Flanigans Enterprises Correlations

BDL Stock

USD 24.61 0.39 1.56%

The current 90-days correlation between Flanigans Enterprises and FAT Brands is -0.14 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Flanigans Enterprises moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Flanigans Enterprises moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Flanigans Enterprises Correlation With Market

Good diversification

The correlation between Flanigans Enterprises 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 Flanigans Enterprises 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 Flanigans Enterprises. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For more information on how to buy Flanigans Stock please use our How to buy in Flanigans Stock guide.

Moving against Flanigans Stock

0.32	M	Macys Inc	Pair Corr
0.36	BZH	Beazer Homes USA	Pair Corr
0.35	KSS	Kohls Corp	Pair Corr
0.34	MHO	MI Homes	Pair Corr

Related Correlations Analysis

	CHUY	FATBB	PBPB	BJRI	STKS	RAVE	ARKR	FRGI	BH-A
CHUY		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	CHUY
FATBB	0.0		0.8	0.33	0.72	-0.61	0.22	0.0	-0.1	FATBB
PBPB	0.0	0.8		0.54	0.77	-0.39	0.09	0.0	-0.08	PBPB
BJRI	0.0	0.33	0.54		0.54	-0.03	0.19	0.0	0.39	BJRI
STKS	0.0	0.72	0.77	0.54		-0.5	0.5	0.0	-0.08	STKS
RAVE	0.0	-0.61	-0.39	-0.03	-0.5		-0.45	0.0	-0.12	RAVE
ARKR	0.0	0.22	0.09	0.19	0.5	-0.45		0.0	0.01	ARKR
FRGI	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	FRGI
BH-A	0.0	-0.1	-0.08	0.39	-0.08	-0.12	0.01	0.0		BH-A
	CHUY	FATBB	PBPB	BJRI	STKS	RAVE	ARKR	FRGI	BH-A

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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

PBPB	+ 0.8	FATBB
STKS	+ 0.77	PBPB
STKS	+ 0.72	FATBB
BJRI	+ 0.54	PBPB
STKS	+ 0.54	BJRI
ARKR	+ 0.5	STKS

High negative correlations

RAVE	- 0.61	FATBB
RAVE	- 0.5	STKS
ARKR	- 0.45	RAVE
RAVE	- 0.39	PBPB
BH-A	- 0.12	RAVE
BH-A	- 0.1	FATBB

Risk-Adjusted Indicators

There is a big difference between Flanigans Stock performing well and Flanigans Enterprises 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 Flanigans Enterprises' 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
CHUY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FATBB	3.99	0.35	0.07	(1.34)	5.28	(4.14)	8.43	(9.85)	32.00
PBPB	2.53	0.10	0.02	0.00	4.26	(2.54)	4.28	(5.54)	32.87
BJRI	1.63	(0.01)	0.00	(0.08)	0.00	0.00	3.35	(3.91)	13.32
STKS	2.85	0.11	0.00	(0.02)	0.00	0.00	6.57	(5.12)	20.30
RAVE	2.49	0.01	0.00	(0.06)	0.00	0.00	4.93	(4.63)	26.27
ARKR	3.12	(0.32)	0.00	(0.53)	0.00	0.00	4.61	(7.90)	24.40
FRGI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BH-A	2.22	(0.01)	0.00	(0.09)	0.00	0.00	4.95	(5.58)	18.82

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