Biglari Holdings Correlations

BH-A Stock

USD 1,179 0.84 0.07%

The current 90-days correlation between Biglari Holdings and Flanigans Enterprises is -0.12 (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 -0.05 (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 against Biglari Stock

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0.49	KSS	Kohls Corp	Pair Corr
0.47	TXRH	Texas Roadhouse	Pair Corr
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0.35	MMSI	Merit Medical Systems	Pair Corr
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0.74	XOM	Exxon Mobil Corp	Pair Corr
0.7	CVX	Chevron Corp	Pair Corr
0.61	INTC	Intel Aggressive Push	Pair Corr
0.56	CAT	Caterpillar Sell-off Trend	Pair Corr
0.53	HPQ	HP Inc	Pair Corr
0.5	TRV	The Travelers Companies	Pair Corr
0.46	AA	Alcoa Corp	Pair Corr
0.46	BAC	Bank of America	Pair Corr
0.44	JNJ	Johnson Johnson	Pair Corr
0.43	DD	Dupont De Nemours	Pair Corr

Related Correlations Analysis

	BDL	RUTH	BJRI	CHUY	EAT	BLMN	FRGI	FATBB	PBPB
BDL		0.0	0.12	0.0	0.31	0.03	0.0	0.39	0.52	BDL
RUTH	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	RUTH
BJRI	0.12	0.0		0.0	0.12	0.68	0.0	0.13	0.2	BJRI
CHUY	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	CHUY
EAT	0.31	0.0	0.12	0.0		-0.31	0.0	0.91	0.81	EAT
BLMN	0.03	0.0	0.68	0.0	-0.31		0.0	-0.16	-0.05	BLMN
FRGI	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	FRGI
FATBB	0.39	0.0	0.13	0.0	0.91	-0.16	0.0		0.88	FATBB
PBPB	0.52	0.0	0.2	0.0	0.81	-0.05	0.0	0.88		PBPB
	BDL	RUTH	BJRI	CHUY	EAT	BLMN	FRGI	FATBB	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

FATBB	+ 0.91	EAT
PBPB	+ 0.88	FATBB
PBPB	+ 0.81	EAT
BLMN	+ 0.68	BJRI
PBPB	+ 0.52	BDL
FATBB	+ 0.39	BDL

High negative correlations

BLMN	- 0.31	EAT
FATBB	- 0.16	BLMN
PBPB	- 0.05	BLMN
PBPB	- 0.0	FRGI
FATBB	- 0.0	FRGI
FRGI	- 0.0	BLMN

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	0.91	0.01	0.01	0.08	1.10	(1.18)	2.03	(2.37)	5.12
RUTH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BJRI	1.56	(0.01)	0.00	(0.02)	0.00	0.00	3.44	(2.89)	11.88
CHUY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EAT	2.07	0.52	0.23	0.90	1.90	(2.56)	4.27	(3.38)	21.89
BLMN	2.31	(0.41)	0.00	(0.27)	0.00	0.00	5.52	(4.23)	15.29
FRGI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FATBB	3.60	0.53	0.09	1.65	4.82	(3.83)	8.43	(9.85)	30.08
PBPB	2.12	0.36	0.17	0.23	1.94	(2.62)	5.72	(3.01)	17.67

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