Good Times Correlations

GTIM Stock

USD 2.54 0.01 0.40%

The current 90-days correlation between Good Times Restaurants and Nathans Famous is 0.1 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Good Times moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Good Times Restaurants moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Good Times Correlation With Market

Average diversification

The correlation between Good Times Restaurants and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Good Times Restaurants and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Good Times Restaurants. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Good Stock

0.63	SG	Sweetgreen Sell-off Trend	Pair Corr
0.79	WING	Wingstop	Pair Corr
0.81	QSR	Restaurant Brands	Pair Corr
0.86	WEN	The Wendys	Pair Corr
0.81	GENK	GEN Restaurant Group,	Pair Corr
0.86	JACK	Jack In	Pair Corr
0.78	LOCO	El Pollo Loco	Pair Corr
0.72	NATH	Nathans Famous	Pair Corr
0.84	PLAY	Dave Busters Enterta Sell-off Trend	Pair Corr
0.82	PNST	Pinstripes Holdings	Pair Corr
0.88	PZZA	Papa Johns International	Pair Corr
0.61	RAVE	Rave Restaurant Group	Pair Corr
0.81	BLMN	Bloomin Brands	Pair Corr

Moving against Good Stock

0.78	DRI	Darden Restaurants	Pair Corr
0.72	BH	Biglari Holdings	Pair Corr
0.43	PBPB	Potbelly	Pair Corr
0.8	RICK	RCI Hospitality Holdings Earnings Call This Week	Pair Corr
0.77	BROS	Dutch Bros	Pair Corr
0.71	GV	Visionary Education	Pair Corr
0.71	EEIQ	Elite Education Group	Pair Corr
0.68	CBRL	Cracker Barrel Old	Pair Corr
0.67	DAO	Youdao Inc	Pair Corr
0.53	CAKE	The Cheesecake Factory	Pair Corr
0.46	ARKR	Ark Restaurants Corp	Pair Corr
0.44	EDTK	Skillful Craftsman	Pair Corr

Related Correlations Analysis

	FRGI	NATH	FATBB	LOCO	ARKR	NROM	BH	BDVB	BDL
FRGI		-0.54	-0.07	-0.44	0.29	0.14	0.49	-0.42	-0.09	FRGI
NATH	-0.54		-0.24	0.9	-0.53	-0.28	-0.49	0.38	0.05	NATH
FATBB	-0.07	-0.24		-0.29	0.32	0.47	0.04	-0.11	-0.06	FATBB
LOCO	-0.44	0.9	-0.29		-0.55	-0.25	-0.55	0.47	0.21	LOCO
ARKR	0.29	-0.53	0.32	-0.55		0.48	0.33	-0.5	0.02	ARKR
NROM	0.14	-0.28	0.47	-0.25	0.48		0.13	-0.36	0.05	NROM
BH	0.49	-0.49	0.04	-0.55	0.33	0.13		-0.72	-0.52	BH
BDVB	-0.42	0.38	-0.11	0.47	-0.5	-0.36	-0.72		0.39	BDVB
BDL	-0.09	0.05	-0.06	0.21	0.02	0.05	-0.52	0.39		BDL
	FRGI	NATH	FATBB	LOCO	ARKR	NROM	BH	BDVB	BDL

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

LOCO	+ 0.9	NATH
BH	+ 0.49	FRGI
NROM	+ 0.48	ARKR
NROM	+ 0.47	FATBB
BDVB	+ 0.47	LOCO
BDL	+ 0.39	BDVB

High negative correlations

BDVB	- 0.72	BH
BH	- 0.55	LOCO
ARKR	- 0.55	LOCO
NATH	- 0.54	FRGI
ARKR	- 0.53	NATH
BDL	- 0.52	BH

Risk-Adjusted Indicators

There is a big difference between Good Stock performing well and Good Times 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 Good Times' 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
FRGI	2.26	0.02	(0.04)	0.03	2.75	(2.41)	4.69	(3.69)	12.75
NATH	1.60	(0.05)	0.00	(0.06)	0.00	0.00	4.04	(2.67)	10.65
FATBB	3.51	0.22	0.02	3.55	6.90	(3.54)	8.41	(7.76)	42.69
LOCO	1.46	(0.13)	0.00	(0.12)	0.00	0.00	3.47	(2.75)	13.74
ARKR	3.75	0.30	0.06	0.88	3.53	(5.05)	15.44	(7.14)	35.13
NROM	5.46	0.53	0.05	0.39	6.30	(10.18)	17.65	(14.29)	47.92
BH	1.94	0.52	0.15	(3.12)	2.03	(2.12)	4.32	(3.72)	17.89
BDVB	2.19	(0.29)	0.00	0.44	0.00	0.00	5.90	(8.06)	27.61
BDL	0.89	(0.04)	0.00	(4.42)	0.00	0.00	2.03	(2.37)	5.12

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