Accel Entertainment Correlations

ACEL Stock

USD 11.37 0.04 0.35%

The current 90-days correlation between Accel Entertainment and Ballys Corp is 0.05 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Accel Entertainment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Accel Entertainment moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Accel Entertainment Correlation With Market

Very weak diversification

The correlation between Accel Entertainment and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Accel Entertainment and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Accel Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Accel 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 american community survey.

For more information on how to buy Accel Stock please use our How to buy in Accel Stock guide.

Moving together with Accel Stock

0.85	BYD	Boyd Gaming	Pair Corr
0.75	CZR	Caesars Entertainment	Pair Corr
0.73	RSI	Rush Street Interactive	Pair Corr
0.72	AA	Alcoa Corp	Pair Corr
0.7	JPM	JPMorgan Chase	Pair Corr

Moving against Accel Stock

0.35

Procter Gamble

Pair Corr

Related Correlations Analysis

	BALY	ODP	GDEN	SMP	BJRI	LUXE	AEVA	HOV	CWH	AMWD
BALY		-0.45	0.32	-0.36	0.44	0.67	-0.38	-0.14	-0.44	-0.26	BALY
ODP	-0.45		0.04	0.02	0.25	-0.5	0.18	-0.42	-0.07	-0.01	ODP
GDEN	0.32	0.04		-0.52	0.73	0.28	-0.77	-0.41	-0.77	-0.84	GDEN
SMP	-0.36	0.02	-0.52		-0.53	-0.33	0.57	0.58	0.81	0.55	SMP
BJRI	0.44	0.25	0.73	-0.53		0.3	-0.49	-0.68	-0.83	-0.62	BJRI
LUXE	0.67	-0.5	0.28	-0.33	0.3		-0.21	-0.01	-0.34	-0.19	LUXE
AEVA	-0.38	0.18	-0.77	0.57	-0.49	-0.21		0.17	0.68	0.82	AEVA
HOV	-0.14	-0.42	-0.41	0.58	-0.68	-0.01	0.17		0.73	0.45	HOV
CWH	-0.44	-0.07	-0.77	0.81	-0.83	-0.34	0.68	0.73		0.74	CWH
AMWD	-0.26	-0.01	-0.84	0.55	-0.62	-0.19	0.82	0.45	0.74		AMWD
	BALY	ODP	GDEN	SMP	BJRI	LUXE	AEVA	HOV	CWH	AMWD

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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

AMWD	+ 0.82	AEVA
CWH	+ 0.81	SMP
AMWD	+ 0.74	CWH
BJRI	+ 0.73	GDEN
CWH	+ 0.73	HOV
CWH	+ 0.68	AEVA

High negative correlations

AMWD	- 0.84	GDEN
CWH	- 0.83	BJRI
CWH	- 0.77	GDEN
AEVA	- 0.77	GDEN
HOV	- 0.68	BJRI
AMWD	- 0.62	BJRI

Risk-Adjusted Indicators

There is a big difference between Accel Stock performing well and Accel Entertainment 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 Accel Entertainment'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
BALY	3.93	0.68	0.16	0.76	3.89	(4.43)	8.90	(7.04)	25.70
ODP	0.11	0.01	(0.24)	0.41	0.03	(0.15)	0.32	(0.25)	1.22
GDEN	1.83	0.32	0.13	(4.03)	1.72	(2.32)	2.60	(2.80)	37.11
SMP	1.21	(0.19)	0.00	(0.14)	0.00	0.00	2.11	(2.25)	7.10
BJRI	2.12	0.39	0.18	0.28	1.90	(2.38)	5.59	(3.52)	21.89
LUXE	2.28	(0.11)	(0.02)	0.00	2.67	(2.37)	5.70	(4.06)	12.58
AEVA	5.20	(0.16)	0.00	0.01	6.66	(5.08)	10.88	(10.24)	35.96
HOV	2.53	(0.48)	0.00	(0.13)	0.00	0.00	5.45	(5.41)	34.59
CWH	2.65	(0.74)	0.00	(0.30)	0.00	0.00	5.02	(6.47)	28.90
AMWD	1.80	(0.35)	0.00	(0.19)	0.00	0.00	3.90	(3.47)	18.05

Accel Entertainment Corporate Management

Steve Gradman	Chief Officer	Profile
David Ruttenberg	Independent Director	Profile
Michael Pappas	Executive Affairs	Profile
Mathew CPA	Chief Officer	Profile
Gabriel Garcia	Chief Officer	Profile
Ryan Hammer	President Gaming Operations	Profile

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