Accel Entertainment Correlations

ACEL Stock

USD 9.80 0.21 2.10%

The current 90-days correlation between Accel Entertainment and Nordic Semiconductor ASA is 0.03 (i.e., Significant 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

Very weak diversification

The correlation between Accel Entertainment and DJI is 0.46 (i.e., Very 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 various price indices.

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

Moving together with Accel Stock

0.84	CDROW	Codere Online Luxembourg	Pair Corr
0.81	DRI	Darden Restaurants	Pair Corr
0.78	EJH	E Home Household	Pair Corr
0.87	GMR	Gaming Realms plc	Pair Corr
0.92	XPOF	Xponential Fitness	Pair Corr
0.81	GSUN	Golden Sun Education	Pair Corr
0.67	GTIM	Good Times Restaurants	Pair Corr
0.83	LXEH	Lixiang Education Holding	Pair Corr
0.93	FLTR	Flutter Entertainment PLC	Pair Corr
0.9	PENN	Penn National Gaming	Pair Corr
0.85	REBN	Reborn Coffee	Pair Corr
0.9	PTEC	Playtech Plc	Pair Corr
0.84	RICK	RCI Hospitality Holdings	Pair Corr
0.84	SBET	Sharplink Gaming	Pair Corr
0.73	STKS	One Group Hospitality	Pair Corr

Moving against Accel Stock

0.84	CNC	Concurrent Technologies	Pair Corr
0.76	BOWL	Hollywood Bowl Group	Pair Corr
0.65	CEH	Coast Entertainment	Pair Corr
0.54	VARE	Various Eateries PLC	Pair Corr
0.8	SSNLF	Samsung Electronics	Pair Corr
0.72	CKF	Collins Foods Earnings Call Next Week	Pair Corr
0.69	PTAIY	Astra International Tbk	Pair Corr
0.63	YNGN	Young Cos Brewery	Pair Corr
0.6	PUTKY	United Tractors Tbk	Pair Corr
0.5	HVT	Heavitree Brewery	Pair Corr
0.47	PHJMF	PT Hanjaya Mandala	Pair Corr
0.37	EC	Ecopetrol SA ADR	Pair Corr
0.34	PKX	POSCO Holdings	Pair Corr
0.74	GGB	Gerdau SA ADR	Pair Corr
0.73	A	Agilent Technologies	Pair Corr
0.71	ETR	Entergy	Pair Corr
0.64	ENSG	Ensign Group	Pair Corr

Related Correlations Analysis

	ON	TSMWF	NXPI	NDCVF	BESIY	TSEM	SOSO	DLEXY
ON		0.06	0.56	0.73	0.35	-0.38	0.0	0.0	ON
TSMWF	0.06		-0.48	-0.2	0.78	0.65	0.0	0.0	TSMWF
NXPI	0.56	-0.48		0.79	-0.27	-0.87	0.0	0.0	NXPI
NDCVF	0.73	-0.2	0.79		0.11	-0.75	0.0	0.0	NDCVF
BESIY	0.35	0.78	-0.27	0.11		0.45	0.0	0.0	BESIY
TSEM	-0.38	0.65	-0.87	-0.75	0.45		0.0	0.0	TSEM
SOSO	0.0	0.0	0.0	0.0	0.0	0.0		0.0	SOSO
DLEXY	0.0	0.0	0.0	0.0	0.0	0.0	0.0		DLEXY
	ON	TSMWF	NXPI	NDCVF	BESIY	TSEM	SOSO	DLEXY

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

NDCVF	+ 0.79	NXPI
BESIY	+ 0.78	TSMWF
NDCVF	+ 0.73	ON
TSEM	+ 0.65	TSMWF
NXPI	+ 0.56	ON
TSEM	+ 0.45	BESIY

High negative correlations

TSEM	- 0.87	NXPI
TSEM	- 0.75	NDCVF
NXPI	- 0.48	TSMWF
TSEM	- 0.38	ON
BESIY	- 0.27	NXPI
NDCVF	- 0.2	TSMWF

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
ON	2.05	(0.15)	0.00	(0.05)	0.00	0.00	4.49	(4.32)	15.27
TSMWF	0.03	0.00	0.00	0.53	0.00	0.00	0.00	0.00	0.94
NXPI	1.52	(0.32)	0.00	(0.16)	0.00	0.00	2.76	(3.87)	10.01
NDCVF	1.80	(0.33)	0.00	(0.73)	0.00	0.00	4.25	(4.83)	13.93
BESIY	2.05	0.09	0.03	0.09	2.31	(2.62)	4.44	(4.23)	18.84
TSEM	2.43	0.86	0.29	0.41	2.42	(2.72)	5.19	(4.14)	23.71
SOSO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DLEXY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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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