Rave Restaurant Correlations
| RAVE Stock | USD 2.76 0.01 0.36% |
The current 90-days correlation between Rave Restaurant Group and Ark Restaurants Corp is 0.19 (i.e., Average diversification). The correlation of Rave Restaurant 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.
Rave Restaurant Correlation With Market
Weak diversification
The correlation between Rave Restaurant Group and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rave Restaurant Group and DJI in the same portfolio, assuming nothing else is changed.
Rave |
Moving against Rave Stock
| 0.66 | WING | Wingstop | PairCorr |
| 0.61 | FATBB | FAT Brands | PairCorr |
| 0.56 | BLMN | Bloomin Brands | PairCorr |
| 0.55 | RH | RH Earnings Call This Week | PairCorr |
| 0.53 | LOCO | El Pollo Loco | PairCorr |
| 0.51 | HD | Home Depot | PairCorr |
| 0.5 | W | Wayfair Buyout Trend | PairCorr |
| 0.45 | ARKR | Ark Restaurants Corp | PairCorr |
| 0.34 | DIN | Dine Brands Global | PairCorr |
| 0.33 | CMG | Chipotle Mexican Grill | PairCorr |
| 0.69 | DDS | Dillards | PairCorr |
| 0.64 | DKS | Dicks Sporting Goods | PairCorr |
| 0.62 | KTB | Kontoor Brands | PairCorr |
| 0.56 | EWCZ | European Wax Center | PairCorr |
| 0.54 | VNCE | Vince Holding Corp | PairCorr |
| 0.5 | HOV | Hovnanian Enterprises | PairCorr |
| 0.47 | LOW | Lowes Companies | PairCorr |
| 0.46 | BLD | Topbuild Corp | PairCorr |
| 0.38 | ETSY | Etsy Inc | PairCorr |
| 0.37 | VSCO | Victorias Secret | PairCorr |
| 0.36 | BBY | Best Buy | PairCorr |
| 0.34 | KSS | Kohls Corp | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Rave Stock performing well and Rave Restaurant 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 Rave Restaurant'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ARKR | 3.12 | (0.32) | 0.00 | (0.53) | 0.00 | 4.61 | 24.40 | |||
| STKS | 2.85 | 0.11 | 0.00 | (0.02) | 0.00 | 6.57 | 20.30 | |||
| BDL | 1.11 | 0.02 | 0.06 | (0.64) | 1.43 | 2.30 | 7.74 | |||
| FRGI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NROM | 6.57 | 0.26 | 0.01 | 0.01 | 8.06 | 22.50 | 53.47 | |||
| MRTPY | 1.00 | 0.10 | 0.00 | 1.92 | 0.00 | 0.40 | 29.43 | |||
| ALSSF | 1.85 | 0.00 | 0.00 | (0.07) | 0.00 | 5.77 | 29.71 | |||
| MARZF | 0.63 | (0.24) | 0.00 | (0.59) | 0.00 | 0.00 | 24.69 | |||
| DMPZF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Rave Restaurant Corporate Management
| Christina Coy | VP Co | Profile | |
| Clinton Fendley | Chief Officer | Profile | |
| Jay Rooney | Chief Officer | Profile | |
| Michael Burns | Ex COO | Profile | |
| Scott Black | VP Five | Profile |