Biglari Holdings Correlations

BH Stock

USD 211.81 12.22 5.45%

The current 90-days correlation between Biglari Holdings and Sweetgreen is 0.29 (i.e., Modest diversification). The correlation of Biglari Holdings 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.

Biglari Holdings Correlation With Market

Weak diversification

The correlation between Biglari Holdings and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Biglari 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 Biglari 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 rate.

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

Moving together with Biglari Stock

0.72

FUN

Six Flags Entertainment

Pair Corr

Moving against Biglari Stock

0.44	PSNYW	Polestar Automotive	Pair Corr
0.33	LTH	Life Time Group	Pair Corr
0.65	INVX	Innovex International, Symbol Change	Pair Corr
0.63	GORO	Gold Resource	Pair Corr
0.53	KEY-PI	KeyCorp	Pair Corr
0.52	RBKB	Rhinebeck Bancorp	Pair Corr
0.49	KGC	Kinross Gold Aggressive Push	Pair Corr
0.47	DNCVF	Defiance Silver Corp	Pair Corr
0.45	HII	Huntington Ingalls Sell-off Trend	Pair Corr
0.42	RKNEF	Optiva Inc	Pair Corr
0.42	CDR-PB	Cedar Realty Trust	Pair Corr
0.39	ZBH	Zimmer Biomet Holdings	Pair Corr
0.38	CVI	CVR Energy	Pair Corr

Related Correlations Analysis

	H	BH	EM	SG	WH	WW	DKNG	DNUT	CDROW	WING
H		0.5	-0.4	0.77	0.51	0.74	0.02	0.86	-0.04	0.91	H
BH	0.5		-0.57	0.31	0.41	0.43	0.15	0.57	0.51	0.48	BH
EM	-0.4	-0.57		-0.63	0.19	-0.7	0.44	-0.53	-0.44	-0.35	EM
SG	0.77	0.31	-0.63		-0.02	0.9	-0.41	0.75	-0.09	0.78	SG
WH	0.51	0.41	0.19	-0.02		0.07	0.75	0.45	0.23	0.43	WH
WW	0.74	0.43	-0.7	0.9	0.07		-0.35	0.82	0.0	0.7	WW
DKNG	0.02	0.15	0.44	-0.41	0.75	-0.35		0.09	0.24	0.08	DKNG
DNUT	0.86	0.57	-0.53	0.75	0.45	0.82	0.09		0.1	0.84	DNUT
CDROW	-0.04	0.51	-0.44	-0.09	0.23	0.0	0.24	0.1		-0.12	CDROW
WING	0.91	0.48	-0.35	0.78	0.43	0.7	0.08	0.84	-0.12		WING
	H	BH	EM	SG	WH	WW	DKNG	DNUT	CDROW	WING

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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

WING	+ 0.91	H
WW	+ 0.9	SG
DNUT	+ 0.86	H
WING	+ 0.84	DNUT
DNUT	+ 0.82	WW
WING	+ 0.78	SG

High negative correlations

WW	- 0.7	EM
SG	- 0.63	EM
EM	- 0.57	BH
DNUT	- 0.53	EM
CDROW	- 0.44	EM
DKNG	- 0.41	SG

Risk-Adjusted Indicators

There is a big difference between Biglari Stock performing well and Biglari Holdings 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 Biglari Holdings' 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
H	1.47	(0.30)	0.00	(0.40)	0.00	0.00	2.86	(3.94)	14.00
BH	2.11	0.02	0.00	(0.05)	0.00	0.00	4.32	(4.36)	16.56
EM	1.78	0.82	0.51	4.02	0.36	(3.91)	3.74	(1.30)	40.89
SG	3.13	(0.55)	0.00	(1.24)	0.00	0.00	5.41	(8.69)	16.63
WH	1.22	(0.19)	0.00	1.85	0.00	0.00	1.89	(3.98)	7.32
WW	6.03	(1.05)	0.00	4.50	0.00	0.00	12.60	(11.19)	46.56
DKNG	2.56	(0.07)	0.00	2.64	0.00	0.00	4.60	(5.18)	22.98
DNUT	2.52	(0.79)	0.00	(104.84)	0.00	0.00	5.22	(5.14)	28.46
CDROW	4.90	(0.11)	0.00	(2.33)	0.00	0.00	7.87	(12.24)	44.19
WING	2.32	(0.43)	0.00	(0.36)	0.00	0.00	3.30	(5.87)	17.94

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