Arcos Dorados Correlations

ARCO Stock

USD 8.02 0.08 0.99%

The current 90-days correlation between Arcos Dorados Holdings and BJs Restaurants is 0.21 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Arcos Dorados moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Arcos Dorados Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Arcos Dorados Correlation With Market

Average diversification

The correlation between Arcos Dorados Holdings and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Arcos Dorados Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Arcos Dorados Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Arcos Stock

0.77	GHG	GreenTree Hospitality	Pair Corr
0.76	HTHT	Huazhu Group	Pair Corr

Moving against Arcos Stock

0.62	XPOF	Xponential Fitness	Pair Corr
0.55	FWRG	First Watch Restaurant	Pair Corr
0.55	LIND	Lindblad Expeditions Downward Rally	Pair Corr
0.51	BH	Biglari Holdings	Pair Corr
0.47	WH	Wyndham Hotels Resorts	Pair Corr
0.4	DPZ	Dominos Pizza	Pair Corr
0.39	BYD	Boyd Gaming	Pair Corr
0.39	EAT	Brinker International	Pair Corr
0.33	IHG	InterContinental Hotels	Pair Corr
0.63	RICK	RCI Hospitality Holdings Earnings Call Tomorrow	Pair Corr
0.54	PLNT	Planet Fitness	Pair Corr
0.43	SHAK	Shake Shack	Pair Corr
0.41	PNST	Pinstripes Holdings Symbol Change	Pair Corr
0.38	SDOT	Sadot Group	Pair Corr
0.36	CAKE	The Cheesecake Factory Buyout Trend	Pair Corr

Related Correlations Analysis

	BJRI	FRGI	DIN	EAT	RUTH	CHUY	BLMN	DENN	CAKE	PBPB
BJRI		0.34	0.67	0.79	0.62	0.67	-0.43	0.34	0.83	0.55	BJRI
FRGI	0.34		0.15	0.48	0.69	0.01	-0.17	0.23	0.49	0.09	FRGI
DIN	0.67	0.15		0.7	0.56	0.47	-0.51	0.46	0.76	0.74	DIN
EAT	0.79	0.48	0.7		0.88	0.46	-0.81	0.2	0.97	0.81	EAT
RUTH	0.62	0.69	0.56	0.88		0.25	-0.68	0.28	0.86	0.63	RUTH
CHUY	0.67	0.01	0.47	0.46	0.25		-0.25	0.37	0.52	0.34	CHUY
BLMN	-0.43	-0.17	-0.51	-0.81	-0.68	-0.25		0.15	-0.72	-0.86	BLMN
DENN	0.34	0.23	0.46	0.2	0.28	0.37	0.15		0.3	0.14	DENN
CAKE	0.83	0.49	0.76	0.97	0.86	0.52	-0.72	0.3		0.77	CAKE
PBPB	0.55	0.09	0.74	0.81	0.63	0.34	-0.86	0.14	0.77		PBPB
	BJRI	FRGI	DIN	EAT	RUTH	CHUY	BLMN	DENN	CAKE	PBPB

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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	+ 0.97	EAT
RUTH	+ 0.88	EAT
CAKE	+ 0.86	RUTH
CAKE	+ 0.83	BJRI
PBPB	+ 0.81	EAT
EAT	+ 0.79	BJRI

High negative correlations

PBPB	- 0.86	BLMN
BLMN	- 0.81	EAT
CAKE	- 0.72	BLMN
BLMN	- 0.68	RUTH
BLMN	- 0.51	DIN
BLMN	- 0.43	BJRI

Risk-Adjusted Indicators

There is a big difference between Arcos Stock performing well and Arcos Dorados 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 Arcos Dorados' 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
BJRI	2.11	0.17	0.10	0.21	2.30	(2.29)	4.59	(2.89)	13.19
FRGI	2.26	0.07	(0.04)	0.01	2.75	(2.41)	4.69	(3.69)	12.75
DIN	2.54	(0.05)	0.05	0.10	2.60	(2.78)	4.47	(4.39)	19.97
EAT	1.91	0.76	0.41	0.77	1.44	(2.47)	5.04	(1.82)	12.92
RUTH	1.40	0.37	0.19	0.78	0.94	(1.83)	1.75	(2.63)	34.37
CHUY	1.59	0.84	3.25	(7.82)	0.00	(1.83)	0.67	(0.27)	48.46
BLMN	2.42	(0.49)	0.00	(0.13)	0.00	0.00	4.72	(4.83)	17.75
DENN	2.55	0.01	0.02	0.12	3.56	(3.01)	6.40	(4.19)	26.32
CAKE	1.81	0.38	0.22	0.41	1.56	(2.17)	4.75	(2.32)	13.08
PBPB	2.08	0.14	0.18	0.17	1.43	(2.94)	4.24	(2.29)	24.84

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