Kura Sushi Correlations

KRUS Stock

USD 49.26 1.65 3.24%

The current 90-days correlation between Kura Sushi USA and Dennys Corp is 0.31 (i.e., Weak diversification). The correlation of Kura Sushi 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.

Kura Sushi Correlation With Market

Poor diversification

The correlation between Kura Sushi USA and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kura Sushi USA and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kura Sushi USA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with Kura Stock

0.89	H	Hyatt Hotels	Pair Corr
0.78	SG	Sweetgreen	Pair Corr
0.76	WH	Wyndham Hotels Resorts	Pair Corr
0.9	WW	WW International	Pair Corr
0.94	DNUT	Krispy Kreme	Pair Corr
0.81	WING	Wingstop	Pair Corr
0.73	FLUT	Flutter Entertainment plc	Pair Corr
0.77	BYD	Boyd Gaming	Pair Corr
0.86	CCL	Carnival	Pair Corr
0.74	CHH	Choice Hotels Intern	Pair Corr
0.9	CMG	Chipotle Mexican Grill	Pair Corr
0.68	CSV	Carriage Services	Pair Corr
0.86	CUK	Carnival Plc ADS Earnings Call This Week	Pair Corr
0.82	CZR	Caesars Entertainment	Pair Corr
0.76	DIN	Dine Brands Global	Pair Corr
0.76	FLL	Full House Resorts	Pair Corr
0.89	FUN	Six Flags Entertainment	Pair Corr
0.65	GAN	Gan	Pair Corr
0.88	FTDR	Frontdoor	Pair Corr
0.67	HGV	Hilton Grand Vacations	Pair Corr
0.66	HLT	Hilton Worldwide Holdings	Pair Corr
0.8	IHG	InterContinental Hotels	Pair Corr

Moving against Kura Stock

0.67	EJH	E Home Household	Pair Corr
0.42	AGS	PlayAGS	Pair Corr
0.36	DRI	Darden Restaurants	Pair Corr
0.32	DPZ	Dominos Pizza Common	Pair Corr
0.69	MCD	McDonalds Sell-off Trend	Pair Corr
0.58	QSR	Restaurant Brands	Pair Corr
0.34	LTH	Life Time Group	Pair Corr

Related Correlations Analysis

	EAT	DENN	BLMN	CHUY	JACK	DIN	RUTH	BJRI	FRGI	NDLS
EAT		0.59	0.58	0.0	0.52	0.56	0.0	0.62	0.0	0.7	EAT
DENN	0.59		0.95	0.0	0.88	0.87	0.0	0.56	0.0	0.31	DENN
BLMN	0.58	0.95		0.0	0.9	0.87	0.0	0.59	0.0	0.36	BLMN
CHUY	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	CHUY
JACK	0.52	0.88	0.9	0.0		0.82	0.0	0.63	0.0	0.41	JACK
DIN	0.56	0.87	0.87	0.0	0.82		0.0	0.58	0.0	0.35	DIN
RUTH	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	RUTH
BJRI	0.62	0.56	0.59	0.0	0.63	0.58	0.0		0.0	0.55	BJRI
FRGI	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	FRGI
NDLS	0.7	0.31	0.36	0.0	0.41	0.35	0.0	0.55	0.0		NDLS
	EAT	DENN	BLMN	CHUY	JACK	DIN	RUTH	BJRI	FRGI	NDLS

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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

BLMN	+ 0.95	DENN
JACK	+ 0.9	BLMN
JACK	+ 0.88	DENN
DIN	+ 0.87	DENN
DIN	+ 0.87	BLMN
DIN	+ 0.82	JACK

High negative correlations

NDLS	- 0.0	FRGI
FRGI	- 0.0	BJRI
NDLS	- 0.0	RUTH
FRGI	- 0.0	RUTH
BJRI	- 0.0	RUTH
FRGI	- 0.0	DIN

Risk-Adjusted Indicators

There is a big difference between Kura Stock performing well and Kura Sushi 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 Kura Sushi'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
EAT	3.05	0.28	0.06	0.10	3.85	(3.22)	6.45	(5.78)	26.95
DENN	3.28	(0.88)	0.00	(0.96)	0.00	0.00	5.75	(9.50)	30.15
BLMN	3.57	(0.50)	0.00	(0.37)	0.00	0.00	7.29	(7.95)	26.53
CHUY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JACK	2.78	(0.50)	0.00	(0.50)	0.00	0.00	4.17	(6.90)	21.64
DIN	2.63	(0.35)	0.00	(0.35)	0.00	0.00	5.09	(5.55)	17.97
RUTH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BJRI	1.99	(0.03)	0.00	(0.11)	0.00	0.00	4.43	(3.91)	15.34
FRGI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NDLS	5.51	0.78	0.12	0.48	5.35	(6.94)	13.60	(9.82)	39.09

Kura Sushi Corporate Management

Benjamin Porten	SVP Development	Profile
Brent Takao	Treasurer Officer	Profile
Arlene Petokas	Chief Officer	Profile
Sean Allameh	Chief Officer	Profile
Robert Kluger	Chief Officer	Profile

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