Xenia Hotels Correlations

XHR Stock

USD 15.07 0.24 1.62%

The current 90-days correlation between Xenia Hotels Resorts and RLJ Lodging Trust is 0.79 (i.e., Poor diversification). The correlation of Xenia 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Xenia Hotels Correlation With Market

Modest diversification

The correlation between Xenia Hotels Resorts and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xenia Hotels Resorts and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xenia Hotels Resorts. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Xenia Stock

0.66	BDN	Brandywine Realty Trust Earnings Call This Week	Pair Corr
0.7	DEI	Douglas Emmett Earnings Call This Week	Pair Corr
0.95	DRH	Diamondrock Hospitality	Pair Corr
0.84	PEB	Pebblebrook Hotel Trust Sell-off Trend	Pair Corr
0.78	RLJ	RLJ Lodging Trust	Pair Corr
0.67	VNO	Vornado Realty Trust	Pair Corr
0.9	CLDT	Chatham Lodging Trust	Pair Corr
0.88	PK	Park Hotels Resorts	Pair Corr
0.65	RC	Ready Capital Corp	Pair Corr

Moving against Xenia Stock

0.53	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.33	CDR-PC	Cedar Realty Trust	Pair Corr

Related Correlations Analysis

	RLJ	SHO	PEB	INN	RHP	DRH	RLJ-PA	CLDT	HT
RLJ		0.73	0.87	0.86	0.24	0.84	-0.19	0.86	0.0	RLJ
SHO	0.73		0.74	0.89	-0.27	0.59	0.22	0.45	0.0	SHO
PEB	0.87	0.74		0.82	0.32	0.88	0.0	0.78	0.0	PEB
INN	0.86	0.89	0.82		-0.12	0.69	0.13	0.58	0.0	INN
RHP	0.24	-0.27	0.32	-0.12		0.53	-0.48	0.58	0.0	RHP
DRH	0.84	0.59	0.88	0.69	0.53		-0.3	0.9	0.0	DRH
RLJ-PA	-0.19	0.22	0.0	0.13	-0.48	-0.3		-0.44	0.0	RLJ-PA
CLDT	0.86	0.45	0.78	0.58	0.58	0.9	-0.44		0.0	CLDT
HT	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		HT
	RLJ	SHO	PEB	INN	RHP	DRH	RLJ-PA	CLDT	HT

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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

CLDT	+ 0.9	DRH
INN	+ 0.89	SHO
DRH	+ 0.88	PEB
PEB	+ 0.87	RLJ
INN	+ 0.86	RLJ
CLDT	+ 0.86	RLJ

High negative correlations

RLJ-PA	- 0.48	RHP
CLDT	- 0.44	RLJ-PA
RLJ-PA	- 0.3	DRH
RHP	- 0.27	SHO
RLJ-PA	- 0.19	RLJ
RHP	- 0.12	INN

Risk-Adjusted Indicators

There is a big difference between Xenia Stock performing well and Xenia 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 Xenia 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
RLJ	1.20	0.19	0.08	0.53	1.46	(1.29)	2.87	(2.35)	10.47
SHO	1.16	0.18	0.09	0.42	1.23	(1.21)	2.54	(2.64)	12.79
PEB	1.40	0.14	0.06	0.28	1.84	(1.62)	3.93	(2.97)	14.89
INN	1.36	0.17	0.07	0.74	1.28	(1.72)	2.70	(2.59)	10.67
RHP	1.05	(0.05)	0.00	(0.03)	0.00	0.00	1.71	(1.72)	10.12
DRH	1.04	0.05	0.00	0.19	1.47	(1.08)	2.13	(1.93)	11.72
RLJ-PA	0.35	(0.02)	0.00	(0.16)	0.00	0.00	0.68	(0.69)	2.27
CLDT	1.40	0.16	0.07	0.40	1.48	(1.76)	3.33	(2.62)	14.63
HT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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