Despegar Corp Correlations

DESP Stock

USD 18.75 0.26 1.41%

The current 90-days correlation between Despegar Corp and Lindblad Expeditions Holdings is 0.24 (i.e., Modest diversification). The correlation of Despegar Corp 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.

Despegar Corp Correlation With Market

Modest diversification

The correlation between Despegar Corp and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Despegar Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Despegar Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

To learn how to invest in Despegar Stock, please use our How to Invest in Despegar Corp guide.

Moving together with Despegar Stock

0.72	BH	Biglari Holdings	Pair Corr
0.88	WH	Wyndham Hotels Resorts	Pair Corr
0.86	EVRI	Everi Holdings	Pair Corr
0.9	EXPE	Expedia Group	Pair Corr
0.78	AGS	PlayAGS	Pair Corr
0.83	BYD	Boyd Gaming	Pair Corr
0.91	CHH	Choice Hotels Intern	Pair Corr
0.66	CMG	Chipotle Mexican Grill Aggressive Push	Pair Corr
0.71	CSV	Carriage Services	Pair Corr
0.89	CUK	Carnival Plc ADS	Pair Corr
0.66	DPZ	Dominos Pizza	Pair Corr
0.92	EAT	Brinker International	Pair Corr
0.64	FAT	FAT Brands	Pair Corr
0.63	GAN	Gan	Pair Corr
0.81	FTDR	Frontdoor	Pair Corr
0.68	HGV	Hilton Grand Vacations	Pair Corr
0.85	HLT	Hilton Worldwide Holdings	Pair Corr
0.85	IHG	InterContinental Hotels	Pair Corr

Moving against Despegar Stock

0.67	WING	Wingstop	Pair Corr
0.52	BDL	Flanigans Enterprises	Pair Corr
0.83	HRB	HR Block	Pair Corr
0.8	EJH	E Home Household	Pair Corr
0.8	IGT	International Game	Pair Corr
0.49	LNW	Light Wonder	Pair Corr

Related Correlations Analysis

	YTRA	SABRP	LIND	MOND	EXPE	TCOM	BKNG	TNL	MMYT
YTRA		-0.06	-0.6	-0.02	-0.46	-0.11	-0.47	-0.5	-0.23	YTRA
SABRP	-0.06		0.24	0.34	-0.08	-0.52	-0.11	-0.07	-0.12	SABRP
LIND	-0.6	0.24		-0.3	0.78	0.28	0.76	0.79	0.52	LIND
MOND	-0.02	0.34	-0.3		-0.72	-0.82	-0.73	-0.69	-0.32	MOND
EXPE	-0.46	-0.08	0.78	-0.72		0.74	0.97	0.98	0.47	EXPE
TCOM	-0.11	-0.52	0.28	-0.82	0.74		0.75	0.74	0.19	TCOM
BKNG	-0.47	-0.11	0.76	-0.73	0.97	0.75		0.97	0.52	BKNG
TNL	-0.5	-0.07	0.79	-0.69	0.98	0.74	0.97		0.44	TNL
MMYT	-0.23	-0.12	0.52	-0.32	0.47	0.19	0.52	0.44		MMYT
	YTRA	SABRP	LIND	MOND	EXPE	TCOM	BKNG	TNL	MMYT

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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

TNL	+ 0.98	EXPE
BKNG	+ 0.97	EXPE
TNL	+ 0.97	BKNG
TNL	+ 0.79	LIND
EXPE	+ 0.78	LIND
BKNG	+ 0.76	LIND

High negative correlations

TCOM	- 0.82	MOND
BKNG	- 0.73	MOND
EXPE	- 0.72	MOND
TNL	- 0.69	MOND
LIND	- 0.6	YTRA
TCOM	- 0.52	SABRP

Risk-Adjusted Indicators

There is a big difference between Despegar Stock performing well and Despegar Corp 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 Despegar Corp'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
YTRA	1.75	0.13	0.04	0.30	2.21	(2.29)	5.76	(2.86)	17.55
SABRP	2.86	(0.06)	(0.02)	0.06	3.40	(3.56)	7.99	(6.16)	18.31
LIND	2.82	0.31	0.20	0.23	2.18	(4.06)	4.92	(3.83)	29.57
MOND	3.77	(1.15)	0.00	(0.31)	0.00	0.00	7.87	(10.11)	43.48
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
BKNG	1.01	0.40	0.37	0.69	0.46	(1.30)	2.47	(1.48)	6.36
TNL	1.21	0.26	0.21	0.34	1.04	(1.45)	3.13	(2.28)	6.85
MMYT	2.59	(0.03)	0.02	0.10	3.66	(2.53)	5.80	(5.48)	19.27

Despegar Corp Corporate Management

Adam Jay	Director	Profile
Gonzalo Estebarena	Chief Commercial Director	Profile
Dirk Donath	Director	Profile
Alberto Gaffney	Chief Officer	Profile
Andrs Patetta	Chief Officer	Profile
Amit Singh	Chief Officer	Profile
Mario Vazquez	Independent Director	Profile

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