Summit Hotel Properties, Inc. (INN) — Stock Correlations & Overview
Over the past year, INN has moved most closely with DRH, SHO, APLE. Explore the stocks most correlated and inversely correlated with INN below, along with its price, financials, and company profile.
Stocks correlated with INN
Correlation of daily returns. Higher positive values move with INN; negative values move opposite it. Informational only, not investment advice.
Most correlated with INN
| Symbol | Company | Correlation |
|---|---|---|
| DRH | Diamondrock Hospitality Company Common StockREAL ESTATE INVESTMENT TRUSTS | 0.71 |
| SHO | Sunstone Hotel Investors, Inc.HOTELS & MOTELS | 0.68 |
| APLE | Apple Hospitality REIT, Inc.REAL ESTATE INVESTMENT TRUSTS | 0.68 |
| RLJ | RLJ Lodging TrustREAL ESTATE INVESTMENT TRUSTS | 0.68 |
| PEB | Pebblebrook Hotel TrustREAL ESTATE INVESTMENT TRUSTS | 0.67 |
Most inversely correlated with INN
| Symbol | Company | Correlation |
|---|---|---|
| SBB | ProShares Short SmallCap600 | -0.47 |
| SDD | ProShares UltraShort SmallCap600 | -0.47 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.43 |
| SKRE | Tuttle Capital Daily 2X Inverse Regional Banks ETF | -0.39 |
| SMDD | ProShares UltraPro Short MidCap400 | -0.38 |
Frequently asked questions about INN correlations
- Which stocks are most correlated with INN?
- Based on one year of daily returns, the stocks most correlated with Summit Hotel Properties, Inc. (INN) are DRH (0.71), SHO (0.68) and APLE (0.68). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with INN?
- Over the past year, the stocks most inversely correlated with Summit Hotel Properties, Inc. (INN) are SBB (-0.47), SDD (-0.47) and FLYD (-0.43). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these INN correlations calculated?
- We compute the correlation of daily returns between INN and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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