Cracker Barrel Correlations

CBRL Stock

USD 64.59 3.51 5.75%

The current 90-days correlation between Cracker Barrel Old and The Cheesecake Factory is 0.68 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cracker Barrel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cracker Barrel Old moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Cracker Barrel Correlation With Market

Good diversification

The correlation between Cracker Barrel Old and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cracker Barrel Old and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Cracker Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cracker Barrel Old. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Cracker Stock

0.89	BH	Biglari Holdings	Pair Corr
0.9	WING	Wingstop	Pair Corr
0.94	BYD	Boyd Gaming	Pair Corr
0.89	KRUS	Kura Sushi USA	Pair Corr
0.8	PLAY	Dave Busters Enterta	Pair Corr
0.96	SHAK	Shake Shack	Pair Corr
0.94	BJRI	BJs Restaurants	Pair Corr
0.61	BTBD	Bt Brands	Pair Corr
0.92	CAKE	The Cheesecake Factory	Pair Corr
0.66	DENN	Dennys Corp	Pair Corr
0.84	F	Ford Motor Aggressive Push	Pair Corr
0.76	DOOO	BRP Inc	Pair Corr
0.88	EWCZ	European Wax Center	Pair Corr
0.82	MOD	Modine Manufacturing	Pair Corr
0.65	PHH	Park Ha Biological	Pair Corr
0.66	SONO	Sonos Inc	Pair Corr
0.91	GH	Gamehost	Pair Corr
0.75	VVA	Viva Leisure	Pair Corr
0.67	SAPPHIRE	Sapphire Foods India	Pair Corr

Moving against Cracker Stock

0.88	SG	Sweetgreen	Pair Corr
0.72	WEN	The Wendys	Pair Corr
0.67	BTBDW	BT Brands Warrant	Pair Corr
0.67	TWNP	Twin Hospitality Symbol Change	Pair Corr
0.65	GENK	GEN Restaurant Group,	Pair Corr
0.4	MCD	McDonalds	Pair Corr
0.41	RAY	Raytech Holding	Pair Corr
0.32	JUBLFOOD	Jubilant Foodworks	Pair Corr

Related Correlations Analysis

	REGN	ARKR	CMND	DENN	CAKE	MNMD	SHAK	CAVA
REGN		0.07	0.74	-0.35	-0.55	-0.46	-0.58	0.48	REGN
ARKR	0.07		0.07	0.49	0.2	0.51	0.42	0.06	ARKR
CMND	0.74	0.07		-0.39	-0.65	-0.38	-0.64	0.48	CMND
DENN	-0.35	0.49	-0.39		0.72	0.65	0.74	-0.02	DENN
CAKE	-0.55	0.2	-0.65	0.72		0.74	0.95	-0.51	CAKE
MNMD	-0.46	0.51	-0.38	0.65	0.74		0.8	-0.3	MNMD
SHAK	-0.58	0.42	-0.64	0.74	0.95	0.8		-0.48	SHAK
CAVA	0.48	0.06	0.48	-0.02	-0.51	-0.3	-0.48		CAVA
	REGN	ARKR	CMND	DENN	CAKE	MNMD	SHAK	CAVA

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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

SHAK	+ 0.95	CAKE
SHAK	+ 0.8	MNMD
CMND	+ 0.74	REGN
SHAK	+ 0.74	DENN
MNMD	+ 0.74	CAKE
CAKE	+ 0.72	DENN

High negative correlations

CAKE	- 0.65	CMND
SHAK	- 0.64	CMND
SHAK	- 0.58	REGN
CAKE	- 0.55	REGN
CAVA	- 0.51	CAKE
CAVA	- 0.48	SHAK

Risk-Adjusted Indicators

There is a big difference between Cracker Stock performing well and Cracker Barrel 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 Cracker Barrel's 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
REGN	2.24	(0.17)	0.00	0.68	0.00	0.00	4.28	(6.09)	28.08
ARKR	2.67	(0.07)	0.00	1.37	0.00	0.00	5.58	(5.15)	38.55
CMND	2.16	(0.20)	0.00	0.54	0.00	0.00	4.44	(5.10)	21.71
DENN	3.04	0.26	0.06	0.37	3.91	(3.51)	5.71	(6.19)	21.45
CAKE	1.92	0.36	0.09	4.27	2.54	(1.98)	4.50	(3.01)	13.90
MNMD	3.61	0.13	0.04	0.19	4.22	(3.91)	7.52	(7.04)	25.66
SHAK	2.41	0.67	0.14	(3.86)	3.00	(2.51)	6.38	(5.81)	21.69
CAVA	2.39	(0.19)	(0.03)	0.00	3.36	(2.64)	5.47	(6.55)	24.17

Cracker Barrel Corporate Management

Craig Pommells	VP Officer	Profile
Jennifer Tate	VP Officer	Profile
Cammie SpillyardsSchaefer	Senior Operations	Profile
Jessica Hazel	Director Relations	Profile
Bruce Hoffmeister	Senior Officer	Profile
William Moreton	Advisor	Profile

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