Cracker Barrel Correlations

CBRL Stock  USD 26.17  0.92  3.40%   
The current 90-days correlation between Cracker Barrel Old and Tianjin Capital Environmental is 0.08 (i.e., Significant 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

Modest diversification

The correlation between Cracker Barrel Old and DJI is 0.29 (i.e., Modest 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.
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 various price indices.

Moving together with Cracker Stock

  0.65PPERF Bank Mandiri PerseroPairCorr
  0.72PG Procter GamblePairCorr
  0.77HD Home DepotPairCorr
  0.76T ATT IncPairCorr
  0.7DIS Walt DisneyPairCorr
  0.78BA BoeingPairCorr

Moving against Cracker Stock

  0.87PTAIY Astra International TbkPairCorr
  0.76BKRKF PT Bank RakyatPairCorr
  0.76GE GE AerospacePairCorr
  0.74IBM International BusinessPairCorr
  0.74JNJ Johnson JohnsonPairCorr
  0.73CSCO Cisco SystemsPairCorr
  0.69AA Alcoa CorpPairCorr
  0.67INTC Intel Aggressive PushPairCorr
  0.64MRK Merck Company Aggressive PushPairCorr
  0.55TLK Telkom Indonesia TbkPairCorr
  0.52EC Ecopetrol SA ADRPairCorr
  0.51TLKMF Telkom Indonesia TbkPairCorr
  0.51BAC Bank of AmericaPairCorr
  0.49WMT WalmartPairCorr

Related Correlations Analysis


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

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High negative correlations

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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.

Cracker Barrel Corporate Management