Regal Hotels Correlations
| RH6B Stock | EUR 0.29 0.01 3.57% |
The current 90-days correlation between Regal Hotels Interna and INTERCONT HOTELS is 0.1 (i.e., Average diversification). The correlation of Regal 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.
Regal Hotels Correlation With Market
Good diversification
The correlation between Regal Hotels International and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Regal Hotels International and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Regal 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 Regal 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 Regal 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 Regal Hotels International to buy it.
Moving against Regal Stock
| 0.55 | VAR1 | Varta AG | PairCorr |
| 0.52 | KBIA | KB Financial Group | PairCorr |
| 0.44 | ACR1 | ACCOR SPADR NEW | PairCorr |
| 0.44 | ACR | Accor SA | PairCorr |
| 0.43 | 2WY | Wyndham Hotels Resorts | PairCorr |
| 0.38 | CZH | Choice Hotels Intern | PairCorr |
| 0.36 | MAQ | Marriott International | PairCorr |
| 0.36 | UN3 | United Natural Foods | PairCorr |
| 0.34 | HI91 | Hilton Worldwide Holdings | PairCorr |
| 0.33 | IC1B | INTERCONT HOTELS | PairCorr |
| 0.31 | IC1H | InterContinental Hotels | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Regal Stock performing well and Regal 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 Regal 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.Be your own money manager
Our tools can tell you how much better you can do entering a position in Regal 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.Did you try this?
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Regal Hotels Corporate Management
Elected by the shareholders, the Regal Hotels' board of directors comprises two types of representatives: Regal Hotels inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Regal. The board's role is to monitor Regal Hotels' management team and ensure that shareholders' interests are well served. Regal 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, Regal Hotels' outside directors are responsible for providing unbiased perspectives on the board's policies.