Choice Hotels Correlations

Stocks . Germany . 
Stock . Choice Hotels International
CZH Stock  EUR 144.00  2.00  1.41%   
The current 90-days correlation between Choice Hotels Intern and INTERCONT HOTELS is -0.19 (i.e., Good diversification). The correlation of Choice Hotels 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.

Choice Hotels Correlation With Market

Modest diversification

The correlation between Choice Hotels International and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Choice Hotels International and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Choice Hotels could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Choice Hotels 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 Choice Hotels - 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 Choice Hotels International to buy it.

Moving together with Choice Stock

  0.94MAQ Marriott InternationalPairCorr
  0.96HI91 Hilton Worldwide HoldingsPairCorr
  0.791HTA Hyatt HotelsPairCorr
  0.95IC1H InterContinental HotelsPairCorr
  0.94IC1B INTERCONT HOTELSPairCorr
  0.92ACR1 ACCOR SPADR NEWPairCorr
  0.92ACR Accor SAPairCorr
  0.952WY Wyndham Hotels ResortsPairCorr
  0.77KBIA KB Financial GroupPairCorr
  0.87UN3 United Natural Foods Earnings Call Next WeekPairCorr
  0.85EK7 AGRICUL BK CHINAPairCorr

Moving against Choice Stock

  0.87GGG GUDANG GARAMPairCorr
  0.82K9R KENEDIX OFFICE INVPairCorr
  0.8JUA Japan Real EstatePairCorr
  0.699NPA NIPPON PROLOGIS REITPairCorr
  0.68PKX POSCO HoldingsPairCorr
  0.670S2 UNITED URBAN INVPairCorr
  0.52DBPD Xtrackers ShortDAXPairCorr

Related Correlations Analysis

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Be your own money manager

Our tools can tell you how much better you can do entering a position in Choice Hotels 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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Choice Hotels Corporate Management

Elected by the shareholders, the Choice Hotels' board of directors comprises two types of representatives: Choice Hotels inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Choice. The board's role is to monitor Choice Hotels' management team and ensure that shareholders' interests are well served. Choice Hotels' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Choice Hotels' outside directors are responsible for providing unbiased perspectives on the board's policies.
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