Service Properties Correlations

SVC Stock

USD 2.91 0.23 8.58%

The current 90-days correlation between Service Properties Trust and Triton International Limited is 0.26 (i.e., Modest diversification). The correlation of Service Properties 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.

Service Properties Correlation With Market

Weak diversification

The correlation between Service Properties Trust and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Service Properties Trust and DJI in the same portfolio, assuming nothing else is changed.

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Service Properties Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Service Stock

0.79	BXP	Boston Properties Earnings Call This Week	Pair Corr
0.89	DEI	Douglas Emmett	Pair Corr
0.64	HPP	Hudson Pacific Properties	Pair Corr
0.86	SLG	SL Green Realty	Pair Corr
0.92	JBGS	JBG SMITH Properties Earnings Call This Week	Pair Corr
0.79	DX	Dynex Capital	Pair Corr
0.62	FR	First Industrial Realty	Pair Corr
0.71	KW	Kennedy Wilson Holdings	Pair Corr
0.79	OZ	Belpointe PREP LLC	Pair Corr
0.78	PK	Park Hotels Resorts Earnings Call This Week	Pair Corr
0.71	UE	Urban Edge Properties Earnings Call This Week	Pair Corr
0.87	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.89	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.76	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.9	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.92	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.77	DOUG	Douglas Elliman	Pair Corr
0.71	VNO-PL	Vornado Realty Trust	Pair Corr
0.71	VNO-PM	Vornado Realty Trust	Pair Corr
0.7	VNO-PN	Vornado Realty Trust	Pair Corr
0.69	MITT-PA	AG Mortgage Investment	Pair Corr
0.85	MITT-PB	AG Mortgage Investment	Pair Corr
0.91	MITT-PC	AG Mortgage Investment	Pair Corr
0.91	EARN	Ellington Residential	Pair Corr
0.84	ELME	Elme Communities	Pair Corr
0.73	WELL	Welltower Earnings Call This Week	Pair Corr
0.76	ESBA	Empire State Realty	Pair Corr

Moving against Service Stock

0.48	UK	Ucommune International	Pair Corr
0.84	ADC	Agree Realty	Pair Corr
0.74	FCPT	Four Corners Property Earnings Call This Week	Pair Corr
0.7	WHLR	Wheeler Real Estate	Pair Corr
0.43	WETH	Wetouch Technology Common	Pair Corr
0.4	FBRT	Franklin BSP Realty	Pair Corr

Related Correlations Analysis

	VGAS	CCEC	TRTN-PC	WSC	CFRLF	LDI	CVWFF	MIUFY
VGAS		0.26	0.19	0.1	0.25	-0.09	-0.02	-0.08	VGAS
CCEC	0.26		0.69	0.75	0.59	0.7	0.6	0.29	CCEC
TRTN-PC	0.19	0.69		0.51	0.85	0.78	0.06	0.59	TRTN-PC
WSC	0.1	0.75	0.51		0.52	0.62	0.68	0.38	WSC
CFRLF	0.25	0.59	0.85	0.52		0.61	0.06	0.49	CFRLF
LDI	-0.09	0.7	0.78	0.62	0.61		0.27	0.47	LDI
CVWFF	-0.02	0.6	0.06	0.68	0.06	0.27		-0.02	CVWFF
MIUFY	-0.08	0.29	0.59	0.38	0.49	0.47	-0.02		MIUFY
	VGAS	CCEC	TRTN-PC	WSC	CFRLF	LDI	CVWFF	MIUFY

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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

CFRLF	+ 0.85	TRTN-PC
LDI	+ 0.78	TRTN-PC
WSC	+ 0.75	CCEC
LDI	+ 0.7	CCEC
TRTN-PC	+ 0.69	CCEC
CVWFF	+ 0.68	WSC

High negative correlations

LDI	- 0.09	VGAS
MIUFY	- 0.08	VGAS
MIUFY	- 0.02	CVWFF
CVWFF	- 0.02	VGAS

Risk-Adjusted Indicators

There is a big difference between Service Stock performing well and Service Properties 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 Service Properties' 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
VGAS	2.92	(0.30)	0.00	(0.08)	0.00	0.00	6.67	(5.52)	16.85
CCEC	2.14	0.47	0.16	1.96	1.90	(2.47)	7.10	(2.93)	12.21
TRTN-PC	0.60	0.10	(0.01)	0.61	0.84	(0.65)	1.44	(1.09)	5.59
WSC	2.09	0.05	0.09	0.16	1.93	(2.56)	5.50	(3.78)	15.64
CFRLF	0.20	0.08	0.00	0.74	0.00	0.00	0.00	0.00	6.82
LDI	3.59	0.80	0.19	0.93	3.14	(4.41)	10.78	(5.88)	18.62
CVWFF	2.04	0.86	0.14	(0.54)	1.47	(6.32)	7.14	(2.63)	30.93
MIUFY	1.86	(0.03)	0.01	0.12	2.71	(4.56)	8.33	(8.57)	22.59

Service Properties Corporate Executives

Elected by the shareholders, the Service Properties' board of directors comprises two types of representatives: Service Properties inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Service. The board's role is to monitor Service Properties' management team and ensure that shareholders' interests are well served. Service Properties' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Service Properties' outside directors are responsible for providing unbiased perspectives on the board's policies.

Brian CPA

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