Dave Busters Correlations

PLAY Stock

USD 16.88 0.16 0.94%

The current 90-days correlation between Dave Busters Enterta and Reservoir Media is 0.27 (i.e., Modest diversification). The correlation of Dave Busters 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.

Dave Busters Correlation With Market

Very weak diversification

The correlation between Dave Busters Entertainment and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dave Busters Entertainment and DJI in the same portfolio, assuming nothing else is changed.

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Dave Busters Entertainment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Dave Stock

0.7	CZR	Caesars Entertainment	Pair Corr
0.73	RSI	Rush Street Interactive	Pair Corr

Moving against Dave Stock

0.32

GE Aerospace

Pair Corr

Related Correlations Analysis

	RSVR	MCS	JFIN	GTN	AENT	HUYA	AMCX	WOW	ANGI
RSVR		-0.15	0.39	0.62	-0.06	0.73	-0.03	0.02	0.76	RSVR
MCS	-0.15		-0.61	0.38	0.63	-0.03	0.71	0.1	-0.38	MCS
JFIN	0.39	-0.61		0.16	-0.69	0.25	-0.83	-0.27	0.51	JFIN
GTN	0.62	0.38	0.16		0.3	0.77	0.35	-0.02	0.5	GTN
AENT	-0.06	0.63	-0.69	0.3		0.18	0.83	0.32	-0.11	AENT
HUYA	0.73	-0.03	0.25	0.77	0.18		0.24	0.02	0.8	HUYA
AMCX	-0.03	0.71	-0.83	0.35	0.83	0.24		0.19	-0.14	AMCX
WOW	0.02	0.1	-0.27	-0.02	0.32	0.02	0.19		-0.02	WOW
ANGI	0.76	-0.38	0.51	0.5	-0.11	0.8	-0.14	-0.02		ANGI
	RSVR	MCS	JFIN	GTN	AENT	HUYA	AMCX	WOW	ANGI

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

AMCX	+ 0.83	AENT
ANGI	+ 0.8	HUYA
HUYA	+ 0.77	GTN
ANGI	+ 0.76	RSVR
HUYA	+ 0.73	RSVR
AMCX	+ 0.71	MCS

High negative correlations

AMCX	- 0.83	JFIN
AENT	- 0.69	JFIN
JFIN	- 0.61	MCS
ANGI	- 0.38	MCS
WOW	- 0.27	JFIN
MCS	- 0.15	RSVR

Risk-Adjusted Indicators

There is a big difference between Dave Stock performing well and Dave Busters 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 Dave Busters' 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
RSVR	0.99	(0.15)	0.00	(0.29)	0.00	0.00	2.14	(2.54)	7.58
MCS	1.67	(0.05)	(0.03)	0.00	1.89	(1.85)	4.59	(3.06)	11.90
JFIN	2.47	(0.85)	0.00	(0.54)	0.00	0.00	4.35	(5.79)	16.66
GTN	2.42	(0.33)	0.00	(0.12)	0.00	0.00	4.86	(4.83)	11.80
AENT	3.31	0.30	0.07	0.54	3.45	(3.87)	9.06	(5.32)	25.74
HUYA	2.01	(0.17)	0.00	(0.13)	0.00	0.00	5.21	(4.29)	12.46
AMCX	1.96	0.13	0.06	0.17	2.08	(2.36)	4.07	(3.58)	11.16
WOW	13.88	7.59	19.31	(0.72)	0.00	(20.53)	0.77	(0.39)	1.36
ANGI	2.25	(0.42)	0.00	(0.25)	0.00	0.00	4.27	(5.38)	12.67

Dave Busters Corporate Management

John Mulleady	Sr. VP of Real Estate and Devel.	Profile
Rodolfo Rodriguez	Chief VP	Profile
Antonio Bautista	Senior Officer	Profile
Darin Harper	Chief Officer	Profile
Christopher Morris	CEO Director	Profile

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