Jack In Correlations

JACK Stock  USD 18.98  0.55  2.82%   
The current 90-days correlation between Jack In and El Pollo Loco is 0.43 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Jack In moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jack In The moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Jack In Correlation With Market

Weak diversification

The correlation between Jack In The and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jack In The 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 Jack In The. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in services.

Moving together with Jack Stock

  0.65SG SweetgreenPairCorr
  0.73DKNG DraftKingsPairCorr
  0.61WING WingstopPairCorr
  0.76BYD Boyd GamingPairCorr
  0.83CZR Caesars EntertainmentPairCorr
  0.62DIN Dine Brands GlobalPairCorr
  0.82DPZ Dominos Pizza CommonPairCorr
  0.64DRI Darden RestaurantsPairCorr
  0.71EAT Brinker InternationalPairCorr
  0.73FLL Full House ResortsPairCorr

Moving against Jack Stock

  0.55BDL Flanigans EnterprisesPairCorr
  0.47VARE Various Eateries PLCPairCorr
  0.46AGH Aureus Greenway HoldingsPairCorr
  0.4IH Ihuman IncPairCorr
  0.4DPP DP Poland PlcPairCorr
  0.39EDTK Skillful CraftsmanPairCorr
  0.34EM Smart Share GlobalPairCorr
  0.36MSC Studio City International TrendingPairCorr

Related Correlations Analysis


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

INVZEMPD
PTLOEMPD
CTRNLOCO
EMPDTWNP
INVZPTLO
INVZTWNP
  

High negative correlations

DINTWNP
EMPDCTRN
INVZLOCO
CTRNTWNP
EMPDLOCO
TWNPLOCO

Risk-Adjusted Indicators

There is a big difference between Jack Stock performing well and Jack In 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 Jack In'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
LOCO  1.68  0.03  0.03  0.10  1.94 
 3.24 
 16.59 
TWNP  5.00 (2.26) 0.00  4.47  0.00 
 7.46 
 48.40 
BNED  2.79 (0.06) 0.03  0.05  2.84 
 5.82 
 41.07 
DIN  2.34  0.38  0.16  0.36  2.19 
 6.24 
 12.95 
CTRN  2.05  0.45  0.17  0.76  2.08 
 4.58 
 20.11 
MPX  1.69 (0.04)(0.02) 0.02  2.41 
 3.26 
 10.94 
EMPD  3.23 (0.89) 0.00 (0.35) 0.00 
 5.26 
 17.59 
PTLO  1.95 (0.51) 0.00 (0.40) 0.00 
 3.91 
 12.57 
GCO  2.80 (0.36) 0.00 (0.08) 0.00 
 7.06 
 39.13 
INVZ  3.35 (1.09) 0.00 (0.29) 0.00 
 7.26 
 23.92 

Jack In Corporate Management

Rachel WebbVP RelationsProfile
Chris BrandonVice RelationsProfile
Doug CookVP CTOProfile
Ryan OstromExecutive OfficerProfile
Darin HarrisCEO DirectorProfile