Pebblebrook Hotel Correlations
| PEB-PE Preferred Stock | USD 21.84 0.12 0.55% |
The current 90-days correlation between Pebblebrook Hotel Trust and Ashford Hospitality Trust is 0.09 (i.e., Significant diversification). The correlation of Pebblebrook Hotel 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.
Pebblebrook |
The ability to find closely correlated positions to Pebblebrook Hotel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pebblebrook Hotel 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 Pebblebrook Hotel - 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 Pebblebrook Hotel Trust to buy it.
Moving together with Pebblebrook Preferred Stock
| 0.69 | INN-PE | Summit Hotel Properties | PairCorr |
| 0.71 | INN-PF | Summit Hotel Properties | PairCorr |
| 0.65 | BHR-PD | Braemar Hotels Resorts | PairCorr |
| 0.67 | SHO-PI | Sunstone Hotel Investors | PairCorr |
| 0.61 | SHO-PH | Sunstone Hotel Investors | PairCorr |
| 0.62 | RLJ-PA | RLJ Lodging Trust | PairCorr |
| 0.88 | PEB-PH | Pebblebrook Hotel Trust | PairCorr |
| 0.9 | PEB-PF | Pebblebrook Hotel Trust | PairCorr |
| 0.9 | PEB-PG | Pebblebrook Hotel Trust | PairCorr |
| 0.88 | VNO-PL | Vornado Realty Trust | PairCorr |
| 0.86 | VNO-PM | Vornado Realty Trust | PairCorr |
| 0.85 | VNO-PN | Vornado Realty Trust | PairCorr |
| 0.9 | VNO-PO | Vornado Realty Trust | PairCorr |
Moving against Pebblebrook Preferred Stock
| 0.4 | AHT-PF | Ashford Hospitality Trust | PairCorr |
| 0.66 | RC | Ready Capital Corp Sell-off Trend | PairCorr |
| 0.47 | UK | Ucommune International | PairCorr |
| 0.44 | DOUG | Douglas Elliman | PairCorr |
| 0.38 | PK | Park Hotels Resorts | PairCorr |
| 0.38 | EMITF | Elbit Imaging | PairCorr |
Related Correlations Analysis
| -0.54 | -0.65 | -0.59 | -0.6 | AHT-PG | ||
| -0.54 | 0.9 | 0.7 | 0.88 | BHR-PD | ||
| -0.65 | 0.9 | 0.67 | 0.81 | BHR-PB | ||
| -0.59 | 0.7 | 0.67 | 0.57 | ASPD | ||
| -0.6 | 0.88 | 0.81 | 0.57 | SHO-PI | ||
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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
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Risk-Adjusted Indicators
There is a big difference between Pebblebrook Preferred Stock performing well and Pebblebrook Hotel 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 Pebblebrook Hotel'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AHT-PG | 2.32 | (0.12) | 0.00 | 0.59 | 0.00 | 5.49 | 20.14 | |||
| BHR-PD | 1.26 | 0.19 | 0.08 | 0.66 | 1.08 | 3.14 | 7.00 | |||
| BHR-PB | 1.36 | 0.17 | 0.05 | 0.57 | 1.50 | 3.44 | 9.86 | |||
| ASPD | 0.14 | 0.00 | (0.14) | 0.13 | 0.22 | 0.90 | 2.70 | |||
| SHO-PI | 0.67 | 0.09 | (0.05) | (2.20) | 0.74 | 1.97 | 5.43 |
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Pebblebrook Hotel Corporate Management
| Raymond Martz | CFO, VP | Profile | |
| Thomas Fisher | Ex Officer | Profile | |
| Jon CPA | Pres Chairman | Profile | |
| Gabrielle Gordon | Director Fin | Profile | |
| Andrew Dittamo | VP Controller | Profile |