Pinstripes Holdings Correlations

PNST Stock

0.85 0.03 3.41%

The current 90-days correlation between Pinstripes Holdings and Radcom is -0.02 (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

Significant diversification

The correlation between Pinstripes Holdings and DJI is 0.08 (i.e., Significant 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

0.62	IGT	International Game	Pair Corr
0.69	LNW	Light Wonder	Pair Corr
0.61	ARKR	Ark Restaurants Corp	Pair Corr
0.79	FL	Foot Locker Earnings Call This Week	Pair Corr
0.72	VC	Visteon Corp	Pair Corr

Moving against Pinstripes Stock

0.73	CMG	Chipotle Mexican Grill Aggressive Push	Pair Corr
0.71	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.69	EVRI	Everi Holdings	Pair Corr
0.69	NATH	Nathans Famous	Pair Corr
0.68	AGS	PlayAGS	Pair Corr
0.67	WEN	The Wendys	Pair Corr
0.61	BJRI	BJs Restaurants	Pair Corr
0.6	PZZA	Papa Johns International	Pair Corr
0.59	DRI	Darden Restaurants	Pair Corr
0.58	TXRH	Texas Roadhouse	Pair Corr
0.56	INSE	Inspired Entertainment	Pair Corr
0.51	EAT	Brinker International	Pair Corr
0.46	PLYA	Playa Hotels Resorts	Pair Corr
0.45	SHAK	Shake Shack	Pair Corr
0.44	DPZ	Dominos Pizza	Pair Corr
0.43	SBUX	Starbucks Aggressive Push	Pair Corr
0.87	HD	Home Depot	Pair Corr
0.78	MBC	MasterBrand	Pair Corr
0.59	BC	Brunswick	Pair Corr
0.45	LAD	Lithia Motors	Pair Corr
0.42	FLXS	Flexsteel Industries	Pair Corr
0.34	DORM	Dorman Products	Pair Corr

Related Correlations Analysis

	TV	ZD	NTGR	RDCM	WIGAF	NCTY	GME	AINSF
TV		-0.26	0.37	0.31	0.0	0.03	-0.18	-0.39	TV
ZD	-0.26		0.6	0.5	0.0	0.56	0.78	-0.51	ZD
NTGR	0.37	0.6		0.72	0.0	0.69	0.49	-0.86	NTGR
RDCM	0.31	0.5	0.72		0.0	0.81	0.59	-0.77	RDCM
WIGAF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	WIGAF
NCTY	0.03	0.56	0.69	0.81	0.0		0.69	-0.76	NCTY
GME	-0.18	0.78	0.49	0.59	0.0	0.69		-0.57	GME
AINSF	-0.39	-0.51	-0.86	-0.77	0.0	-0.76	-0.57		AINSF
	TV	ZD	NTGR	RDCM	WIGAF	NCTY	GME	AINSF

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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

NCTY	+ 0.81	RDCM
GME	+ 0.78	ZD
RDCM	+ 0.72	NTGR
NCTY	+ 0.69	NTGR
GME	+ 0.69	NCTY
NTGR	+ 0.6	ZD

High negative correlations

AINSF	- 0.86	NTGR
AINSF	- 0.77	RDCM
AINSF	- 0.76	NCTY
AINSF	- 0.57	GME
AINSF	- 0.51	ZD
AINSF	- 0.39	TV

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
TV	2.76	(0.05)	0.00	0.09	4.18	(2.59)	5.38	(6.56)	20.33
ZD	1.84	0.18	0.12	0.21	2.05	(1.99)	3.26	(3.72)	19.49
NTGR	2.31	0.61	0.32	0.63	1.52	(3.08)	5.28	(3.74)	34.60
RDCM	2.30	0.30	0.06	1.19	3.12	(2.44)	5.40	(5.38)	19.90
WIGAF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NCTY	2.98	0.65	0.18	2.84	2.70	(3.71)	7.11	(3.83)	27.07
GME	2.69	0.30	0.09	0.43	2.90	(3.19)	8.88	(4.19)	20.86
AINSF	1.35	(0.43)	0.00	(0.96)	0.00	0.00	2.13	(4.08)	11.12

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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