Frontdoor Correlations

FTDR Stock

USD 58.75 1.18 1.97%

The current 90-days correlation between Frontdoor and The Cheesecake Factory is 0.32 (i.e., Weak diversification). The correlation of Frontdoor 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Frontdoor Correlation With Market

Very weak diversification

The correlation between Frontdoor and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Frontdoor and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Frontdoor Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Frontdoor. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

To learn how to invest in Frontdoor Stock, please use our How to Invest in Frontdoor guide.

Moving together with Frontdoor Stock

0.89	H	Hyatt Hotels	Pair Corr
0.87	BH	Biglari Holdings	Pair Corr
0.71	DKNG	DraftKings	Pair Corr
0.92	WING	Wingstop	Pair Corr
0.8	EXPE	Expedia Group	Pair Corr
0.8	WYNN	Wynn Resorts Limited	Pair Corr
0.84	FLUT	Flutter Entertainment plc	Pair Corr
0.67	BDL	Flanigans Enterprises	Pair Corr
0.93	BYD	Boyd Gaming	Pair Corr
0.86	CCL	Carnival Aggressive Push	Pair Corr
0.64	CMG	Chipotle Mexican Grill	Pair Corr
0.91	CSV	Carriage Services	Pair Corr
0.86	CUK	Carnival Plc ADS	Pair Corr
0.61	CZR	Caesars Entertainment	Pair Corr
0.78	DIN	Dine Brands Global	Pair Corr
0.82	DRI	Darden Restaurants	Pair Corr
0.64	EAT	Brinker International Downward Rally	Pair Corr
0.86	HGV	Hilton Grand Vacations	Pair Corr
0.94	HLT	Hilton Worldwide Holdings	Pair Corr
0.83	IHG	InterContinental Hotels	Pair Corr
0.88	LVS	Las Vegas Sands	Pair Corr

Moving against Frontdoor Stock

0.87	DNUT	Krispy Kreme	Pair Corr
0.86	SG	Sweetgreen	Pair Corr
0.96	EJH	E Home Household	Pair Corr
0.65	FWRG	First Watch Restaurant	Pair Corr
0.54	GHG	GreenTree Hospitality	Pair Corr
0.41	LTH	Life Time Group Sell-off Trend	Pair Corr
0.4	MCD	McDonalds Sell-off Trend	Pair Corr
0.35	HRB	HR Block	Pair Corr

Related Correlations Analysis

	CAKE	WEST	BJRI	PSFE	CNNE	DENN	NOW	NTWK
CAKE		0.19	0.89	-0.63	0.94	0.76	0.75	0.95	CAKE
WEST	0.19		0.49	-0.31	0.06	0.46	0.48	0.29	WEST
BJRI	0.89	0.49		-0.77	0.79	0.78	0.84	0.91	BJRI
PSFE	-0.63	-0.31	-0.77		-0.45	-0.32	-0.5	-0.73	PSFE
CNNE	0.94	0.06	0.79	-0.45		0.73	0.64	0.85	CNNE
DENN	0.76	0.46	0.78	-0.32	0.73		0.82	0.68	DENN
NOW	0.75	0.48	0.84	-0.5	0.64	0.82		0.76	NOW
NTWK	0.95	0.29	0.91	-0.73	0.85	0.68	0.76		NTWK
	CAKE	WEST	BJRI	PSFE	CNNE	DENN	NOW	NTWK

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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

NTWK	+ 0.95	CAKE
CNNE	+ 0.94	CAKE
NTWK	+ 0.91	BJRI
BJRI	+ 0.89	CAKE
NTWK	+ 0.85	CNNE
NOW	+ 0.84	BJRI

High negative correlations

PSFE	- 0.77	BJRI
NTWK	- 0.73	PSFE
PSFE	- 0.63	CAKE
NOW	- 0.5	PSFE
CNNE	- 0.45	PSFE
DENN	- 0.32	PSFE

Risk-Adjusted Indicators

There is a big difference between Frontdoor Stock performing well and Frontdoor 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 Frontdoor'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
CAKE	1.86	0.27	0.10	0.34	2.58	(1.89)	4.47	(3.30)	13.11
WEST	2.58	(0.21)	0.00	(0.07)	0.00	0.00	5.23	(4.63)	23.60
BJRI	2.04	0.48	0.14	16.83	2.20	(2.11)	4.71	(3.55)	17.68
PSFE	2.78	(0.38)	0.00	(0.11)	0.00	0.00	4.28	(6.35)	31.10
CNNE	1.48	0.10	0.05	0.18	2.05	(1.52)	3.09	(3.04)	13.16
DENN	3.00	0.22	0.05	0.30	3.81	(3.51)	5.71	(6.19)	21.45
NOW	1.83	0.28	0.14	0.28	1.97	(2.06)	3.63	(3.08)	18.66
NTWK	2.08	0.45	0.16	0.74	2.12	(2.36)	5.53	(3.93)	15.81

Frontdoor Corporate Management

Evan Iverson	Senior Officer	Profile
Raj Midha	Chief Marketing Officer and Strategy Officer	Profile
Meredith Diagostino	Vice Officer	Profile
Chastitie Brim	Chief VP	Profile
Kerri Jones	Senior Officer	Profile
Allison Sitch	Vice Relations	Profile

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