Biglari Holdings Correlations

BH-A Stock

USD 1,053 25.59 2.37%

The current 90-days correlation between Biglari Holdings and Flanigans Enterprises is -0.14 (i.e., Good diversification). The correlation of Biglari Holdings 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.

Biglari Holdings Correlation With Market

Good diversification

The correlation between Biglari Holdings and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Biglari 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 Biglari 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 board of governors.

For information on how to trade Biglari Stock refer to our How to Trade Biglari Stock guide.

Moving together with Biglari Stock

0.99	BH	Biglari Holdings	Pair Corr
0.69	DRI	Darden Restaurants	Pair Corr
0.91	RICK	RCI Hospitality Holdings	Pair Corr
0.8	BROS	Dutch Bros	Pair Corr
0.68	CAKE	The Cheesecake Factory	Pair Corr

Moving against Biglari Stock

0.94	PTLO	Portillos	Pair Corr
0.86	NDLS	Noodles Company	Pair Corr
0.74	PZZA	Papa Johns International	Pair Corr
0.7	WEN	The Wendys	Pair Corr
0.69	BDL	Flanigans Enterprises	Pair Corr
0.69	GENK	GEN Restaurant Group,	Pair Corr
0.66	PLAY	Dave Busters Enterta Buyout Trend	Pair Corr
0.61	LOCO	El Pollo Loco	Pair Corr
0.59	PNST	Pinstripes Holdings	Pair Corr
0.58	WING	Wingstop	Pair Corr
0.55	JACK	Jack In	Pair Corr
0.5	NATH	Nathans Famous Earnings Call This Week	Pair Corr
0.46	QSR	Restaurant Brands	Pair Corr
0.4	SG	Sweetgreen	Pair Corr
0.32	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.83	VSTA	Vasta Platform	Pair Corr
0.82	BLMN	Bloomin Brands	Pair Corr
0.75	STKS	One Group Hospitality	Pair Corr
0.73	CHSN	Chanson International	Pair Corr
0.62	BBY	Best Buy	Pair Corr
0.58	CAVA	CAVA Group,	Pair Corr
0.52	REBN	Reborn Coffee	Pair Corr
0.5	DENN	Dennys Corp	Pair Corr
0.47	BTBD	Bt Brands	Pair Corr
0.44	SBUX	Starbucks Earnings Call This Week	Pair Corr
0.44	IH	Ihuman Inc	Pair Corr

Related Correlations Analysis

	BDL	BJRI	EAT	BLMN	FATBB	PBPB	STKS	DENN
BDL		0.07	-0.78	0.71	-0.16	-0.58	0.5	0.18	BDL
BJRI	0.07		-0.09	0.3	-0.28	0.07	0.21	0.33	BJRI
EAT	-0.78	-0.09		-0.88	0.3	0.71	-0.55	-0.45	EAT
BLMN	0.71	0.3	-0.88		-0.31	-0.7	0.75	0.55	BLMN
FATBB	-0.16	-0.28	0.3	-0.31		0.34	0.02	-0.11	FATBB
PBPB	-0.58	0.07	0.71	-0.7	0.34		-0.28	-0.13	PBPB
STKS	0.5	0.21	-0.55	0.75	0.02	-0.28		0.41	STKS
DENN	0.18	0.33	-0.45	0.55	-0.11	-0.13	0.41		DENN
	BDL	BJRI	EAT	BLMN	FATBB	PBPB	STKS	DENN

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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

STKS	+ 0.75	BLMN
BLMN	+ 0.71	BDL
PBPB	+ 0.71	EAT
DENN	+ 0.55	BLMN
STKS	+ 0.5	BDL
DENN	+ 0.41	STKS

High negative correlations

BLMN	- 0.88	EAT
EAT	- 0.78	BDL
PBPB	- 0.7	BLMN
PBPB	- 0.58	BDL
STKS	- 0.55	EAT
DENN	- 0.45	EAT

Risk-Adjusted Indicators

There is a big difference between Biglari Stock performing well and Biglari Holdings 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 Biglari Holdings' 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
BDL	0.84	(0.08)	0.00	1.21	0.00	0.00	1.82	(2.37)	5.12
BJRI	1.86	0.03	0.01	0.10	2.56	(1.92)	3.99	(3.27)	13.05
EAT	1.93	0.80	0.38	2.91	1.63	(2.42)	4.64	(3.38)	12.92
BLMN	2.63	(0.39)	0.00	(0.48)	0.00	0.00	5.62	(5.00)	17.75
FATBB	2.82	0.18	0.03	0.61	4.36	(2.86)	6.02	(7.76)	20.76
PBPB	2.30	0.39	0.19	0.34	1.89	(3.14)	5.92	(3.66)	26.10
STKS	2.66	(0.07)	0.00	(0.05)	0.00	0.00	6.80	(4.53)	25.60
DENN	2.63	0.01	0.00	0.09	4.23	(2.66)	5.40	(4.81)	22.28

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