Biglari Holdings Correlations

Stocks . USA . 
Stock . Biglari Holdings
BH Stock  USD 204.72  5.89  2.80%   
The current 90-days correlation between Biglari Holdings and Bloomin Brands is 0.41 (i.e., Very weak 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

Modest diversification

The correlation between Biglari Holdings and DJI is 0.23 (i.e., Modest 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 rate.
For more detail on how to invest in Biglari Stock please use our How to Invest in Biglari Holdings guide.

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Moving against Biglari Stock

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Related Correlations Analysis

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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   
CBRL
+ 0.91
BJRI
CBRL
+ 0.59
DPZ
DPZ
+ 0.58
DRI
DRI
+ 0.56
BJRI
CBRL
+ 0.55
DRI
DPZ
+ 0.53
BJRI
  
High negative correlations   
DPZ
- 0.52
BLMN
WING
- 0.5
BJRI
CBRL
- 0.44
WING
JACK
- 0.42
WING
BJRI
- 0.39
BLMN
DRI
- 0.38
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.

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