Correlation Between Consolidated Sports and Host Hotels

Can any of the company-specific risk be diversified away by investing in both Consolidated Sports and Host Hotels at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Consolidated Sports and Host Hotels into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Consolidated Sports Media and Host Hotels Resorts, you can compare the effects of market volatilities on Consolidated Sports and Host Hotels and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Consolidated Sports with a short position of Host Hotels. Check out your portfolio center. Please also check ongoing floating volatility patterns of Consolidated Sports and Host Hotels.

Diversification Opportunities for Consolidated Sports and Host Hotels

0.0

Correlation Coefficient

Consolidated Sports  Host Hotels

Pay attention - limited upside

The 3 months correlation between Consolidated and Host is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Consolidated Sports Media and Host Hotels Resorts in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Host Hotels Resorts and Consolidated Sports is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Consolidated Sports Media are associated (or correlated) with Host Hotels. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Host Hotels Resorts has no effect on the direction of Consolidated Sports i.e., Consolidated Sports and Host Hotels go up and down completely randomly.

Pair Corralation between Consolidated Sports and Host Hotels

If you would invest  1,687  in Host Hotels Resorts on September 2, 2025 and sell it today you would earn a total of  76.00  from holding Host Hotels Resorts or generate 4.51% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	100.0%
Values	Daily Returns

Consolidated Sports Media  vs.  Host Hotels Resorts

Consolidated Sports Media

Risk-Adjusted Performance

Weakest

Over the last 90 days Consolidated Sports Media has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable technical and fundamental indicators, Consolidated Sports is not utilizing all of its potentials. The current stock price uproar, may contribute to short-horizon losses for the private investors.

Host Hotels Resorts

Risk-Adjusted Performance

Soft

Compared to the overall equity markets, risk-adjusted returns on investments in Host Hotels Resorts are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively stable basic indicators, Host Hotels is not utilizing all of its potentials. The recent stock price uproar, may contribute to short-horizon losses for the private investors.

Pair Trading with Consolidated Sports and Host Hotels

The main advantage of trading using opposite Consolidated Sports and Host Hotels positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Consolidated Sports position performs unexpectedly, Host Hotels can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Host Hotels will offset losses from the drop in Host Hotels' long position.

The idea behind Consolidated Sports Media and Host Hotels Resorts pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis 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 Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.