Correlation Analysis Between Hilton Worldwide and Hyatt Hotels

This module allows you to analyze existing cross correlation between Hilton Worldwide Holdings and Hyatt Hotels Corporation. You can compare the effects of market volatilities on Hilton Worldwide and Hyatt Hotels and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Hilton Worldwide with a short position of Hyatt Hotels. See also your portfolio center. Please also check ongoing floating volatility patterns of Hilton Worldwide and Hyatt Hotels.
Horizon     30 Days    Login   to change
Symbolsvs
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Comparative Performance

Hilton Worldwide Hol  
55

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Hilton Worldwide Holdings are ranked lower than 5 (%) of all global equities and portfolios over the last 30 days. In spite of comparatively fragile essential indicators, Hilton Worldwide may actually be approaching a critical reversion point that can send shares even higher in December 2019.
Hyatt Hotels  
33

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Hyatt Hotels Corporation are ranked lower than 3 (%) of all global equities and portfolios over the last 30 days. Despite nearly stable fundamental indicators, Hyatt Hotels is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to mid-run losses for the stockholder.

Hilton Worldwide and Hyatt Hotels Volatility Contrast

 Predicted Return Density 
      Returns 

Hilton Worldwide Holdings Inc  vs.  Hyatt Hotels Corp.

 Performance (%) 
      Timeline 

Pair Volatility

Considering 30-days investment horizon, Hilton Worldwide Holdings is expected to generate 1.07 times more return on investment than Hyatt Hotels. However, Hilton Worldwide is 1.07 times more volatile than Hyatt Hotels Corporation. It trades about 0.08 of its potential returns per unit of risk. Hyatt Hotels Corporation is currently generating about 0.05 per unit of risk. If you would invest  9,301  in Hilton Worldwide Holdings on October 15, 2019 and sell it today you would earn a total of  584.00  from holding Hilton Worldwide Holdings or generate 6.28% return on investment over 30 days.

Pair Corralation between Hilton Worldwide and Hyatt Hotels

0.75
Time Period3 Months [change]
DirectionPositive 
StrengthSignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for Hilton Worldwide and Hyatt Hotels

Hilton Worldwide Holdings Inc diversification synergy

Poor diversification

Overlapping area represents the amount of risk that can be diversified away by holding Hilton Worldwide Holdings Inc and Hyatt Hotels Corp. in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Hyatt Hotels and Hilton Worldwide is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Hilton Worldwide Holdings are associated (or correlated) with Hyatt Hotels. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Hyatt Hotels has no effect on the direction of Hilton Worldwide i.e. Hilton Worldwide and Hyatt Hotels go up and down completely randomly.
See also your portfolio center. Please also try Equity Valuation module to check real value of public entities based on technical and fundamental data.


 
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