First Watch Correlations

First Watch Correlation With Market

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Watch Restaurant. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

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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 + 0.92 BLMN EAT + 0.86 CAKE BLMN + 0.8 DIN DENN + 0.79 DIN CAKE + 0.72 BJRI BJRI + 0.44 BLMN

High negative correlations    PZZA - 0.66 DENN PZZA - 0.57 DIN PZZA - 0.5 BLMN PZZA - 0.01 EAT PZZA - 0.0 CHUY DENN - 0.0 CHUY

Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Watch 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 First Watch'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.