Dennys Corp Correlations

DENN Stock

USD 6.33 0.06 0.94%

The current 90-days correlation between Dennys Corp and Aegean Airlines SA is -0.14 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Dennys Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dennys Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Dennys Corp Correlation With Market

Weak diversification

The correlation between Dennys Corp and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dennys Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dennys Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in Dennys Stock, please use our How to Invest in Dennys Corp guide.

Moving together with Dennys Stock

0.61	PZZA	Papa Johns International	Pair Corr
0.73	BC	Brunswick	Pair Corr

Moving against Dennys Stock

0.37	ARKR	Ark Restaurants Corp	Pair Corr
0.32	LEA	Lear	Pair Corr

Related Correlations Analysis

	CMG	EHGO	ASYS	GFI	AGZNF	LPG	MRK	FORM	CNK	MDGL
CMG		0.35	-0.69	0.49	-0.45	-0.59	-0.58	-0.38	0.45	0.07	CMG
EHGO	0.35		-0.55	-0.08	-0.83	-0.86	-0.84	-0.7	0.91	0.85	EHGO
ASYS	-0.69	-0.55		-0.49	0.51	0.76	0.76	0.64	-0.55	-0.31	ASYS
GFI	0.49	-0.08	-0.49		0.2	-0.28	-0.29	-0.04	-0.07	-0.27	GFI
AGZNF	-0.45	-0.83	0.51	0.2		0.75	0.74	0.62	-0.87	-0.75	AGZNF
LPG	-0.59	-0.86	0.76	-0.28	0.75		0.91	0.79	-0.85	-0.62	LPG
MRK	-0.58	-0.84	0.76	-0.29	0.74	0.91		0.65	-0.81	-0.6	MRK
FORM	-0.38	-0.7	0.64	-0.04	0.62	0.79	0.65		-0.66	-0.56	FORM
CNK	0.45	0.91	-0.55	-0.07	-0.87	-0.85	-0.81	-0.66		0.77	CNK
MDGL	0.07	0.85	-0.31	-0.27	-0.75	-0.62	-0.6	-0.56	0.77		MDGL
	CMG	EHGO	ASYS	GFI	AGZNF	LPG	MRK	FORM	CNK	MDGL

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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

CNK	+ 0.91	EHGO
MRK	+ 0.91	LPG
MDGL	+ 0.85	EHGO
FORM	+ 0.79	LPG
MDGL	+ 0.77	CNK
LPG	+ 0.76	ASYS

High negative correlations

CNK	- 0.87	AGZNF
LPG	- 0.86	EHGO
CNK	- 0.85	LPG
MRK	- 0.84	EHGO
AGZNF	- 0.83	EHGO
CNK	- 0.81	MRK

Risk-Adjusted Indicators

There is a big difference between Dennys Stock performing well and Dennys Corp 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 Dennys Corp'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
CMG	1.27	0.08	0.03	0.19	2.04	(1.32)	2.69	(2.68)	10.78
EHGO	4.56	1.28	0.19	(6.15)	4.97	(5.75)	14.29	(8.22)	46.99
ASYS	1.91	(0.06)	0.00	0.19	0.00	0.00	3.76	(4.33)	10.29
GFI	2.19	(0.09)	0.00	1.03	0.00	0.00	4.52	(5.41)	14.93
AGZNF	0.43	(0.14)	0.00	0.24	0.00	0.00	0.00	0.00	10.55
LPG	1.69	(0.63)	0.00	(0.49)	0.00	0.00	2.97	(4.58)	9.93
MRK	0.85	(0.24)	0.00	(1.03)	0.00	0.00	1.73	(2.13)	4.89
FORM	2.43	(0.25)	0.00	0.84	0.00	0.00	4.53	(5.08)	19.85
CNK	1.33	0.19	0.10	0.39	1.24	(1.54)	3.60	(2.45)	7.52
MDGL	2.62	0.43	0.15	1.40	2.17	(3.53)	4.92	(3.96)	30.27

Dennys Corp Corporate Management

Stephen Dunn	Chief Global Devel. Officer and Sr. VP	Profile
Stephanie Davidson	Chief Officer	Profile
Pankaj Patra	Executive Officer	Profile
Ross Nell	VP Treasurer	Profile
Laurie Curtis	VP Innovation	Profile

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