Cracker Barrel Correlations

CBRL Stock

USD 64.71 1.70 2.70%

The current 90-days correlation between Cracker Barrel Old and Brinker International is 0.34 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cracker Barrel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cracker Barrel Old moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Cracker Barrel Correlation With Market

Significant diversification

The correlation between Cracker Barrel Old and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cracker Barrel Old 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 Cracker Barrel Old. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Cracker Stock

0.85	DRI	Darden Restaurants	Pair Corr
0.67	RICK	RCI Hospitality Holdings Earnings Call This Week	Pair Corr
0.73	BROS	Dutch Bros	Pair Corr
0.74	CAKE	The Cheesecake Factory	Pair Corr

Moving against Cracker Stock

0.84	WEN	The Wendys	Pair Corr
0.8	GENK	GEN Restaurant Group,	Pair Corr
0.76	PZZA	Papa Johns International	Pair Corr
0.74	QSR	Restaurant Brands	Pair Corr
0.74	PNST	Pinstripes Holdings	Pair Corr
0.69	JACK	Jack In	Pair Corr
0.69	PLAY	Dave Busters Enterta Sell-off Trend	Pair Corr
0.59	SG	Sweetgreen Sell-off Trend	Pair Corr
0.59	WING	Wingstop	Pair Corr
0.58	NATH	Nathans Famous	Pair Corr
0.57	LOCO	El Pollo Loco	Pair Corr
0.53	RAVE	Rave Restaurant Group	Pair Corr
0.47	KRUS	Kura Sushi USA	Pair Corr
0.46	YUM	Yum Brands Earnings Call This Week	Pair Corr
0.45	MCD	McDonalds Earnings Call This Week	Pair Corr
0.34	DIN	Dine Brands Global	Pair Corr
0.31	YUMC	Yum China Holdings Earnings Call This Week	Pair Corr
0.7	CHSN	Chanson International	Pair Corr
0.64	FLXS	Flexsteel Industries Earnings Call This Week	Pair Corr
0.63	BBY	Best Buy	Pair Corr
0.57	BLMN	Bloomin Brands	Pair Corr
0.55	TXRH	Texas Roadhouse	Pair Corr
0.52	CAVA	CAVA Group,	Pair Corr
0.44	EDU	New Oriental Education	Pair Corr
0.37	DENN	Dennys Corp	Pair Corr
0.32	IH	Ihuman Inc	Pair Corr

Related Correlations Analysis

	EAT	BJRI	TXRH	PZZA	BLMN	YUM	DIN	RUTH	DPZ	CAKE
EAT		-0.04	-0.44	-0.77	-0.74	-0.4	-0.25	0.67	0.12	0.86	EAT
BJRI	-0.04		0.53	0.29	0.28	0.5	0.53	-0.26	0.44	0.24	BJRI
TXRH	-0.44	0.53		0.75	0.46	0.72	0.84	-0.85	0.66	-0.11	TXRH
PZZA	-0.77	0.29	0.75		0.83	0.63	0.64	-0.9	0.33	-0.5	PZZA
BLMN	-0.74	0.28	0.46	0.83		0.35	0.37	-0.64	0.0	-0.57	BLMN
YUM	-0.4	0.5	0.72	0.63	0.35		0.74	-0.63	0.69	-0.1	YUM
DIN	-0.25	0.53	0.84	0.64	0.37	0.74		-0.66	0.7	0.05	DIN
RUTH	0.67	-0.26	-0.85	-0.9	-0.64	-0.63	-0.66		-0.44	0.4	RUTH
DPZ	0.12	0.44	0.66	0.33	0.0	0.69	0.7	-0.44		0.39	DPZ
CAKE	0.86	0.24	-0.11	-0.5	-0.57	-0.1	0.05	0.4	0.39		CAKE
	EAT	BJRI	TXRH	PZZA	BLMN	YUM	DIN	RUTH	DPZ	CAKE

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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

CAKE	+ 0.86	EAT
DIN	+ 0.84	TXRH
BLMN	+ 0.83	PZZA
PZZA	+ 0.75	TXRH
DIN	+ 0.74	YUM
YUM	+ 0.72	TXRH

High negative correlations

RUTH	- 0.9	PZZA
RUTH	- 0.85	TXRH
PZZA	- 0.77	EAT
BLMN	- 0.74	EAT
RUTH	- 0.66	DIN
RUTH	- 0.64	BLMN

Risk-Adjusted Indicators

There is a big difference between Cracker Stock performing well and Cracker Barrel 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 Cracker Barrel's 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
EAT	2.13	1.03	0.43	5.01	1.64	(2.70)	5.49	(3.38)	12.92
BJRI	1.82	0.01	(0.01)	0.11	2.55	(1.84)	3.99	(3.27)	13.05
TXRH	1.15	(0.02)	(0.05)	0.05	1.38	(1.30)	2.70	(2.11)	8.91
PZZA	2.22	(0.43)	0.00	(0.43)	0.00	0.00	4.39	(4.87)	11.12
BLMN	2.60	(0.19)	0.00	0.33	0.00	0.00	5.62	(5.00)	17.75
YUM	0.87	(0.06)	0.00	(0.06)	0.00	0.00	1.48	(2.30)	5.52
DIN	2.36	0.00	0.00	0.09	2.39	(2.78)	4.40	(4.01)	21.57
RUTH	1.40	0.44	0.20	(20.44)	0.94	(1.83)	1.75	(2.63)	34.37
DPZ	1.41	0.09	0.03	0.25	1.48	(1.70)	3.36	(3.02)	7.08
CAKE	1.82	0.45	0.22	1.40	1.51	(2.23)	4.75	(2.27)	14.42

Cracker Barrel Corporate Management

Craig Pommells	VP Officer	Profile
Jennifer Tate	VP Officer	Profile
Cammie SpillyardsSchaefer	Senior Operations	Profile
Jessica Hazel	Director Relations	Profile
Bruce Hoffmeister	Senior Officer	Profile
William Moreton	Advisor	Profile

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