Dave Busters Correlations

PLAY Stock

USD 19.73 0.52 2.57%

The current 90-days correlation between Dave Busters Enterta and Imax Corp is 0.28 (i.e., Modest diversification). The correlation of Dave Busters 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.

Dave Busters Correlation With Market

Modest diversification

The correlation between Dave Busters Entertainment and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dave Busters Entertainment 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 Dave Busters Entertainment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Dave Stock

0.62	BH	Biglari Holdings	Pair Corr
0.85	WING	Wingstop	Pair Corr
0.87	CMG	Chipotle Mexican Grill Aggressive Push	Pair Corr
0.85	DIN	Dine Brands Global	Pair Corr
0.68	LOCO	El Pollo Loco	Pair Corr
0.69	ARKR	Ark Restaurants Corp	Pair Corr
0.9	BLMN	Bloomin Brands	Pair Corr
0.85	M	Macys Inc	Pair Corr
0.85	W	Wayfair	Pair Corr
0.65	HD	Home Depot	Pair Corr
0.88	RH	RH	Pair Corr
0.88	UA	Under Armour C	Pair Corr
0.79	VNCE	Vince Holding Corp	Pair Corr
0.93	VSCO	Victorias Secret	Pair Corr
0.82	ETSY	Etsy Inc	Pair Corr
0.75	BZH	Beazer Homes USA	Pair Corr
0.65	CCS	Century Communities	Pair Corr
0.74	DDS	Dillards	Pair Corr
0.75	DKS	Dicks Sporting Goods	Pair Corr
0.85	XELB	Xcel Brands Trending	Pair Corr
0.8	FND	Floor Decor Holdings	Pair Corr
0.8	HOV	Hovnanian Enterprises	Pair Corr

Moving against Dave Stock

0.85	YUM	Yum Brands	Pair Corr
0.85	VIPS	Vipshop Holdings	Pair Corr
0.75	NATH	Nathans Famous	Pair Corr
0.74	JD	JD Inc Adr	Pair Corr
0.69	MCD	McDonalds	Pair Corr
0.57	PZZA	Papa Johns International	Pair Corr
0.34	DRI	Darden Restaurants	Pair Corr
0.81	AZO	AutoZone	Pair Corr
0.48	JWN	Nordstrom	Pair Corr

Related Correlations Analysis

	IMAX	MCS	APE	AMCX	CNK	NWS	FWONA	WMG	EDR	LYV
IMAX		0.12	0.0	-0.31	-0.01	0.56	0.35	0.74	0.29	0.29	IMAX
MCS	0.12		0.0	0.8	0.9	0.36	0.74	-0.12	0.72	0.68	MCS
APE	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	APE
AMCX	-0.31	0.8	0.0		0.87	0.08	0.45	-0.49	0.49	0.37	AMCX
CNK	-0.01	0.9	0.0	0.87		0.23	0.56	-0.31	0.67	0.44	CNK
NWS	0.56	0.36	0.0	0.08	0.23		0.78	0.69	0.62	0.79	NWS
FWONA	0.35	0.74	0.0	0.45	0.56	0.78		0.35	0.72	0.92	FWONA
WMG	0.74	-0.12	0.0	-0.49	-0.31	0.69	0.35		0.24	0.39	WMG
EDR	0.29	0.72	0.0	0.49	0.67	0.62	0.72	0.24		0.69	EDR
LYV	0.29	0.68	0.0	0.37	0.44	0.79	0.92	0.39	0.69		LYV
	IMAX	MCS	APE	AMCX	CNK	NWS	FWONA	WMG	EDR	LYV

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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

LYV	+ 0.92	FWONA
CNK	+ 0.9	MCS
CNK	+ 0.87	AMCX
AMCX	+ 0.8	MCS
LYV	+ 0.79	NWS
FWONA	+ 0.78	NWS

High negative correlations

WMG	- 0.49	AMCX
WMG	- 0.31	CNK
AMCX	- 0.31	IMAX
WMG	- 0.12	MCS
CNK	- 0.01	IMAX
LYV	- 0.0	APE

Risk-Adjusted Indicators

There is a big difference between Dave Stock performing well and Dave Busters 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 Dave Busters' 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
IMAX	1.46	0.11	0.06	0.11	1.67	(1.50)	3.35	(2.57)	7.94
MCS	1.47	(0.34)	0.00	(0.31)	0.00	0.00	2.16	(2.95)	15.15
APE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AMCX	2.42	(0.47)	0.00	(0.58)	0.00	0.00	3.99	(5.59)	16.71
CNK	1.42	(0.30)	0.00	(0.72)	0.00	0.00	2.78	(2.67)	17.24
NWS	0.90	(0.01)	(0.01)	(0.01)	1.46	(0.86)	1.78	(1.92)	8.72
FWONA	1.40	(0.07)	0.00	(0.05)	0.00	0.00	2.86	(3.51)	11.33
WMG	1.19	0.04	0.02	0.10	1.60	(1.24)	2.89	(2.11)	8.84
EDR	1.39	(0.04)	0.00	0.70	0.00	0.00	3.14	(2.68)	16.90
LYV	1.40	(0.12)	0.00	(0.09)	0.00	0.00	2.89	(3.82)	10.06

Dave Busters Corporate Management

John Mulleady	Sr. VP of Real Estate and Devel.	Profile
Rodolfo Rodriguez	Chief VP	Profile
Antonio Bautista	Senior Officer	Profile
Darin Harper	Chief Officer	Profile
Christopher Morris	CEO Director	Profile
Cory Hatton	Investor Finance	Profile

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