Expedia Correlations
| EXPE Stock | USD 135.80 0.78 0.58% |
The correlation of Expedia 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 Expedia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Expedia Group 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.
Modest diversification
The correlation between Expedia Group and NYA is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Expedia Group and NYA in the same portfolio, assuming nothing else is changed.
Expedia |
The ability to find closely correlated positions to Expedia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Expedia 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 Expedia - 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 Expedia Group to buy it.
Moving together with Expedia Stock
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| 0.67 | LVWR | LiveWire Group | PairCorr |
Moving against Expedia Stock
| 0.74 | AMZN | Amazon Inc Earnings Call This Week | PairCorr |
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| 0.68 | AEO | American Eagle Outfitters Financial Report 22nd of May 2024 | PairCorr |
| 0.67 | GM | General Motors Sell-off Trend | PairCorr |
| 0.56 | BEDU | Bright Scholar Education | PairCorr |
| 0.55 | JMIA | Jumia Technologies Financial Report 28th of May 2024 | PairCorr |
| 0.54 | JD | JD Inc Adr Aggressive Push | PairCorr |
| 0.5 | BBY | Best Buy Financial Report 23rd of May 2024 | PairCorr |
| 0.49 | KB | KB Financial Group Earnings Call Today | PairCorr |
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in Expedia 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.Did you try this?
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Expedia Corporate Directors
Expedia corporate directors refer to members of an Expedia board of directors. The board of directors generally takes responsibility for the Expedia's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Expedia's board members must vote for the resolution. The Expedia board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| George Battle | Independent Director | Profile | |
| Scott Rudin | Director | Profile | |
| Jose Tazon | Independent Director | Profile | |
| Chelsea Clinton | Independent Director | Profile |
Already Invested in Expedia Group?
The danger of trading Expedia Group is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Expedia is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Expedia. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Expedia Group is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Expedia Group is a strong investment it is important to analyze Expedia's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Expedia's future performance. For an informed investment choice regarding Expedia Stock, refer to the following important reports: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Expedia Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Complementary Tools for Expedia Stock analysis
When running Expedia's price analysis, check to measure Expedia'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 Expedia is operating at the current time. Most of Expedia's value examination focuses on studying past and present price action to predict the probability of Expedia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Expedia's price. Additionally, you may evaluate how the addition of Expedia to your portfolios can decrease your overall portfolio volatility.
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Is Expedia's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Expedia. If investors know Expedia will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Expedia listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.17) | Earnings Share 5.31 | Revenue Per Share 88.565 | Quarterly Revenue Growth 0.103 | Return On Assets 0.0424 |
The market value of Expedia Group is measured differently than its book value, which is the value of Expedia that is recorded on the company's balance sheet. Investors also form their own opinion of Expedia's value that differs from its market value or its book value, called intrinsic value, which is Expedia's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Expedia's market value can be influenced by many factors that don't directly affect Expedia's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Expedia's value and its price as these two are different measures arrived at by different means. Investors typically determine if Expedia is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Expedia's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.