Biglari Holdings Correlations

BH Stock

USD 210.43 4.57 2.13%

The current 90-days correlation between Biglari Holdings and Cannae Holdings is 0.08 (i.e., Significant diversification). The correlation of Biglari Holdings 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.

Biglari Holdings Correlation With Market

Average diversification

The correlation between Biglari Holdings and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Biglari Holdings and DJI in the same portfolio, assuming nothing else is changed.

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

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

Moving together with Biglari Stock

0.64	EVRI	Everi Holdings	Pair Corr
0.77	EXPE	Expedia Group	Pair Corr
0.71	DPZ	Dominos Pizza	Pair Corr
0.72	RSI	Rush Street Interactive	Pair Corr
0.91	GAMB	Gambling Group	Pair Corr
0.83	LIND	Lindblad Expeditions	Pair Corr
0.76	PLYA	Playa Hotels Resorts	Pair Corr
0.71	SBUX	Starbucks Aggressive Push	Pair Corr
0.88	SGHC	SGHC Limited	Pair Corr
0.64	SHAK	Shake Shack	Pair Corr
0.89	BROS	Dutch Bros	Pair Corr
0.74	CAKE	The Cheesecake Factory	Pair Corr
0.76	GM	General Motors	Pair Corr

Moving against Biglari Stock

0.72	PTLO	Portillos	Pair Corr
0.68	IGT	International Game	Pair Corr
0.51	WING	Wingstop	Pair Corr
0.31	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.84	HMC	Honda Motor	Pair Corr
0.64	BBY	Best Buy	Pair Corr
0.53	EWCZ	European Wax Center	Pair Corr
0.5	HVT	Haverty Furniture	Pair Corr
0.48	CDRO	Codere Online Corp	Pair Corr
0.34	VEEE	Twin Vee Powercats	Pair Corr

Related Correlations Analysis

	CNNE	BJRI	FRGI	RUTH	ARKR	NROM	NATH	EAT	BLMN	CHUY
CNNE		0.56	0.25	0.71	-0.72	-0.1	0.59	0.82	-0.57	0.07	CNNE
BJRI	0.56		0.53	0.78	-0.64	0.0	0.84	0.8	-0.43	0.42	BJRI
FRGI	0.25	0.53		0.69	-0.2	-0.21	0.39	0.42	-0.14	0.01	FRGI
RUTH	0.71	0.78	0.69		-0.71	-0.18	0.74	0.85	-0.52	0.25	RUTH
ARKR	-0.72	-0.64	-0.2	-0.71		0.03	-0.68	-0.9	0.76	-0.58	ARKR
NROM	-0.1	0.0	-0.21	-0.18	0.03		0.05	-0.01	-0.16	0.07	NROM
NATH	0.59	0.84	0.39	0.74	-0.68	0.05		0.8	-0.51	0.48	NATH
EAT	0.82	0.8	0.42	0.85	-0.9	-0.01	0.8		-0.79	0.38	EAT
BLMN	-0.57	-0.43	-0.14	-0.52	0.76	-0.16	-0.51	-0.79		-0.37	BLMN
CHUY	0.07	0.42	0.01	0.25	-0.58	0.07	0.48	0.38	-0.37		CHUY
	CNNE	BJRI	FRGI	RUTH	ARKR	NROM	NATH	EAT	BLMN	CHUY

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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

EAT	+ 0.85	RUTH
NATH	+ 0.84	BJRI
EAT	+ 0.82	CNNE
EAT	+ 0.8	BJRI
EAT	+ 0.8	NATH
RUTH	+ 0.78	BJRI

High negative correlations

EAT	- 0.9	ARKR
BLMN	- 0.79	EAT
ARKR	- 0.72	CNNE
ARKR	- 0.71	RUTH
NATH	- 0.68	ARKR
ARKR	- 0.64	BJRI

Risk-Adjusted Indicators

There is a big difference between Biglari Stock performing well and Biglari Holdings 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 Biglari Holdings' 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
CNNE	1.26	0.03	0.03	0.15	1.32	(1.39)	3.13	(2.81)	6.85
BJRI	2.04	0.11	0.07	0.20	2.26	(2.27)	4.59	(2.64)	13.19
FRGI	2.26	0.01	(0.05)	0.06	2.75	(2.41)	4.69	(3.69)	12.75
RUTH	1.40	0.39	0.18	1.38	0.94	(1.83)	1.75	(2.63)	34.37
ARKR	1.64	(0.49)	0.00	(1.05)	0.00	0.00	3.04	(4.37)	10.26
NROM	5.43	0.29	0.02	0.44	7.48	(10.96)	18.75	(17.95)	68.65
NATH	1.53	0.08	0.05	0.20	1.67	(1.67)	3.10	(2.60)	8.79
EAT	1.83	0.83	0.50	0.81	1.16	(2.40)	5.04	(1.82)	11.91
BLMN	2.36	(0.49)	0.00	(0.14)	0.00	0.00	4.72	(4.83)	17.75
CHUY	1.59	1.02	3.19	(0.56)	0.00	(1.83)	0.67	(0.27)	48.46

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