SINCLAIRS HOTELS Correlations
| SINCLAIR | 88.80 0.69 0.78% |
The current 90-days correlation between SINCLAIRS HOTELS ORD and The Indian Hotels is 0.16 (i.e., Average diversification). The correlation of SINCLAIRS 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.
SINCLAIRS HOTELS Correlation With Market
Significant diversification
The correlation between SINCLAIRS HOTELS ORD and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SINCLAIRS HOTELS ORD and DJI in the same portfolio, assuming nothing else is changed.
SINCLAIRS |
The ability to find closely correlated positions to SINCLAIRS 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 SINCLAIRS 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 SINCLAIRS 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 SINCLAIRS HOTELS ORD to buy it.
Moving together with SINCLAIRS Stock
| 0.79 | LEMONTREE | Lemon Tree Hotels | PairCorr |
| 0.87 | JUNIPER | Juniper Hotels | PairCorr |
| 0.96 | ITDC | India Tourism Development | PairCorr |
| 0.87 | SAMHI | Samhi Hotels Limited | PairCorr |
| 0.94 | PARKHOTELS | Apeejay Surrendra Park | PairCorr |
| 0.81 | EIHAHOTELS | EIH Associated Hotels | PairCorr |
| 0.94 | LICI | Life Insurance | PairCorr |
| 0.87 | RELIANCE | Reliance Industries Split | PairCorr |
Moving against SINCLAIRS Stock
| 0.81 | RAINBOW | Rainbow Childrens | PairCorr |
| 0.8 | FORTIS | Fortis Healthcare | PairCorr |
| 0.71 | JSWHL | JSW Holdings Limited | PairCorr |
| 0.69 | HDFCBANK | HDFC Bank Limited | PairCorr |
| 0.65 | ORIENTHOT | Oriental Hotels | PairCorr |
| 0.59 | INDHOTEL | Indian Hotels | PairCorr |
| 0.47 | ICICIBANK | ICICI Bank Limited | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between SINCLAIRS Stock performing well and SINCLAIRS 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 SINCLAIRS HOTELS'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| INDHOTEL | 1.58 | 0.40 | 0.16 | (7.50) | 1.30 | 4.35 | 9.41 | |||
| CHALET | 1.61 | 0.18 | 0.04 | 1.15 | 1.62 | 3.62 | 11.29 | |||
| LEMONTREE | 1.24 | (0.09) | 0.00 | (1.89) | 0.00 | 2.73 | 9.41 | |||
| JUNIPER | 1.57 | (0.37) | 0.00 | (0.71) | 0.00 | 3.52 | 9.07 | |||
| ITDC | 1.66 | (0.38) | 0.00 | 3.68 | 0.00 | 2.96 | 10.36 | |||
| SAMHI | 1.43 | (0.19) | 0.00 | 11.72 | 0.00 | 2.42 | 10.12 | |||
| PARKHOTELS | 1.39 | (0.28) | 0.00 | 7.15 | 0.00 | 3.28 | 9.45 | |||
| ORIENTHOT | 2.49 | 0.46 | 0.11 | (0.78) | 2.28 | 7.41 | 19.52 | |||
| EIHAHOTELS | 1.68 | (0.14) | 0.00 | (2.30) | 0.00 | 3.88 | 12.15 | |||
| TAJGVK | 1.70 | 0.02 | (0.02) | 0.15 | 1.78 | 4.51 | 11.81 |
Be your own money manager
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SINCLAIRS HOTELS Corporate Executives
Elected by the shareholders, the SINCLAIRS HOTELS's board of directors comprises two types of representatives: SINCLAIRS HOTELS inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SINCLAIRS. The board's role is to monitor SINCLAIRS HOTELS's management team and ensure that shareholders' interests are well served. SINCLAIRS HOTELS's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, SINCLAIRS HOTELS's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Swajib Chatterjee | COO Manager | Profile |