BJs Restaurants Correlations

BJRI Stock

USD 40.71 0.49 1.19%

The current 90-days correlation between BJs Restaurants and Linkage Global Ordinary is 0.06 (i.e., Significant diversification). The correlation of BJs 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.

BJs Restaurants Correlation With Market

Very poor diversification

The correlation between BJs Restaurants and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BJs Restaurants and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with BJs Stock

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

For more detail on how to invest in BJs Stock please use our How to Invest in BJs Restaurants guide.

Moving together with BJs Stock

0.9	BH	Biglari Holdings Earnings Call This Week	Pair Corr
0.77	SGR	The Star Entertainment Earnings Call This Week	Pair Corr
0.69	YNGA	Young CoS Brewery	Pair Corr
0.65	WING	Wingstop	Pair Corr
0.75	FSTA	Fuller Smith Turner	Pair Corr
0.89	CF2	The Cheesecake Factory	Pair Corr
0.74	ROW	Texas Roadhouse	Pair Corr
0.85	HIE	Hilton Grand Vacations Earnings Call This Week	Pair Corr

Moving against BJs Stock

0.89	IH	Ihuman Inc	Pair Corr
0.84	EM	Smart Share Global	Pair Corr
0.72	VSTD	Vestand Symbol Change	Pair Corr
0.45	VENU	Venu Holding	Pair Corr
0.37	RFG	Retail Food Group	Pair Corr
0.71	EMH	pferdewettende AG	Pair Corr
0.69	GE6	Golden Entertainment Earnings Call This Week	Pair Corr
0.61	MRU3	Rich Goldman Holdings	Pair Corr
0.43	QSR	Restaurant Brands	Pair Corr
0.36	6GI0	ENTAIN PLC UNSPADR1	Pair Corr
0.54	LIL3	PARADISE ENTERT HD	Pair Corr
0.52	WYNN	Wynn Resorts Limited	Pair Corr
0.48	VARE	Various Eateries PLC	Pair Corr
0.43	AGH	Aureus Greenway Holdings	Pair Corr

Related Correlations Analysis

	RENT	JZXN	WKSP	MMA	MI	LITB	IPW	LVLU	LGCB
RENT		-0.8	-0.02	-0.07	0.22	0.48	-0.18	0.17	-0.32	RENT
JZXN	-0.8		0.47	0.58	-0.56	-0.75	0.62	-0.55	0.71	JZXN
WKSP	-0.02	0.47		0.88	-0.4	-0.61	0.8	-0.61	0.72	WKSP
MMA	-0.07	0.58	0.88		-0.61	-0.69	0.86	-0.75	0.82	MMA
MI	0.22	-0.56	-0.4	-0.61		0.44	-0.49	0.4	-0.46	MI
LITB	0.48	-0.75	-0.61	-0.69	0.44		-0.82	0.67	-0.77	LITB
IPW	-0.18	0.62	0.8	0.86	-0.49	-0.82		-0.85	0.88	IPW
LVLU	0.17	-0.55	-0.61	-0.75	0.4	0.67	-0.85		-0.85	LVLU
LGCB	-0.32	0.71	0.72	0.82	-0.46	-0.77	0.88	-0.85		LGCB
	RENT	JZXN	WKSP	MMA	MI	LITB	IPW	LVLU	LGCB

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

MMA	+ 0.88	WKSP
LGCB	+ 0.88	IPW
IPW	+ 0.86	MMA
LGCB	+ 0.82	MMA
IPW	+ 0.8	WKSP
LGCB	+ 0.72	WKSP

High negative correlations

LGCB	- 0.85	LVLU
LVLU	- 0.85	IPW
IPW	- 0.82	LITB
JZXN	- 0.8	RENT
LGCB	- 0.77	LITB
LVLU	- 0.75	MMA

Risk-Adjusted Indicators

There is a big difference between BJs Stock performing well and BJs 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 BJs 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
RENT	4.18	0.61	0.13	0.63	4.15	(4.96)	12.08	(7.45)	28.10
JZXN	9.13	(1.48)	0.00	(0.62)	0.00	0.00	23.20	(19.44)	125.36
WKSP	4.31	(0.72)	0.00	(0.29)	0.00	0.00	8.46	(9.04)	24.54
MMA	3.96	(1.39)	0.00	(0.49)	0.00	0.00	11.02	(9.49)	23.43
MI	3.06	0.76	0.16	1.08	3.44	(3.93)	8.92	(6.90)	32.61
LITB	3.74	0.51	0.11	1.60	3.60	(4.27)	11.46	(6.40)	28.17
IPW	5.40	(1.45)	0.00	(0.97)	0.00	0.00	12.24	(11.74)	35.96
LVLU	6.79	2.34	0.35	(2.11)	5.28	(8.78)	17.79	(11.17)	97.80
LGCB	3.43	(0.19)	0.00	(0.24)	0.00	0.00	5.63	(6.84)	19.33

BJs Restaurants Corporate Management

Kendra Miller	Sr. VP, General Counsel and Assistant Secretary	Profile
Heidi Rogers	Senior Marketing	Profile
Brian Krakower	Executive Officer	Profile
Scott Rodriguez	VP Culinary	Profile
Christopher Pinsak	Senior Operations	Profile
Thomas Kowalski	Senior Officer	Profile
Robert Deliema	Pres Foundation	Profile

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