Texas Roadhouse Correlations

TXRH Stock

USD 183.01 1.07 0.58%

The current 90-days correlation between Texas Roadhouse and The Cheesecake Factory is 0.02 (i.e., Significant diversification). The correlation of Texas Roadhouse 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.

Texas Roadhouse Correlation With Market

Good diversification

The correlation between Texas Roadhouse and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Texas Roadhouse and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Texas Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Texas Roadhouse. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

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

Moving together with Texas Stock

0.7	RRR	Red Rock Resorts	Pair Corr
0.83	FL	Foot Locker Sell-off Trend	Pair Corr
0.9	RL	Ralph Lauren Corp	Pair Corr
0.88	VUZI	Vuzix Corp Cmn	Pair Corr
0.7	EPSM	Epsium Enterprise	Pair Corr
0.72	BBY	Best Buy	Pair Corr
0.76	BKE	Buckle Inc	Pair Corr
0.83	FOSL	Fossil Group	Pair Corr
0.76	HVT	Haverty Furniture Earnings Call This Week	Pair Corr
0.62	LEG	Leggett Platt Earnings Call This Week	Pair Corr
0.81	UAA	Under Armour A Aggressive Push	Pair Corr
0.8	GRPN	Groupon	Pair Corr
0.66	SCVL	Shoe Carnival	Pair Corr
0.68	ARHS	Arhaus Inc	Pair Corr
0.75	SONO	Sonos Inc	Pair Corr
0.84	URBN	Urban Outfitters	Pair Corr
0.7	VVA	Viva Leisure	Pair Corr

Moving against Texas Stock

0.54	TOY	Toys R ANZ	Pair Corr
0.68	603057	Shanghai Ziyan Foods	Pair Corr
0.53	FVR	FrontView REIT,	Pair Corr
0.4	07274NBG7	BAYNGR 5 15	Pair Corr

Related Correlations Analysis

	CAKE	DRI	WING	DPZ	CBRL	BJRI	EAT	RRGB
CAKE		0.76	0.69	-0.64	0.94	0.67	0.76	0.9	CAKE
DRI	0.76		0.84	-0.69	0.71	0.81	0.87	0.77	DRI
WING	0.69	0.84		-0.49	0.73	0.9	0.64	0.72	WING
DPZ	-0.64	-0.69	-0.49		-0.51	-0.47	-0.74	-0.72	DPZ
CBRL	0.94	0.71	0.73	-0.51		0.74	0.67	0.81	CBRL
BJRI	0.67	0.81	0.9	-0.47	0.74		0.61	0.61	BJRI
EAT	0.76	0.87	0.64	-0.74	0.67	0.61		0.8	EAT
RRGB	0.9	0.77	0.72	-0.72	0.81	0.61	0.8		RRGB
	CAKE	DRI	WING	DPZ	CBRL	BJRI	EAT	RRGB

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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

CBRL	+ 0.94	CAKE
RRGB	+ 0.9	CAKE
BJRI	+ 0.9	WING
EAT	+ 0.87	DRI
WING	+ 0.84	DRI
BJRI	+ 0.81	DRI

High negative correlations

EAT	- 0.74	DPZ
RRGB	- 0.72	DPZ
DPZ	- 0.69	DRI
DPZ	- 0.64	CAKE
CBRL	- 0.51	DPZ
DPZ	- 0.49	WING

Risk-Adjusted Indicators

There is a big difference between Texas Stock performing well and Texas Roadhouse 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 Texas Roadhouse's 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
CAKE	1.54	0.38	0.19	0.56	1.49	(1.74)	3.72	(2.92)	8.70
DRI	0.96	0.11	(0.10)	(0.25)	0.97	(1.06)	2.74	(1.88)	6.88
WING	2.05	0.44	0.22	0.56	1.58	(2.42)	5.54	(3.19)	20.40
DPZ	0.94	(0.01)	0.00	0.50	0.00	0.00	1.82	(1.88)	6.48
CBRL	2.61	0.63	0.19	0.84	2.69	(3.03)	6.66	(4.25)	21.62
BJRI	1.83	0.25	0.12	0.42	1.78	(1.98)	4.56	(3.38)	17.68
EAT	2.07	0.20	(0.01)	(0.53)	3.17	(2.17)	4.41	(3.31)	19.63
RRGB	5.29	1.40	0.36	0.78	3.65	(7.14)	10.43	(6.47)	72.79

Texas Roadhouse Corporate Management

Michael Bailen	Head Relations	Profile
Regina Tobin	Chief Officer	Profile
Hernan Mujica	Chief Officer	Profile
Christopher Colson	Corporate Officer	Profile
Travis Doster	Chief Officer	Profile

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