Ark Restaurants Correlations
| ARKR Stock | USD 13.31 0.22 1.63% |
The current 90-days correlation between Ark Restaurants Corp and Nathans Famous is 0.02 (i.e., Significant diversification). The correlation of Ark Restaurants 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Ark Restaurants Correlation With Market
Significant diversification
The correlation between Ark Restaurants Corp 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 Ark Restaurants Corp and DJI in the same portfolio, assuming nothing else is changed.
Ark |
Moving against Ark Stock
| 0.67 | WEN | The Wendys | PairCorr |
| 0.64 | QSR | Restaurant Brands | PairCorr |
| 0.6 | PZZA | Papa Johns International | PairCorr |
| 0.57 | F | Ford Motor Earnings Call This Week | PairCorr |
| 0.56 | JACK | Jack In | PairCorr |
| 0.54 | JZ | Jianzhi Education | PairCorr |
| 0.53 | YUM | Yum Brands Earnings Call This Week | PairCorr |
| 0.5 | WING | Wingstop | PairCorr |
| 0.34 | YUMC | Yum China Holdings Earnings Call This Week | PairCorr |
| 0.32 | MCD | McDonalds Earnings Call This Week | PairCorr |
| 0.63 | BBY | Best Buy | PairCorr |
| 0.63 | BZH | Beazer Homes USA | PairCorr |
| 0.63 | TPH | TRI Pointe Homes | PairCorr |
| 0.61 | KBH | KB Home | PairCorr |
| 0.59 | CCS | Century Communities | PairCorr |
| 0.59 | HAYW | Hayward Holdings | PairCorr |
| 0.58 | MHO | MI Homes | PairCorr |
| 0.55 | MTH | Meritage | PairCorr |
| 0.55 | GRBK | Green Brick Partners | PairCorr |
| 0.52 | QSG | QuantaSing Group | PairCorr |
| 0.46 | GPRO | GoPro Inc Earnings Call This Week | PairCorr |
| 0.37 | NIO | Nio Class A | PairCorr |
| 0.33 | GNS | Genius Group | PairCorr |
| 0.32 | LOW | Lowes Companies | PairCorr |
| 0.31 | FEDU | Four Seasons Education | PairCorr |
Related Correlations Analysis
| 0.05 | 0.72 | -0.2 | -0.12 | NATH | ||
| 0.05 | 0.45 | -0.49 | -0.64 | BDL | ||
| 0.72 | 0.45 | -0.45 | -0.58 | GTIM | ||
| -0.2 | -0.49 | -0.45 | 0.63 | AUBN | ||
| -0.12 | -0.64 | -0.58 | 0.63 | TAST | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Ark Stock performing well and Ark Restaurants 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 Ark Restaurants' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NATH | 1.60 | (0.05) | 0.00 | (0.06) | 0.00 | 4.04 | 10.65 | |||
| BDL | 0.89 | (0.04) | 0.00 | (4.42) | 0.00 | 2.03 | 5.12 | |||
| GTIM | 1.36 | (0.24) | 0.00 | (0.49) | 0.00 | 2.45 | 7.45 | |||
| AUBN | 1.45 | 0.08 | 0.00 | 0.64 | 1.80 | 3.19 | 9.03 | |||
| TAST | 3.99 | 0.95 | 0.20 | 3.27 | 3.85 | 9.00 | 24.10 |