| UF2 Stock | | | EUR 10.90 0.20 1.80% |
The current 90-days correlation between Sunstone Hotel Investors and Xenia Hotels Resorts is 0.11 (i.e., Average 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
Good diversification
The correlation between Sunstone Hotel Investors and DJI is -0.03 (i.e., Good 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.
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 Stock
Moving against Sunstone Stock
Related Correlations Analysis
Risk-Adjusted IndicatorsThere is a big difference between Sunstone 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.
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.
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Sunstone Hotel Corporate Management
Elected by the shareholders, the Sunstone Hotel's board of directors comprises two types of representatives: Sunstone Hotel inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sunstone. The board's role is to monitor Sunstone Hotel's management team and ensure that shareholders' interests are well served. Sunstone Hotel'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, Sunstone Hotel's outside directors are responsible for providing unbiased perspectives on the board's policies.