Nathans Famous Correlations

NATH Stock

USD 100.91 1.00 0.98%

The current 90-days correlation between Nathans Famous and Good Times Restaurants is 0.19 (i.e., Average diversification). The correlation of Nathans Famous 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.

Nathans Famous Correlation With Market

Modest diversification

The correlation between Nathans Famous and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nathans Famous 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 Nathans Famous. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more detail on how to invest in Nathans Stock please use our How to Invest in Nathans Famous guide.

Moving together with Nathans Stock

0.62	LTH	Life Time Group Buyout Trend	Pair Corr
0.83	MCD	McDonalds	Pair Corr
0.91	YUM	Yum Brands	Pair Corr
0.61	GPC	Genuine Parts	Pair Corr
0.83	MAT	Mattel Inc	Pair Corr
0.77	CPNG	Coupang LLC	Pair Corr
0.94	KO	Coca Cola Aggressive Push	Pair Corr
0.72	KOREF	KORE Mining	Pair Corr
0.64	AAMMF	Almadex Minerals	Pair Corr

Moving against Nathans Stock

0.77	SDA	SunCar Technology	Pair Corr
0.71	TSLA	Tesla Inc	Pair Corr
0.69	MODG	Callaway Golf	Pair Corr
0.67	JOUT	Johnson Outdoors	Pair Corr
0.62	DBI	Designer Brands	Pair Corr
0.53	PLNT	Planet Fitness	Pair Corr
0.52	PPERF	Bank Mandiri Persero	Pair Corr
0.49	PPERY	Bank Mandiri Persero	Pair Corr
0.43	GOLF	Acushnet Holdings Corp	Pair Corr
0.33	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.65	MRK	Merck Company Aggressive Push	Pair Corr
0.43	PBCRY	Bank Central Asia	Pair Corr
0.41	CAT	Caterpillar	Pair Corr
0.4	PBCRF	PT Bank Central	Pair Corr
0.39	PTAIY	Astra International Tbk	Pair Corr
0.36	TLK	Telkom Indonesia Tbk	Pair Corr

Related Correlations Analysis

	NROM	GTIM	BDVB	BDL	FRGI	FATBB	LOCO	ARKR	BH
NROM		-0.32	-0.29	0.21	0.0	0.53	-0.11	0.26	-0.23	NROM
GTIM	-0.32		0.5	-0.21	0.0	-0.34	0.51	-0.13	-0.36	GTIM
BDVB	-0.29	0.5		-0.5	0.0	-0.52	0.11	0.1	-0.38	BDVB
BDL	0.21	-0.21	-0.5		0.0	0.5	-0.01	0.19	0.06	BDL
FRGI	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	FRGI
FATBB	0.53	-0.34	-0.52	0.5	0.0		0.1	0.14	0.02	FATBB
LOCO	-0.11	0.51	0.11	-0.01	0.0	0.1		-0.38	-0.25	LOCO
ARKR	0.26	-0.13	0.1	0.19	0.0	0.14	-0.38		-0.09	ARKR
BH	-0.23	-0.36	-0.38	0.06	0.0	0.02	-0.25	-0.09		BH
	NROM	GTIM	BDVB	BDL	FRGI	FATBB	LOCO	ARKR	BH

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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

FATBB	+ 0.53	NROM
LOCO	+ 0.51	GTIM
BDVB	+ 0.5	GTIM
FATBB	+ 0.5	BDL
ARKR	+ 0.26	NROM
BDL	+ 0.21	NROM

High negative correlations

FATBB	- 0.52	BDVB
BDL	- 0.5	BDVB
ARKR	- 0.38	LOCO
BH	- 0.38	BDVB
BH	- 0.36	GTIM
FATBB	- 0.34	GTIM

Risk-Adjusted Indicators

There is a big difference between Nathans Stock performing well and Nathans Famous 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 Nathans Famous' 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
NROM	6.87	0.72	0.05	0.32	7.83	(12.01)	22.50	(16.67)	53.47
GTIM	1.30	(0.09)	0.00	(0.91)	0.00	0.00	2.83	(3.57)	8.35
BDVB	1.85	(0.49)	0.00	(3.42)	0.00	0.00	0.32	(8.06)	31.25
BDL	0.91	0.03	0.04	0.25	1.05	(1.20)	2.20	(2.01)	5.12
FRGI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FATBB	3.92	0.27	0.05	0.34	5.11	(4.07)	8.43	(8.14)	30.08
LOCO	1.39	(0.07)	0.00	(0.10)	0.00	0.00	2.64	(2.96)	10.43
ARKR	3.98	0.26	0.07	(1.22)	4.10	(4.95)	15.44	(7.90)	35.13
BH	1.90	0.28	0.11	0.43	2.34	(1.96)	3.94	(3.98)	16.56

Nathans Famous Corporate Executives

Elected by the shareholders, the Nathans Famous' board of directors comprises two types of representatives: Nathans Famous inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Nathans. The board's role is to monitor Nathans Famous' management team and ensure that shareholders' interests are well served. Nathans Famous' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Nathans Famous' outside directors are responsible for providing unbiased perspectives on the board's policies.

	Robert CPA	CFO, Finance	Profile
	Robert Steinberg	CFO, Finance	Profile

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