Airbnb Correlations

ABNB Stock

USD 133.26 1.99 1.47%

The current 90-days correlation between Airbnb Inc and Norwegian Cruise Line is 0.22 (i.e., Modest diversification). The correlation of Airbnb 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.

Airbnb Correlation With Market

Weak diversification

The correlation between Airbnb Inc and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Airbnb Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Airbnb Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Airbnb Stock

0.62	H	Hyatt Hotels	Pair Corr
0.81	SG	Sweetgreen Buyout Trend	Pair Corr
0.71	WH	Wyndham Hotels Resorts	Pair Corr
0.86	EVRI	Everi Holdings	Pair Corr
0.8	EXPE	Expedia Group	Pair Corr
0.71	WYNN	Wynn Resorts Limited	Pair Corr
0.88	AGS	PlayAGS	Pair Corr
0.8	BYD	Boyd Gaming	Pair Corr
0.84	CHH	Choice Hotels Intern	Pair Corr
0.77	CMG	Chipotle Mexican Grill	Pair Corr
0.86	CUK	Carnival Plc ADS	Pair Corr
0.65	CZR	Caesars Entertainment Sell-off Trend	Pair Corr
0.64	DRI	Darden Restaurants	Pair Corr
0.77	EAT	Brinker International	Pair Corr
0.76	GAN	Gan	Pair Corr
0.65	FTDR	Frontdoor	Pair Corr
0.69	HDL	SUPER HI INTERNATIONAL	Pair Corr
0.88	HLT	Hilton Worldwide Holdings	Pair Corr
0.87	IHG	InterContinental Hotels	Pair Corr

Moving against Airbnb Stock

0.44	WING	Wingstop	Pair Corr
0.65	EJH	E Home Household	Pair Corr
0.6	HRB	HR Block	Pair Corr
0.65	IGT	International Game	Pair Corr
0.51	BTBDW	BT Brands Warrant	Pair Corr

Related Correlations Analysis

	NCLH	RCL	EXPE	BKNG	TRIP	CCL
NCLH		0.97	0.93	0.96	0.52	0.98	NCLH
RCL	0.97		0.98	0.97	0.43	0.99	RCL
EXPE	0.93	0.98		0.97	0.41	0.96	EXPE
BKNG	0.96	0.97	0.97		0.44	0.97	BKNG
TRIP	0.52	0.43	0.41	0.44		0.46	TRIP
CCL	0.98	0.99	0.96	0.97	0.46		CCL
	NCLH	RCL	EXPE	BKNG	TRIP	CCL

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Risk-Adjusted Indicators

There is a big difference between Airbnb Stock performing well and Airbnb 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 Airbnb'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
NCLH	2.14	0.61	0.44	0.40	1.15	(2.93)	6.29	(2.27)	13.47
RCL	1.58	0.48	0.40	0.38	0.90	(2.06)	4.24	(2.33)	10.23
EXPE	1.33	0.34	0.29	0.36	0.90	(1.65)	3.76	(1.76)	7.76
BKNG	0.95	0.41	0.38	0.70	0.51	(1.22)	2.23	(1.48)	6.36
TRIP	1.88	(0.21)	0.00	(0.04)	0.00	0.00	3.08	(4.39)	16.78
CCL	1.82	0.61	0.47	0.41	0.89	(2.57)	6.63	(2.41)	11.19

Airbnb Corporate Management

Tara Bunch	Global Operations	Profile
Brian Chesky	CEO, CoFounder	Profile
Aristotle Balogh	Chief Officer	Profile
David Bernstein	Chief Officer	Profile
Hiroki Asai	Global Marketing	Profile
David Stephenson	Chief Experience	Profile
Nathan Blecharczyk	Chief CoFounder	Profile

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