Accel Entertainment Correlations

ACEL Stock

USD 12.64 0.45 3.69%

The current 90-days correlation between Accel Entertainment and PlayAGS is 0.16 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Accel Entertainment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Accel Entertainment moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Accel Entertainment Correlation With Market

Weak diversification

The correlation between Accel Entertainment and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Accel Entertainment and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Accel Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Accel Entertainment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

For more information on how to buy Accel Stock please use our How to buy in Accel Stock guide.

Moving together with Accel Stock

0.79	RRR	Red Rock Resorts Earnings Call Today	Pair Corr
0.65	RL	Ralph Lauren Corp	Pair Corr
0.84	ANF	Abercrombie Fitch	Pair Corr
0.75	BKE	Buckle Inc	Pair Corr
0.67	FOSL	Fossil Group	Pair Corr
0.81	FND	Floor Decor Holdings	Pair Corr
0.76	GES	Guess Inc	Pair Corr
0.73	HVT	Haverty Furniture	Pair Corr
0.79	TPH	TRI Pointe Homes Earnings Call This Week	Pair Corr
0.67	UAA	Under Armour A	Pair Corr
0.64	GRPN	Groupon	Pair Corr
0.78	SCVL	Shoe Carnival	Pair Corr
0.66	SONO	Sonos Inc	Pair Corr
0.71	RFG	Retail Food Group	Pair Corr
0.63	CKF	Collins Foods	Pair Corr
0.72	INBX	Inhibrx Biosciences,	Pair Corr
0.77	LNDNF	Lundin Energy AB	Pair Corr

Moving against Accel Stock

0.46	TOY	Toys R ANZ	Pair Corr
0.37	ROST	Ross Stores	Pair Corr
0.48	07274NBG7	BAYNGR 5 15	Pair Corr
0.39	603057	Shanghai Ziyan Foods	Pair Corr

Related Correlations Analysis

	AGS	LNW	EVRI	INSE	IGT	ALTG	BALY	ATGE	GDEN
AGS		0.6	0.85	0.68	0.07	0.85	-0.46	0.26	0.75	AGS
LNW	0.6		0.59	0.68	0.29	0.78	-0.42	0.14	0.7	LNW
EVRI	0.85	0.59		0.62	0.04	0.79	-0.74	0.61	0.76	EVRI
INSE	0.68	0.68	0.62		0.6	0.77	-0.41	0.3	0.75	INSE
IGT	0.07	0.29	0.04	0.6		0.22	-0.03	0.03	0.31	IGT
ALTG	0.85	0.78	0.79	0.77	0.22		-0.54	0.25	0.84	ALTG
BALY	-0.46	-0.42	-0.74	-0.41	-0.03	-0.54		-0.75	-0.54	BALY
ATGE	0.26	0.14	0.61	0.3	0.03	0.25	-0.75		0.49	ATGE
GDEN	0.75	0.7	0.76	0.75	0.31	0.84	-0.54	0.49		GDEN
	AGS	LNW	EVRI	INSE	IGT	ALTG	BALY	ATGE	GDEN

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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

EVRI	+ 0.85	AGS
ALTG	+ 0.85	AGS
GDEN	+ 0.84	ALTG
ALTG	+ 0.79	EVRI
ALTG	+ 0.78	LNW
ALTG	+ 0.77	INSE

High negative correlations

ATGE	- 0.75	BALY
BALY	- 0.74	EVRI
GDEN	- 0.54	BALY
BALY	- 0.54	ALTG
BALY	- 0.46	AGS
BALY	- 0.42	LNW

Risk-Adjusted Indicators

There is a big difference between Accel Stock performing well and Accel Entertainment 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 Accel Entertainment'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
AGS	0.23	0.04	(0.22)	(11.25)	0.29	(0.25)	0.49	(0.50)	1.85
LNW	2.07	0.25	0.07	0.39	3.09	(2.16)	4.88	(5.01)	17.91
EVRI	0.22	0.06	(0.15)	(5.93)	0.23	(0.28)	0.73	(0.36)	2.10
INSE	2.03	0.26	0.12	0.34	2.08	(2.17)	4.42	(3.64)	9.87
IGT	1.70	0.42	0.08	(0.74)	2.22	(1.81)	3.31	(3.39)	19.97
ALTG	3.40	0.73	0.26	0.61	2.53	(4.14)	8.33	(4.66)	23.70
BALY	3.52	(0.61)	0.00	(1.24)	0.00	0.00	8.04	(9.00)	22.17
ATGE	1.82	0.10	0.03	0.26	2.22	(1.92)	3.33	(3.20)	22.91
GDEN	1.61	0.13	0.04	0.31	1.99	(1.83)	3.69	(2.71)	13.23

Accel Entertainment Corporate Management

Steve Gradman	Chief Officer	Profile
David Ruttenberg	Independent Director	Profile
Michael Pappas	Executive Affairs	Profile
Mathew CPA	Chief Officer	Profile
Gabriel Garcia	Chief Officer	Profile
Ryan Hammer	President Gaming Operations	Profile

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