One Group Correlations

STKS Stock

USD 3.53 0.10 2.92%

The current 90-days correlation between One Group Hospitality and Chuys Holdings is -0.06 (i.e., Good diversification). The correlation of One Group 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.

One Group Correlation With Market

Very weak diversification

The correlation between One Group Hospitality and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding One Group Hospitality and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in One Group Hospitality. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with One Stock

0.68	ARKR	Ark Restaurants Corp	Pair Corr
0.75	BLMN	Bloomin Brands	Pair Corr

Moving against One Stock

0.61	BROS	Dutch Bros	Pair Corr
0.53	EAT	Brinker International	Pair Corr
0.5	BH	Biglari Holdings	Pair Corr
0.47	PLYA	Playa Hotels Resorts	Pair Corr
0.45	EVRI	Everi Holdings	Pair Corr
0.41	SBUX	Starbucks Aggressive Push	Pair Corr
0.38	TXRH	Texas Roadhouse	Pair Corr
0.37	INSE	Inspired Entertainment Potential Growth	Pair Corr
0.32	SHAK	Shake Shack	Pair Corr
0.49	DORM	Dorman Products	Pair Corr
0.46	FLXS	Flexsteel Industries	Pair Corr
0.41	LAD	Lithia Motors	Pair Corr
0.32	GPI	Group 1 Automotive	Pair Corr

Related Correlations Analysis

	CHUY	FATBB	PBPB	BJRI	RAVE	ARKR	BDL	FRGI	NROM	FATBP
CHUY		-0.35	0.18	0.23	0.38	-0.6	0.17	0.01	-0.03	-0.68	CHUY
FATBB	-0.35		0.05	-0.17	-0.23	0.29	0.07	0.04	0.22	0.25	FATBB
PBPB	0.18	0.05		0.43	0.41	-0.59	-0.38	0.27	0.17	-0.37	PBPB
BJRI	0.23	-0.17	0.43		0.85	-0.55	-0.27	0.56	-0.01	-0.64	BJRI
RAVE	0.38	-0.23	0.41	0.85		-0.68	-0.38	0.57	-0.08	-0.76	RAVE
ARKR	-0.6	0.29	-0.59	-0.55	-0.68		0.44	-0.12	0.1	0.76	ARKR
BDL	0.17	0.07	-0.38	-0.27	-0.38	0.44		-0.18	0.08	0.17	BDL
FRGI	0.01	0.04	0.27	0.56	0.57	-0.12	-0.18		0.14	-0.16	FRGI
NROM	-0.03	0.22	0.17	-0.01	-0.08	0.1	0.08	0.14		0.1	NROM
FATBP	-0.68	0.25	-0.37	-0.64	-0.76	0.76	0.17	-0.16	0.1		FATBP
	CHUY	FATBB	PBPB	BJRI	RAVE	ARKR	BDL	FRGI	NROM	FATBP

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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

RAVE	+ 0.85	BJRI
FATBP	+ 0.76	ARKR
FRGI	+ 0.57	RAVE
FRGI	+ 0.56	BJRI
BDL	+ 0.44	ARKR
BJRI	+ 0.43	PBPB

High negative correlations

FATBP	- 0.76	RAVE
ARKR	- 0.68	RAVE
FATBP	- 0.68	CHUY
FATBP	- 0.64	BJRI
ARKR	- 0.6	CHUY
ARKR	- 0.59	PBPB

Risk-Adjusted Indicators

There is a big difference between One Stock performing well and One Group 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 One Group'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
CHUY	1.59	0.77	3.23	1.75	0.00	(1.83)	0.67	(0.27)	48.46
FATBB	2.98	0.04	(0.01)	0.27	4.32	(3.72)	8.53	(10.10)	24.95
PBPB	2.10	0.10	0.14	0.16	1.57	(2.85)	4.24	(3.01)	24.84
BJRI	1.99	0.01	0.03	0.13	2.27	(2.24)	4.05	(2.64)	13.19
RAVE	2.76	0.71	0.24	1.14	2.17	(3.51)	8.33	(4.90)	26.70
ARKR	1.91	(0.39)	0.00	(0.84)	0.00	0.00	4.35	(5.31)	16.51
BDL	1.41	(0.03)	0.00	(0.33)	0.00	0.00	5.00	(4.65)	16.06
FRGI	2.26	(0.05)	(0.05)	(0.03)	2.75	(2.41)	4.69	(3.69)	12.75
NROM	5.62	0.50	0.04	0.42	7.28	(12.29)	21.88	(17.95)	68.65
FATBP	0.88	(0.15)	0.00	(0.44)	0.00	0.00	2.27	(2.07)	6.52

One Group Corporate Management

Daniel Cunningham	Chief Officer	Profile
Maria Woods	General Counsel	Profile
Christi Hing	Secretary	Profile
Caroline Baker	Senior Operations	Profile

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