Accel Entertainment Correlations

ACEL Stock

USD 11.36 0.25 2.25%

The current 90-days correlation between Accel Entertainment and Ballys Corp is 0.32 (i.e., Weak 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

Poor diversification

The correlation between Accel Entertainment and DJI is 0.71 (i.e., Poor 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 housing.

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

Moving together with Accel Stock

0.67	BH	Biglari Holdings Earnings Call Today	Pair Corr
0.71	SGR	The Star Entertainment	Pair Corr
0.68	FSTA	Fuller Smith Turner	Pair Corr
0.67	HIE	Hilton Grand Vacations	Pair Corr

Moving against Accel Stock

0.76	IH	Ihuman Inc	Pair Corr
0.73	EM	Smart Share Global	Pair Corr
0.38	DPP	DP Poland Plc	Pair Corr
0.79	VSTD	Vestand Symbol Change	Pair Corr
0.64	MRU3	Rich Goldman Holdings	Pair Corr
0.59	QSR	Restaurant Brands	Pair Corr
0.54	EMH	pferdewettende AG	Pair Corr
0.37	2DJ	DYNAM JAPAN HOLDINGS	Pair Corr
0.31	EDTK	Skillful Craftsman	Pair Corr
0.74	GE6	Golden Entertainment	Pair Corr
0.6	AGH	Aureus Greenway Holdings	Pair Corr
0.51	VARE	Various Eateries PLC	Pair Corr
0.4	WYNN	Wynn Resorts Limited	Pair Corr
0.4	BDL	Flanigans Enterprises	Pair Corr
0.37	CHA	Chagee Holdings	Pair Corr

Related Correlations Analysis

	BALY	ODP	GDEN	SMP	BJRI	LUXE	AEVA	HOV	CWH	AMWD
BALY		-0.25	-0.28	-0.82	-0.2	-0.21	0.16	-0.43	-0.2	-0.23	BALY
ODP	-0.25		-0.44	0.22	0.43	-0.08	0.37	-0.18	0.09	0.28	ODP
GDEN	-0.28	-0.44		0.3	-0.43	0.62	-0.41	0.66	-0.15	-0.25	GDEN
SMP	-0.82	0.22	0.3		0.42	0.13	-0.18	0.59	0.42	0.47	SMP
BJRI	-0.2	0.43	-0.43	0.42		-0.59	0.57	0.16	0.59	0.74	BJRI
LUXE	-0.21	-0.08	0.62	0.13	-0.59		-0.26	0.23	-0.44	-0.49	LUXE
AEVA	0.16	0.37	-0.41	-0.18	0.57	-0.26		-0.14	0.23	0.32	AEVA
HOV	-0.43	-0.18	0.66	0.59	0.16	0.23	-0.14		0.41	0.36	HOV
CWH	-0.2	0.09	-0.15	0.42	0.59	-0.44	0.23	0.41		0.8	CWH
AMWD	-0.23	0.28	-0.25	0.47	0.74	-0.49	0.32	0.36	0.8		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	+ 0.8	CWH
AMWD	+ 0.74	BJRI
HOV	+ 0.66	GDEN
LUXE	+ 0.62	GDEN
HOV	+ 0.59	SMP
CWH	+ 0.59	BJRI

High negative correlations

SMP	- 0.82	BALY
LUXE	- 0.59	BJRI
AMWD	- 0.49	LUXE
CWH	- 0.44	LUXE
GDEN	- 0.44	ODP
BJRI	- 0.43	GDEN

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	2.72	(0.39)	0.00	(0.17)	0.00	0.00	4.30	(6.26)	16.79
ODP	1.03	0.43	0.38	1.16	0.00	(1.33)	0.65	(0.39)	33.52
GDEN	0.78	(0.04)	0.00	(0.12)	0.00	0.00	1.60	(1.60)	4.50
SMP	1.35	0.02	0.01	0.10	1.95	(1.42)	3.06	(2.19)	14.42
BJRI	1.57	(0.01)	0.01	0.07	2.01	(1.58)	4.02	(2.95)	13.27
LUXE	2.19	0.09	0.04	0.16	2.23	(2.50)	4.27	(3.71)	24.79
AEVA	5.45	0.47	0.11	0.22	5.11	(6.31)	16.00	(9.18)	48.05
HOV	2.70	(0.01)	0.01	0.07	4.52	(2.94)	5.86	(4.50)	31.93
CWH	2.70	(0.44)	0.00	(0.12)	0.00	0.00	5.68	(4.97)	29.28
AMWD	2.16	(0.16)	(0.02)	0.00	3.18	(2.24)	4.84	(4.12)	18.49

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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