Park Hotels Correlations

PK Stock

USD 14.68 0.48 3.38%

The current 90-days correlation between Park Hotels Resorts and Diamondrock Hospitality is 0.8 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Park Hotels moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Park Hotels Resorts moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Park Hotels Correlation With Market

Very weak diversification

The correlation between Park Hotels Resorts and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Park Hotels Resorts and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Park Hotels Resorts. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving against Park Stock

0.42	O	Realty Income	Pair Corr
0.36	WHLR	Wheeler Real Estate	Pair Corr
0.34	HASI	Hannon Armstrong Sus	Pair Corr
0.31	SUI	Sun Communities	Pair Corr
0.34	VICI	VICI Properties	Pair Corr

Related Correlations Analysis

	DRH	RHP	PEB	SHO	RLJ	INN	HT
DRH		0.91	0.24	0.82	0.71	0.16	-0.02	DRH
RHP	0.91		-0.01	0.66	0.57	0.02	0.06	RHP
PEB	0.24	-0.01		0.55	0.46	0.83	-0.24	PEB
SHO	0.82	0.66	0.55		0.63	0.42	-0.02	SHO
RLJ	0.71	0.57	0.46	0.63		0.37	0.16	RLJ
INN	0.16	0.02	0.83	0.42	0.37		-0.15	INN
HT	-0.02	0.06	-0.24	-0.02	0.16	-0.15		HT
	DRH	RHP	PEB	SHO	RLJ	INN	HT

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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

RHP	+ 0.91	DRH
INN	+ 0.83	PEB
SHO	+ 0.82	DRH
RLJ	+ 0.71	DRH
SHO	+ 0.66	RHP
RLJ	+ 0.63	SHO

High negative correlations

HT	- 0.24	PEB
HT	- 0.15	INN
HT	- 0.02	SHO
HT	- 0.02	DRH
PEB	- 0.01	RHP

Risk-Adjusted Indicators

There is a big difference between Park Stock performing well and Park Hotels 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 Park Hotels' 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
DRH	1.14	0.01	0.03	0.09	1.23	(1.28)	2.25	(2.27)	9.19
RHP	1.02	0.08	0.08	0.16	0.92	(1.13)	2.10	(1.74)	7.06
PEB	1.54	(0.16)	0.00	(0.01)	0.00	0.00	2.87	(3.29)	10.70
SHO	1.11	(0.11)	(0.06)	0.00	1.32	(1.27)	2.17	(2.51)	7.79
RLJ	1.15	0.00	0.01	0.09	1.27	(1.29)	2.51	(1.91)	9.84
INN	1.38	(0.23)	0.00	(0.06)	0.00	0.00	2.56	(2.41)	10.45
HT	1.39	(0.08)	0.00	0.66	0.00	0.00	3.28	(2.58)	9.17

Park Hotels Corporate Management

Scott Winer	Senior Tax	Profile
Timothy Naughton	Independent Director	Profile
Jill Olander	Executive Vice President - Human Resources	Profile
Darren Robb	Senior Officer	Profile

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