PPHE HOTEL Correlations

Stocks . Germany . 
Stock . PPHE HOTEL GROUP
32P Stock  EUR 15.20  0.10  0.66%   
The current 90-days correlation between PPHE HOTEL GROUP and PLAYWAY SA ZY 10 is 0.06 (i.e., Significant diversification). The correlation of PPHE 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.

PPHE HOTEL Correlation With Market

Significant diversification

The correlation between PPHE HOTEL GROUP and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PPHE HOTEL GROUP and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to PPHE 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 PPHE 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 PPHE 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 PPHE HOTEL GROUP to buy it.

Moving together with PPHE Stock

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Moving against PPHE Stock

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Related Correlations Analysis

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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   
A9F
+ 0.55
9GY
PL8
+ 0.39
UVD
9GY
+ 0.28
6P5
PL8
+ 0.2
A9F
2NY2
+ 0.0
6P5
2NY2
+ 0.0
9GY
  
High negative correlations   
UVD
- 0.85
9GY
PL8
- 0.51
6P5
UVD
- 0.4
6P5
UVD
- 0.37
A9F
A9F
- 0.33
6P5
PL8
- 0.29
9GY

Risk-Adjusted Indicators

There is a big difference between PPHE Stock performing well and PPHE 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 PPHE 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in PPHE 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.

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PPHE HOTEL Corporate Management

Elected by the shareholders, the PPHE HOTEL's board of directors comprises two types of representatives: PPHE HOTEL inside directors who are chosen from within the company, and outside directors, selected externally and held independent of PPHE. The board's role is to monitor PPHE HOTEL's management team and ensure that shareholders' interests are well served. PPHE 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, PPHE HOTEL's outside directors are responsible for providing unbiased perspectives on the board's policies.
Kenneth BradleyNon-Executive Independent DirectorProfile
Jon ColleyExecutive Vice President of Acquisitions and DevelopmentProfile
Robert HenkeExecutive Vice President - Commercial AffairsProfile
Daniel PedreschiRegional Vice President - Operations, United KingdomProfile
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