Arcos Dorados Correlations

ARCO Stock

USD 7.15 0.13 1.79%

The current 90-days correlation between Arcos Dorados Holdings and BJs Restaurants is 0.29 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Arcos Dorados moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Arcos Dorados Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Arcos Dorados Correlation With Market

Significant diversification

The correlation between Arcos Dorados Holdings and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Arcos Dorados Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Arcos Dorados Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Arcos Stock

0.82	DNUT	Krispy Kreme	Pair Corr
0.8	CDROW	Codere Online Luxembourg	Pair Corr
0.86	WING	Wingstop	Pair Corr
0.74	WYNN	Wynn Resorts Limited	Pair Corr
0.7	BDL	Flanigans Enterprises	Pair Corr
0.94	CZR	Caesars Entertainment	Pair Corr
0.72	EJH	E Home Household	Pair Corr
0.67	FLL	Full House Resorts	Pair Corr
0.9	GHG	GreenTree Hospitality	Pair Corr
0.87	HRB	HR Block	Pair Corr
0.85	IGT	International Game	Pair Corr

Moving against Arcos Stock

0.92	EAT	Brinker International	Pair Corr
0.91	EVRI	Everi Holdings	Pair Corr
0.87	WH	Wyndham Hotels Resorts	Pair Corr
0.85	BH	Biglari Holdings	Pair Corr
0.8	CSV	Carriage Services	Pair Corr
0.8	DRI	Darden Restaurants	Pair Corr
0.79	EXPE	Expedia Group	Pair Corr
0.73	CCL	Carnival Aggressive Push	Pair Corr
0.71	CUK	Carnival Plc ADS	Pair Corr
0.66	BYD	Boyd Gaming	Pair Corr
0.62	FAT	FAT Brands	Pair Corr
0.45	EM	Smart Share Global	Pair Corr
0.33	WW	WW International	Pair Corr
0.31	H	Hyatt Hotels	Pair Corr
0.31	CHH	Choice Hotels Intern	Pair Corr
0.84	HDL	SUPER HI INTERNATIONAL	Pair Corr
0.8	RSI	Rush Street Interactive	Pair Corr
0.79	FUN	Six Flags Entertainment Sell-off Trend	Pair Corr
0.79	OSW	OneSpaWorld Holdings	Pair Corr
0.75	IHG	InterContinental Hotels	Pair Corr
0.69	MTN	Vail Resorts	Pair Corr
0.66	RCL	Royal Caribbean Cruises	Pair Corr
0.64	FWRG	First Watch Restaurant	Pair Corr
0.61	FATBW	FAT Brands	Pair Corr
0.57	FTDR	Frontdoor	Pair Corr
0.53	MAR	Marriott International	Pair Corr

Related Correlations Analysis

	BJRI	FRGI	DIN	EAT	RUTH	CHUY	BLMN	DENN	CAKE	PBPB
BJRI		0.1	0.52	0.04	-0.11	0.2	0.23	0.34	0.33	0.15	BJRI
FRGI	0.1		-0.22	0.34	0.69	0.01	-0.39	-0.38	0.38	0.31	FRGI
DIN	0.52	-0.22		-0.2	-0.51	-0.08	0.32	0.69	0.1	0.25	DIN
EAT	0.04	0.34	-0.2		0.69	0.61	-0.89	-0.43	0.88	0.7	EAT
RUTH	-0.11	0.69	-0.51	0.69		0.25	-0.73	-0.59	0.58	0.33	RUTH
CHUY	0.2	0.01	-0.08	0.61	0.25		-0.47	-0.24	0.64	0.3	CHUY
BLMN	0.23	-0.39	0.32	-0.89	-0.73	-0.47		0.61	-0.68	-0.71	BLMN
DENN	0.34	-0.38	0.69	-0.43	-0.59	-0.24	0.61		-0.15	-0.16	DENN
CAKE	0.33	0.38	0.1	0.88	0.58	0.64	-0.68	-0.15		0.68	CAKE
PBPB	0.15	0.31	0.25	0.7	0.33	0.3	-0.71	-0.16	0.68		PBPB
	BJRI	FRGI	DIN	EAT	RUTH	CHUY	BLMN	DENN	CAKE	PBPB

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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

CAKE	+ 0.88	EAT
PBPB	+ 0.7	EAT
RUTH	+ 0.69	FRGI
DENN	+ 0.69	DIN
RUTH	+ 0.69	EAT
PBPB	+ 0.68	CAKE

High negative correlations

BLMN	- 0.89	EAT
BLMN	- 0.73	RUTH
PBPB	- 0.71	BLMN
CAKE	- 0.68	BLMN
DENN	- 0.59	RUTH
RUTH	- 0.51	DIN

Risk-Adjusted Indicators

There is a big difference between Arcos Stock performing well and Arcos Dorados 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 Arcos Dorados' 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
BJRI	1.86	0.06	0.02	0.15	2.59	(1.88)	3.99	(3.27)	13.05
FRGI	2.26	(0.02)	(0.01)	(0.02)	2.75	(2.41)	4.69	(3.69)	12.75
DIN	2.31	(0.16)	0.00	(0.18)	0.00	0.00	4.22	(4.38)	21.57
EAT	1.85	0.77	0.36	4.71	1.67	(2.28)	4.27	(3.38)	12.92
RUTH	1.40	0.43	0.24	0.98	0.94	(1.83)	1.75	(2.63)	34.37
CHUY	1.59	0.85	3.68	(0.74)	0.00	(1.83)	0.67	(0.27)	48.46
BLMN	2.60	(0.41)	0.00	(0.61)	0.00	0.00	5.52	(5.00)	17.75
DENN	2.58	(0.06)	0.00	(0.02)	0.00	0.00	5.17	(4.81)	22.28
CAKE	1.76	0.35	0.19	1.44	1.57	(2.16)	4.14	(2.27)	14.42
PBPB	2.31	0.41	0.20	0.34	1.86	(3.16)	5.92	(3.66)	26.10

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