Papa Johns Correlations

PZZA Stock

USD 49.55 0.57 1.16%

The current 90-days correlation between Papa Johns International and Bloomin Brands is 0.3 (i.e., Weak diversification). The correlation of Papa Johns 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.

Papa Johns Correlation With Market

Very weak diversification

The correlation between Papa Johns International and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Papa Johns International 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 Papa Johns International. 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 Papa Stock

0.74	WING	Wingstop	Pair Corr
0.74	DRI	Darden Restaurants	Pair Corr
0.71	QSR	Restaurant Brands Sell-off Trend	Pair Corr
0.63	SBUX	Starbucks	Pair Corr
0.79	SHAK	Shake Shack	Pair Corr
0.79	BROS	Dutch Bros	Pair Corr
0.66	BBY	Best Buy	Pair Corr
0.61	PETS	PetMed Express Downward Rally	Pair Corr
0.61	GMR	Gaming Realms plc	Pair Corr
0.83	NVDA	NVIDIA	Pair Corr
0.78	DELL	Dell Technologies	Pair Corr
0.88	ANVS	Annovis Bio	Pair Corr
0.88	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.62	AA	Alcoa Corp	Pair Corr
0.81	GE	GE Aerospace	Pair Corr
0.68	PFE	Pfizer Inc	Pair Corr
0.84	IBM	International Business	Pair Corr

Moving against Papa Stock

0.65	SPECIALITY	Speciality Restaurants	Pair Corr
0.45	JACK	Jack In	Pair Corr
0.42	MCD	McDonalds	Pair Corr
0.4	JUBLFOOD	Jubilant Foodworks	Pair Corr

Related Correlations Analysis

	YUM	WING	DRI	CMG	DIN	BLMN	BJRI	RUTH	CAKE	EAT
YUM		-0.51	-0.33	-0.04	0.04	-0.22	-0.4	0.0	-0.39	-0.4	YUM
WING	-0.51		0.81	0.62	0.63	0.41	0.93	0.0	0.89	0.67	WING
DRI	-0.33	0.81		0.64	0.73	0.65	0.86	0.0	0.94	0.86	DRI
CMG	-0.04	0.62	0.64		0.48	0.47	0.66	0.0	0.66	0.39	CMG
DIN	0.04	0.63	0.73	0.48		0.62	0.73	0.0	0.78	0.66	DIN
BLMN	-0.22	0.41	0.65	0.47	0.62		0.56	0.0	0.7	0.54	BLMN
BJRI	-0.4	0.93	0.86	0.66	0.73	0.56		0.0	0.93	0.67	BJRI
RUTH	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	RUTH
CAKE	-0.39	0.89	0.94	0.66	0.78	0.7	0.93	0.0		0.82	CAKE
EAT	-0.4	0.67	0.86	0.39	0.66	0.54	0.67	0.0	0.82		EAT
	YUM	WING	DRI	CMG	DIN	BLMN	BJRI	RUTH	CAKE	EAT

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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

CAKE	+ 0.94	DRI
BJRI	+ 0.93	WING
CAKE	+ 0.93	BJRI
CAKE	+ 0.89	WING
BJRI	+ 0.86	DRI
EAT	+ 0.86	DRI

High negative correlations

WING	- 0.51	YUM
EAT	- 0.4	YUM
BJRI	- 0.4	YUM
CAKE	- 0.39	YUM
DRI	- 0.33	YUM
BLMN	- 0.22	YUM

Risk-Adjusted Indicators

There is a big difference between Papa Stock performing well and Papa Johns 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 Papa Johns' 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
YUM	0.98	(0.19)	0.00	(0.34)	0.00	0.00	1.86	(1.95)	10.47
WING	2.51	0.82	0.34	0.80	1.76	(2.94)	6.96	(3.66)	20.40
DRI	1.28	0.27	0.17	0.37	1.18	(1.39)	4.32	(1.88)	10.01
CMG	1.71	0.14	0.08	0.16	1.76	(2.12)	4.17	(3.36)	14.17
DIN	2.61	0.16	0.05	0.14	2.94	(2.89)	5.95	(5.34)	17.47
BLMN	4.01	0.40	0.10	0.24	3.94	(5.02)	9.89	(7.81)	29.15
BJRI	2.13	0.56	0.19	0.51	2.20	(2.18)	6.20	(3.75)	17.68
RUTH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CAKE	1.98	0.38	0.14	0.37	2.54	(2.12)	4.79	(3.01)	14.52
EAT	2.64	0.47	0.11	0.41	3.76	(2.70)	6.29	(4.14)	24.87

Papa Johns Corporate Management

Christopher Collins	VP Treasury	Profile
Madeline Chadwick	Chief Officer	Profile
Amanda Clark	Chief International	Profile
Joe Sieve	Chief Officer	Profile
Clara Passafiume	Corporate Secretary	Profile
Joseph Sieve	Chief Officer	Profile

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