Bright Horizons Correlations
| BFAM Stock | USD 126.52 1.79 1.44% |
The current 90-days correlation between Bright Horizons Family and Frontdoor is 0.34 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bright Horizons moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bright Horizons Family moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Bright Horizons Correlation With Market
Weak diversification
The correlation between Bright Horizons Family and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bright Horizons Family and DJI in the same portfolio, assuming nothing else is changed.
Bright |
Moving together with Bright Stock
| 0.84 | EM | Smart Share Global | PairCorr |
| 0.83 | EVRI | Everi Holdings | PairCorr |
| 0.91 | AGS | PlayAGS | PairCorr |
| 0.7 | DPZ | Dominos Pizza Common | PairCorr |
| 0.7 | DRI | Darden Restaurants | PairCorr |
| 0.82 | LNW | Light Wonder | PairCorr |
| 0.89 | LTH | Life Time Group | PairCorr |
| 0.62 | MCD | McDonalds | PairCorr |
Moving against Bright Stock
| 0.86 | WW | WW International | PairCorr |
| 0.83 | SG | Sweetgreen | PairCorr |
| 0.8 | CMG | Chipotle Mexican Grill | PairCorr |
| 0.7 | DNUT | Krispy Kreme | PairCorr |
| 0.67 | DIN | Dine Brands Global | PairCorr |
| 0.63 | H | Hyatt Hotels | PairCorr |
| 0.58 | WING | Wingstop | PairCorr |
| 0.43 | BH | Biglari Holdings | PairCorr |
| 0.38 | CUK | Carnival Plc ADS | PairCorr |
| 0.87 | GENK | GEN Restaurant Group, | PairCorr |
| 0.74 | GDHG | Golden Heaven Group Buyout Trend | PairCorr |
| 0.59 | RGS | Regis Common | PairCorr |
| 0.54 | GAN | Gan | PairCorr |
| 0.42 | WEN | The Wendys | PairCorr |
Related Correlations Analysis
| -0.2 | -0.49 | 0.8 | -0.18 | 0.0 | -0.57 | FTDR | ||
| -0.2 | 0.65 | 0.05 | -0.33 | 0.0 | 0.76 | EM | ||
| -0.49 | 0.65 | -0.07 | 0.1 | 0.0 | 0.82 | MCW | ||
| 0.8 | 0.05 | -0.07 | 0.06 | 0.0 | -0.1 | CSV | ||
| -0.18 | -0.33 | 0.1 | 0.06 | 0.0 | 0.12 | SCI | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | DSEY | ||
| -0.57 | 0.76 | 0.82 | -0.1 | 0.12 | 0.0 | ROL | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Bright Stock performing well and Bright Horizons 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 Bright Horizons' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FTDR | 1.95 | (0.50) | 0.00 | (0.46) | 0.00 | 2.96 | 23.72 | |||
| EM | 1.62 | 0.66 | 0.41 | (1.91) | 0.49 | 3.03 | 40.89 | |||
| MCW | 1.55 | 0.22 | 0.14 | 0.19 | 1.43 | 3.63 | 11.64 | |||
| CSV | 1.07 | (0.07) | 0.00 | (0.16) | 0.00 | 1.71 | 7.05 | |||
| SCI | 1.16 | (0.09) | 0.00 | (0.22) | 0.00 | 1.64 | 12.64 | |||
| DSEY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ROL | 0.81 | 0.13 | 0.15 | 0.31 | 0.95 | 2.00 | 6.23 |