Hersha Hospitality Correlations

Summary

HTDelisted Stock

USD 6.11 0.01 0.16%

The current 90-days correlation between Hersha Hospitality Trust and Summit Hotel Properties is 0.2 (i.e., Modest diversification). The correlation of Hersha Hospitality 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.

Hersha Hospitality Correlation With Market

Modest diversification

The correlation between Hersha Hospitality Trust and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hersha Hospitality Trust and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving against Hersha Stock

0.53	PTAIY	Astra International Tbk	Pair Corr
0.43	OPINL	Office Properties Income	Pair Corr
0.43	PBCRY	Bank Central Asia	Pair Corr
0.36	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr

Related Correlations Analysis

	RLJ	SHO	PEB	INN	RHP	DRH	CLDT	XHR	RLJ-PA
RLJ		0.68	0.6	0.32	0.71	0.79	0.96	0.74	-0.43	RLJ
SHO	0.68		0.63	0.45	0.71	0.84	0.68	0.82	0.15	SHO
PEB	0.6	0.63		0.77	0.23	0.4	0.6	0.42	0.1	PEB
INN	0.32	0.45	0.77		0.11	0.24	0.33	0.35	0.36	INN
RHP	0.71	0.71	0.23	0.11		0.91	0.69	0.94	-0.09	RHP
DRH	0.79	0.84	0.4	0.24	0.91		0.81	0.94	-0.11	DRH
CLDT	0.96	0.68	0.6	0.33	0.69	0.81		0.74	-0.34	CLDT
XHR	0.74	0.82	0.42	0.35	0.94	0.94	0.74		0.03	XHR
RLJ-PA	-0.43	0.15	0.1	0.36	-0.09	-0.11	-0.34	0.03		RLJ-PA
	RLJ	SHO	PEB	INN	RHP	DRH	CLDT	XHR	RLJ-PA

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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

CLDT	+ 0.96	RLJ
XHR	+ 0.94	RHP
XHR	+ 0.94	DRH
DRH	+ 0.91	RHP
DRH	+ 0.84	SHO
XHR	+ 0.82	SHO

High negative correlations

RLJ-PA	- 0.43	RLJ
RLJ-PA	- 0.34	CLDT
RLJ-PA	- 0.11	DRH
RLJ-PA	- 0.09	RHP

Risk-Adjusted Indicators

There is a big difference between Hersha Stock performing well and Hersha Hospitality 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 Hersha Hospitality'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
RLJ	1.15	0.02	0.03	0.15	1.21	(1.28)	2.42	(1.91)	9.84
SHO	1.13	(0.08)	(0.03)	0.07	1.27	(1.31)	3.05	(2.51)	7.79
PEB	1.63	(0.10)	0.00	0.07	1.84	(1.94)	3.92	(3.29)	10.70
INN	1.41	(0.19)	(0.07)	0.01	1.63	(1.58)	3.37	(2.41)	10.45
RHP	1.03	0.07	0.08	0.19	0.86	(1.17)	1.94	(1.74)	7.06
DRH	1.15	(0.06)	0.00	0.09	1.28	(1.25)	2.25	(2.27)	9.19
CLDT	1.41	(0.03)	0.03	0.11	1.29	(1.83)	3.30	(2.16)	11.57
XHR	1.35	(0.05)	0.02	0.10	1.37	(1.71)	3.73	(2.64)	10.21
RLJ-PA	0.42	(0.01)	(0.23)	(0.16)	0.59	(0.39)	0.86	(0.98)	2.76

Hersha Hospitality Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Hersha Hospitality stock to make a market-neutral strategy. Peer analysis of Hersha Hospitality could also be used in its relative valuation, which is a method of valuing Hersha Hospitality by comparing valuation metrics with similar companies.

RLJ Lodging Trust Sunstone Hotel Investors Pebblebrook Hotel Trust Summit Hotel Properties Ryman Hospitality Properties Diamondrock Hospitality Chatham Lodging Trust Xenia Hotels Resorts RLJ Lodging Trust American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne

Risk & Return

Correlation

Hersha Hospitality Corporate Management

Michael Leven	Independent Trustee	Profile
William Walsh	VP Management	Profile
Dianna Morgan	Independent Trustee	Profile
Stephanie Galli	Sr Counsel	Profile
Bharat Mehta	Ex Officer	Profile
Michael CPA	Chief Sec	Profile

Still Interested in Hersha Hospitality Trust?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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