Good Times Correlations
GTIM Stock | USD 1.56 0.03 1.89% |
The current 90-days correlation between Good Times Restaurants and Flanigans Enterprises is -0.18 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Good Times moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Good Times Restaurants moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Good Times Correlation With Market
Weak diversification
The correlation between Good Times Restaurants and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Good Times Restaurants and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Good Stock
Moving against Good Stock
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Related Correlations Analysis
0.47 | 0.03 | -0.45 | 0.77 | 0.71 | STKS | ||
0.47 | -0.31 | -0.46 | 0.4 | 0.75 | BDL | ||
0.03 | -0.31 | -0.36 | 0.32 | -0.03 | ARKR | ||
-0.45 | -0.46 | -0.36 | -0.64 | -0.44 | NROM | ||
0.77 | 0.4 | 0.32 | -0.64 | 0.5 | RAVE | ||
0.71 | 0.75 | -0.03 | -0.44 | 0.5 | NATH | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Good Stock performing well and Good Times 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 Good Times' 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
STKS | 4.19 | 0.16 | 0.05 | 0.20 | 5.45 | 9.94 | 29.76 | |||
BDL | 2.33 | 0.64 | 0.12 | (1.76) | 2.73 | 6.74 | 30.91 | |||
ARKR | 2.43 | 0.15 | 0.01 | 2.63 | 2.65 | 5.58 | 38.55 | |||
NROM | 5.75 | (0.62) | 0.00 | (0.17) | 0.00 | 17.65 | 43.18 | |||
RAVE | 1.84 | 0.25 | 0.10 | 0.52 | 1.86 | 4.56 | 10.62 | |||
NATH | 1.45 | (0.06) | (0.02) | 0.08 | 2.10 | 3.52 | 14.36 |