Biglari Holdings Correlations

BH Stock

USD 274.79 2.67 0.98%

The current 90-days correlation between Biglari Holdings and Cannae Holdings is 0.28 (i.e., Modest diversification). The correlation of Biglari 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.

Biglari Holdings Correlation With Market

Very weak diversification

The correlation between Biglari Holdings and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Biglari Holdings and DJI in the same portfolio, assuming nothing else is changed.

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Biglari 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 rate.

For more detail on how to invest in Biglari Stock please use our How to Invest in Biglari Holdings guide.

Moving together with Biglari Stock

0.74	H	Hyatt Hotels	Pair Corr
0.92	WING	Wingstop	Pair Corr
0.91	EVRI	Everi Holdings	Pair Corr
0.61	WYNN	Wynn Resorts Limited	Pair Corr
0.82	FLUT	Flutter Entertainment plc	Pair Corr
0.88	AGS	PlayAGS	Pair Corr
0.74	BDL	Flanigans Enterprises	Pair Corr
0.87	BYD	Boyd Gaming	Pair Corr
0.82	CCL	Carnival Earnings Call This Week	Pair Corr
0.61	CMG	Chipotle Mexican Grill Aggressive Push	Pair Corr
0.94	CSV	Carriage Services	Pair Corr
0.83	CUK	Carnival Plc ADS	Pair Corr
0.83	DRI	Darden Restaurants Earnings Call This Week	Pair Corr
0.69	EAT	Brinker International	Pair Corr
0.91	FTDR	Frontdoor	Pair Corr
0.64	HGV	Hilton Grand Vacations	Pair Corr
0.81	HLT	Hilton Worldwide Holdings Sell-off Trend	Pair Corr
0.68	IHG	InterContinental Hotels	Pair Corr

Moving against Biglari Stock

0.88	EJH	E Home Household	Pair Corr
0.82	SG	Sweetgreen	Pair Corr
0.81	DNUT	Krispy Kreme	Pair Corr
0.35	WH	Wyndham Hotels Resorts	Pair Corr
0.34	CDROW	Codere Online Luxembourg	Pair Corr
0.7	MSC	Studio City International	Pair Corr
0.62	GHG	GreenTree Hospitality	Pair Corr
0.53	FWRG	First Watch Restaurant	Pair Corr
0.49	BTBDW	BT Brands Warrant	Pair Corr
0.47	LTH	Life Time Group	Pair Corr
0.38	FLL	Full House Resorts	Pair Corr
0.36	IGT	International Game	Pair Corr
0.35	HDL	SUPER HI INTERNATIONAL	Pair Corr
0.32	FAT	FAT Brands	Pair Corr

Related Correlations Analysis

	CNNE	BJRI	FRGI	RUTH	ARKR	NROM	NATH	EAT	BLMN	CHUY
CNNE		0.72	0.0	0.0	0.31	-0.44	0.75	0.72	0.45	0.0	CNNE
BJRI	0.72		0.0	0.0	0.68	-0.8	0.88	0.66	0.48	0.0	BJRI
FRGI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	FRGI
RUTH	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	RUTH
ARKR	0.31	0.68	0.0	0.0		-0.51	0.44	0.17	0.04	0.0	ARKR
NROM	-0.44	-0.8	0.0	0.0	-0.51		-0.77	-0.49	-0.46	0.0	NROM
NATH	0.75	0.88	0.0	0.0	0.44	-0.77		0.7	0.53	0.0	NATH
EAT	0.72	0.66	0.0	0.0	0.17	-0.49	0.7		0.45	0.0	EAT
BLMN	0.45	0.48	0.0	0.0	0.04	-0.46	0.53	0.45		0.0	BLMN
CHUY	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		CHUY
	CNNE	BJRI	FRGI	RUTH	ARKR	NROM	NATH	EAT	BLMN	CHUY

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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

NATH	+ 0.88	BJRI
NATH	+ 0.75	CNNE
BJRI	+ 0.72	CNNE
EAT	+ 0.72	CNNE
EAT	+ 0.7	NATH
ARKR	+ 0.68	BJRI

High negative correlations

NROM	- 0.8	BJRI
NATH	- 0.77	NROM
NROM	- 0.51	ARKR
EAT	- 0.49	NROM
BLMN	- 0.46	NROM
NROM	- 0.44	CNNE

Risk-Adjusted Indicators

There is a big difference between Biglari Stock performing well and Biglari 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 Biglari 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
CNNE	1.73	0.30	0.13	0.31	2.00	(1.91)	3.20	(3.04)	13.22
BJRI	2.16	0.52	0.18	0.47	2.23	(2.21)	6.20	(3.75)	17.68
FRGI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RUTH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ARKR	2.94	0.10	0.02	(1.01)	3.04	(4.33)	6.40	(5.15)	38.55
NROM	4.84	(0.50)	0.00	(0.67)	0.00	0.00	11.11	(13.64)	43.25
NATH	1.30	0.26	0.16	0.48	1.29	(1.49)	3.52	(2.86)	7.38
EAT	2.73	0.40	0.09	0.35	3.97	(2.74)	6.29	(4.40)	24.87
BLMN	3.97	0.24	0.06	0.16	3.96	(4.98)	9.89	(7.81)	29.15
CHUY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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