Chatham Lodging Correlations
| CLDT Stock | USD 8.74 0.02 0.23% |
The current 90-days correlation between Chatham Lodging Trust and Summit Hotel Properties is -0.2 (i.e., Good diversification). The correlation of Chatham Lodging 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.
Chatham Lodging Correlation With Market
Very weak diversification
The correlation between Chatham Lodging Trust and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chatham Lodging Trust and DJI in the same portfolio, assuming nothing else is changed.
Chatham |
Moving together with Chatham Stock
| 0.81 | PK | Park Hotels Resorts | PairCorr |
| 0.66 | EQIX | Equinix | PairCorr |
| 0.62 | DEI | Douglas Emmett Earnings Call Tomorrow | PairCorr |
| 0.69 | RHP | Ryman Hospitality | PairCorr |
| 0.61 | UDR | UDR Inc Earnings Call Tomorrow | PairCorr |
| 0.63 | NXRT | Nexpoint Residential | PairCorr |
| 0.67 | OZ | Belpointe PREP LLC | PairCorr |
| 0.72 | RC | Ready Capital Corp | PairCorr |
Moving against Chatham Stock
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Chatham Stock performing well and Chatham Lodging 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 Chatham Lodging'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| INN | 1.34 | 0.13 | 0.05 | 0.69 | 1.43 | 2.70 | 10.67 | |||
| RLJ | 1.20 | 0.16 | 0.07 | 0.56 | 1.44 | 2.87 | 10.47 | |||
| PEB | 1.36 | 0.11 | 0.03 | 0.34 | 1.81 | 3.93 | 14.89 | |||
| HT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| WSR | 0.96 | (0.09) | 0.00 | (0.42) | 0.00 | 1.53 | 8.25 |
Chatham Lodging Corporate Management
| Eric Kentoff | General VP | Profile | |
| Ethel Williams | Independent Director | Profile | |
| Thomas Crocker | Independent Trustee | Profile | |
| Rolf Ruhfus | Independent Trustee | Profile | |
| David Grissen | Independent Director | Profile |