Chatham Lodging Trust Stock Market Value
| CLDT Stock | USD 8.77 0.09 1.02% |
| Symbol | Chatham |
Chatham Lodging Trust Price To Book Ratio
Is Chatham Lodging'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 Chatham Lodging. If investors know Chatham 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 Chatham Lodging 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 (0.48) | Dividend Share 0.28 | Earnings Share (0.12) | Revenue Per Share 6.36 | Quarterly Revenue Growth 0.014 |
The market value of Chatham Lodging Trust is measured differently than its book value, which is the value of Chatham that is recorded on the company's balance sheet. Investors also form their own opinion of Chatham Lodging's value that differs from its market value or its book value, called intrinsic value, which is Chatham Lodging'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 Chatham Lodging's market value can be influenced by many factors that don't directly affect Chatham Lodging'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 Chatham Lodging's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chatham Lodging is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chatham Lodging'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.
Chatham Lodging 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Chatham Lodging's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Chatham Lodging.
| 02/23/2024 |
| 05/23/2024 |
If you would invest 0.00 in Chatham Lodging on February 23, 2024 and sell it all today you would earn a total of 0.00 from holding Chatham Lodging Trust or generate 0.0% return on investment in Chatham Lodging over 90 days. Chatham Lodging is related to or competes with RLJ Lodging, Pebblebrook Hotel, and Sunstone Hotel. Chatham Lodging Trust is a self-advised, publicly traded real estate investment trust focused primarily on investing in ... More
Chatham Lodging Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Chatham Lodging's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Chatham Lodging Trust upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 6.71 | |||
| Value At Risk | (2.55) | |||
| Potential Upside | 2.11 |
Chatham Lodging Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chatham Lodging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chatham Lodging's standard deviation. In reality, there are many statistical measures that can use Chatham Lodging historical prices to predict the future Chatham Lodging's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (0.20) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Chatham Lodging's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Chatham Lodging Trust Backtested Returns
Chatham Lodging Trust secures Sharpe Ratio (or Efficiency) of -0.17, which signifies that the company had a -0.17% return per unit of standard deviation over the last 3 months. Chatham Lodging Trust exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chatham Lodging's mean deviation of 1.17, and Risk Adjusted Performance of (0.09) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.21, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Chatham Lodging will likely underperform. Chatham Lodging Trust has an expected return of -0.25%. Please make sure to confirm Chatham Lodging Trust potential upside, and the relationship between the jensen alpha and rate of daily change , to decide if Chatham Lodging Trust performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.58 |
Modest predictability
Chatham Lodging Trust has modest predictability. Overlapping area represents the amount of predictability between Chatham Lodging time series from 23rd of February 2024 to 8th of April 2024 and 8th of April 2024 to 23rd of May 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Chatham Lodging Trust price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Chatham Lodging price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Chatham Lodging Trust lagged returns against current returns
Autocorrelation, which is Chatham Lodging stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Chatham Lodging's stock expected returns. We can calculate the autocorrelation of Chatham Lodging returns to help us make a trade decision. For example, suppose you find that Chatham Lodging has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Chatham Lodging regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Chatham Lodging stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chatham Lodging stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chatham Lodging stock over time.
Current vs Lagged Prices |
| Timeline |
Chatham Lodging Lagged Returns
When evaluating Chatham Lodging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chatham Lodging stock have on its future price. Chatham Lodging autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Chatham Lodging autocorrelation shows the relationship between Chatham Lodging stock current value and its past values and can show if there is a momentum factor associated with investing in Chatham Lodging Trust.
Regressed Prices |
| Timeline |
Pair Trading with Chatham Lodging
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Chatham Lodging position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Chatham Lodging will appreciate offsetting losses from the drop in the long position's value.Moving together with Chatham Stock
| 0.87 | FR | First Industrial Realty | PairCorr |
Moving against Chatham Stock
| 0.86 | ELME | Elme Communities | PairCorr |
| 0.84 | AVB | AvalonBay Communities | PairCorr |
| 0.79 | HR | Healthcare Realty Trust | PairCorr |
| 0.76 | EPRT | Essential Properties | PairCorr |
| 0.74 | BDN | Brandywine Realty Trust | PairCorr |
The ability to find closely correlated positions to Chatham Lodging could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chatham Lodging 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 Chatham Lodging - 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 Chatham Lodging Trust to buy it.
The correlation of Chatham Lodging 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 Chatham Lodging moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chatham Lodging Trust 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.
Correlation analysis and pair trading evaluation for Chatham Lodging can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Chatham Lodging Correlation, Chatham Lodging Volatility and Chatham Lodging Alpha and Beta module to complement your research on Chatham Lodging. Note that the Chatham Lodging Trust information on this page should be used as a complementary analysis to other Chatham Lodging's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Complementary Tools for Chatham Stock analysis
When running Chatham Lodging's price analysis, check to measure Chatham Lodging'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 Chatham Lodging is operating at the current time. Most of Chatham Lodging's value examination focuses on studying past and present price action to predict the probability of Chatham Lodging's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chatham Lodging's price. Additionally, you may evaluate how the addition of Chatham Lodging to your portfolios can decrease your overall portfolio volatility.
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Chatham Lodging technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.