Ark Restaurants Correlations

Stocks . USA . 
Stock . Ark Restaurants Corp
ARKR Stock  USD 10.70  0.20  1.90%   
The current 90-days correlation between Ark Restaurants Corp and Nathans Famous is 0.23 (i.e., Modest diversification). The correlation of Ark Restaurants 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.

Ark Restaurants Correlation With Market

Modest diversification

The correlation between Ark Restaurants Corp and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ark Restaurants Corp and DJI in the same portfolio, assuming nothing else is changed.
  
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ark Restaurants Corp. 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 Ark Stock

  0.77H Hyatt HotelsPairCorr
  0.68BH Biglari HoldingsPairCorr
  0.68WING WingstopPairCorr
  0.79WYNN Wynn Resorts LimitedPairCorr
  0.7AGS PlayAGSPairCorr
  0.76BYD Boyd GamingPairCorr
  0.76CCL Carnival Aggressive PushPairCorr
  0.68CSV Carriage ServicesPairCorr
  0.75CUK Carnival Plc ADSPairCorr
  0.67GAN GanPairCorr
  0.74FTDR FrontdoorPairCorr
  0.75HGV Hilton Grand VacationsPairCorr
  0.82HLT Hilton Worldwide HoldingsPairCorr
  0.79IHG InterContinental HotelsPairCorr

Moving against Ark Stock

  0.83EJH E Home HouseholdPairCorr
  0.42SG SweetgreenPairCorr
  0.43BTBDW BT Brands WarrantPairCorr
  0.41FWRG First Watch RestaurantPairCorr

Related Correlations Analysis

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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   
AUBN
+ 0.53
GTIM
AUBN
+ 0.38
BDL
BDL
+ 0.23
NATH
TAST
+ 0.0
NATH
TAST
+ 0.0
BDL
TAST
+ 0.0
GTIM
  
High negative correlations   
GTIM
- 0.56
NATH
AUBN
- 0.29
NATH
GTIM
- 0.02
BDL
TAST
- 0.0
AUBN
TAST
- 0.0
GTIM
TAST
- 0.0
BDL

Risk-Adjusted Indicators

There is a big difference between Ark Stock performing well and Ark Restaurants 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 Ark Restaurants' 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.

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