Dine Brands Correlations

DIN Stock

USD 24.45 0.84 3.32%

The current 90-days correlation between Dine Brands Global and Bloomin Brands is 0.67 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Dine Brands moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dine Brands Global moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Dine Brands Correlation With Market

Weak diversification

The correlation between Dine Brands Global and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dine Brands Global and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dine Brands Global. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Dine Stock

0.75	WING	Wingstop	Pair Corr
0.78	CMG	Chipotle Mexican Grill	Pair Corr
0.8	BLMN	Bloomin Brands	Pair Corr
0.76	M	Macys Inc	Pair Corr
0.75	W	Wayfair	Pair Corr
0.71	RH	RH Earnings Call This Week	Pair Corr
0.87	UA	Under Armour C	Pair Corr
0.81	VSCO	Victorias Secret	Pair Corr
0.67	ETSY	Etsy Inc	Pair Corr
0.63	BLD	Topbuild Corp	Pair Corr
0.69	BZH	Beazer Homes USA	Pair Corr
0.76	CCS	Century Communities	Pair Corr
0.62	DKS	Dicks Sporting Goods	Pair Corr
0.76	XELB	Xcel Brands	Pair Corr
0.77	FND	Floor Decor Holdings	Pair Corr
0.79	HOV	Hovnanian Enterprises	Pair Corr

Moving against Dine Stock

0.74	YUM	Yum Brands	Pair Corr
0.71	NATH	Nathans Famous	Pair Corr
0.62	VIPS	Vipshop Holdings	Pair Corr
0.59	MCD	McDonalds	Pair Corr
0.55	PZZA	Papa Johns International	Pair Corr
0.48	JD	JD Inc Adr	Pair Corr
0.59	AZO	AutoZone	Pair Corr
0.43	JWN	Nordstrom	Pair Corr

Related Correlations Analysis

	BLMN	BJRI	RUTH	CAKE	EAT	DENN	FRGI	PZZA
BLMN		0.46	0.0	0.45	0.25	0.91	0.0	-0.5	BLMN
BJRI	0.46		0.0	0.72	0.43	0.43	0.0	0.11	BJRI
RUTH	0.0	0.0		0.0	0.0	0.0	0.0	0.0	RUTH
CAKE	0.45	0.72	0.0		0.85	0.38	0.0	0.13	CAKE
EAT	0.25	0.43	0.0	0.85		0.27	0.0	-0.02	EAT
DENN	0.91	0.43	0.0	0.38	0.27		0.0	-0.66	DENN
FRGI	0.0	0.0	0.0	0.0	0.0	0.0		0.0	FRGI
PZZA	-0.5	0.11	0.0	0.13	-0.02	-0.66	0.0		PZZA
	BLMN	BJRI	RUTH	CAKE	EAT	DENN	FRGI	PZZA

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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

DENN	+ 0.91	BLMN
EAT	+ 0.85	CAKE
CAKE	+ 0.72	BJRI
BJRI	+ 0.46	BLMN
CAKE	+ 0.45	BLMN
EAT	+ 0.43	BJRI

High negative correlations

PZZA	- 0.66	DENN
PZZA	- 0.5	BLMN
PZZA	- 0.02	EAT
PZZA	- 0.0	FRGI
FRGI	- 0.0	DENN
FRGI	- 0.0	EAT

Risk-Adjusted Indicators

There is a big difference between Dine Stock performing well and Dine Brands 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 Dine Brands' 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
BLMN	3.04	(0.49)	0.00	(0.44)	0.00	0.00	6.09	(6.39)	26.53
BJRI	1.63	(0.01)	0.00	(0.08)	0.00	0.00	3.35	(3.91)	13.32
RUTH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CAKE	1.84	0.08	0.00	(0.01)	0.00	0.00	3.12	(4.35)	12.10
EAT	2.78	0.36	0.09	0.15	3.23	(3.12)	5.96	(5.64)	24.04
DENN	2.85	(0.55)	0.00	(0.65)	0.00	0.00	5.40	(8.45)	30.15
FRGI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PZZA	2.83	0.13	0.05	0.10	3.01	(3.31)	5.55	(5.45)	25.57

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