RCI Hospitality Correlations

RICK Stock

USD 50.43 1.55 3.17%

The current 90-days correlation between RCI Hospitality Holdings and BJs Restaurants is 0.54 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as RCI Hospitality moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RCI Hospitality Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

RCI Hospitality Correlation With Market

Poor diversification

The correlation between RCI Hospitality Holdings and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RCI Hospitality 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 RCI Hospitality 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 main economic indicators.

Moving together with RCI Stock

0.74	BH	Biglari Holdings	Pair Corr
0.62	BYD	Boyd Gaming	Pair Corr
0.69	XPOF	Xponential Fitness Downward Rally	Pair Corr
0.67	BTCTW	BTC Digital	Pair Corr
0.89	LIND	Lindblad Expeditions	Pair Corr
0.78	PLNT	Planet Fitness	Pair Corr
0.68	PLYA	Playa Hotels Resorts	Pair Corr
0.69	PRKS	United Parks Resorts Symbol Change	Pair Corr
0.68	SHAK	Shake Shack	Pair Corr
0.68	CAKE	The Cheesecake Factory	Pair Corr
0.65	F	Ford Motor	Pair Corr
0.76	GM	General Motors	Pair Corr

Moving against RCI Stock

0.53	SBET	Sharplink Gaming	Pair Corr
0.52	EJH	E Home Household	Pair Corr
0.44	ARKR	Ark Restaurants Corp	Pair Corr
0.38	WING	Wingstop	Pair Corr
0.55	WAFU	Wah Fu Education	Pair Corr
0.53	W	Wayfair	Pair Corr
0.39	EDTK	Skillful Craftsman	Pair Corr
0.36	IH	Ihuman Inc	Pair Corr
0.34	DOOO	BRP Inc Earnings Call This Week	Pair Corr

Related Correlations Analysis

	EAT	BLMN	BJRI	CHUY	DENN	FRGI	NATH	GTIM	FATBB	LOCO
EAT		-0.77	0.78	0.36	0.44	0.42	0.83	-0.57	-0.14	-0.76	EAT
BLMN	-0.77		-0.39	-0.41	-0.05	-0.27	-0.56	0.63	-0.03	0.58	BLMN
BJRI	0.78	-0.39		0.23	0.49	0.52	0.82	-0.31	-0.16	-0.49	BJRI
CHUY	0.36	-0.41	0.23		0.19	0.01	0.48	-0.41	-0.3	-0.22	CHUY
DENN	0.44	-0.05	0.49	0.19		0.1	0.49	-0.08	-0.13	-0.05	DENN
FRGI	0.42	-0.27	0.52	0.01	0.1		0.54	-0.08	-0.03	-0.15	FRGI
NATH	0.83	-0.56	0.82	0.48	0.49	0.54		-0.52	-0.23	-0.46	NATH
GTIM	-0.57	0.63	-0.31	-0.41	-0.08	-0.08	-0.52		0.16	0.56	GTIM
FATBB	-0.14	-0.03	-0.16	-0.3	-0.13	-0.03	-0.23	0.16		0.28	FATBB
LOCO	-0.76	0.58	-0.49	-0.22	-0.05	-0.15	-0.46	0.56	0.28		LOCO
	EAT	BLMN	BJRI	CHUY	DENN	FRGI	NATH	GTIM	FATBB	LOCO

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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

NATH	+ 0.83	EAT
NATH	+ 0.82	BJRI
BJRI	+ 0.78	EAT
GTIM	+ 0.63	BLMN
LOCO	+ 0.58	BLMN
LOCO	+ 0.56	GTIM

High negative correlations

BLMN	- 0.77	EAT
LOCO	- 0.76	EAT
GTIM	- 0.57	EAT
NATH	- 0.56	BLMN
GTIM	- 0.52	NATH
LOCO	- 0.49	BJRI

Risk-Adjusted Indicators

There is a big difference between RCI Stock performing well and RCI Hospitality 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 RCI Hospitality'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
EAT	1.90	0.86	0.49	0.71	1.23	(2.43)	5.04	(2.48)	11.91
BLMN	2.13	(0.61)	0.00	(0.29)	0.00	0.00	3.57	(4.86)	17.72
BJRI	1.99	0.06	0.04	0.12	2.24	(2.30)	4.05	(2.64)	13.19
CHUY	1.59	0.88	3.39	(1.38)	0.00	(1.83)	0.67	(0.27)	48.46
DENN	2.47	(0.05)	0.00	0.05	3.77	(2.83)	5.26	(4.19)	26.32
FRGI	2.26	0.01	(0.03)	0.05	2.75	(2.41)	4.69	(3.69)	12.75
NATH	1.54	0.08	0.05	0.15	1.70	(1.64)	3.11	(2.61)	9.20
GTIM	2.22	(0.20)	0.00	(0.11)	0.00	0.00	4.69	(4.59)	16.72
FATBB	2.77	0.15	0.02	0.41	3.96	(3.47)	8.53	(9.39)	24.33
LOCO	1.23	(0.28)	0.00	(0.12)	0.00	0.00	2.11	(2.63)	9.80

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