Bt Brands Correlations

BTBD Stock

USD 1.13 0.05 4.24%

The current 90-days correlation between Bt Brands and Bagger Daves Burger is 0.14 (i.e., Average diversification). The correlation of Bt Brands 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.

Bt Brands Correlation With Market

Modest diversification

The correlation between Bt Brands and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bt Brands and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with BTBD Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bt Brands. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

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

Moving together with BTBD Stock

0.89	H	Hyatt Hotels	Pair Corr
0.71	SG	Sweetgreen	Pair Corr
0.94	WH	Wyndham Hotels Resorts	Pair Corr
0.83	BYD	Boyd Gaming	Pair Corr
0.94	CHH	Choice Hotels Intern	Pair Corr
0.88	DIN	Dine Brands Global	Pair Corr
0.85	HLT	Hilton Worldwide Holdings Sell-off Trend	Pair Corr
0.88	IHG	InterContinental Hotels	Pair Corr
0.88	MAR	Marriott International	Pair Corr
0.71	WEN	The Wendys	Pair Corr
0.73	GENK	GEN Restaurant Group,	Pair Corr
0.69	KRUS	Kura Sushi USA	Pair Corr
0.89	LIND	Lindblad Expeditions	Pair Corr
0.9	LOCO	El Pollo Loco	Pair Corr
0.64	MLCO	Melco Resorts Entert	Pair Corr
0.92	NDLS	Noodles Company Earnings Call This Week	Pair Corr
0.77	PLAY	Dave Busters Enterta Downward Rally	Pair Corr
0.92	PTLO	Portillos	Pair Corr
0.93	RICK	RCI Hospitality Holdings	Pair Corr
0.87	SBET	Sharplink Gaming	Pair Corr
0.94	SBUX	Starbucks	Pair Corr
0.72	ARKR	Ark Restaurants Corp Earnings Call This Week	Pair Corr
0.77	SHAK	Shake Shack	Pair Corr
0.64	CAKE	The Cheesecake Factory	Pair Corr
0.84	DENN	Dennys Corp	Pair Corr
0.93	FL	Foot Locker	Pair Corr
0.85	HD	Home Depot Earnings Call This Week	Pair Corr

Moving against BTBD Stock

0.59	MCD	McDonalds	Pair Corr
0.59	PLYA	Playa Hotels Resorts	Pair Corr
0.31	IH	Ihuman Inc	Pair Corr

Related Correlations Analysis

	ALSSF	MARZF	DMPZF	BDVB	JKHCF	MRTPY	ATGSY	SCFFF
ALSSF		0.41	0.0	-0.05	0.0	0.25	0.0	0.26	ALSSF
MARZF	0.41		0.0	0.51	0.0	0.63	0.0	0.47	MARZF
DMPZF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	DMPZF
BDVB	-0.05	0.51	0.0		0.0	0.46	0.0	0.41	BDVB
JKHCF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	JKHCF
MRTPY	0.25	0.63	0.0	0.46	0.0		0.0	0.11	MRTPY
ATGSY	0.0	0.0	0.0	0.0	0.0	0.0		0.0	ATGSY
SCFFF	0.26	0.47	0.0	0.41	0.0	0.11	0.0		SCFFF
	ALSSF	MARZF	DMPZF	BDVB	JKHCF	MRTPY	ATGSY	SCFFF

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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

MRTPY	+ 0.63	MARZF
BDVB	+ 0.51	MARZF
SCFFF	+ 0.47	MARZF
MRTPY	+ 0.46	BDVB
MARZF	+ 0.41	ALSSF
SCFFF	+ 0.41	BDVB

High negative correlations

BDVB	- 0.05	ALSSF
SCFFF	- 0.0	ATGSY
ATGSY	- 0.0	MRTPY
SCFFF	- 0.0	JKHCF
ATGSY	- 0.0	JKHCF
MRTPY	- 0.0	JKHCF

Risk-Adjusted Indicators

There is a big difference between BTBD Stock performing well and Bt Brands 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 Bt Brands' 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
ALSSF	1.96	0.15	0.05	12.08	2.70	(4.20)	4.55	(5.63)	29.71
MARZF	0.63	(0.26)	0.00	(2.15)	0.00	0.00	0.00	0.00	24.69
DMPZF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BDVB	3.43	(0.66)	0.00	(1.00)	0.00	0.00	4.50	(12.74)	53.65
JKHCF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MRTPY	1.00	0.06	0.03	0.85	1.91	(8.32)	0.40	(2.48)	29.43
ATGSY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SCFFF	4.05	(0.04)	0.00	(0.31)	0.00	0.00	0.00	0.00	196.77

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