RLJ Lodging Trust (RLJ) — Stock Correlations & Overview
Over the past year, RLJ has moved most closely with PEB, DRH, APLE. Explore the stocks most correlated and inversely correlated with RLJ below, along with its price, financials, and company profile.
Stocks correlated with RLJ
Correlation of daily returns. Higher positive values move with RLJ; negative values move opposite it. Informational only, not investment advice.
Most correlated with RLJ
| Symbol | Company | Correlation |
|---|---|---|
| PEB | Pebblebrook Hotel TrustREAL ESTATE INVESTMENT TRUSTS | 0.77 |
| DRH | Diamondrock Hospitality Company Common StockREAL ESTATE INVESTMENT TRUSTS | 0.77 |
| APLE | Apple Hospitality REIT, Inc.REAL ESTATE INVESTMENT TRUSTS | 0.77 |
| PK | Park Hotels & Resorts Inc. Common StockHOTELS & MOTELS | 0.74 |
| XHR | Xenia Hotels & Resorts, Inc.HOTELS & MOTELS | 0.74 |
Most inversely correlated with RLJ
| Symbol | Company | Correlation |
|---|---|---|
| SBB | ProShares Short SmallCap600 | -0.52 |
| SDD | ProShares UltraShort SmallCap600 | -0.52 |
| SKRE | Tuttle Capital Daily 2X Inverse Regional Banks ETF | -0.47 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.47 |
| SMDD | ProShares UltraPro Short MidCap400 | -0.46 |
Frequently asked questions about RLJ correlations
- Which stocks are most correlated with RLJ?
- Based on one year of daily returns, the stocks most correlated with RLJ Lodging Trust (RLJ) are PEB (0.77), DRH (0.77) and APLE (0.77). 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 RLJ?
- Over the past year, the stocks most inversely correlated with RLJ Lodging Trust (RLJ) are SBB (-0.52), SDD (-0.52) and SKRE (-0.47). 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 RLJ correlations calculated?
- We compute the correlation of daily returns between RLJ 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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