BJs Restaurants Correlations

BJRI Stock

USD 43.81 0.22 0.50%

The current 90-days correlation between BJs Restaurants and Sweetgreen is -0.17 (i.e., Good diversification). The correlation of BJs 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.

BJs Restaurants Correlation With Market

Almost no diversification

The correlation between BJs Restaurants and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BJs Restaurants and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with BJs Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BJs Restaurants. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

For more detail on how to invest in BJs Stock please use our How to Invest in BJs Restaurants guide.

Moving together with BJs Stock

0.86	SGR	The Star Entertainment	Pair Corr
0.75	WING	Wingstop	Pair Corr
0.96	CMG	Chipotle Mexican Grill Earnings Call Today	Pair Corr
0.94	DRI	Darden Restaurants	Pair Corr
0.78	YUM	Yum Brands	Pair Corr
0.77	CEH	Coast Entertainment	Pair Corr
0.87	JACK	Jack In Downward Rally	Pair Corr
0.81	SKC	Skycity Entertainment	Pair Corr
0.87	BET	Betmakers Technology	Pair Corr
0.61	RAVE	Rave Restaurant Group	Pair Corr
0.82	MTY	MTY Food Group Earnings Call This Week	Pair Corr
0.78	SBUX	Starbucks Aggressive Push	Pair Corr

Moving against BJs Stock

0.84	FATBB	FAT Brands	Pair Corr
0.71	PZZA	Papa Johns International	Pair Corr
0.7	ARKR	Ark Restaurants Corp	Pair Corr
0.62	ALL	Aristocrat Leisure	Pair Corr
0.34	VVA	Viva Leisure Earnings Call Tomorrow	Pair Corr
0.85	GLABF	Gemina Laboratories	Pair Corr
0.73	ZTLLF	Zonetail	Pair Corr
0.66	MSFT	Microsoft	Pair Corr
0.33	NVNIW	Nvni Group Limited	Pair Corr

Related Correlations Analysis

	SG	CBRL	LQDT	BLMN	AXL	KRUS	MYE	ACEL	HDL	BALY
SG		0.13	0.59	0.62	0.15	0.42	0.35	0.58	-0.4	-0.1	SG
CBRL	0.13		0.05	0.5	0.64	0.73	0.44	0.16	-0.27	-0.3	CBRL
LQDT	0.59	0.05		0.29	0.5	0.59	0.77	0.77	-0.46	-0.55	LQDT
BLMN	0.62	0.5	0.29		0.18	0.41	0.25	0.27	-0.11	-0.06	BLMN
AXL	0.15	0.64	0.5	0.18		0.89	0.83	0.51	-0.54	-0.56	AXL
KRUS	0.42	0.73	0.59	0.41	0.89		0.87	0.67	-0.69	-0.56	KRUS
MYE	0.35	0.44	0.77	0.25	0.83	0.87		0.79	-0.64	-0.65	MYE
ACEL	0.58	0.16	0.77	0.27	0.51	0.67	0.79		-0.76	-0.37	ACEL
HDL	-0.4	-0.27	-0.46	-0.11	-0.54	-0.69	-0.64	-0.76		0.42	HDL
BALY	-0.1	-0.3	-0.55	-0.06	-0.56	-0.56	-0.65	-0.37	0.42		BALY
	SG	CBRL	LQDT	BLMN	AXL	KRUS	MYE	ACEL	HDL	BALY

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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

KRUS	+ 0.89	AXL
MYE	+ 0.87	KRUS
MYE	+ 0.83	AXL
ACEL	+ 0.79	MYE
MYE	+ 0.77	LQDT
ACEL	+ 0.77	LQDT

High negative correlations

HDL	- 0.76	ACEL
HDL	- 0.69	KRUS
BALY	- 0.65	MYE
HDL	- 0.64	MYE
BALY	- 0.56	KRUS
BALY	- 0.56	AXL

Risk-Adjusted Indicators

There is a big difference between BJs Stock performing well and BJs 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 BJs 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SG	3.21	0.08	(0.02)	0.00	4.13	(3.54)	5.99	(6.98)	23.70
CBRL	3.05	(0.02)	0.01	0.08	3.37	(3.39)	7.62	(5.32)	13.71
LQDT	1.70	0.52	0.24	0.87	1.42	(1.99)	4.70	(3.49)	16.86
BLMN	3.17	(0.01)	0.01	0.09	4.41	(3.33)	6.80	(7.22)	22.59
AXL	2.40	0.55	0.18	4.09	2.14	(2.71)	8.55	(4.01)	13.56
KRUS	3.15	0.35	0.12	0.28	3.34	(3.54)	6.49	(5.42)	19.62
MYE	1.13	0.32	0.17	63.97	0.92	(1.28)	2.88	(1.75)	6.40
ACEL	1.22	0.10	0.07	0.19	1.29	(1.41)	2.73	(2.10)	7.30
HDL	1.63	0.02	(0.03)	0.68	2.09	(1.95)	3.59	(4.48)	9.69
BALY	2.86	(0.20)	0.00	4.64	0.00	0.00	5.47	(5.51)	16.79

BJs Restaurants Corporate Management

Kendra Miller	Sr. VP, General Counsel and Assistant Secretary	Profile
Heidi Rogers	Senior Marketing	Profile
Brian Krakower	Executive Officer	Profile
Scott Rodriguez	VP Culinary	Profile
Christopher Pinsak	Senior Operations	Profile
Thomas Kowalski	Senior Officer	Profile
Robert Deliema	Pres Foundation	Profile

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