Brinker International Correlations

EAT Stock

USD 158.40 0.00 0.00%

The current 90-days correlation between Brinker International and Bloomin Brands is 0.36 (i.e., Weak diversification). The correlation of Brinker International 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.

Brinker International Correlation With Market

Average diversification

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

For more information on how to buy Brinker Stock please use our How to Invest in Brinker International guide.

Moving together with Brinker Stock

0.74	PRDO	Perdoceo Education Corp Earnings Call This Week	Pair Corr
0.75	APTV	Aptiv PLC	Pair Corr
0.85	EC	Ecopetrol SA ADR	Pair Corr
0.73	PLTR	Palantir Technologies Aggressive Push	Pair Corr
0.67	DUOT	Duos Technologies	Pair Corr
0.8	WMT	Walmart Earnings Call This Week	Pair Corr
0.77	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.81	IBM	International Business	Pair Corr

Moving against Brinker Stock

0.82	AXL	American Axle Manufa Buyout Trend	Pair Corr
0.73	KSS	Kohls Corp	Pair Corr
0.67	CNTY	Century Casinos	Pair Corr
0.63	TXRH	Texas Roadhouse	Pair Corr
0.59	MLCO	Melco Resorts Entert Buyout Trend	Pair Corr
0.59	F	Ford Motor Aggressive Push	Pair Corr
0.52	HVT	Heavitree Brewery Earnings Call Today	Pair Corr
0.47	VSCO	Victorias Secret	Pair Corr
0.46	SHG	Shinhan Financial	Pair Corr
0.45	TLK	Telkom Indonesia Tbk	Pair Corr
0.44	KEP	Korea Electric Power Earnings Call This Week	Pair Corr
0.42	VFS	VinFast Auto Earnings Call This Week	Pair Corr
0.4	MGM	MGM Resorts International	Pair Corr
0.34	GME	GameStop Corp Aggressive Push	Pair Corr
0.32	KB	KB Financial Group	Pair Corr
0.66	AA	Alcoa Corp	Pair Corr
0.66	HPQ	HP Inc	Pair Corr
0.51	XOM	Exxon Mobil Corp	Pair Corr
0.5	INTC	Intel Aggressive Push	Pair Corr
0.46	DD	Dupont De Nemours	Pair Corr
0.38	TRV	The Travelers Companies	Pair Corr
0.35	CAT	Caterpillar Sell-off Trend	Pair Corr

Related Correlations Analysis

	DENN	BLMN	CHUY	JACK	RUTH	DIN	BJRI	FRGI	TXRH	PZZA
DENN		0.68	0.0	0.43	0.0	0.59	0.48	0.0	0.46	0.25	DENN
BLMN	0.68		0.0	0.73	0.0	0.86	0.68	0.0	0.82	0.64	BLMN
CHUY	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	CHUY
JACK	0.43	0.73	0.0		0.0	0.8	0.43	0.0	0.87	0.82	JACK
RUTH	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	RUTH
DIN	0.59	0.86	0.0	0.8	0.0		0.57	0.0	0.89	0.67	DIN
BJRI	0.48	0.68	0.0	0.43	0.0	0.57		0.0	0.51	0.3	BJRI
FRGI	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	FRGI
TXRH	0.46	0.82	0.0	0.87	0.0	0.89	0.51	0.0		0.72	TXRH
PZZA	0.25	0.64	0.0	0.82	0.0	0.67	0.3	0.0	0.72		PZZA
	DENN	BLMN	CHUY	JACK	RUTH	DIN	BJRI	FRGI	TXRH	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

TXRH	+ 0.89	DIN
TXRH	+ 0.87	JACK
DIN	+ 0.86	BLMN
TXRH	+ 0.82	BLMN
PZZA	+ 0.82	JACK
DIN	+ 0.8	JACK

High negative correlations

PZZA	- 0.0	FRGI
TXRH	- 0.0	FRGI
FRGI	- 0.0	BJRI
FRGI	- 0.0	DIN
PZZA	- 0.0	RUTH
TXRH	- 0.0	RUTH

Risk-Adjusted Indicators

There is a big difference between Brinker Stock performing well and Brinker International 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 Brinker International's 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
DENN	2.74	(0.46)	(0.34)	5.40	(5.53)	30.21
BLMN	2.31	(0.41)	(0.27)	5.52	(4.23)	15.29
CHUY	0.00	0.00	0.00	0.00	0.00	0.00
JACK	2.07	(0.25)	(0.37)	4.24	(3.71)	11.27
RUTH	0.00	0.00	0.00	0.00	0.00	0.00
DIN	2.04	(0.38)	(0.28)	3.38	(4.38)	14.52
BJRI	1.56	(0.01)	(0.02)	3.44	(2.89)	11.88
FRGI	0.00	0.00	0.00	0.00	0.00	0.00
TXRH	1.02	(0.21)	(0.42)	1.92	(2.11)	7.97
PZZA	2.51	(0.09)	(0.06)	5.40	(4.87)	11.04

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