Correlation Analysis Between Marriott International and Hyatt Hotels

This module allows you to analyze existing cross correlation between Marriott International and Hyatt Hotels Corporation. You can compare the effects of market volatilities on Marriott International 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 Marriott International with a short position of Hyatt Hotels. See also your portfolio center. Please also check ongoing floating volatility patterns of Marriott International and Hyatt Hotels.
Horizon     30 Days    Login   to change
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Comparative Performance

Marriott International  
44

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Marriott International are ranked lower than 4 (%) of all global equities and portfolios over the last 30 days. In defiance of relatively invariable forward-looking signals, Marriott International is not utilizing all of its potentials. The prevalent stock price agitation, may contribute to short term losses for the management.
Hyatt Hotels  
66

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Hyatt Hotels Corporation are ranked lower than 6 (%) of all global equities and portfolios over the last 30 days. Despite nearly fragile fundamental indicators, Hyatt Hotels may actually be approaching a critical reversion point that can send shares even higher in December 2019.

Marriott International and Hyatt Hotels Volatility Contrast

 Predicted Return Density 
      Returns 

Marriott International  vs.  Hyatt Hotels Corp.

 Performance (%) 
      Timeline 

Pair Volatility

Considering 30-days investment horizon, Marriott International is expected to generate 1.34 times less return on investment than Hyatt Hotels. In addition to that, Marriott International is 1.02 times more volatile than Hyatt Hotels Corporation. It trades about 0.07 of its total potential returns per unit of risk. Hyatt Hotels Corporation is currently generating about 0.1 per unit of volatility. If you would invest  7,363  in Hyatt Hotels Corporation on October 20, 2019 and sell it today you would earn a total of  562.00  from holding Hyatt Hotels Corporation or generate 7.63% return on investment over 30 days.

Pair Corralation between Marriott International and Hyatt Hotels

0.89
Time Period3 Months [change]
DirectionPositive 
StrengthStrong
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for Marriott International and Hyatt Hotels

Marriott International diversification synergy

Very poor diversification

Overlapping area represents the amount of risk that can be diversified away by holding Marriott International and Hyatt Hotels Corp. in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Hyatt Hotels and Marriott International 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 Marriott International 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 Marriott International i.e. Marriott International and Hyatt Hotels go up and down completely randomly.
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