Wyndham Hotels Correlations

0YTR Stock

97.86 0.11 0.11%

The current 90-days correlation between Wyndham Hotels Resorts and Intermediate Capital Group is 0.24 (i.e., Modest diversification). The correlation of Wyndham Hotels 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Wyndham Hotels Correlation With Market

Average diversification

The correlation between Wyndham Hotels Resorts and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wyndham Hotels Resorts and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Wyndham 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 Wyndham 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 Wyndham 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 Wyndham Hotels Resorts to buy it.

Moving together with Wyndham Stock

0.87	0K7U	News Corp Cl	Pair Corr
0.63	0KIT	Pinnacle West Capital	Pair Corr
0.93	0I9F	Digital Realty Trust	Pair Corr
0.84	DEC	Diversified Energy	Pair Corr

Moving against Wyndham Stock

0.78	0HRR	CVR Energy	Pair Corr
0.45	0IC8	Dollar Tree	Pair Corr

Related Correlations Analysis

	JD	ICG	CAU	0A1O	0HW4	OMIP	BOWL
JD		0.66	0.7	-0.85	-0.76	0.71	-0.27	JD
ICG	0.66		0.48	-0.31	-0.25	0.47	-0.22	ICG
CAU	0.7	0.48		-0.7	-0.49	0.8	-0.42	CAU
0A1O	-0.85	-0.31	-0.7		0.89	-0.71	0.3	0A1O
0HW4	-0.76	-0.25	-0.49	0.89		-0.6	0.16	0HW4
OMIP	0.71	0.47	0.8	-0.71	-0.6		-0.34	OMIP
BOWL	-0.27	-0.22	-0.42	0.3	0.16	-0.34		BOWL
	JD	ICG	CAU	0A1O	0HW4	OMIP	BOWL

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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

0HW4	+ 0.89	0A1O
OMIP	+ 0.8	CAU
OMIP	+ 0.71	JD
CAU	+ 0.7	JD
ICG	+ 0.66	JD
CAU	+ 0.48	ICG

High negative correlations

0A1O	- 0.85	JD
0HW4	- 0.76	JD
OMIP	- 0.71	0A1O
0A1O	- 0.7	CAU
OMIP	- 0.6	0HW4
0HW4	- 0.49	CAU

Risk-Adjusted Indicators

There is a big difference between Wyndham Stock performing well and Wyndham Hotels 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 Wyndham Hotels' 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
JD	1.99	(0.46)	0.00	(1.18)	0.00	0.00	3.63	(3.68)	19.69
ICG	1.42	0.00	(0.06)	0.08	2.06	(1.48)	2.56	(3.48)	11.69
CAU	1.17	(0.33)	0.00	0.57	0.00	0.00	2.08	(3.22)	22.96
0A1O	1.47	0.27	0.08	1.11	1.90	(1.57)	3.63	(2.65)	13.63
0HW4	1.57	0.30	0.04	(0.32)	1.72	(1.65)	3.72	(3.43)	16.45
OMIP	0.80	(0.03)	(0.02)	0.04	1.44	(6.66)	4.11	(2.67)	12.92
BOWL	0.99	(0.06)	0.00	0.70	0.00	0.00	2.13	(1.61)	5.39

Be your own money manager

Our tools can tell you how much better you can do entering a position in Wyndham 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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Wyndham Hotels Corporate Management

Elected by the shareholders, the Wyndham Hotels' board of directors comprises two types of representatives: Wyndham Hotels inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Wyndham. The board's role is to monitor Wyndham Hotels' management team and ensure that shareholders' interests are well served. Wyndham Hotels' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Wyndham Hotels' outside directors are responsible for providing unbiased perspectives on the board's policies.

Shilpan Patel	Executive Operations	Profile
Michele Allen	Chief Officer	Profile
Nicola Rossi	Chief Officer	Profile
Dimitris Manikis	Middle Europe	Profile
David DeCecco	Group Communications	Profile
Monica Melancon	Chief Officer	Profile

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