Nathans Famous Correlations

NATH Stock

USD 91.72 0.82 0.90%

The current 90-days correlation between Nathans Famous and Portillos is 0.47 (i.e., Very weak diversification). The correlation of Nathans Famous 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.

Nathans Famous Correlation With Market

Modest diversification

The correlation between Nathans Famous and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nathans Famous and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Nathans Stock

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

For more detail on how to invest in Nathans Stock please use our How to Invest in Nathans Famous guide.

Moving together with Nathans Stock

0.67	EJH	E Home Household	Pair Corr
0.86	PENN	Penn National Gaming	Pair Corr
0.88	AGAE	Allied Gaming Entert	Pair Corr
0.8	SBET	Sharplink Gaming Aggressive Push	Pair Corr
0.81	HPQ	HP Inc	Pair Corr
0.65	PG	Procter Gamble	Pair Corr
0.82	MSFT	Microsoft	Pair Corr

Moving against Nathans Stock

0.89	MRK	Merck Company	Pair Corr
0.81	FTV	Fortive Corp	Pair Corr
0.81	DD	Dupont De Nemours	Pair Corr
0.79	TRV	The Travelers Companies	Pair Corr
0.76	XOM	Exxon Mobil Corp	Pair Corr
0.72	CAT	Caterpillar	Pair Corr
0.65	AA	Alcoa Corp	Pair Corr
0.65	BAC	Bank of America Earnings Call This Week	Pair Corr
0.64	WMT	Walmart Common Stock	Pair Corr
0.62	KO	Coca Cola	Pair Corr
0.52	MCD	McDonalds	Pair Corr
0.49	JPM	JPMorgan Chase Earnings Call This Week	Pair Corr
0.48	IBM	International Business	Pair Corr

Related Correlations Analysis

	PTLO	DIN	VENU	MLR	PBPB	KRT	LOCO	BLMN	PACK	MNRO
PTLO		-0.45	0.69	0.75	-0.62	0.49	-0.79	0.7	0.21	-0.48	PTLO
DIN	-0.45		-0.78	-0.34	0.88	-0.06	0.65	-0.24	0.42	0.9	DIN
VENU	0.69	-0.78		0.71	-0.86	0.48	-0.7	0.66	-0.03	-0.79	VENU
MLR	0.75	-0.34	0.71		-0.53	0.82	-0.61	0.72	0.43	-0.39	MLR
PBPB	-0.62	0.88	-0.86	-0.53		-0.32	0.78	-0.48	0.14	0.84	PBPB
KRT	0.49	-0.06	0.48	0.82	-0.32		-0.43	0.7	0.56	-0.1	KRT
LOCO	-0.79	0.65	-0.7	-0.61	0.78	-0.43		-0.55	-0.03	0.66	LOCO
BLMN	0.7	-0.24	0.66	0.72	-0.48	0.7	-0.55		0.31	-0.29	BLMN
PACK	0.21	0.42	-0.03	0.43	0.14	0.56	-0.03	0.31		0.38	PACK
MNRO	-0.48	0.9	-0.79	-0.39	0.84	-0.1	0.66	-0.29	0.38		MNRO
	PTLO	DIN	VENU	MLR	PBPB	KRT	LOCO	BLMN	PACK	MNRO

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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

MNRO	+ 0.9	DIN
PBPB	+ 0.88	DIN
MNRO	+ 0.84	PBPB
KRT	+ 0.82	MLR
LOCO	+ 0.78	PBPB
MLR	+ 0.75	PTLO

High negative correlations

PBPB	- 0.86	VENU
MNRO	- 0.79	VENU
LOCO	- 0.79	PTLO
VENU	- 0.78	DIN
LOCO	- 0.7	VENU
PBPB	- 0.62	PTLO

Risk-Adjusted Indicators

There is a big difference between Nathans Stock performing well and Nathans Famous 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 Nathans Famous' 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
PTLO	1.99	(0.67)	0.00	(0.47)	0.00	0.00	3.91	(4.25)	12.57
DIN	2.36	0.33	0.14	0.28	2.24	(2.76)	4.83	(4.27)	13.87
VENU	3.96	(0.48)	0.00	2.13	0.00	0.00	6.83	(9.64)	28.28
MLR	1.41	(0.15)	0.00	(0.05)	0.00	0.00	2.64	(2.49)	7.96
PBPB	1.82	0.44	0.26	0.35	1.10	(2.33)	2.91	(3.50)	31.44
KRT	1.46	(0.06)	(0.03)	0.01	2.04	(1.57)	3.23	(3.84)	12.60
LOCO	1.69	0.13	0.08	0.16	1.85	(1.86)	3.24	(2.73)	16.59
BLMN	2.82	(0.04)	0.00	0.15	0.00	0.00	5.37	(6.35)	17.40
PACK	3.06	(0.14)	0.00	0.02	4.48	(3.22)	5.53	(6.79)	26.04
MNRO	2.36	0.05	0.03	0.09	3.59	(2.48)	5.20	(3.70)	21.28

Nathans Famous Corporate Executives

Elected by the shareholders, the Nathans Famous' board of directors comprises two types of representatives: Nathans Famous inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Nathans. The board's role is to monitor Nathans Famous' management team and ensure that shareholders' interests are well served. Nathans Famous' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Nathans Famous' outside directors are responsible for providing unbiased perspectives on the board's policies.

	Robert CPA	CFO, Finance	Profile
	Robert Steinberg	CFO, Finance	Profile

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