Bowlero Corp Correlations

BOWL Stock

USD 12.31 0.16 1.28%

The current 90-days correlation between Bowlero Corp and Acushnet Holdings Corp is 0.15 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bowlero Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bowlero Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Bowlero Corp Correlation With Market

Weak diversification

The correlation between Bowlero Corp and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bowlero Corp 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 Bowlero Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

For more information on how to buy Bowlero Stock please use our How to buy in Bowlero Stock guide.

Related Correlations Analysis

	GOLF	YETI	MSGE	SEAS	LTH	FXLV	PLNT	JAKK	MODG	JOUT
GOLF		0.31	-0.73	-0.5	0.08	-0.43	0.86	0.33	-0.58	-0.01	GOLF
YETI	0.31		0.04	0.02	0.51	0.47	0.17	-0.16	0.18	0.4	YETI
MSGE	-0.73	0.04		0.53	0.15	0.54	-0.84	-0.28	0.86	0.29	MSGE
SEAS	-0.5	0.02	0.53		0.48	0.15	-0.33	0.02	0.41	0.03	SEAS
LTH	0.08	0.51	0.15	0.48		0.34	0.09	-0.22	0.24	0.27	LTH
FXLV	-0.43	0.47	0.54	0.15	0.34		-0.6	-0.79	0.66	0.57	FXLV
PLNT	0.86	0.17	-0.84	-0.33	0.09	-0.6		0.48	-0.8	-0.27	PLNT
JAKK	0.33	-0.16	-0.28	0.02	-0.22	-0.79	0.48		-0.45	-0.55	JAKK
MODG	-0.58	0.18	0.86	0.41	0.24	0.66	-0.8	-0.45		0.6	MODG
JOUT	-0.01	0.4	0.29	0.03	0.27	0.57	-0.27	-0.55	0.6		JOUT
	GOLF	YETI	MSGE	SEAS	LTH	FXLV	PLNT	JAKK	MODG	JOUT

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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

PLNT	+ 0.86	GOLF
MODG	+ 0.86	MSGE
MODG	+ 0.66	FXLV
JOUT	+ 0.6	MODG
JOUT	+ 0.57	FXLV
FXLV	+ 0.54	MSGE

High negative correlations

PLNT	- 0.84	MSGE
MODG	- 0.8	PLNT
JAKK	- 0.79	FXLV
MSGE	- 0.73	GOLF
PLNT	- 0.6	FXLV
MODG	- 0.58	GOLF

Risk-Adjusted Indicators

There is a big difference between Bowlero Stock performing well and Bowlero Corp 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 Bowlero Corp'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
GOLF	1.27	0.08	0.03	0.25	1.37	(1.56)	2.70	(2.74)	14.90
YETI	1.68	(0.05)	(0.05)	0.02	1.88	(1.87)	3.85	(3.01)	12.33
MSGE	1.28	(0.33)	0.00	(0.16)	0.00	0.00	2.49	(2.56)	13.38
SEAS	1.85	(0.02)	(0.04)	0.05	2.18	(1.94)	3.85	(3.45)	10.32
LTH	1.52	(0.13)	0.00	(0.01)	0.00	0.00	3.13	(2.43)	13.13
FXLV	3.80	(0.77)	0.00	(7.98)	0.00	0.00	8.43	(7.61)	27.11
PLNT	1.31	0.25	0.15	0.44	1.15	(1.51)	3.44	(2.60)	12.22
JAKK	1.93	0.27	0.06	(13.40)	2.12	(1.98)	3.97	(3.44)	20.03
MODG	2.45	(0.47)	0.00	(0.37)	0.00	0.00	4.26	(5.01)	16.58
JOUT	1.38	(0.22)	0.00	(0.08)	0.00	0.00	2.76	(2.32)	8.36

Bowlero Corp Corporate Management

Anthony Ponsiglione	VP HR	Profile
Merrell Wreden	VP Centers	Profile
Jeffrey Gliner	Chief Officer	Profile
Zac Sulma	Chief Officer	Profile
Brett Parker	President, ViceChairman	Profile

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