Accel Entertainment Correlations

ACEL Stock

USD 10.27 0.03 0.29%

The current 90-days correlation between Accel Entertainment and Ballys Corp is 0.1 (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

Very weak diversification

The correlation between Accel Entertainment and DJI is 0.45 (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 signals in world development indicators.

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

Moving together with Accel Stock

0.83	PTLO	Portillos	Pair Corr
0.78	DIS	Walt Disney	Pair Corr
0.74	BA	Boeing Sell-off Trend	Pair Corr
0.79	PG	Procter Gamble	Pair Corr
0.91	T	ATT Inc Aggressive Push	Pair Corr
0.83	HD	Home Depot Earnings Call This Week	Pair Corr

Moving against Accel Stock

0.85	PATH	Uipath Inc	Pair Corr
0.75	NVDA	NVIDIA Earnings Call This Week	Pair Corr
0.72	RIG	Transocean	Pair Corr
0.66	F	Ford Motor	Pair Corr
0.65	PLUG	Plug Power	Pair Corr
0.63	UEC	Uranium Energy Corp	Pair Corr
0.61	DIN	Dine Brands Global	Pair Corr
0.61	MPW	Medical Properties Trust	Pair Corr
0.56	CGUD	Com GuardCom	Pair Corr
0.54	BK	Bank of New York	Pair Corr
0.41	GS	Goldman Sachs Group	Pair Corr
0.39	GRAB	Grab Holdings	Pair Corr
0.36	NIO	Nio Class A Earnings Call This Week	Pair Corr
0.35	OPEN	Opendoor Technologies Downward Rally	Pair Corr
0.9	CAT	Caterpillar	Pair Corr
0.84	INTC	Intel	Pair Corr
0.84	AA	Alcoa Corp	Pair Corr
0.84	IBM	International Business	Pair Corr
0.68	AXP	American Express	Pair Corr
0.62	DD	Dupont De Nemours	Pair Corr
0.57	BAC	Bank of America	Pair Corr
0.55	WMT	Walmart Earnings Call This Week	Pair Corr
0.51	PLG	Platinum Group Metals	Pair Corr
0.51	MRK	Merck Company Sell-off Trend	Pair Corr
0.44	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.38	KO	Coca Cola	Pair Corr

Related Correlations Analysis

	BALY	ODP	GDEN	SMP	BJRI	LUXE	AEVA	HOV	CWH	AMWD
BALY		0.64	0.01	-0.23	0.22	0.35	-0.11	-0.58	-0.7	-0.57	BALY
ODP	0.64		-0.23	0.04	-0.22	-0.16	0.22	-0.85	-0.63	-0.16	ODP
GDEN	0.01	-0.23		-0.22	0.6	0.12	-0.67	0.21	-0.18	-0.62	GDEN
SMP	-0.23	0.04	-0.22		-0.55	-0.07	0.44	0.25	0.5	0.57	SMP
BJRI	0.22	-0.22	0.6	-0.55		0.27	-0.75	0.08	-0.3	-0.69	BJRI
LUXE	0.35	-0.16	0.12	-0.07	0.27		-0.3	0.2	-0.17	-0.26	LUXE
AEVA	-0.11	0.22	-0.67	0.44	-0.75	-0.3		-0.09	0.34	0.66	AEVA
HOV	-0.58	-0.85	0.21	0.25	0.08	0.2	-0.09		0.76	0.26	HOV
CWH	-0.7	-0.63	-0.18	0.5	-0.3	-0.17	0.34	0.76		0.63	CWH
AMWD	-0.57	-0.16	-0.62	0.57	-0.69	-0.26	0.66	0.26	0.63		AMWD
	BALY	ODP	GDEN	SMP	BJRI	LUXE	AEVA	HOV	CWH	AMWD

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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

CWH	+ 0.76	HOV
AMWD	+ 0.66	AEVA
ODP	+ 0.64	BALY
AMWD	+ 0.63	CWH
BJRI	+ 0.6	GDEN
AMWD	+ 0.57	SMP

High negative correlations

HOV	- 0.85	ODP
AEVA	- 0.75	BJRI
CWH	- 0.7	BALY
AMWD	- 0.69	BJRI
AEVA	- 0.67	GDEN
CWH	- 0.63	ODP

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
BALY	3.75	0.92	0.24	0.71	3.40	(4.64)	8.41	(6.86)	25.08
ODP	1.89	0.47	0.25	0.64	1.27	(2.36)	4.82	(3.23)	33.52
GDEN	1.94	0.41	0.17	(7.19)	1.73	(2.52)	2.62	(2.44)	34.77
SMP	1.32	(0.12)	0.00	(0.04)	0.00	0.00	2.19	(2.51)	8.67
BJRI	2.05	0.00	0.02	0.06	2.44	(2.17)	3.63	(4.46)	21.44
LUXE	2.67	0.07	0.04	0.10	2.99	(2.89)	5.98	(4.30)	15.92
AEVA	4.73	(0.50)	0.00	(0.07)	0.00	0.00	8.09	(10.73)	29.35
HOV	2.27	(0.51)	0.00	(0.14)	0.00	0.00	5.62	(4.68)	17.35
CWH	2.71	(0.76)	0.00	(0.29)	0.00	0.00	4.13	(6.42)	29.59
AMWD	1.87	(0.36)	0.00	(0.27)	0.00	0.00	4.94	(3.60)	21.92

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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