Booking Holdings Correlations

BKNG Stock

USD 5,177 33.77 0.65%

The current 90-days correlation between Booking Holdings and Airbnb Inc is 0.19 (i.e., Average diversification). The correlation of Booking Holdings 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.

Booking Holdings Correlation With Market

Very weak diversification

The correlation between Booking Holdings and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Booking Holdings 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 Booking Holdings. 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.

For more detail on how to invest in Booking Stock please use our How to Invest in Booking Holdings guide.

Moving together with Booking Stock

0.66	BH	Biglari Holdings	Pair Corr
0.68	SG	Sweetgreen	Pair Corr
0.94	WH	Wyndham Hotels Resorts	Pair Corr
0.66	DKNG	DraftKings Aggressive Push	Pair Corr
0.9	EVRI	Everi Holdings	Pair Corr
0.97	EXPE	Expedia Group	Pair Corr
0.83	AGS	PlayAGS	Pair Corr
0.94	BYD	Boyd Gaming	Pair Corr
0.95	CHH	Choice Hotels Intern	Pair Corr
0.67	CMG	Chipotle Mexican Grill Aggressive Push	Pair Corr
0.83	CSV	Carriage Services	Pair Corr
0.96	CUK	Carnival Plc ADS	Pair Corr
0.8	DPZ	Dominos Pizza	Pair Corr
0.62	DRI	Darden Restaurants	Pair Corr
0.98	EAT	Brinker International	Pair Corr
0.69	FAT	FAT Brands	Pair Corr
0.66	GAN	Gan	Pair Corr
0.91	FTDR	Frontdoor	Pair Corr
0.74	HGV	Hilton Grand Vacations	Pair Corr
0.94	HLT	Hilton Worldwide Holdings	Pair Corr
0.94	IHG	InterContinental Hotels	Pair Corr
0.63	FWRG	First Watch Restaurant	Pair Corr

Moving against Booking Stock

0.71	WING	Wingstop	Pair Corr
0.54	BDL	Flanigans Enterprises	Pair Corr
0.79	EJH	E Home Household	Pair Corr
0.77	HRB	HR Block	Pair Corr
0.73	IGT	International Game	Pair Corr
0.52	LNW	Light Wonder	Pair Corr

Related Correlations Analysis

	TRIP	ABNB	RCL	NCLH	CCL	EXPE	TCOM	DESP	TNL
TRIP		0.63	0.33	0.45	0.36	0.3	0.5	0.17	0.3	TRIP
ABNB	0.63		0.81	0.88	0.84	0.78	0.85	0.67	0.75	ABNB
RCL	0.33	0.81		0.97	0.99	0.98	0.75	0.9	0.95	RCL
NCLH	0.45	0.88	0.97		0.98	0.93	0.78	0.83	0.91	NCLH
CCL	0.36	0.84	0.99	0.98		0.96	0.73	0.9	0.94	CCL
EXPE	0.3	0.78	0.98	0.93	0.96		0.74	0.9	0.98	EXPE
TCOM	0.5	0.85	0.75	0.78	0.73	0.74		0.65	0.74	TCOM
DESP	0.17	0.67	0.9	0.83	0.9	0.9	0.65		0.88	DESP
TNL	0.3	0.75	0.95	0.91	0.94	0.98	0.74	0.88		TNL
	TRIP	ABNB	RCL	NCLH	CCL	EXPE	TCOM	DESP	TNL

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Booking Stock performing well and Booking Holdings 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 Booking Holdings' 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
TRIP	1.87	(0.21)	(0.04)	0.00	3.18	(1.63)	3.12	(4.39)	16.78
ABNB	1.41	0.16	0.07	0.29	2.02	(1.47)	3.64	(1.99)	13.83
RCL	1.57	0.47	0.39	0.42	0.92	(2.01)	4.24	(2.33)	10.23
NCLH	2.11	0.57	0.43	0.43	1.13	(2.84)	6.29	(2.27)	13.47
CCL	1.84	0.53	0.42	0.43	0.95	(2.57)	6.63	(2.41)	11.19
EXPE	1.34	0.35	0.29	0.41	0.91	(1.64)	3.76	(1.76)	7.76
TCOM	2.50	0.60	0.16	1.25	2.75	(2.69)	8.09	(3.99)	21.01
DESP	2.36	0.69	0.31	0.66	1.79	(2.87)	5.78	(3.12)	18.91
TNL	1.21	0.26	0.21	0.34	1.04	(1.45)	3.13	(2.28)	6.85

Booking Holdings Corporate Management

Susana CPA	Chief VP	Profile
Anthony Cali	VP	Profile
Paulo Pisano	Chief Officer	Profile
Daniel Hafner	Chief KAYAK	Profile
Susana DEmic	Chief VP	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC