Accor SA Correlations

ACR Stock

EUR 45.96 0.05 0.11%

The current 90-days correlation between Accor SA and H World Group is -0.07 (i.e., Good diversification). The correlation of Accor SA 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.

Accor SA Correlation With Market

Modest diversification

The correlation between Accor SA and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Accor SA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Accor SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Accor SA 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 Accor SA - 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 Accor SA to buy it.

Moving together with Accor Stock

0.88	MAQ	Marriott International	Pair Corr
0.86	HI91	Hilton Worldwide Holdings	Pair Corr
0.82	1HTA	Hyatt Hotels	Pair Corr
0.89	IC1H	InterContinental Hotels	Pair Corr
0.91	IC1B	INTERCONT HOTELS	Pair Corr
0.99	ACR1	ACCOR SPADR NEW	Pair Corr
0.93	2WY	Wyndham Hotels Resorts	Pair Corr
0.81	CZH	Choice Hotels Intern	Pair Corr
0.85	QAN	Qantas Airways	Pair Corr
0.75	AF4	HANOVER INSURANCE	Pair Corr
0.84	EQN2	Equinix	Pair Corr
0.78	D2V	PARKEN Sport Enterta	Pair Corr
0.79	PCG6	PG E P6	Pair Corr
0.79	PPB	Flutter Entertainment PLC	Pair Corr
0.83	WX1	Acadia Realty Trust	Pair Corr
0.87	2T9A	TRAINLINE PLC LS	Pair Corr
0.8	HXL	Hexcel	Pair Corr
0.87	APC	Apple Inc	Pair Corr
0.72	SIX2	Sixt SE	Pair Corr
0.83	ADH2	Air Canada	Pair Corr
0.74	CQD	Charter Communications	Pair Corr
0.88	MSF	Microsoft	Pair Corr
0.75	FFH	Fifth Third Bancorp	Pair Corr
0.81	M5V	EHEALTH	Pair Corr

Moving against Accor Stock

0.84	SSU	Samsung Electronics	Pair Corr
0.84	SSU	Samsung Electronics	Pair Corr
0.83	SSUN	Samsung Electronics	Pair Corr
0.83	SSUN	Samsung Electronics	Pair Corr
0.37	CL4A	H World Group	Pair Corr
0.81	BYRA	PT Bank Rakyat	Pair Corr
0.66	TCID	Telkom Indonesia Tbk	Pair Corr

Related Correlations Analysis

	MAQ	HI91	CL4A	1HTA	IC1H	IC1B	ACR1	ACR	2WY	CZH
MAQ		0.99	-0.27	0.9	0.97	0.97	0.88	0.88	0.96	0.95	MAQ
HI91	0.99		-0.22	0.89	0.96	0.96	0.86	0.86	0.95	0.95	HI91
CL4A	-0.27	-0.22		-0.35	-0.38	-0.37	-0.38	-0.37	-0.39	-0.33	CL4A
1HTA	0.9	0.89	-0.35		0.91	0.89	0.83	0.82	0.87	0.81	1HTA
IC1H	0.97	0.96	-0.38	0.91		0.99	0.89	0.89	0.95	0.92	IC1H
IC1B	0.97	0.96	-0.37	0.89	0.99		0.91	0.91	0.96	0.93	IC1B
ACR1	0.88	0.86	-0.38	0.83	0.89	0.91		0.99	0.93	0.81	ACR1
ACR	0.88	0.86	-0.37	0.82	0.89	0.91	0.99		0.93	0.81	ACR
2WY	0.96	0.95	-0.39	0.87	0.95	0.96	0.93	0.93		0.94	2WY
CZH	0.95	0.95	-0.33	0.81	0.92	0.93	0.81	0.81	0.94		CZH
	MAQ	HI91	CL4A	1HTA	IC1H	IC1B	ACR1	ACR	2WY	CZH

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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

HI91	+ 0.99	MAQ
IC1B	+ 0.99	IC1H
ACR	+ 0.99	ACR1
IC1H	+ 0.97	MAQ
IC1B	+ 0.97	MAQ
2WY	+ 0.96	MAQ

High negative correlations

2WY	- 0.39	CL4A
ACR1	- 0.38	CL4A
IC1H	- 0.38	CL4A
ACR	- 0.37	CL4A
IC1B	- 0.37	CL4A
1HTA	- 0.35	CL4A

Risk-Adjusted Indicators

There is a big difference between Accor Stock performing well and Accor SA 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 Accor SA'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MAQ	1.10	0.29	0.22	0.38	0.90	(1.27)	2.61	(1.92)	8.92
HI91	0.99	0.22	0.18	0.33	0.93	(1.05)	1.94	(1.64)	6.97
CL4A	2.49	0.30	0.09	0.66	2.87	(2.81)	5.99	(4.37)	22.28
1HTA	1.41	0.10	0.05	0.11	1.79	(1.46)	2.97	(3.15)	8.21
IC1H	1.09	0.33	0.19	0.82	0.92	(1.59)	2.58	(1.94)	10.87
IC1B	1.32	0.37	0.18	0.81	1.27	(1.80)	2.61	(2.48)	14.21
ACR1	1.10	0.23	0.13	0.83	1.08	(1.50)	2.35	(2.29)	6.30
ACR	1.10	0.22	0.16	0.49	1.06	(1.30)	2.48	(2.20)	7.12
2WY	1.39	0.44	0.28	0.55	1.06	(1.95)	3.67	(2.38)	14.26
CZH	1.16	0.23	0.12	0.63	1.19	(1.62)	2.22	(2.92)	10.26

Be your own money manager

Our tools can tell you how much better you can do entering a position in Accor SA 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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Accor SA Corporate Management

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

Sebastien Bazin	Chairman CEO	Profile
Sami Nasser	East Middle	Profile
Floor Bleeker	Chief Officer	Profile
Arnaud Patat	VP HotelInvest	Profile
JeanJacques Morin	Deputy CFO	Profile
Charlotte Thouvard	VP Communications	Profile
Christian Flaesch	VP Security	Profile

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