Ruths Hospitality Correlations
| RUTHDelisted Stock | USD 21.49 0.00 0.00% |
The current 90-days correlation between Ruths Hospitality and Dine Brands Global is 0.07 (i.e., Significant diversification). The correlation of Ruths Hospitality 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.
Ruths Hospitality Correlation With Market
Good diversification
The correlation between Ruths Hospitality Group and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ruths Hospitality Group and DJI in the same portfolio, assuming nothing else is changed.
Ruths |
Moving together with Ruths Stock
| 0.76 | HPQ | HP Inc | PairCorr |
| 0.7 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.81 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.61 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.71 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.71 | WMT | Walmart Aggressive Push | PairCorr |
| 0.78 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.78 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.87 | CSCO | Cisco Systems | PairCorr |
Moving against Ruths Stock
| 0.87 | AAGH | America Great Health | PairCorr |
| 0.83 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.77 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.75 | NNAX | New Momentum | PairCorr |
| 0.54 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.53 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.5 | PG | Procter Gamble | PairCorr |
| 0.49 | AMIX | Autonomix Medical, Common Trending | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Ruths Stock performing well and Ruths 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 Ruths 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DIN | 2.55 | (0.14) | (0.01) | 0.03 | 2.86 | 4.47 | 19.97 | |||
| BLMN | 2.10 | (0.65) | 0.00 | (0.30) | 0.00 | 3.57 | 17.72 | |||
| BJRI | 1.95 | 0.01 | 0.02 | 0.10 | 2.24 | 4.05 | 13.19 | |||
| CAKE | 1.78 | 0.17 | 0.11 | 0.24 | 1.62 | 5.11 | 13.08 | |||
| EAT | 1.88 | 0.77 | 0.45 | 0.70 | 1.26 | 5.04 | 11.91 | |||
| DENN | 2.47 | (0.08) | 0.00 | 0.05 | 3.77 | 5.26 | 26.32 | |||
| CHUY | 1.59 | 0.77 | 3.32 | 1.34 | 0.00 | 0.67 | 48.46 | |||
| FRGI | 2.26 | (0.16) | (0.04) | (0.01) | 2.75 | 4.69 | 12.75 |
Ruths Hospitality Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Ruths Hospitality stock to make a market-neutral strategy. Peer analysis of Ruths Hospitality could also be used in its relative valuation, which is a method of valuing Ruths Hospitality by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Ruths Hospitality Corporate Management
| Cheryl Henry | Chief Branding Officer and Sr. VP | Profile | |
| Kristy Chipman | Ex COO | Profile | |
| Mark Taylor | VP Analysis | Profile | |
| David Hyatt | VP Officer | Profile | |
| Marcy Lynch | Gen VP | Profile | |
| Michael Hynes | VP Accounting | Profile |
Still Interested in Ruths Hospitality Group?
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