | 2.89 | 8.63 | |||
| TOUR | 3.71 | 0.37 | 0.10 | 0.40 | 3.47 | 8.11 | 28.15 | |||
| AMADF | 1.75 | (0.16) | 0.00 | (0.28) | 0.00 | 4.45 | 11.59 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Melco Resorts 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?
Run Technical Analysis Now
Technical AnalysisCheck basic technical indicators and analysis based on most latest market data |
| All Next | Launch Module |
Melco Resorts Corporate Directors
Melco Resorts corporate directors refer to members of a Melco Resorts board of directors. The board of directors generally takes responsibility for the Melco Resorts' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Melco Resorts' board members must vote for the resolution. The Melco Resorts board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Yiu Tsui | Independent Non-Executive Director | Profile | |
| Robert Rankin | Non-Executive Director | Profile | |
| Evan Winkler | Non-Executive Director | Profile | |
| Yuk Chung | Non-Executive Director | Profile |
Already Invested in Melco Resorts Entertainment?
The danger of trading Melco Resorts Entertainment is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Melco Resorts is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Melco Resorts. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Melco Resorts Entert is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Melco Resorts Entert offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Melco Resorts' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Melco Resorts Entertainment Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Melco Resorts Entertainment Stock: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Melco Resorts Entertainment. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the Melco Resorts Entert information on this page should be used as a complementary analysis to other Melco Resorts' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Complementary Tools for Melco Stock analysis
When running Melco Resorts' price analysis, check to measure Melco Resorts' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Melco Resorts is operating at the current time. Most of Melco Resorts' value examination focuses on studying past and present price action to predict the probability of Melco Resorts' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Melco Resorts' price. Additionally, you may evaluate how the addition of Melco Resorts to your portfolios can decrease your overall portfolio volatility.
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios |
Is Melco Resorts' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Melco Resorts. If investors know Melco will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Melco Resorts listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 7.797 | Earnings Share (0.75) | Revenue Per Share 8.615 | Quarterly Revenue Growth 2.244 | Return On Assets 0.0193 |
The market value of Melco Resorts Entert is measured differently than its book value, which is the value of Melco that is recorded on the company's balance sheet. Investors also form their own opinion of Melco Resorts' value that differs from its market value or its book value, called intrinsic value, which is Melco Resorts' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Melco Resorts' market value can be influenced by many factors that don't directly affect Melco Resorts' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Melco Resorts' value and its price as these two are different measures arrived at by different means. Investors typically determine if Melco Resorts is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Melco Resorts' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.