RLJ Lodging Correlations

RLJ Stock

USD 9.91 0.09 0.90%

The current 90-days correlation between RLJ Lodging Trust and Sunstone Hotel Investors is 0.63 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as RLJ Lodging moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RLJ Lodging Trust moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

RLJ Lodging Correlation With Market

Very weak diversification

The correlation between RLJ Lodging Trust and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RLJ Lodging Trust 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 RLJ Lodging Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with RLJ Stock

0.8	PK	Park Hotels Resorts	Pair Corr
0.78	EQIX	Equinix	Pair Corr
0.79	AHR	American Healthcare REIT,	Pair Corr
0.63	AHT	Ashford Hospitality Trust	Pair Corr
0.63	BRT	BRT Realty Trust	Pair Corr

Moving against RLJ Stock

0.82	WHLR	Wheeler Real Estate	Pair Corr
0.68	O	Realty Income	Pair Corr
0.42	FR	First Industrial Realty	Pair Corr
0.41	VICI	VICI Properties	Pair Corr
0.39	ELME	Elme Communities	Pair Corr
0.35	WY	Weyerhaeuser Earnings Call This Week	Pair Corr
0.32	WELL	Welltower	Pair Corr
0.65	ARE	Alexandria Real Estate	Pair Corr
0.55	BNL	Broadstone Net Lease	Pair Corr
0.54	CCI	Crown Castle Earnings Call This Week	Pair Corr
0.53	AMT	American Tower Corp	Pair Corr
0.42	BXP	Boston Properties	Pair Corr
0.37	ALX	Alexanders	Pair Corr

Related Correlations Analysis

	SHO	PEB	INN	RHP	DRH	CLDT	HT	XHR	AHT-PF	SHO-PH
SHO		0.8	0.92	-0.14	0.7	0.57	0.27	0.59	-0.79	-0.31	SHO
PEB	0.8		0.87	0.41	0.93	0.76	0.06	0.9	-0.54	-0.27	PEB
INN	0.92	0.87		0.03	0.8	0.68	0.23	0.7	-0.76	-0.36	INN
RHP	-0.14	0.41	0.03		0.53	0.48	-0.42	0.69	0.3	0.31	RHP
DRH	0.7	0.93	0.8	0.53		0.83	-0.14	0.96	-0.44	-0.06	DRH
CLDT	0.57	0.76	0.68	0.48	0.83		-0.26	0.83	-0.44	-0.14	CLDT
HT	0.27	0.06	0.23	-0.42	-0.14	-0.26		-0.19	-0.1	-0.19	HT
XHR	0.59	0.9	0.7	0.69	0.96	0.83	-0.19		-0.29	-0.01	XHR
AHT-PF	-0.79	-0.54	-0.76	0.3	-0.44	-0.44	-0.1	-0.29		0.29	AHT-PF
SHO-PH	-0.31	-0.27	-0.36	0.31	-0.06	-0.14	-0.19	-0.01	0.29		SHO-PH
	SHO	PEB	INN	RHP	DRH	CLDT	HT	XHR	AHT-PF	SHO-PH

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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

XHR	+ 0.96	DRH
DRH	+ 0.93	PEB
INN	+ 0.92	SHO
XHR	+ 0.9	PEB
INN	+ 0.87	PEB
CLDT	+ 0.83	DRH

High negative correlations

AHT-PF	- 0.79	SHO
AHT-PF	- 0.76	INN
AHT-PF	- 0.54	PEB
AHT-PF	- 0.44	CLDT
AHT-PF	- 0.44	DRH
HT	- 0.42	RHP

Risk-Adjusted Indicators

There is a big difference between RLJ Stock performing well and RLJ Lodging 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 RLJ Lodging'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
SHO	1.14	0.21	0.14	0.25	1.20	(1.27)	2.54	(2.64)	12.79
PEB	1.52	0.14	0.07	0.12	2.00	(1.75)	3.93	(3.00)	14.89
INN	1.39	0.07	0.04	0.09	1.54	(1.70)	2.47	(3.01)	10.67
RHP	0.94	(0.08)	0.00	(0.05)	0.00	0.00	1.69	(1.69)	10.12
DRH	1.07	0.01	0.01	0.03	1.57	(1.08)	2.13	(1.97)	11.72
CLDT	1.40	0.08	0.04	0.20	1.70	(1.64)	3.33	(2.62)	14.63
HT	1.39	(0.09)	0.00	(4.47)	0.00	0.00	3.28	(2.58)	9.17
XHR	1.14	0.02	0.02	0.04	1.50	(1.32)	2.08	(2.01)	12.22
AHT-PF	1.88	0.03	0.00	0.13	2.53	(2.82)	4.61	(4.43)	16.49
SHO-PH	0.98	(0.08)	0.00	(0.28)	0.00	0.00	2.21	(2.10)	6.52

RLJ Lodging Corporate Management

Evan Bayh	Independent Trustee	Profile
Robin Zeigler	Independent Trustee	Profile
Patricia Gibson	Independent Trustees	Profile
Anita Wells	Senior Administration	Profile
Robert McCarthy	Independent Trustee	Profile

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