Airbnb Correlations

Stocks . USA . 
Stock . Airbnb Inc
ABNB Stock  USD 136.11  2.17  1.57%   
The current 90-days correlation between Airbnb Inc and Norwegian Cruise Line is 0.19 (i.e., Average diversification). The correlation of Airbnb 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.

Airbnb Correlation With Market

Weak diversification

The correlation between Airbnb Inc and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Airbnb Inc and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Airbnb Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Airbnb Stock

  0.86SG SweetgreenPairCorr
  0.83EVRI Everi HoldingsPairCorr
  0.78EXPE Expedia GroupPairCorr
  0.86AGS PlayAGSPairCorr
  0.83CCL Carnival Fiscal Year End 19th of December 2024 PairCorr
  0.75CMG Chipotle Mexican Grill Aggressive PushPairCorr
  0.63DPZ Dominos PizzaPairCorr
  0.61DRI Darden RestaurantsPairCorr
  0.8RCL Royal Caribbean CruisesPairCorr
  0.78VIK Viking HoldingsPairCorr
  0.8WEN The WendysPairCorr
  0.8YUMC Yum China HoldingsPairCorr
  0.64INSE Inspired EntertainmentPairCorr
  0.87NCLH Norwegian Cruise Line Sell-off TrendPairCorr
  0.77PLAY Dave Busters Enterta Earnings Call TomorrowPairCorr
  0.79SHAK Shake ShackPairCorr
  0.78BKNG Booking HoldingsPairCorr
  0.74CAKE The Cheesecake FactoryPairCorr

Moving against Airbnb Stock

  0.63IGT International GamePairCorr
  0.59LNW Light WonderPairCorr
  0.47WING WingstopPairCorr
  0.76MOND Mondee HoldingsPairCorr
  0.63ARKR Ark Restaurants CorpPairCorr
  0.35YTRA Yatra OnlinePairCorr
  0.63TH Target Hospitality CorpPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Airbnb Stock performing well and Airbnb 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 Airbnb'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.

Airbnb Corporate Management

Tara BunchGlobal OperationsProfile
Brian CheskyCEO, CoFounderProfile
Aristotle BaloghChief OfficerProfile
David BernsteinChief OfficerProfile
Hiroki AsaiGlobal MarketingProfile
David StephensonChief ExperienceProfile
Nathan BlecharczykChief CoFounderProfile
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