Sunstone Hotel Correlations
| SHO-PH Preferred Stock | 21.15 0.10 0.47% |
The current 90-days correlation between Sunstone Hotel Investors and Sunstone Hotel Investors is 0.57 (i.e., Very weak diversification). The correlation of Sunstone 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.
Sunstone Hotel Correlation With Market
Average diversification
The correlation between Sunstone Hotel Investors and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sunstone Hotel Investors and DJI in the same portfolio, assuming nothing else is changed.
Sunstone |
The ability to find closely correlated positions to Sunstone 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 Sunstone 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 Sunstone 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 Sunstone Hotel Investors to buy it.
Moving together with Sunstone Preferred Stock
| 0.69 | INN-PF | Summit Hotel Properties Potential Growth | PairCorr |
| 0.77 | SHO-PI | Sunstone Hotel Investors | PairCorr |
| 0.8 | PEB-PF | Pebblebrook Hotel Trust | PairCorr |
| 0.73 | PEB-PG | Pebblebrook Hotel Trust | PairCorr |
| 0.77 | PEB-PE | Pebblebrook Hotel Trust | PairCorr |
| 0.73 | CLDT-PA | Chatham Lodging Trust | PairCorr |
| 0.78 | KW | Kennedy Wilson Holdings | PairCorr |
| 0.73 | UE | Urban Edge Properties | PairCorr |
| 0.72 | ADC-PA | Agree Realty | PairCorr |
| 0.68 | VNO-PO | Vornado Realty Trust | PairCorr |
Moving against Sunstone Preferred Stock
| 0.35 | RLJ-PA | RLJ Lodging Trust | PairCorr |
| 0.33 | AHT-PD | Ashford Hospitality Trust | PairCorr |
| 0.58 | DX | Dynex Capital | PairCorr |
| 0.4 | LB | LandBridge Company | PairCorr |
| 0.68 | MITT-PC | AG Mortgage Investment | PairCorr |
| 0.6 | CDR-PC | Cedar Realty Trust | PairCorr |
Related Correlations Analysis
| 0.37 | -0.08 | 0.25 | 0.35 | SHO-PI | ||
| 0.37 | 0.09 | 0.88 | -0.13 | PEB-PG | ||
| -0.08 | 0.09 | 0.26 | -0.14 | DRH-PA | ||
| 0.25 | 0.88 | 0.26 | -0.28 | PEB-PH | ||
| 0.35 | -0.13 | -0.14 | -0.28 | INN-PE | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Sunstone Preferred Stock performing well and Sunstone 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 Sunstone 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SHO-PI | 0.90 | (0.08) | 0.00 | (0.08) | 0.00 | 2.14 | 6.37 | |||
| PEB-PG | 0.99 | (0.19) | 0.00 | (0.34) | 0.00 | 2.63 | 5.61 | |||
| DRH-PA | 0.43 | (0.02) | (0.10) | (0.05) | 0.63 | 0.83 | 3.84 | |||
| PEB-PH | 1.14 | (0.23) | 0.00 | (0.35) | 0.00 | 2.11 | 7.73 | |||
| INN-PE | 0.63 | 0.01 | (0.06) | 0.12 | 0.86 | 1.22 | 4.50 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Sunstone Hotel 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?
Run Idea Optimizer Now
Idea OptimizerUse advanced portfolio builder with pre-computed micro ideas to build optimal portfolio |
| All Next | Launch Module |
Sunstone Hotel Corporate Management
| Christopher Ostapovicz | Ex COO | Profile | |
| Robert Springer | Pres Officer | Profile | |
| Bryan Giglia | Chief Officer | Profile | |
| Michael Harvey | VP Management | Profile | |
| Aaron Reyes | CFO VP | Profile | |
| David Horowitz | VP Management | Profile | |
| David Klein | Gen VP | Profile |