Kura Sushi Correlations

KRUS Stock

USD 53.67 0.30 0.56%

The current 90-days correlation between Kura Sushi USA and Dennys Corp is 0.17 (i.e., Average diversification). The correlation of Kura Sushi 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.

Kura Sushi Correlation With Market

Modest diversification

The correlation between Kura Sushi USA and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kura Sushi USA and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kura Sushi USA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with Kura Stock

0.86	FUN	Six Flags Entertainment	Pair Corr
0.91	PLAY	Dave Busters Enterta	Pair Corr
0.67	FNKO	Funko Inc	Pair Corr
0.87	CRI	Carters	Pair Corr
0.68	DHI	DR Horton	Pair Corr
0.8	KTB	Kontoor Brands	Pair Corr
0.77	NVR	NVR Inc	Pair Corr
0.66	WHR	Whirlpool	Pair Corr
0.86	WWW	Wolverine World Wide	Pair Corr
0.61	GOLF	Acushnet Holdings Corp	Pair Corr
0.93	JOUT	Johnson Outdoors	Pair Corr
0.62	ARMK	Aramark Holdings	Pair Corr
0.78	COOK	Traeger	Pair Corr

Moving against Kura Stock

0.72	LTH	Life Time Group	Pair Corr
0.6	MCD	McDonalds	Pair Corr
0.6	MAT	Mattel Inc	Pair Corr
0.56	HAS	Hasbro Inc	Pair Corr
0.43	BZUN	Baozun Inc	Pair Corr
0.93	RBKB	Rhinebeck Bancorp	Pair Corr
0.91	GORO	Gold Resource	Pair Corr
0.85	NVRO	Nevro Corp	Pair Corr
0.84	INVX	Innovex International, Symbol Change	Pair Corr
0.74	FWEDF	Fireweed Zinc	Pair Corr
0.74	CDR-PB	Cedar Realty Trust	Pair Corr
0.72	KGC	Kinross Gold Aggressive Push	Pair Corr
0.72	KEY-PI	KeyCorp	Pair Corr
0.69	TTWO	Take Two Interactive	Pair Corr
0.64	TOI	Oncology Institute Earnings Call This Week	Pair Corr
0.59	BAOB	Baraboo Bancorporation	Pair Corr

Related Correlations Analysis

	EAT	DENN	BLMN	CHUY	JACK	DIN	RUTH	BJRI	FRGI	NDLS
EAT		0.25	0.22	0.0	0.06	0.01	0.0	0.42	0.0	0.74	EAT
DENN	0.25		0.91	0.0	0.79	0.79	0.0	0.42	0.0	-0.06	DENN
BLMN	0.22	0.91		0.0	0.8	0.8	0.0	0.44	0.0	-0.02	BLMN
CHUY	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	CHUY
JACK	0.06	0.79	0.8	0.0		0.72	0.0	0.49	0.0	-0.07	JACK
DIN	0.01	0.79	0.8	0.0	0.72		0.0	0.25	0.0	-0.19	DIN
RUTH	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	RUTH
BJRI	0.42	0.42	0.44	0.0	0.49	0.25	0.0		0.0	0.37	BJRI
FRGI	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	FRGI
NDLS	0.74	-0.06	-0.02	0.0	-0.07	-0.19	0.0	0.37	0.0		NDLS
	EAT	DENN	BLMN	CHUY	JACK	DIN	RUTH	BJRI	FRGI	NDLS

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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

BLMN	+ 0.91	DENN
JACK	+ 0.8	BLMN
DIN	+ 0.8	BLMN
JACK	+ 0.79	DENN
DIN	+ 0.79	DENN
NDLS	+ 0.74	EAT

High negative correlations

NDLS	- 0.19	DIN
NDLS	- 0.07	JACK
NDLS	- 0.06	DENN
NDLS	- 0.02	BLMN
NDLS	- 0.0	FRGI
FRGI	- 0.0	BJRI

Risk-Adjusted Indicators

There is a big difference between Kura Stock performing well and Kura Sushi 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 Kura Sushi'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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
EAT	2.77	0.38	0.10	0.16	3.28	(3.03)	5.96	(5.64)	24.04
DENN	2.83	(0.50)	0.00	(0.60)	0.00	0.00	5.40	(8.45)	30.15
BLMN	3.00	(0.45)	0.00	(0.41)	0.00	0.00	6.09	(6.39)	26.53
CHUY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JACK	2.60	(0.52)	0.00	(0.75)	0.00	0.00	4.58	(6.81)	21.64
DIN	2.16	(0.17)	0.00	(0.22)	0.00	0.00	3.73	(4.40)	16.16
RUTH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BJRI	1.63	(0.01)	0.00	(0.09)	0.00	0.00	3.35	(3.91)	13.32
FRGI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NDLS	5.96	1.10	0.20	5.13	5.20	(7.94)	15.87	(8.96)	39.09

Kura Sushi Corporate Management

Benjamin Porten	SVP Development	Profile
Brent Takao	Treasurer Officer	Profile
Arlene Petokas	Chief Officer	Profile
Sean Allameh	Chief Officer	Profile
Robert Kluger	Chief Officer	Profile

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