BJs Restaurants Correlations

BJRI Stock

USD 44.10 0.32 0.73%

The current 90-days correlation between BJs Restaurants and Dine Brands Global is -0.05 (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

Poor diversification

The correlation between BJs Restaurants and DJI is 0.61 (i.e., Poor 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 metropolitan statistical area.

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

0.66	HD	Home Depot	Pair Corr
0.84	AMKBY	AP Moeller Maersk	Pair Corr
0.91	BKNG	Booking Holdings	Pair Corr
0.63	LIDR	Aeye Inc	Pair Corr
0.75	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.92	JPM	JPMorgan Chase	Pair Corr
0.8	TRV	The Travelers Companies	Pair Corr
0.92	GE	GE Aerospace	Pair Corr
0.82	IBM	International Business	Pair Corr
0.91	BA	Boeing	Pair Corr
0.81	BAC	Bank of America	Pair Corr

Moving against BJs Stock

0.71	VLCN	Volcon Inc	Pair Corr
0.51	MRK	Merck Company Aggressive Push	Pair Corr
0.41	BRK-A	Berkshire Hathaway	Pair Corr

Related Correlations Analysis

	FRGI	DIN	EAT	RUTH	BLMN	CAKE	CHUY	DENN	FATBB	PBPB
FRGI		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	FRGI
DIN	0.0		0.26	0.0	0.4	0.33	0.0	0.7	0.54	0.7	DIN
EAT	0.0	0.26		0.0	0.05	0.65	0.0	0.03	-0.29	0.4	EAT
RUTH	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	RUTH
BLMN	0.0	0.4	0.05	0.0		0.3	0.0	0.46	0.43	0.23	BLMN
CAKE	0.0	0.33	0.65	0.0	0.3		0.0	0.41	-0.15	0.61	CAKE
CHUY	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	CHUY
DENN	0.0	0.7	0.03	0.0	0.46	0.41	0.0		0.69	0.73	DENN
FATBB	0.0	0.54	-0.29	0.0	0.43	-0.15	0.0	0.69		0.33	FATBB
PBPB	0.0	0.7	0.4	0.0	0.23	0.61	0.0	0.73	0.33		PBPB
	FRGI	DIN	EAT	RUTH	BLMN	CAKE	CHUY	DENN	FATBB	PBPB

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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

PBPB	+ 0.73	DENN
DENN	+ 0.7	DIN
PBPB	+ 0.7	DIN
FATBB	+ 0.69	DENN
CAKE	+ 0.65	EAT
PBPB	+ 0.61	CAKE

High negative correlations

FATBB	- 0.29	EAT
FATBB	- 0.15	CAKE
PBPB	- 0.0	CHUY
FATBB	- 0.0	CHUY
DENN	- 0.0	CHUY
CHUY	- 0.0	CAKE

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
FRGI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DIN	2.73	0.12	0.04	(0.34)	3.17	(2.94)	5.97	(5.55)	17.44
EAT	2.91	0.23	0.05	(0.93)	4.48	(2.76)	6.29	(7.13)	24.87
RUTH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BLMN	3.85	(0.02)	0.00	(0.02)	0.00	0.00	8.38	(7.81)	26.35
CAKE	2.12	0.27	0.09	0.23	2.88	(2.16)	4.79	(4.39)	14.52
CHUY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DENN	2.84	(0.14)	0.00	0.36	0.00	0.00	5.14	(6.19)	21.45
FATBB	3.48	(0.48)	0.00	(0.90)	0.00	0.00	7.41	(9.77)	33.71
PBPB	2.51	(0.02)	0.00	(0.03)	0.00	0.00	4.94	(5.55)	20.48

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
Robert Deliema	Pres Foundation	Profile

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