Bloomin Brands Correlations

BLMN Stock

USD 14.16 0.97 7.35%

The current 90-days correlation between Bloomin Brands and Dine Brands Global is 0.61 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bloomin Brands moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bloomin Brands moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Bloomin Brands Correlation With Market

Very weak diversification

The correlation between Bloomin Brands and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bloomin Brands 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 Bloomin Brands. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

To learn how to invest in Bloomin Stock, please use our How to Invest in Bloomin Brands guide.

Moving together with Bloomin Stock

0.81	IGT	International Game	Pair Corr
0.76	ARKR	Ark Restaurants Corp	Pair Corr
0.63	FL	Foot Locker Earnings Call This Week	Pair Corr
0.72	ASO	Academy Sports Outdoors Earnings Call This Week	Pair Corr

Moving against Bloomin Stock

0.85	BROS	Dutch Bros	Pair Corr
0.79	EAT	Brinker International	Pair Corr
0.75	PLYA	Playa Hotels Resorts	Pair Corr
0.74	BH	Biglari Holdings	Pair Corr
0.67	EVRI	Everi Holdings	Pair Corr
0.65	SBUX	Starbucks Aggressive Push	Pair Corr
0.65	TXRH	Texas Roadhouse	Pair Corr
0.63	AGS	PlayAGS	Pair Corr
0.62	INSE	Inspired Entertainment Potential Growth	Pair Corr
0.6	DPZ	Dominos Pizza	Pair Corr
0.56	SHAK	Shake Shack	Pair Corr
0.55	CMG	Chipotle Mexican Grill Sell-off Trend	Pair Corr
0.52	NATH	Nathans Famous	Pair Corr
0.38	DRI	Darden Restaurants	Pair Corr
0.38	BJRI	BJs Restaurants	Pair Corr
0.72	DORM	Dorman Products	Pair Corr
0.72	LAD	Lithia Motors	Pair Corr
0.58	FLXS	Flexsteel Industries	Pair Corr
0.56	HD	Home Depot	Pair Corr
0.56	GPI	Group 1 Automotive	Pair Corr
0.53	ABG	Asbury Automotive	Pair Corr
0.5	WEYS	Weyco Group	Pair Corr
0.37	LZB	La Z Boy Earnings Call This Week	Pair Corr

Related Correlations Analysis

	DIN	BJRI	RUTH	CAKE	EAT	CHUY	DENN	JACK	FRGI
DIN		0.56	0.42	0.72	0.59	-0.02	0.55	0.32	0.19	DIN
BJRI	0.56		0.8	0.8	0.76	0.23	0.47	0.36	0.56	BJRI
RUTH	0.42	0.8		0.77	0.84	0.25	0.33	0.36	0.69	RUTH
CAKE	0.72	0.8	0.77		0.94	0.2	0.51	0.43	0.35	CAKE
EAT	0.59	0.76	0.84	0.94		0.36	0.39	0.25	0.42	EAT
CHUY	-0.02	0.23	0.25	0.2	0.36		0.13	-0.47	0.01	CHUY
DENN	0.55	0.47	0.33	0.51	0.39	0.13		0.36	-0.03	DENN
JACK	0.32	0.36	0.36	0.43	0.25	-0.47	0.36		0.21	JACK
FRGI	0.19	0.56	0.69	0.35	0.42	0.01	-0.03	0.21		FRGI
	DIN	BJRI	RUTH	CAKE	EAT	CHUY	DENN	JACK	FRGI

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

EAT	+ 0.94	CAKE
EAT	+ 0.84	RUTH
RUTH	+ 0.8	BJRI
CAKE	+ 0.8	BJRI
CAKE	+ 0.77	RUTH
EAT	+ 0.76	BJRI

High negative correlations

JACK	- 0.47	CHUY
FRGI	- 0.03	DENN
CHUY	- 0.02	DIN

Risk-Adjusted Indicators

There is a big difference between Bloomin Stock performing well and Bloomin Brands 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 Bloomin Brands' 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
DIN	2.52	(0.14)	0.00	0.05	2.87	(2.72)	4.47	(4.50)	19.97
BJRI	1.99	0.01	0.03	0.13	2.27	(2.24)	4.05	(2.64)	13.19
RUTH	1.40	0.31	0.18	0.43	0.94	(1.83)	1.75	(2.63)	34.37
CAKE	1.77	0.17	0.11	0.27	1.63	(2.13)	5.11	(3.10)	13.08
EAT	1.86	0.79	0.45	0.75	1.25	(2.37)	5.04	(2.48)	11.91
CHUY	1.59	0.77	3.23	1.75	0.00	(1.83)	0.67	(0.27)	48.46
DENN	2.45	(0.09)	0.00	0.07	3.74	(2.82)	5.26	(4.19)	26.32
JACK	2.20	(0.15)	0.00	(0.09)	0.00	0.00	4.33	(4.93)	11.59
FRGI	2.26	(0.05)	(0.05)	(0.03)	2.75	(2.41)	4.69	(3.69)	12.75

Bloomin Brands Corporate Management

Tara Kurian	Vice Relations	Profile
Kelly Lefferts	Chief Legal Officer	Profile
Cathie Koch	VP Communications	Profile
Philip Pace	Senior Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC