FAT Brands Correlations

FATBB Stock

USD 2.75 0.22 7.41%

The current 90-days correlation between FAT Brands and FAT Brands is 0.18 (i.e., Average diversification). The correlation of FAT Brands 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.

FAT Brands Correlation With Market

Modest diversification

The correlation between FAT Brands and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FAT Brands 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 FAT Brands. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For information on how to trade FAT Stock refer to our How to Trade FAT Stock guide.

Moving together with FAT Stock

0.74	NDLS	Noodles Company	Pair Corr
0.66	DRI	Darden Restaurants	Pair Corr
0.9	EAT	Brinker International	Pair Corr
0.79	FAT	FAT Brands	Pair Corr
0.7	FWRG	First Watch Restaurant	Pair Corr
0.8	PBPB	Potbelly	Pair Corr
0.67	PTLO	Portillos	Pair Corr

Moving against FAT Stock

0.51	HDL	SUPER HI INTERNATIONAL	Pair Corr
0.31	QSR	Restaurant Brands	Pair Corr
0.62	WEN	The Wendys	Pair Corr
0.59	RAVE	Rave Restaurant Group	Pair Corr
0.38	GENK	GEN Restaurant Group,	Pair Corr
0.69	SDOT	Sadot Group	Pair Corr
0.48	CHSN	Chanson International	Pair Corr
0.41	THCH	TH International	Pair Corr

Related Correlations Analysis

	FATBP	EAT	CHUY	JACK	PBPB	BJRI	STKS	RAVE	ARKR
FATBP		0.5	0.0	0.14	0.61	0.35	0.45	-0.2	0.27	FATBP
EAT	0.5		0.0	0.3	0.84	0.51	0.73	-0.43	0.14	EAT
CHUY	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	CHUY
JACK	0.14	0.3	0.0		0.31	0.52	0.54	-0.61	0.5	JACK
PBPB	0.61	0.84	0.0	0.31		0.6	0.75	-0.36	0.05	PBPB
BJRI	0.35	0.51	0.0	0.52	0.6		0.58	-0.1	0.18	BJRI
STKS	0.45	0.73	0.0	0.54	0.75	0.58		-0.51	0.48	STKS
RAVE	-0.2	-0.43	0.0	-0.61	-0.36	-0.1	-0.51		-0.51	RAVE
ARKR	0.27	0.14	0.0	0.5	0.05	0.18	0.48	-0.51		ARKR
	FATBP	EAT	CHUY	JACK	PBPB	BJRI	STKS	RAVE	ARKR

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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	+ 0.84	EAT
STKS	+ 0.75	PBPB
STKS	+ 0.73	EAT
PBPB	+ 0.61	FATBP
BJRI	+ 0.6	PBPB
STKS	+ 0.58	BJRI

High negative correlations

RAVE	- 0.61	JACK
ARKR	- 0.51	RAVE
RAVE	- 0.51	STKS
RAVE	- 0.43	EAT
RAVE	- 0.36	PBPB
RAVE	- 0.2	FATBP

Risk-Adjusted Indicators

There is a big difference between FAT Stock performing well and FAT 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 FAT 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
FATBP	0.65	0.08	0.18	0.51	0.66	(0.84)	1.60	(1.32)	6.36
EAT	2.76	0.09	0.07	(0.17)	3.19	(3.22)	5.96	(5.64)	24.04
CHUY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JACK	2.47	(0.33)	0.00	(0.55)	0.00	0.00	4.17	(6.82)	21.61
PBPB	2.52	0.09	0.04	(0.40)	4.27	(2.65)	4.28	(4.51)	32.87
BJRI	1.51	(0.12)	0.00	0.33	0.00	0.00	2.82	(3.85)	13.32
STKS	2.86	(0.02)	0.02	(0.03)	3.32	(3.45)	6.57	(4.90)	20.30
RAVE	2.53	0.04	0.07	(0.11)	3.00	(3.19)	4.93	(4.63)	26.27
ARKR	2.95	(0.03)	0.00	(0.14)	0.00	0.00	4.61	(5.60)	24.40

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