Braemar Hotels Correlations

Preferred Stocks . USA . 
Preferred Stock . Braemar Hotels Resorts
BHR-PB Preferred Stock  USD 14.56  0.26  1.82%   
The current 90-days correlation between Braemar Hotels Resorts and Ashford Hospitality Trust is 0.04 (i.e., Significant diversification). The correlation of Braemar 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.

Braemar Hotels Correlation With Market

Average diversification

The correlation between Braemar Hotels Resorts and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Braemar Hotels Resorts and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Braemar 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 Braemar 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 Braemar 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 Braemar Hotels Resorts to buy it.

Moving together with Braemar Preferred Stock

  0.69INN-PF Summit Hotel PropertiesPairCorr
  0.89BHR-PD Braemar Hotels ResortsPairCorr
  0.8SHO-PI Sunstone Hotel InvestorsPairCorr
  0.68SHO-PH Sunstone Hotel InvestorsPairCorr
  0.77DRH-PA DiamondRock HospitalityPairCorr
  0.65PEB-PH Pebblebrook Hotel TrustPairCorr
  0.71PEB-PF Pebblebrook Hotel TrustPairCorr
  0.71CLDT-PA Chatham Lodging TrustPairCorr
  0.63VNO-PM Vornado Realty TrustPairCorr
  0.62VNO-PN Vornado Realty TrustPairCorr
  0.71VNO-PO Vornado Realty TrustPairCorr
  0.84MITT-PA AG Mortgage InvestmentPairCorr

Moving against Braemar Preferred Stock

  0.79AHT-PF Ashford Hospitality TrustPairCorr
  0.72AHT-PH Ashford Hospitality TrustPairCorr
  0.67AHT-PI Ashford Hospitality TrustPairCorr
  0.64AHT-PG Ashford Hospitality TrustPairCorr
  0.54FR First Industrial RealtyPairCorr
  0.5AHT-PD Ashford Hospitality TrustPairCorr
  0.68RC Ready Capital CorpPairCorr
  0.65UK Ucommune InternationalPairCorr
  0.48ELME Elme CommunitiesPairCorr
  0.46ECRO Ecc Cap CorpPairCorr
  0.44VICI VICI PropertiesPairCorr
  0.43VTMX Corporacin InmobiliariaPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Braemar Preferred Stock performing well and Braemar 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 Braemar 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.

Be your own money manager

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

Jordan JenningsMa RelationsProfile
James JDAssociate CounselProfile
Mark NunneleyChief OfficerProfile
Alex RoseGen VPProfile
CFA CFACFO TreasurerProfile
Richard StocktonCEO PresProfile
Montgomery IVFounder ChairmanProfile
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