American Hotel Correlations
| AHOTF Stock | USD 0.34 0.01 2.86% |
The current 90-days correlation between American Hotel Income and Ashford Hospitality Trust is -0.07 (i.e., Good diversification). The correlation of American 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.
American Hotel Correlation With Market
Average diversification
The correlation between American Hotel Income and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Hotel Income and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to American 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 American 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 American 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 American Hotel Income to buy it.
Moving together with American OTC Stock
| 0.75 | NIO | Nio Class A | PairCorr |
| 0.72 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.75 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
Moving against American OTC Stock
| 0.62 | RIVN | Rivian Automotive Aggressive Push | PairCorr |
| 0.43 | PG | Procter Gamble Sell-off Trend | PairCorr |
| 0.35 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.31 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
Related Correlations Analysis
| 0.89 | 0.89 | 0.93 | 0.84 | AHT-PH | ||
| 0.89 | 0.81 | 0.87 | 0.77 | AHT-PG | ||
| 0.89 | 0.81 | 0.86 | 0.79 | AHT-PF | ||
| 0.93 | 0.87 | 0.86 | 0.83 | AHT-PI | ||
| 0.84 | 0.77 | 0.79 | 0.83 | AHT-PD | ||
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Risk-Adjusted Indicators
There is a big difference between American OTC Stock performing well and American Hotel OTC Stock 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 American 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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AHT-PH | 2.11 | (0.09) | 0.00 | 0.24 | 0.00 | 5.64 | 17.00 | |||
| AHT-PG | 2.26 | (0.22) | 0.00 | 0.70 | 0.00 | 4.30 | 20.14 | |||
| AHT-PF | 2.00 | (0.02) | 0.00 | 0.14 | 0.00 | 4.62 | 13.16 | |||
| AHT-PI | 2.42 | (0.12) | 0.00 | 0.31 | 0.00 | 5.75 | 14.59 | |||
| AHT-PD | 2.07 | (0.06) | 0.00 | 0.23 | 0.00 | 3.07 | 17.19 |
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Our tools can tell you how much better you can do entering a position in American 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.Did you try this?
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