FAT Brands Correlations

FATBB Stock

USD 5.40 0.17 3.25%

The current 90-days correlation between FAT Brands and Amtech Systems is 0.05 (i.e., Significant diversification). The correlation of FAT Brands 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.

FAT Brands Correlation With Market

Significant diversification

The correlation between FAT Brands and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FAT Brands 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 FAT 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 bureau of labor statistics.

For information on how to trade FAT Stock refer to our How to Trade FAT Stock guide.

Moving against FAT Stock

0.44	YUM	Yum Brands	Pair Corr
0.4	WEN	The Wendys	Pair Corr
0.38	QSR	Restaurant Brands	Pair Corr
0.35	KRUS	Kura Sushi USA	Pair Corr
0.34	JACK	Jack In	Pair Corr
0.33	GENK	GEN Restaurant Group,	Pair Corr
0.34	EDU	New Oriental Education	Pair Corr
0.32	FLXS	Flexsteel Industries	Pair Corr
0.31	BLMN	Bloomin Brands	Pair Corr

Related Correlations Analysis

	BAC-PO	RLJ	PFSI	NEWH	BAC-PP	FTV	ASYS	COKE	MRK	KRYS
BAC-PO		-0.62	0.34	0.09	0.99	-0.13	0.38	-0.05	0.64	0.45	BAC-PO
RLJ	-0.62		0.24	-0.41	-0.64	0.57	-0.15	0.46	-0.43	-0.1	RLJ
PFSI	0.34	0.24		-0.18	0.32	0.71	0.11	0.57	0.2	0.39	PFSI
NEWH	0.09	-0.41	-0.18		0.11	0.0	-0.34	0.16	0.32	-0.45	NEWH
BAC-PP	0.99	-0.64	0.32	0.11		-0.16	0.38	-0.08	0.66	0.42	BAC-PP
FTV	-0.13	0.57	0.71	0.0	-0.16		0.03	0.87	0.01	0.13	FTV
ASYS	0.38	-0.15	0.11	-0.34	0.38	0.03		-0.04	0.35	0.64	ASYS
COKE	-0.05	0.46	0.57	0.16	-0.08	0.87	-0.04		0.1	-0.11	COKE
MRK	0.64	-0.43	0.2	0.32	0.66	0.01	0.35	0.1		0.23	MRK
KRYS	0.45	-0.1	0.39	-0.45	0.42	0.13	0.64	-0.11	0.23		KRYS
	BAC-PO	RLJ	PFSI	NEWH	BAC-PP	FTV	ASYS	COKE	MRK	KRYS

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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

BAC-PP	+ 0.99	BAC-PO
COKE	+ 0.87	FTV
FTV	+ 0.71	PFSI
MRK	+ 0.66	BAC-PP
MRK	+ 0.64	BAC-PO
KRYS	+ 0.64	ASYS

High negative correlations

BAC-PP	- 0.64	RLJ
RLJ	- 0.62	BAC-PO
KRYS	- 0.45	NEWH
MRK	- 0.43	RLJ
NEWH	- 0.41	RLJ
ASYS	- 0.34	NEWH

Risk-Adjusted Indicators

There is a big difference between FAT Stock performing well and FAT 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 FAT 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
BAC-PO	0.77	(0.11)	0.00	(0.35)	0.00	0.00	1.53	(1.97)	4.16
RLJ	1.13	0.12	0.07	0.37	1.50	(1.18)	2.46	(2.51)	10.47
PFSI	1.27	(0.03)	0.00	(0.01)	0.00	0.00	2.33	(3.32)	6.28
NEWH	9.38	0.94	0.09	1.15	8.83	(13.35)	23.33	(13.04)	77.84
BAC-PP	0.75	(0.12)	0.00	(0.23)	0.00	0.00	1.53	(1.72)	4.62
FTV	0.88	0.04	0.03	0.10	1.00	(1.00)	1.91	(1.85)	6.80
ASYS	1.57	(0.09)	0.00	(4.68)	0.00	0.00	3.48	(2.52)	15.64
COKE	1.38	0.02	0.01	0.06	1.66	(1.62)	3.15	(2.42)	6.93
MRK	0.99	(0.21)	0.00	(1.25)	0.00	0.00	1.74	(2.17)	5.24
KRYS	2.15	(0.21)	0.00	(0.35)	0.00	0.00	3.05	(5.10)	14.97

FAT Brands Corporate Management

Jacob Berchtold	Chief Division	Profile
CFA CFA	Ex Chairman	Profile
Kenneth Kuick	Chief Officer	Profile
Allen JD	Executive Counsel	Profile
Jenn Johnston	Chief Officer	Profile

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