OneSpaWorld Holdings Correlations

OSW Stock

USD 20.39 0.04 0.20%

The current 90-days correlation between OneSpaWorld Holdings and United Parks Resorts is 0.81 (i.e., Very poor diversification). The correlation of OneSpaWorld Holdings 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.

OneSpaWorld Holdings Correlation With Market

Very poor diversification

The correlation between OneSpaWorld Holdings and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding OneSpaWorld Holdings and DJI in the same portfolio, assuming nothing else is changed.

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Moving together with OneSpaWorld Stock

0.69	BH	Biglari Holdings	Pair Corr
0.64	WING	Wingstop	Pair Corr
0.91	EVRI	Everi Holdings	Pair Corr
0.87	EXPE	Expedia Group	Pair Corr
0.88	WYNN	Wynn Resorts Limited Buyout Trend	Pair Corr
0.88	FLUT	Flutter Entertainment plc	Pair Corr
0.97	BYD	Boyd Gaming	Pair Corr
0.94	CCL	Carnival Aggressive Push	Pair Corr
0.71	CMG	Chipotle Mexican Grill Aggressive Push	Pair Corr
0.81	DIN	Dine Brands Global	Pair Corr
0.82	DRI	Darden Restaurants	Pair Corr
0.65	EAT	Brinker International	Pair Corr
0.67	QSR	Restaurant Brands	Pair Corr
0.68	KRUS	Kura Sushi USA	Pair Corr
0.84	LIND	Lindblad Expeditions	Pair Corr
0.92	MLCO	Melco Resorts Entert Upward Rally	Pair Corr

Moving against OneSpaWorld Stock

0.89	EJH	E Home Household	Pair Corr
0.82	DNUT	Krispy Kreme Buyout Trend	Pair Corr
0.37	SG	Sweetgreen	Pair Corr
0.66	ZSPC	zSpace, Common stock	Pair Corr
0.6	BTBDW	BT Brands Warrant	Pair Corr
0.46	FWRG	First Watch Restaurant Buyout Trend	Pair Corr
0.37	HRB	HR Block	Pair Corr
0.32	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	PRKS	NXST	LAC	B	SVSN	XPOF	GFF	CPAC
PRKS		0.52	0.53	-0.3	0.0	0.29	0.62	0.15	PRKS
NXST	0.52		0.07	0.17	0.0	0.45	0.62	0.71	NXST
LAC	0.53	0.07		-0.54	0.0	0.43	0.19	-0.13	LAC
B	-0.3	0.17	-0.54		0.0	-0.22	0.0	0.46	B
SVSN	0.0	0.0	0.0	0.0		0.0	0.0	0.0	SVSN
XPOF	0.29	0.45	0.43	-0.22	0.0		0.28	0.37	XPOF
GFF	0.62	0.62	0.19	0.0	0.0	0.28		0.3	GFF
CPAC	0.15	0.71	-0.13	0.46	0.0	0.37	0.3		CPAC
	PRKS	NXST	LAC	B	SVSN	XPOF	GFF	CPAC

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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

CPAC	+ 0.71	NXST
GFF	+ 0.62	PRKS
GFF	+ 0.62	NXST
LAC	+ 0.53	PRKS
NXST	+ 0.52	PRKS
CPAC	+ 0.46	B

High negative correlations

B	- 0.54	LAC
B	- 0.3	PRKS
XPOF	- 0.22	B
CPAC	- 0.13	LAC
CPAC	- 0.0	SVSN
GFF	- 0.0	SVSN

Risk-Adjusted Indicators

There is a big difference between OneSpaWorld Stock performing well and OneSpaWorld Holdings 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 OneSpaWorld Holdings' 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
PRKS	2.18	(0.05)	0.00	0.05	3.28	(2.19)	3.80	(4.44)	21.69
NXST	1.79	(0.09)	(0.03)	0.00	2.82	(1.69)	3.12	(3.42)	11.88
LAC	2.48	0.01	0.00	0.06	0.00	0.00	6.54	(5.92)	27.00
B	1.93	0.10	0.02	0.35	2.60	(2.07)	3.41	(3.54)	13.64
SVSN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
XPOF	3.33	(0.25)	0.00	(0.09)	0.00	0.00	8.04	(6.44)	20.32
GFF	1.87	0.01	0.01	0.09	2.33	(1.98)	4.44	(3.65)	15.07
CPAC	1.37	0.10	0.01	(5.50)	2.08	(1.47)	3.19	(3.36)	8.75

OneSpaWorld Holdings Corporate Management

Jesus Padilla	Senior Operations	Profile
Charles Rivera	Chief Officer	Profile
Eduardo Chamia	Senior Revenue	Profile
Trent Munday	Senior Asia	Profile
Robert Schaverien	Managing Academy	Profile
Inga Fyodorova	Corporate Secretary	Profile

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