Caesars Entertainment Correlations
| CZR Stock | USD 37.63 0.07 0.19% |
The current 90-days correlation between Caesars Entertainment and Las Vegas Sands is 0.3 (i.e., Weak diversification). The correlation of Caesars Entertainment 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Caesars Entertainment Correlation With Market
Very weak diversification
The correlation between Caesars Entertainment and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Caesars Entertainment and DJI in the same portfolio, assuming nothing else is changed.
Caesars |
Moving together with Caesars Stock
| 0.62 | CMG | Chipotle Mexican Grill | PairCorr |
| 0.81 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.61 | WEN | The Wendys Potential Growth | PairCorr |
| 0.64 | BC | Brunswick | PairCorr |
| 0.72 | HD | Home Depot | PairCorr |
Moving against Caesars Stock
| 0.51 | LNW | Light Wonder | PairCorr |
| 0.37 | BH | Biglari Holdings | PairCorr |
| 0.46 | FL | Foot Locker Earnings Call This Week | PairCorr |
| 0.46 | ALV | Autoliv | PairCorr |
| 0.36 | VC | Visteon Corp | PairCorr |
Related Correlations Analysis
| 0.92 | 0.19 | 0.85 | 0.64 | -0.52 | LVS | ||
| 0.92 | -0.03 | 0.9 | 0.75 | -0.46 | WYNN | ||
| 0.19 | -0.03 | -0.12 | 0.06 | -0.29 | PENN | ||
| 0.85 | 0.9 | -0.12 | 0.66 | -0.24 | MLCO | ||
| 0.64 | 0.75 | 0.06 | 0.66 | -0.1 | MGM | ||
| -0.52 | -0.46 | -0.29 | -0.24 | -0.1 | RRR | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Caesars Stock performing well and Caesars Entertainment 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 Caesars Entertainment'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LVS | 1.45 | 0.25 | 0.14 | 0.49 | 1.22 | 3.22 | 10.76 | |||
| WYNN | 1.70 | 0.26 | 0.08 | 1.09 | 2.23 | 4.93 | 17.54 | |||
| PENN | 1.95 | (0.06) | (0.02) | 0.05 | 2.05 | 5.04 | 12.98 | |||
| MLCO | 2.29 | 0.06 | 0.02 | 0.17 | 2.61 | 5.17 | 22.74 | |||
| MGM | 1.51 | (0.18) | 0.00 | (0.03) | 0.00 | 3.31 | 14.38 | |||
| RRR | 1.46 | (0.29) | 0.00 | (0.09) | 0.00 | 2.69 | 12.47 |
Caesars Entertainment Corporate Management
| Stephanie Lepori | Chief Officer | Profile | |
| Katie Miller | Senior Relations | Profile | |
| Peter Broughton | Senior Technology | Profile | |
| Josh Jones | Chief Officer | Profile | |
| Jeffrey Hendricks | Compliance Officer | Profile | |
| Gregg Carano | VP Beverage | Profile |