Dave Busters Correlations

PLAY Stock

USD 33.82 2.67 8.57%

The current 90-days correlation between Dave Busters Enterta and Jutal Offshore Oil is -0.07 (i.e., Good 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

Good diversification

The correlation between Dave Busters Entertainment and DJI is -0.18 (i.e., Good 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

0.92	FLUT	Flutter Entertainment plc	Pair Corr
0.8	BYD	Boyd Gaming	Pair Corr
0.68	CMG	Chipotle Mexican Grill	Pair Corr
0.91	KRUS	Kura Sushi USA	Pair Corr
0.79	LIND	Lindblad Expeditions	Pair Corr
0.64	LOCO	El Pollo Loco	Pair Corr
0.7	PENN	Penn National Gaming	Pair Corr
0.77	PLNT	Planet Fitness	Pair Corr
0.77	AGAE	Allied Gaming Entert	Pair Corr
0.66	BTBD	Bt Brands	Pair Corr
0.9	CAKE	The Cheesecake Factory	Pair Corr
0.8	CBRL	Cracker Barrel Old	Pair Corr
0.76	BC	Brunswick	Pair Corr
0.64	GM	General Motors Aggressive Push	Pair Corr
0.66	IH	Ihuman Inc	Pair Corr
0.86	VC	Visteon Corp	Pair Corr
0.88	DOOO	BRP Inc	Pair Corr

Moving against Dave Stock

0.87	ZSPC	zSpace, Common stock	Pair Corr
0.74	MCD	McDonalds	Pair Corr
0.65	EJH	E Home Household	Pair Corr
0.53	WEN	The Wendys	Pair Corr
0.5	FWRG	First Watch Restaurant	Pair Corr
0.49	LTH	Life Time Group	Pair Corr
0.49	BTBDW	BT Brands Warrant	Pair Corr
0.85	EEIQ	Elite Education Group Earnings Call This Week	Pair Corr
0.59	CAVA	CAVA Group,	Pair Corr
0.56	EDTK	Skillful Craftsman	Pair Corr
0.43	GV	Visionary Education	Pair Corr
0.35	VEEE	Twin Vee Powercats	Pair Corr
0.34	VSTA	Vasta Platform	Pair Corr

Related Correlations Analysis

	GLBE	JUTOY	IAS	MGNI	LXFR	MOS	CDXS	ECL
GLBE		-0.35	0.08	-0.16	0.19	-0.13	0.39	-0.08	GLBE
JUTOY	-0.35		0.32	0.55	0.25	0.41	0.01	0.37	JUTOY
IAS	0.08	0.32		0.69	0.9	0.71	0.52	0.86	IAS
MGNI	-0.16	0.55	0.69		0.73	0.89	0.39	0.83	MGNI
LXFR	0.19	0.25	0.9	0.73		0.74	0.56	0.87	LXFR
MOS	-0.13	0.41	0.71	0.89	0.74		0.34	0.86	MOS
CDXS	0.39	0.01	0.52	0.39	0.56	0.34		0.38	CDXS
ECL	-0.08	0.37	0.86	0.83	0.87	0.86	0.38		ECL
	GLBE	JUTOY	IAS	MGNI	LXFR	MOS	CDXS	ECL

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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

LXFR	+ 0.9	IAS
MOS	+ 0.89	MGNI
ECL	+ 0.87	LXFR
ECL	+ 0.86	IAS
ECL	+ 0.86	MOS
ECL	+ 0.83	MGNI

High negative correlations

JUTOY	- 0.35	GLBE
MGNI	- 0.16	GLBE
MOS	- 0.13	GLBE
ECL	- 0.08	GLBE

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
GLBE	2.64	(0.05)	0.00	0.64	0.00	0.00	4.52	(5.18)	40.17
JUTOY	0.50	0.05	0.00	0.81	0.00	0.00	0.00	0.00	23.75
IAS	2.01	0.02	(0.04)	0.02	2.88	(2.22)	4.72	(3.37)	22.60
MGNI	3.27	1.07	0.26	0.64	3.26	(3.94)	12.42	(4.28)	30.59
LXFR	2.04	0.11	0.00	10.07	2.46	(2.29)	5.00	(3.61)	13.86
MOS	1.58	0.43	0.17	0.60	1.83	(1.78)	3.63	(1.94)	12.84
CDXS	3.56	(0.09)	0.00	0.06	3.99	(4.17)	7.89	(6.99)	27.22
ECL	1.10	0.14	0.01	(0.83)	1.48	(1.13)	2.29	(2.49)	8.30

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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