Reborn Coffee Correlations

REBN Stock

USD 4.48 0.16 3.70%

The current 90-days correlation between Reborn Coffee and Bagger Daves Burger is 0.02 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Reborn Coffee moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Reborn Coffee moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

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

To learn how to invest in Reborn Stock, please use our How to Invest in Reborn Coffee guide.

Moving together with Reborn Stock

0.84	LTH	Life Time Group Buyout Trend	Pair Corr
0.68	YUM	Yum Brands	Pair Corr
0.79	MAT	Mattel Inc	Pair Corr
0.68	JAKK	JAKKS Pacific	Pair Corr
0.74	KO	Coca Cola Aggressive Push	Pair Corr

Moving against Reborn Stock

0.87	JOUT	Johnson Outdoors	Pair Corr
0.81	SDA	SunCar Technology	Pair Corr
0.81	GOLF	Acushnet Holdings Corp	Pair Corr
0.76	PPERY	Bank Mandiri Persero	Pair Corr
0.72	PPERF	Bank Mandiri Persero	Pair Corr
0.69	DBI	Designer Brands	Pair Corr
0.64	MODG	Callaway Golf	Pair Corr
0.63	SDHC	Smith Douglas Homes	Pair Corr
0.63	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.6	YETI	YETI Holdings	Pair Corr
0.6	UPBD	Upbound Group	Pair Corr
0.58	F	Ford Motor	Pair Corr
0.58	TSLA	Tesla Inc	Pair Corr
0.47	FUN	Six Flags Entertainment	Pair Corr
0.85	MRK	Merck Company Aggressive Push	Pair Corr
0.78	PBCRY	Bank Central Asia	Pair Corr
0.75	PTAIY	Astra International Tbk	Pair Corr
0.68	PBCRF	PT Bank Central	Pair Corr
0.65	TLK	Telkom Indonesia Tbk	Pair Corr
0.65	CAT	Caterpillar	Pair Corr

Related Correlations Analysis

	CHSN	THCH	BDL	KRUS	ALSSF	MARZF	DMPZF	BDVB	JKHCF	MRTPY
CHSN		0.69	-0.49	0.85	-0.04	-0.6	0.0	0.76	0.0	-0.6	CHSN
THCH	0.69		-0.4	0.79	0.2	-0.58	0.0	0.66	0.0	-0.38	THCH
BDL	-0.49	-0.4		-0.36	0.05	0.09	0.0	-0.49	0.0	0.34	BDL
KRUS	0.85	0.79	-0.36		0.15	-0.66	0.0	0.76	0.0	-0.6	KRUS
ALSSF	-0.04	0.2	0.05	0.15		-0.05	0.0	-0.31	0.0	0.54	ALSSF
MARZF	-0.6	-0.58	0.09	-0.66	-0.05		0.0	-0.47	0.0	0.42	MARZF
DMPZF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	DMPZF
BDVB	0.76	0.66	-0.49	0.76	-0.31	-0.47	0.0		0.0	-0.8	BDVB
JKHCF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	JKHCF
MRTPY	-0.6	-0.38	0.34	-0.6	0.54	0.42	0.0	-0.8	0.0		MRTPY
	CHSN	THCH	BDL	KRUS	ALSSF	MARZF	DMPZF	BDVB	JKHCF	MRTPY

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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

KRUS	+ 0.85	CHSN
KRUS	+ 0.79	THCH
BDVB	+ 0.76	CHSN
BDVB	+ 0.76	KRUS
THCH	+ 0.69	CHSN
BDVB	+ 0.66	THCH

High negative correlations

MRTPY	- 0.8	BDVB
MARZF	- 0.66	KRUS
MRTPY	- 0.6	KRUS
MRTPY	- 0.6	CHSN
MARZF	- 0.6	CHSN
MARZF	- 0.58	THCH

Risk-Adjusted Indicators

There is a big difference between Reborn Stock performing well and Reborn Coffee 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 Reborn Coffee'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
CHSN	7.40	(3.36)	0.00	1.52	0.00	0.00	7.55	(18.27)	104.52
THCH	2.59	(0.70)	0.00	1.25	0.00	0.00	5.76	(5.56)	17.73
BDL	0.91	0.04	0.06	0.14	1.07	(1.20)	2.20	(2.01)	5.12
KRUS	2.85	(0.72)	0.00	(1.55)	0.00	0.00	4.63	(6.95)	17.57
ALSSF	2.12	(0.13)	0.00	0.16	0.00	0.00	5.77	(5.41)	29.12
MARZF	0.35	0.01	0.00	(0.12)	0.00	0.00	0.00	0.00	8.93
DMPZF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BDVB	1.85	(0.45)	0.00	(0.74)	0.00	0.00	0.32	(8.06)	31.25
JKHCF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MRTPY	0.98	0.27	0.00	0.73	0.00	0.00	0.40	(0.59)	27.50

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Reborn Coffee Correlations

Moving together with Reborn Stock

Moving against Reborn Stock

Related Correlations Analysis

Correlation Matchups

Risk-Adjusted Indicators

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