Park Hotels Correlations
| PK Stock | USD 16.67 0.10 0.60% |
The correlation of Park Hotels 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 Park Hotels moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Park Hotels Resorts 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.
Poor diversification
The correlation between Park Hotels Resorts and NYA is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Park Hotels Resorts and NYA in the same portfolio, assuming nothing else is changed.
Park |
The ability to find closely correlated positions to Park Hotels could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Park Hotels 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 Park Hotels - 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 Park Hotels Resorts to buy it.
Moving together with Park Stock
| 0.66 | WY | Weyerhaeuser Financial Report 25th of July 2024 | PairCorr |
| 0.67 | EPRT | Essential Properties | PairCorr |
| 0.73 | FCPT | Four Corners Property Financial Report 6th of May 2024 | PairCorr |
Moving against Park Stock
| 0.63 | HR | Healthcare Realty Trust Financial Report 14th of May 2024 | PairCorr |
| 0.52 | UE | Urban Edge Properties Earnings Call This Week | PairCorr |
| 0.77 | AHH | Armada Hflr Pr Financial Report 14th of May 2024 | PairCorr |
| 0.54 | AHT | Ashford Hospitality Trust Financial Report 7th of May 2024 | PairCorr |
Related Correlations Analysis
| 0.7 | 0.61 | 0.85 | 0.86 | 0.2 | 0.17 | DRH | ||
| 0.7 | 0.75 | 0.89 | 0.78 | 0.35 | 0.21 | RHP | ||
| 0.61 | 0.75 | 0.76 | 0.84 | 0.42 | -0.02 | PEB | ||
| 0.85 | 0.89 | 0.76 | 0.9 | 0.31 | 0.21 | SHO | ||
| 0.86 | 0.78 | 0.84 | 0.9 | 0.38 | 0.03 | RLJ | ||
| 0.2 | 0.35 | 0.42 | 0.31 | 0.38 | -0.35 | INN | ||
| 0.17 | 0.21 | -0.02 | 0.21 | 0.03 | -0.35 | HT | ||
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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 Park Stock performing well and Park Hotels 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 Park Hotels' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DRH | 1.12 | (0.13) | (0.05) | 0.00 | 1.54 | 2.23 | 6.00 | |||
| RHP | 1.05 | (0.13) | 0.00 | (0.01) | 0.00 | 2.03 | 6.36 | |||
| PEB | 1.45 | (0.20) | 0.00 | (0.03) | 0.00 | 3.10 | 7.58 | |||
| SHO | 1.01 | (0.12) | (0.06) | (0.01) | 1.37 | 1.77 | 6.19 | |||
| RLJ | 1.16 | (0.17) | 0.00 | (0.03) | 0.00 | 2.45 | 5.97 | |||
| INN | 1.46 | (0.17) | 0.00 | (0.22) | 0.00 | 2.80 | 7.21 | |||
| HT | 1.67 | 0.83 | 4.49 | 1.53 | 0.00 | 0.30 | 56.35 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Park Hotels 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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Park Hotels Corporate Management
Elected by the shareholders, the Park Hotels' board of directors comprises two types of representatives: Park Hotels inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Park. The board's role is to monitor Park Hotels' management team and ensure that shareholders' interests are well served. Park Hotels' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Park Hotels' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Scott Winer | Senior Tax | Profile | |
| Timothy Naughton | Independent Director | Profile | |
| Robert Tanenbaum | Executive Vice President - Asset Management | Profile | |
| Matthew Sparks | Executive Vice President Chief Investment Officer | Profile |
Already Invested in Park Hotels Resorts?
The danger of trading Park Hotels Resorts 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 Park Hotels 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 Park Hotels. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Park Hotels Resorts 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 Park Hotels Resorts is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Park Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Park Hotels Resorts Stock. Highlighted below are key reports to facilitate an investment decision about Park Hotels Resorts Stock: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Park Hotels Resorts. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
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When running Park Hotels' price analysis, check to measure Park Hotels' 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 Park Hotels is operating at the current time. Most of Park Hotels' value examination focuses on studying past and present price action to predict the probability of Park Hotels' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Park Hotels' price. Additionally, you may evaluate how the addition of Park Hotels to your portfolios can decrease your overall portfolio volatility.
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Is Park Hotels' 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 Park Hotels. If investors know Park 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 Park Hotels 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 4.814 | Dividend Share 1.38 | Earnings Share 0.44 | Revenue Per Share 12.659 | Quarterly Revenue Growth (0.02) |
The market value of Park Hotels Resorts is measured differently than its book value, which is the value of Park that is recorded on the company's balance sheet. Investors also form their own opinion of Park Hotels' value that differs from its market value or its book value, called intrinsic value, which is Park Hotels' 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 Park Hotels' market value can be influenced by many factors that don't directly affect Park Hotels' 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 Park Hotels' value and its price as these two are different measures arrived at by different means. Investors typically determine if Park Hotels is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Park Hotels' 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.