Summit Hotel Correlations
| SDP Stock | EUR 4.74 0.02 0.42% |
The current 90-days correlation between Summit Hotel Properties and Pebblebrook Hotel Trust is 0.84 (i.e., Very poor diversification). The correlation of Summit Hotel 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.
Summit Hotel Correlation With Market
Very good diversification
The correlation between Summit Hotel Properties and DJI is -0.26 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Summit Hotel Properties and DJI in the same portfolio, assuming nothing else is changed.
Summit |
The ability to find closely correlated positions to Summit Hotel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Summit Hotel 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 Summit Hotel - 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 Summit Hotel Properties to buy it.
Moving together with Summit Stock
| 0.76 | HMT | Host Hotels Resorts | PairCorr |
| 0.73 | 4RH | Ryman Hospitality | PairCorr |
| 0.76 | PD0 | Pebblebrook Hotel Trust | PairCorr |
| 0.8 | 0XHR | Xenia Hotels Resorts | PairCorr |
| 0.9 | HPO | Service Properties Trust | PairCorr |
| 0.86 | SSUN | Samsung Electronics | PairCorr |
| 0.83 | SSU | Samsung Electronics | PairCorr |
| 0.88 | SSUN | Samsung Electronics | PairCorr |
| 0.84 | SSU | Samsung Electronics | PairCorr |
| 0.67 | PTI | Perusahaan Perseroan | PairCorr |
| 0.82 | KBIA | KB Financial Group | PairCorr |
| 0.73 | BB2A | BURBERRY GROUP ADR | PairCorr |
| 0.76 | Z1L | Lery Seafood Group | PairCorr |
| 0.67 | 26Y | YATRA ONLINE DL | PairCorr |
| 0.89 | MTE | Micron Technology | PairCorr |
| 0.88 | MEL | Meli Hotels International | PairCorr |
| 0.86 | ADH2 | Air Canada | PairCorr |
| 0.82 | CTM | China Mobile Limited | PairCorr |
| 0.68 | PNK | Pioneer Natural Resources | PairCorr |
| 0.71 | KGHA | KGHM Polska Miedz | PairCorr |
| 0.87 | ROI | ROSENBAUER INTERNAT | PairCorr |
| 0.82 | SH7 | HELIOS TECHS INC | PairCorr |
Moving against Summit Stock
Related Correlations Analysis
| 0.93 | 0.64 | 0.64 | 0.95 | 0.86 | 0.76 | HMT | ||
| 0.93 | 0.7 | 0.66 | 0.97 | 0.81 | 0.73 | 4RH | ||
| 0.64 | 0.7 | 0.73 | 0.69 | 0.68 | 0.76 | PD0 | ||
| 0.64 | 0.66 | 0.73 | 0.64 | 0.66 | 0.51 | UF2 | ||
| 0.95 | 0.97 | 0.69 | 0.64 | 0.86 | 0.8 | 0XHR | ||
| 0.86 | 0.81 | 0.68 | 0.66 | 0.86 | 0.9 | HPO | ||
| 0.76 | 0.73 | 0.76 | 0.51 | 0.8 | 0.9 | SDP | ||
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Risk-Adjusted Indicators
There is a big difference between Summit Stock performing well and Summit Hotel 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 Summit Hotel'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HMT | 1.94 | 0.13 | 0.00 | 0.48 | 2.05 | 4.28 | 13.76 | |||
| 4RH | 1.66 | 0.14 | 0.04 | 0.42 | 1.70 | 3.66 | 17.70 | |||
| PD0 | 2.61 | 0.72 | 0.08 | (0.58) | 2.81 | 6.97 | 35.11 | |||
| UF2 | 1.85 | 0.34 | (0.02) | (0.32) | 1.99 | 3.99 | 18.91 | |||
| 0XHR | 2.06 | 0.19 | 0.07 | 0.41 | 2.21 | 4.65 | 25.10 | |||
| HPO | 2.77 | 0.83 | 0.13 | (0.83) | 2.61 | 7.10 | 29.95 | |||
| SDP | 2.52 | 0.75 | 0.11 | (0.88) | 2.53 | 7.80 | 25.02 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Summit Hotel 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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Summit Hotel Corporate Management
Elected by the shareholders, the Summit Hotel's board of directors comprises two types of representatives: Summit Hotel inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Summit. The board's role is to monitor Summit Hotel's management team and ensure that shareholders' interests are well served. Summit Hotel's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Summit Hotel's outside directors are responsible for providing unbiased perspectives on the board's policies.
| William Conkling | Ex CFO | Profile | |
| Christopher Eng | Exec Officer | Profile | |
| Adam Wudel | Sr Markets | Profile | |
| Jonathan Stanner | CEO Pres | Profile | |
| Paul Ruiz | VP Officer | Profile |