Hostelworld Group Related Correlations

HSW Stock  EUR 1.90  0.04  2.15%   
Generate correlation matrix for Hostelworld Group and other related equities to check the degree to which Hostelworld Group PLC price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Hostelworld Group PLC. To filter out specific equities, please toggle its corresponding legend item. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hostelworld Group PLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Specify up to 10 symbols:
Please note, there is a significant difference between Hostelworld Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hostelworld Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hostelworld Group'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.

Correlations

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
DHGGYQ
C5HBIRG
DQ7AGYQ
DQ7ADHG
8GWGYQ
8GWBIRG
  
High negative correlations   
DQ7AC5H
DQ7ABIRG
DHGBIRG
BIRGGYQ
DHGC5H
C5HGYQ

Risk-Adjusted Indicators

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