Ark Restaurants Correlations

Stocks . USA . 
Stock . Ark Restaurants Corp
ARKR Stock  USD 10.14  0.21  2.03%   
The current 90-days correlation between Ark Restaurants Corp and Nathans Famous is -0.12 (i.e., Good diversification). The correlation of Ark Restaurants 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.

Ark Restaurants Correlation With Market

Average diversification

The correlation between Ark Restaurants Corp and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ark Restaurants Corp 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 Ark Restaurants Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with Ark Stock

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  0.62DHI DR HortonPairCorr
  0.66KTB Kontoor BrandsPairCorr
  0.68WHR WhirlpoolPairCorr
  0.74WWW Wolverine World WidePairCorr
  0.62JOUT Johnson OutdoorsPairCorr

Moving against Ark Stock

  0.69MCD McDonaldsPairCorr
  0.53BZUN Baozun IncPairCorr
  0.49HAS Hasbro IncPairCorr
  0.47MAT Mattel IncPairCorr
  0.46NKE Nike Inc Earnings Call TodayPairCorr
  0.32LTH Life Time GroupPairCorr
  0.82CBYDF Corby SpiritPairCorr
  0.7TCTZF Tencent HoldingsPairCorr
  0.61TTWO Take Two InteractivePairCorr
  0.6DOX AmdocsPairCorr
  0.56RBKB Rhinebeck BancorpPairCorr
  0.53AXSM Axsome TherapeuticsPairCorr
  0.52NVRO Nevro Corp Sell-off TrendPairCorr
  0.52CDUAF Canadian UtilitiesPairCorr
  0.48DNCVF Defiance Silver CorpPairCorr
  0.47TRGGF Tarachi Gold CorpPairCorr
  0.43BAOB Baraboo BancorporationPairCorr

Related Correlations Analysis

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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   
AUBN
+ 0.42
GTIM
BDL
+ 0.23
NATH
TAST
+ 0.0
NATH
TAST
+ 0.0
BDL
TAST
+ 0.0
GTIM
TAST
+ 0.0
AUBN
  
High negative correlations   
AUBN
- 0.7
NATH
AUBN
- 0.42
BDL
GTIM
- 0.21
NATH
GTIM
- 0.1
BDL
TAST
- 0.0
AUBN
TAST
- 0.0
GTIM

Risk-Adjusted Indicators

There is a big difference between Ark Stock performing well and Ark Restaurants 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 Ark Restaurants' 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.

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