Dave Busters Correlations

PLAY Stock

USD 21.06 0.07 0.33%

The current 90-days correlation between Dave Busters Enterta and Imax Corp is 0.35 (i.e., Weak diversification). The correlation of Dave Busters 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.

Dave Busters Correlation With Market

Weak diversification

The correlation between Dave Busters Entertainment and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dave Busters Entertainment and DJI in the same portfolio, assuming nothing else is changed.

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Dave Busters Entertainment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Dave Stock

0.83	H	Hyatt Hotels	Pair Corr
0.74	BH	Biglari Holdings Earnings Call Today	Pair Corr
0.62	SG	Sweetgreen Sell-off Trend	Pair Corr
0.79	WH	Wyndham Hotels Resorts Sell-off Trend	Pair Corr
0.76	WING	Wingstop	Pair Corr
0.85	BYD	Boyd Gaming	Pair Corr
0.83	CHH	Choice Hotels Intern	Pair Corr
0.75	DIN	Dine Brands Global	Pair Corr
0.8	HLT	Hilton Worldwide Holdings	Pair Corr
0.86	IHG	InterContinental Hotels	Pair Corr
0.87	MAR	Marriott International	Pair Corr
0.94	KRUS	Kura Sushi USA	Pair Corr
0.86	LIND	Lindblad Expeditions	Pair Corr
0.83	LOCO	El Pollo Loco	Pair Corr
0.84	NDLS	Noodles Company Earnings Call This Week	Pair Corr
0.68	PTLO	Portillos Buyout Trend	Pair Corr
0.83	RICK	RCI Hospitality Holdings	Pair Corr
0.74	SBET	Sharplink Gaming	Pair Corr
0.67	SBUX	Starbucks Sell-off Trend	Pair Corr
0.79	ARKR	Ark Restaurants Corp Earnings Call This Week	Pair Corr
0.9	SHAK	Shake Shack	Pair Corr
0.78	STKS	One Group Hospitality	Pair Corr
0.79	BTBD	Bt Brands	Pair Corr
0.88	CAKE	The Cheesecake Factory	Pair Corr
0.86	DENN	Dennys Corp Upward Rally	Pair Corr
0.73	FL	Foot Locker	Pair Corr
0.85	HD	Home Depot Earnings Call This Week	Pair Corr

Moving against Dave Stock

0.52	MCD	McDonalds	Pair Corr
0.4	EJH	E Home Household	Pair Corr
0.33	HTHT	Huazhu Group Earnings Call This Week	Pair Corr
0.59	PLYA	Playa Hotels Resorts	Pair Corr
0.47	IH	Ihuman Inc	Pair Corr
0.39	GV	Visionary Education	Pair Corr

Related Correlations Analysis

	IMAX	MCS	APE	AMCX	CNK	NWS	FWONA	WMG	EDR	LYV
IMAX		0.53	0.0	0.49	-0.02	0.47	0.66	0.71	0.43	0.4	IMAX
MCS	0.53		0.0	0.89	0.51	0.83	0.88	0.68	0.16	0.9	MCS
APE	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	APE
AMCX	0.49	0.89	0.0		0.43	0.79	0.84	0.64	0.23	0.73	AMCX
CNK	-0.02	0.51	0.0	0.43		0.59	0.43	-0.09	-0.36	0.58	CNK
NWS	0.47	0.83	0.0	0.79	0.59		0.89	0.67	-0.04	0.83	NWS
FWONA	0.66	0.88	0.0	0.84	0.43	0.89		0.74	0.11	0.87	FWONA
WMG	0.71	0.68	0.0	0.64	-0.09	0.67	0.74		0.3	0.54	WMG
EDR	0.43	0.16	0.0	0.23	-0.36	-0.04	0.11	0.3		0.04	EDR
LYV	0.4	0.9	0.0	0.73	0.58	0.83	0.87	0.54	0.04		LYV
	IMAX	MCS	APE	AMCX	CNK	NWS	FWONA	WMG	EDR	LYV

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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

LYV	+ 0.9	MCS
AMCX	+ 0.89	MCS
FWONA	+ 0.89	NWS
FWONA	+ 0.88	MCS
LYV	+ 0.87	FWONA
FWONA	+ 0.84	AMCX

High negative correlations

EDR	- 0.36	CNK
WMG	- 0.09	CNK
EDR	- 0.04	NWS
CNK	- 0.02	IMAX
LYV	- 0.0	APE
EDR	- 0.0	APE

Risk-Adjusted Indicators

There is a big difference between Dave Stock performing well and Dave Busters 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 Dave Busters' 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
IMAX	1.83	0.21	0.08	0.13	2.75	(1.71)	3.12	(3.36)	14.30
MCS	1.83	(0.15)	0.00	(0.26)	0.00	0.00	3.83	(3.60)	15.15
APE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AMCX	2.63	(0.35)	0.00	(0.42)	0.00	0.00	3.99	(6.03)	15.75
CNK	1.70	0.18	0.08	0.30	2.88	(1.69)	3.68	(2.74)	17.24
NWS	1.35	0.17	0.08	0.05	1.98	(1.33)	2.85	(2.52)	12.18
FWONA	1.88	0.07	0.00	(0.04)	0.00	0.00	3.80	(4.66)	12.93
WMG	1.48	0.01	0.00	(0.10)	0.00	0.00	3.04	(2.94)	10.83
EDR	1.39	(0.03)	0.00	(0.33)	0.00	0.00	3.14	(2.68)	16.90
LYV	1.90	0.04	0.00	(0.08)	0.00	0.00	3.49	(4.19)	13.83

Dave Busters Corporate Management

John Mulleady	Sr. VP of Real Estate and Devel.	Profile
Rodolfo Rodriguez	Chief VP	Profile
Antonio Bautista	Senior Officer	Profile
Darin Harper	Chief Officer	Profile
Christopher Morris	CEO Director	Profile
Cory Hatton	Investor Finance	Profile

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