HYATT HOTELS-A Correlations

1HTA Stock

152.85 2.65 1.76%

The current 90-days correlation between HYATT HOTELS A and SK TELECOM TDADR is 0.02 (i.e., Significant diversification). The correlation of HYATT HOTELS-A 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.

HYATT HOTELS-A Correlation With Market

Weak diversification

The correlation between HYATT HOTELS A and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding HYATT HOTELS A and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to HYATT HOTELS-A could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HYATT HOTELS-A 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 HYATT HOTELS-A - 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 HYATT HOTELS A to buy it.

Moving together with HYATT Stock

0.77	APC	Apple Inc	Pair Corr
0.81	APC	Apple Inc	Pair Corr
0.8	APC	Apple Inc	Pair Corr
0.8	APC	Apple Inc	Pair Corr
0.73	MSF	Microsoft	Pair Corr
0.72	MSF	Microsoft	Pair Corr
0.73	MSF	Microsoft	Pair Corr
0.74	MSF	Microsoft	Pair Corr
0.75	MSF	Microsoft	Pair Corr
0.74	AMZ	Amazon Inc	Pair Corr
0.71	ADH2	Air Canada	Pair Corr

Moving against HYATT Stock

0.71	CXT	Carmat SA	Pair Corr
0.61	DBPD	Xtrackers ShortDAX	Pair Corr
0.44	MTO	Mitie Group PLC	Pair Corr
0.43	MTO	METTLER TOLEDO INTL	Pair Corr
0.41	MTO	METTLER TOLEDO INTL	Pair Corr

Related Correlations Analysis

	OGM1	KMBA	AFG	3MJ	5ZM	6IC	0AI1
OGM1		-0.21	-0.07	0.14	0.73	0.75	-0.15	OGM1
KMBA	-0.21		-0.05	-0.36	-0.14	0.02	0.19	KMBA
AFG	-0.07	-0.05		0.28	-0.44	0.19	-0.05	AFG
3MJ	0.14	-0.36	0.28		0.28	-0.13	0.03	3MJ
5ZM	0.73	-0.14	-0.44	0.28		0.42	-0.03	5ZM
6IC	0.75	0.02	0.19	-0.13	0.42		-0.15	6IC
0AI1	-0.15	0.19	-0.05	0.03	-0.03	-0.15		0AI1
	OGM1	KMBA	AFG	3MJ	5ZM	6IC	0AI1

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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

6IC	+ 0.75	OGM1
5ZM	+ 0.73	OGM1
6IC	+ 0.42	5ZM
3MJ	+ 0.28	AFG
5ZM	+ 0.28	3MJ
0AI1	+ 0.19	KMBA

High negative correlations

5ZM	- 0.44	AFG
3MJ	- 0.36	KMBA
KMBA	- 0.21	OGM1
0AI1	- 0.15	6IC
0AI1	- 0.15	OGM1
5ZM	- 0.14	KMBA

Risk-Adjusted Indicators

There is a big difference between HYATT Stock performing well and HYATT HOTELS-A 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 HYATT HOTELS-A'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
OGM1	1.57	0.29	0.13	0.97	1.39	(2.08)	3.60	(2.32)	10.62
KMBA	1.36	0.06	(0.02)	(0.75)	1.90	(2.30)	4.62	(4.00)	14.02
AFG	1.78	(0.30)	0.00	(0.24)	0.00	0.00	4.17	(3.37)	10.01
3MJ	1.93	(0.20)	0.00	(0.06)	0.00	0.00	3.77	(3.54)	14.44
5ZM	1.37	0.27	0.19	0.35	1.26	(1.71)	3.57	(2.38)	9.29
6IC	2.25	0.16	0.04	0.32	2.66	(2.38)	4.57	(4.50)	22.12
0AI1	3.36	0.31	0.03	(0.50)	3.64	(4.53)	8.62	(5.73)	23.25

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Our tools can tell you how much better you can do entering a position in HYATT HOTELS-A 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.

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