Pinstripes Holdings Correlations

PNST Stock

0.38 0.03 7.32%

The current 90-days correlation between Pinstripes Holdings and American Hotel Income is -0.2 (i.e., Good diversification). The correlation of Pinstripes Holdings 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.

Pinstripes Holdings Correlation With Market

Average diversification

The correlation between Pinstripes Holdings and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pinstripes Holdings and DJI in the same portfolio, assuming nothing else is changed.

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

For more information on how to buy Pinstripes Stock please use our How to Invest in Pinstripes Holdings guide.

Moving together with Pinstripes Stock

0.69	SG	Sweetgreen	Pair Corr
0.74	WING	Wingstop	Pair Corr
0.66	DIN	Dine Brands Global	Pair Corr
0.72	QSR	Restaurant Brands	Pair Corr
0.8	WEN	The Wendys	Pair Corr
0.72	GENK	GEN Restaurant Group,	Pair Corr
0.77	JACK	Jack In	Pair Corr
0.72	LOCO	El Pollo Loco	Pair Corr
0.73	NATH	Nathans Famous Earnings Call This Week	Pair Corr
0.81	PLAY	Dave Busters Enterta Buyout Trend	Pair Corr
0.79	PZZA	Papa Johns International	Pair Corr
0.68	SBUX	Starbucks Earnings Call This Week	Pair Corr

Moving against Pinstripes Stock

0.73	DRI	Darden Restaurants	Pair Corr
0.64	BH	Biglari Holdings	Pair Corr
0.31	FATBB	FAT Brands	Pair Corr
0.75	CBRL	Cracker Barrel Old	Pair Corr
0.75	GV	Visionary Education	Pair Corr
0.72	DAO	Youdao Inc	Pair Corr
0.69	ARKR	Ark Restaurants Corp	Pair Corr
0.63	RICK	RCI Hospitality Holdings	Pair Corr
0.6	EEIQ	Elite Education Group	Pair Corr
0.58	BROS	Dutch Bros	Pair Corr
0.52	EDTK	Skillful Craftsman	Pair Corr
0.43	CAKE	The Cheesecake Factory	Pair Corr

Related Correlations Analysis

	INN	SBUX	CECO	BJRI	AHOTF	RBC	HIHO
INN		-0.36	0.72	0.14	-0.37	0.41	-0.13	INN
SBUX	-0.36		0.03	0.38	-0.13	0.52	-0.11	SBUX
CECO	0.72	0.03		0.15	-0.46	0.63	0.01	CECO
BJRI	0.14	0.38	0.15		-0.3	0.32	-0.11	BJRI
AHOTF	-0.37	-0.13	-0.46	-0.3		-0.66	0.22	AHOTF
RBC	0.41	0.52	0.63	0.32	-0.66		-0.26	RBC
HIHO	-0.13	-0.11	0.01	-0.11	0.22	-0.26		HIHO
	INN	SBUX	CECO	BJRI	AHOTF	RBC	HIHO

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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

CECO	+ 0.72	INN
RBC	+ 0.63	CECO
RBC	+ 0.52	SBUX
RBC	+ 0.41	INN
BJRI	+ 0.38	SBUX
RBC	+ 0.32	BJRI

High negative correlations

RBC	- 0.66	AHOTF
AHOTF	- 0.46	CECO
AHOTF	- 0.37	INN
SBUX	- 0.36	INN
AHOTF	- 0.3	BJRI
HIHO	- 0.26	RBC

Risk-Adjusted Indicators

There is a big difference between Pinstripes Stock performing well and Pinstripes Holdings 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 Pinstripes Holdings' 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
INN	1.38	0.05	0.01	0.34	1.54	(1.64)	2.47	(3.01)	10.67
SBUX	1.00	0.04	0.01	0.25	1.21	(1.06)	2.44	(1.86)	7.24
CECO	2.45	0.21	0.04	2.61	3.55	(2.52)	4.62	(5.19)	17.86
BJRI	1.86	0.02	0.00	0.08	2.56	(1.91)	3.99	(3.27)	13.05
AHOTF	2.85	0.04	0.00	1.17	3.31	(5.01)	8.89	(5.41)	17.95
RBC	1.04	0.11	0.08	0.26	0.95	(1.20)	2.22	(1.80)	12.57
HIHO	1.72	0.10	0.01	(0.45)	3.03	(1.93)	2.69	(2.97)	41.93

Pinstripes Holdings Corporate Management

David CPA	VP Controller	Profile
Lida Ahn	Chief Officer	Profile
Shannon Keller	Chief Officer	Profile
Chris Soukup	Chief Officer	Profile
Christine Ferris	Vice Marketing	Profile
Anthony Querciagrossa	Chief Officer	Profile

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