Potbelly Correlations

PBPB Stock

USD 9.22 0.03 0.32%

The correlation of Potbelly 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.

Potbelly Correlation With Market

Weak diversification

The correlation between Potbelly Co and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Potbelly Co and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Potbelly Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Potbelly Stock

0.79	LTH	Life Time Group	Pair Corr
0.63	XPOF	Xponential Fitness	Pair Corr
0.65	FORD	Forward Industries	Pair Corr
0.7	JAKK	JAKKS Pacific	Pair Corr
0.62	PRPL	Purple Innovation	Pair Corr
0.67	RKNEF	Optiva Inc	Pair Corr

Moving against Potbelly Stock

0.61	GOLF	Acushnet Holdings Corp	Pair Corr
0.35	NVR	NVR Inc	Pair Corr
0.33	JOUT	Johnson Outdoors	Pair Corr
0.49	HII	Huntington Ingalls	Pair Corr
0.46	RTMVF	Rightmove plc	Pair Corr
0.34	CDUAF	Canadian Utilities	Pair Corr

Related Correlations Analysis

	CHUY	FATBB	BJRI	STKS	FRGI	LOCO	DIN	EAT	RUTH	BLMN
CHUY		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	CHUY
FATBB	0.0		0.31	0.71	0.0	0.41	0.11	0.91	0.0	0.32	FATBB
BJRI	0.0	0.31		0.52	0.0	0.47	0.24	0.4	0.0	0.43	BJRI
STKS	0.0	0.71	0.52		0.0	0.52	0.37	0.72	0.0	0.53	STKS
FRGI	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	FRGI
LOCO	0.0	0.41	0.47	0.52	0.0		0.57	0.32	0.0	0.82	LOCO
DIN	0.0	0.11	0.24	0.37	0.0	0.57		-0.02	0.0	0.8	DIN
EAT	0.0	0.91	0.4	0.72	0.0	0.32	-0.02		0.0	0.2	EAT
RUTH	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	RUTH
BLMN	0.0	0.32	0.43	0.53	0.0	0.82	0.8	0.2	0.0		BLMN
	CHUY	FATBB	BJRI	STKS	FRGI	LOCO	DIN	EAT	RUTH	BLMN

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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

EAT	+ 0.91	FATBB
BLMN	+ 0.82	LOCO
BLMN	+ 0.8	DIN
EAT	+ 0.72	STKS
STKS	+ 0.71	FATBB
DIN	+ 0.57	LOCO

High negative correlations

EAT	- 0.02	DIN
BLMN	- 0.0	RUTH
RUTH	- 0.0	EAT
RUTH	- 0.0	DIN
RUTH	- 0.0	LOCO
BLMN	- 0.0	FRGI

Risk-Adjusted Indicators

There is a big difference between Potbelly Stock performing well and Potbelly 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 Potbelly'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
CHUY	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
BJRI	1.59	(0.10)	0.00	(0.20)	0.00	0.00	3.24	(3.91)	13.32
STKS	2.85	(0.01)	0.00	(0.08)	0.00	0.00	6.57	(5.12)	20.30
FRGI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LOCO	1.45	(0.21)	0.00	(0.27)	0.00	0.00	2.44	(3.12)	10.46
DIN	2.15	(0.20)	0.00	(0.25)	0.00	0.00	3.73	(4.40)	16.16
EAT	2.75	0.32	0.08	0.11	3.26	(3.04)	5.96	(5.64)	24.04
RUTH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BLMN	2.99	(0.51)	0.00	(0.45)	0.00	0.00	6.09	(6.39)	26.53

Potbelly Corporate Management

Adam Noyes	COO VP	Profile
Steven Cirulis	CFO VP	Profile
Larry Strain	Chief Officer	Profile
Patrick Walsh	Chief Officer	Profile
Scott Swayne	Chief Officer	Profile
Jeffrey Douglas	Senior Officer	Profile
Adiya Dixon	Chief Sec	Profile

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