Sonder Holdings Correlations

SOND Stock

USD 3.54 0.26 6.84%

The current 90-days correlation between Sonder Holdings and Wyndham Hotels Resorts is -0.05 (i.e., Good diversification). The correlation of Sonder Holdings 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.

Sonder Holdings Correlation With Market

Average diversification

The correlation between Sonder Holdings and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sonder Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sonder Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For information on how to trade Sonder Stock refer to our How to Trade Sonder Stock guide.

Moving against Sonder Stock

0.86	AGS	PlayAGS	Pair Corr
0.82	WEN	The Wendys	Pair Corr
0.78	EVRI	Everi Holdings	Pair Corr
0.75	PLAY	Dave Busters Enterta	Pair Corr
0.74	YUMC	Yum China Holdings	Pair Corr
0.61	CMG	Chipotle Mexican Grill	Pair Corr
0.56	JACK	Jack In	Pair Corr
0.51	INSE	Inspired Entertainment	Pair Corr
0.48	PZZA	Papa Johns International	Pair Corr
0.41	DPZ	Dominos Pizza	Pair Corr
0.36	LIND	Lindblad Expeditions	Pair Corr
0.35	DRI	Darden Restaurants	Pair Corr
0.35	QSR	Restaurant Brands	Pair Corr
0.31	BH	Biglari Holdings	Pair Corr
0.7	SHAK	Shake Shack	Pair Corr
0.68	CAKE	The Cheesecake Factory	Pair Corr
0.68	JD	JD Inc Adr Aggressive Push	Pair Corr
0.68	LOW	Lowes Companies	Pair Corr
0.63	HD	Home Depot	Pair Corr
0.62	LI	Li Auto	Pair Corr
0.57	GM	General Motors	Pair Corr
0.47	SBUX	Starbucks	Pair Corr
0.41	GT	Goodyear Tire Rubber	Pair Corr
0.34	BROS	Dutch Bros	Pair Corr

Related Correlations Analysis

	WH	IHG	H	HLT	MAR	CHH	HTHT
WH		0.9	0.56	0.88	0.91	0.96	0.18	WH
IHG	0.9		0.72	0.97	0.97	0.95	0.37	IHG
H	0.56	0.72		0.73	0.71	0.65	0.34	H
HLT	0.88	0.97	0.73		0.99	0.95	0.51	HLT
MAR	0.91	0.97	0.71	0.99		0.96	0.46	MAR
CHH	0.96	0.95	0.65	0.95	0.96		0.33	CHH
HTHT	0.18	0.37	0.34	0.51	0.46	0.33		HTHT
	WH	IHG	H	HLT	MAR	CHH	HTHT

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Risk-Adjusted Indicators

There is a big difference between Sonder Stock performing well and Sonder Holdings 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 Sonder Holdings' 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
WH	1.09	0.23	0.20	0.32	0.84	(1.40)	2.63	(1.91)	12.06
IHG	0.86	0.24	0.25	0.31	0.53	(0.98)	2.10	(1.22)	5.83
H	1.38	(0.10)	(0.01)	0.04	2.02	(1.31)	2.80	(3.06)	11.34
HLT	0.80	0.09	0.09	0.18	0.85	(0.84)	2.06	(1.65)	5.74
MAR	0.94	0.16	0.16	0.22	0.81	(1.02)	2.12	(1.60)	7.95
CHH	1.06	0.15	0.12	0.27	0.94	(1.27)	2.47	(1.86)	7.92
HTHT	2.16	0.11	0.03	0.31	2.05	(2.71)	4.46	(3.36)	22.48

Sonder Holdings Corporate Management

Jonathan Charbonneau	VP Relations	Profile
Sanjay Banker	CFO Pres	Profile
Bonnie Samuels	Vice Resources	Profile
Katherine Potter	General Counsel	Profile
Dominique Bourgault	Chief Officer	Profile
Vanessa Barmack	Interim Counsel	Profile

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