First Watch Correlations

Market Correlation Signal - First Watch

First Watch has a market cap of 744.66 M, operating margin of 3.17%, ROE of 3.18%. Investing Opportunities adds portfolio-level perspective. This captures an allocation to First Watch Restaurant. The allocation framework shapes how individual positions are weighted. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

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 XPEL + 0.92 BJRI SG + 0.86 CNNE BJRI + 0.85 BH FOXF + 0.85 BH FOXF + 0.85 LGIH XPEL + 0.82 CNNE

High negative correlations SG - 0.22 HDL CBRL - 0.13 CNNE CBRL - 0.07 SG LGIH - 0.02 SG

Risk-Adjusted Indicators

Surface-level performance for First Stock can mask how the business actually stacks up against its competitive set. Without reviewing risk-adjusted indicators, investors may overweight recent returns and underweight the volatility required to achieve them. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.