Ashford Hospitality Trust Preferred Stock Market Value
| AHT-PI Preferred Stock | USD 13.23 0.40 2.93% |
| Symbol | Ashford |
Ashford Hospitality 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Ashford Hospitality's preferred stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Ashford Hospitality.
| 05/24/2023 |
| 04/18/2024 |
If you would invest 0.00 in Ashford Hospitality on May 24, 2023 and sell it all today you would earn a total of 0.00 from holding Ashford Hospitality Trust or generate 0.0% return on investment in Ashford Hospitality over 330 days. Ashford Hospitality is related to or competes with Braemar Hotels, and Braemar Hotels. Ashford Hospitality Trust is a real estate investment trust focused on investing opportunistically in the hospitality in... More
Ashford Hospitality Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Ashford Hospitality's preferred stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Ashford Hospitality Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.8 | |||
| Information Ratio | 0.0712 | |||
| Maximum Drawdown | 16.93 | |||
| Value At Risk | (6.33) | |||
| Potential Upside | 5.9 |
Ashford Hospitality Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ashford Hospitality's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ashford Hospitality's standard deviation. In reality, there are many statistical measures that can use Ashford Hospitality historical prices to predict the future Ashford Hospitality's volatility.| Risk Adjusted Performance | 0.063 | |||
| Jensen Alpha | 0.2759 | |||
| Total Risk Alpha | 0.0422 | |||
| Sortino Ratio | 0.0661 | |||
| Treynor Ratio | 0.6564 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ashford Hospitality's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Ashford Hospitality Trust Backtested Returns
Ashford Hospitality appears to be somewhat reliable, given 3 months investment horizon. Ashford Hospitality Trust secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Ashford Hospitality Trust, which you can use to evaluate the volatility of the firm. Please makes use of Ashford Hospitality's mean deviation of 2.45, and Risk Adjusted Performance of 0.063 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ashford Hospitality holds a performance score of 9. The firm shows a Beta (market volatility) of 0.45, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Ashford Hospitality's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ashford Hospitality is expected to be smaller as well. Please check Ashford Hospitality's maximum drawdown, skewness, and the relationship between the total risk alpha and downside variance , to make a quick decision on whether Ashford Hospitality's price patterns will revert.
Auto-correlation | -0.64 |
Very good reverse predictability
Ashford Hospitality Trust has very good reverse predictability. Overlapping area represents the amount of predictability between Ashford Hospitality time series from 24th of May 2023 to 5th of November 2023 and 5th of November 2023 to 18th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Ashford Hospitality Trust price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Ashford Hospitality price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 2.53 |
Ashford Hospitality Trust lagged returns against current returns
Autocorrelation, which is Ashford Hospitality preferred stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Ashford Hospitality's preferred stock expected returns. We can calculate the autocorrelation of Ashford Hospitality returns to help us make a trade decision. For example, suppose you find that Ashford Hospitality has exhibited high autocorrelation historically, and you observe that the preferred stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Ashford Hospitality regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Ashford Hospitality preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ashford Hospitality preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ashford Hospitality preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Ashford Hospitality Lagged Returns
When evaluating Ashford Hospitality's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ashford Hospitality preferred stock have on its future price. Ashford Hospitality autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Ashford Hospitality autocorrelation shows the relationship between Ashford Hospitality preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Ashford Hospitality Trust.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Ashford Hospitality in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Ashford Hospitality's short interest history, or implied volatility extrapolated from Ashford Hospitality options trading.
Pair Trading with Ashford Hospitality
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ashford Hospitality position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ashford Hospitality will appreciate offsetting losses from the drop in the long position's value.Moving together with Ashford Preferred Stock
| 0.91 | AHT-PH | Ashford Hospitality Trust | PairCorr |
| 0.91 | AHT-PD | Ashford Hospitality Trust | PairCorr |
| 0.93 | AHT-PF | Ashford Hospitality Trust | PairCorr |
Moving against Ashford Preferred Stock
| 0.79 | CLDT | Chatham Lodging Trust Financial Report 2nd of May 2024 | PairCorr |
| 0.68 | BHR-PD | Braemar Hotels Resorts | PairCorr |
| 0.46 | O | Realty me Corp Financial Report 1st of May 2024 | PairCorr |
The ability to find closely correlated positions to Ashford Hospitality could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ashford Hospitality 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 Ashford Hospitality - 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 Ashford Hospitality Trust to buy it.
The correlation of Ashford Hospitality 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ashford Hospitality moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ashford Hospitality Trust moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ashford Hospitality can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Ashford Hospitality Correlation, Ashford Hospitality Volatility and Ashford Hospitality Alpha and Beta module to complement your research on Ashford Hospitality. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Complementary Tools for Ashford Preferred Stock analysis
When running Ashford Hospitality's price analysis, check to measure Ashford Hospitality's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ashford Hospitality is operating at the current time. Most of Ashford Hospitality's value examination focuses on studying past and present price action to predict the probability of Ashford Hospitality's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ashford Hospitality's price. Additionally, you may evaluate how the addition of Ashford Hospitality to your portfolios can decrease your overall portfolio volatility.
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity |
Ashford Hospitality technical preferred stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, preferred stock market cycles, or different charting patterns.