Hyatt Hotels Correlations

H
 Stock
  

USD 99.63  1.30  1.29%   

The correlation of Hyatt Hotels is a statistical measure of how it moves in relation to other equities. 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 Hyatt Hotels moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hyatt Hotels 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.
Please check Risk vs Return Analysis.
  
The ability to find closely correlated positions to Hyatt Hotels could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hyatt Hotels 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 Hyatt Hotels - 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 Hyatt Hotels to buy it.

Moving together with Hyatt Hotels

+0.93BYDBoyd GamingPairCorr
+0.88CHDNChurchill Downs IncoPairCorr
+0.92CZRCaesars EntertainmentPairCorr
+0.8DPZDominos PizzaPairCorr
+0.78DRIDarden RestaurantsPairCorr
+0.97HLTHilton Worldwide HoldingsPairCorr
+0.65LOCOEl Pollo LocoPairCorr
+0.94MARMarriott InternationalPairCorr
+0.86MCDMcDonaldsPairCorr
+0.91MGMMGM Resorts InternationalPairCorr
+0.78MTNVail ResortsPairCorr
+0.77NCLHNorwegian Cruise LinePairCorr
+0.86PENNPenn National GamingPairCorr
+0.87PLNTPlanet FitnessPairCorr
+0.89QSRRestaurant BrandsPairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
BUDBUDFF
LINBUDFF
BUDLIN
GELIN
BABUD
BAGE
  

Hyatt Hotels Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Hyatt Stock performing well and Hyatt Hotels company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Hyatt Hotels' multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean
Deviation
Jensen
Alpha
Sortino
Ratio
Treynor
Ratio
Semi
Deviation
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
BUDFF 1.45  0.22  0.10  0.42  1.53  0.1 (1.64)  3.65 (2.86)  7.80 
ETSY 3.32  0.31  0.10  0.30  3.73  0.09 (3.54)  6.13 (6.32)  20.97 
LIN 1.37  0.16  0.11  0.28  1.22  0.09 (1.61)  3.81 (2.02)  7.54 
BUD 1.51  0.19  0.11  0.32  1.56  0.1 (1.82)  3.45 (2.77)  8.01 
JNJ 0.83  0.11  0.03  0.44  0.95  0.0348 (0.85)  1.78 (1.57)  5.47 
AXP 1.77 (0.10) (0.03)  0.04  1.82 (0.0296) (2.14)  3.88 (3.11)  8.22 
INTC 1.99 (0.24)  0.00 (0.05)  0.00 (0.06)  0.00  4.33 (3.46)  14.49 
GE 1.49  0.08  0.05  0.19  1.76  0.0446 (1.61)  3.43 (2.68)  9.22 
BA 2.10  0.02  0.01  0.13  3.15  0.014 (1.93)  4.65 (5.37)  14.69 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Hyatt Hotels 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.

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Hyatt Hotels Corporate Directors

Hyatt Hotels corporate directors refer to members of a Hyatt Hotels board of directors. The board of directors generally takes responsibility for the Hyatt Hotels' 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 Hyatt Hotels' board members must vote for the resolution. The Hyatt Hotels board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
William Wrigley - DirectorProfile
Cary McMillan - Independent DirectorProfile
Richard Friedman - Independent DirectorProfile
Paul Ballew - Independent DirectorProfile

Invested in Hyatt Hotels?

The danger of trading Hyatt Hotels 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 Hyatt Hotels 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 Hyatt Hotels. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Hyatt Hotels 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.
Please check Risk vs Return Analysis. Note that the Hyatt Hotels information on this page should be used as a complementary analysis to other Hyatt Hotels' 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 Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

Complementary Tools for Hyatt Stock analysis

When running Hyatt Hotels price analysis, check to measure Hyatt Hotels' 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 Hyatt Hotels is operating at the current time. Most of Hyatt Hotels' value examination focuses on studying past and present price action to predict the probability of Hyatt Hotels' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Hyatt Hotels' price. Additionally, you may evaluate how the addition of Hyatt Hotels to your portfolios can decrease your overall portfolio volatility.
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Is Hyatt Hotels' 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 Hyatt Hotels. If investors know Hyatt 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 Hyatt Hotels 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 YOY
(0.78) 
Market Capitalization
10.7 B
Quarterly Revenue Growth YOY
1.12
Return On Assets
0.0178
Return On Equity
0.0375
The market value of Hyatt Hotels is measured differently than its book value, which is the value of Hyatt that is recorded on the company's balance sheet. Investors also form their own opinion of Hyatt Hotels' value that differs from its market value or its book value, called intrinsic value, which is Hyatt Hotels' 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 Hyatt Hotels' market value can be influenced by many factors that don't directly affect Hyatt Hotels' 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 Hyatt Hotels' value and its price as these two are different measures arrived at by different means. Investors typically determine Hyatt Hotels value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hyatt Hotels' 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.