HILTON WORLDWIDE Correlations

Stocks . Germany . 
Stock . HILTON WORLDWIDE HOLDINGS
HI91 Stock   242.60  1.80  0.75%   
The current 90-days correlation between HILTON WORLDWIDE HOLDINGS and Apple Inc is -0.06 (i.e., Good diversification). The correlation of HILTON WORLDWIDE 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.

HILTON WORLDWIDE Correlation With Market

Significant diversification

The correlation between HILTON WORLDWIDE HOLDINGS and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding HILTON WORLDWIDE HOLDINGS and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to HILTON WORLDWIDE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HILTON WORLDWIDE 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 HILTON WORLDWIDE - 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 HILTON WORLDWIDE HOLDINGS to buy it.

Moving together with HILTON Stock

  0.81APC Apple IncPairCorr
  0.8APC Apple IncPairCorr
  0.82APC Apple IncPairCorr
  0.8APC Apple IncPairCorr
  0.8APC Apple IncPairCorr
  0.81APC Apple IncPairCorr
  0.81MSF MicrosoftPairCorr
  0.8MSF MicrosoftPairCorr
  0.79MSF MicrosoftPairCorr
  0.82MSF MicrosoftPairCorr
  0.87AZ5 AUTOZONE DusseldorfPairCorr
  0.69BN9 Bank of New York MellonPairCorr
  0.81CE1 Perdoceo EducationPairCorr
  0.87HEI Heidelberg MaterialsPairCorr
  0.79NH5 NH HOTEL GROUPPairCorr
  0.624DH Dana IncPairCorr
  0.73LIE SUN LIFE FINANCIALPairCorr
  0.81GIFN GigaMediaPairCorr
  0.83NTOA NintendoPairCorr
  0.8IUI1 Intuitive Surgical Earnings Call This WeekPairCorr
  0.76Z56 QINGCI GAMES INCPairCorr
  0.9SNQB SANOMA DusseldorfPairCorr
  0.9KEL Kellogg CompanyPairCorr
  0.73UNC UCB DusseldorfPairCorr
  0.791YD BroadcomPairCorr
  0.85XKR KAR Auction ServicesPairCorr
  0.62YC3 CONCORDIA FINL GROUPPairCorr

Moving against HILTON Stock

  0.8503F IDP EDUCATION LTDPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between HILTON Stock performing well and HILTON WORLDWIDE 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 HILTON WORLDWIDE'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
APC  0.93  0.10  0.06  0.57  1.26 
(0.92)
 1.81 
(1.96)
 5.99 
APC  0.95  0.11  0.06  1.09  1.33 
(0.92)
 1.81 
(2.14)
 5.62 
APC  0.93  0.11  0.06  1.89  1.23 
(0.94)
 1.85 
(1.96)
 5.17 
APC  0.92  0.11  0.05  0.97  1.49 
(0.84)
 1.94 
(2.22)
 6.57 
APC  0.93  0.09  0.06 (1.91) 1.14 
(0.98)
 2.33 
(1.94)
 6.90 
APC  0.91  0.09  0.05  0.33  1.39 
(0.86)
 1.67 
(2.15)
 6.16 
MSF  0.97  0.16  0.10  1.10  1.30 
(1.10)
 2.60 
(1.61)
 8.71 
MSF  1.05  0.15  0.08  0.70  1.44 
(1.15)
 3.08 
(2.16)
 9.11 
MSF  1.06  0.15  0.09  0.73  1.47 
(1.26)
 2.43 
(1.93)
 11.42 
MSF  0.93  0.15  0.08  3.30  1.41 
(0.98)
 2.04 
(1.84)
 8.79 

Be your own money manager

Our tools can tell you how much better you can do entering a position in HILTON WORLDWIDE 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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