Nathans Famous Correlations

NATH Stock

USD 94.05 1.44 1.51%

The current 90-days correlation between Nathans Famous and Good Times Restaurants is -0.14 (i.e., Good 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

Weak diversification

The correlation between Nathans Famous and DJI is 0.34 (i.e., Weak 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

0.7	LTH	Life Time Group	Pair Corr
0.85	MCD	McDonalds	Pair Corr
0.86	HAS	Hasbro Inc	Pair Corr
0.85	MAT	Mattel Inc	Pair Corr
0.69	BZUN	Baozun Inc	Pair Corr
0.7	LION	Lionsgate Studios Corp	Pair Corr
0.68	DOX	Amdocs	Pair Corr
0.61	DNCVF	Defiance Silver Corp	Pair Corr
0.69	TCTZF	Tencent Holdings	Pair Corr
0.65	FWEDF	Fireweed Zinc	Pair Corr
0.78	TRGGF	Tarachi Gold Corp	Pair Corr

Moving against Nathans Stock

0.87	WWW	Wolverine World Wide	Pair Corr
0.81	NVR	NVR Inc	Pair Corr
0.76	JOUT	Johnson Outdoors	Pair Corr
0.75	DHI	DR Horton	Pair Corr
0.73	PLAY	Dave Busters Enterta	Pair Corr
0.71	CRI	Carters	Pair Corr
0.68	WHR	Whirlpool	Pair Corr
0.64	KTB	Kontoor Brands	Pair Corr
0.58	GOLF	Acushnet Holdings Corp	Pair Corr
0.49	FUN	Six Flags Entertainment	Pair Corr
0.49	ARMK	Aramark Holdings	Pair Corr
0.41	FNKO	Funko Inc	Pair Corr
0.41	COOK	Traeger	Pair Corr
0.38	FORD	Forward Industries	Pair Corr
0.37	HD	Home Depot	Pair Corr
0.45	HII	Huntington Ingalls	Pair Corr

Related Correlations Analysis

	NROM	GTIM	BDVB	BDL	FRGI	FATBB	LOCO	ARKR	BH
NROM		0.21	0.15	0.05	0.0	0.57	0.28	0.39	-0.12	NROM
GTIM	0.21		0.33	-0.16	0.0	0.1	0.27	0.18	0.39	GTIM
BDVB	0.15	0.33		-0.36	0.0	-0.14	0.42	0.7	0.32	BDVB
BDL	0.05	-0.16	-0.36		0.0	0.35	-0.03	0.02	-0.2	BDL
FRGI	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	FRGI
FATBB	0.57	0.1	-0.14	0.35	0.0		0.41	0.18	-0.05	FATBB
LOCO	0.28	0.27	0.42	-0.03	0.0	0.41		0.34	0.51	LOCO
ARKR	0.39	0.18	0.7	0.02	0.0	0.18	0.34		-0.03	ARKR
BH	-0.12	0.39	0.32	-0.2	0.0	-0.05	0.51	-0.03		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

ARKR	+ 0.7	BDVB
FATBB	+ 0.57	NROM
BH	+ 0.51	LOCO
LOCO	+ 0.42	BDVB
LOCO	+ 0.41	FATBB
ARKR	+ 0.39	NROM

High negative correlations

BDL	- 0.36	BDVB
BH	- 0.2	BDL
BDL	- 0.16	GTIM
FATBB	- 0.14	BDVB
BH	- 0.12	NROM
BH	- 0.05	FATBB

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	7.08	0.62	0.03	0.09	8.27	(13.40)	23.53	(19.05)	53.47
GTIM	1.32	(0.01)	0.03	0.00	1.75	(1.54)	2.87	(3.15)	8.35
BDVB	1.18	(0.31)	0.00	(0.89)	0.00	0.00	0.20	(5.36)	31.25
BDL	1.13	0.01	0.05	(0.24)	1.47	(1.30)	2.30	(2.57)	7.74
FRGI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FATBB	3.97	0.16	0.04	(0.64)	5.46	(4.04)	8.43	(9.85)	32.00
LOCO	1.45	(0.21)	0.00	(0.27)	0.00	0.00	2.44	(3.12)	10.46
ARKR	3.29	(0.18)	0.00	(0.34)	0.00	0.00	9.73	(7.90)	24.40
BH	2.12	0.03	0.00	(0.04)	0.00	0.00	4.32	(4.36)	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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