Accel Entertainment Correlations

ACEL Stock

USD 12.12 0.09 0.75%

The current 90-days correlation between Accel Entertainment and JBG SMITH Properties is 0.44 (i.e., Very weak 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 0.53 (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 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

0.7	BH	Biglari Holdings	Pair Corr
0.7	NATH	Nathans Famous	Pair Corr
0.66	W	Wayfair	Pair Corr
0.81	AN	AutoNation	Pair Corr
0.68	RL	Ralph Lauren Corp	Pair Corr
0.73	WEYS	Weyco Group	Pair Corr

Moving against Accel Stock

0.76	NDLS	Noodles Company	Pair Corr
0.72	SG	Sweetgreen	Pair Corr
0.67	DNUT	Krispy Kreme	Pair Corr
0.57	BTBDW	BT Brands Warrant	Pair Corr
0.48	JD	JD Inc Adr	Pair Corr
0.43	FLWS	1 800 FLOWERSCOM	Pair Corr
0.39	DIT	AMCON Distributing	Pair Corr

Related Correlations Analysis

	NRG	ENLT	JBGS	ONL	WES	PDM	ADUS
NRG		0.82	0.84	0.58	0.57	0.6	0.92	NRG
ENLT	0.82		0.74	0.8	0.47	0.67	0.78	ENLT
JBGS	0.84	0.74		0.57	0.56	0.83	0.85	JBGS
ONL	0.58	0.8	0.57		0.48	0.69	0.59	ONL
WES	0.57	0.47	0.56	0.48		0.59	0.41	WES
PDM	0.6	0.67	0.83	0.69	0.59		0.59	PDM
ADUS	0.92	0.78	0.85	0.59	0.41	0.59		ADUS
	NRG	ENLT	JBGS	ONL	WES	PDM	ADUS

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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
NRG	2.47	0.66	0.22	0.45	2.74	(2.86)	5.36	(4.62)	30.32
ENLT	2.17	0.64	0.24	1.14	2.01	(2.53)	5.39	(3.61)	11.27
JBGS	1.75	0.04	0.01	0.16	1.94	(1.93)	4.39	(3.03)	9.22
ONL	3.70	0.17	0.04	0.23	4.87	(3.79)	6.86	(8.41)	28.80
WES	1.47	(0.11)	0.00	(0.04)	0.00	0.00	3.02	(3.23)	9.35
PDM	2.19	(0.03)	0.00	0.08	4.25	(1.95)	5.43	(5.85)	22.47
ADUS	1.34	0.15	0.05	0.48	1.62	(1.35)	3.09	(2.87)	9.36

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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