Papa Johns Correlations

PP1 Stock

EUR 47.00 0.20 0.42%

The current 90-days correlation between Papa Johns International and TERADATA is -0.03 (i.e., Good diversification). The correlation of Papa Johns 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.

Papa Johns Correlation With Market

Good diversification

The correlation between Papa Johns International and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Papa Johns International and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Papa Johns could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Papa Johns when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Papa Johns - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Papa Johns International to buy it.

Moving against Papa Stock

0.54	DBPD	Xtrackers ShortDAX	Pair Corr
0.38	4OV	Iron Road Limited	Pair Corr

Related Correlations Analysis

	HYI	RE3	LGLG	ERT	3T4	PUP	ERT	ADP
HYI		0.51	-0.64	0.65	0.22	-0.24	0.64	0.51	HYI
RE3	0.51		-0.86	0.82	0.76	0.01	0.82	0.94	RE3
LGLG	-0.64	-0.86		-0.85	-0.57	0.06	-0.86	-0.86	LGLG
ERT	0.65	0.82	-0.85		0.41	0.1	0.99	0.89	ERT
3T4	0.22	0.76	-0.57	0.41		-0.07	0.41	0.66	3T4
PUP	-0.24	0.01	0.06	0.1	-0.07		0.09	0.15	PUP
ERT	0.64	0.82	-0.86	0.99	0.41	0.09		0.89	ERT
ADP	0.51	0.94	-0.86	0.89	0.66	0.15	0.89		ADP
	HYI	RE3	LGLG	ERT	3T4	PUP	ERT	ADP

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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

ERT	+ 0.99	ERT
ADP	+ 0.94	RE3
ADP	+ 0.89	ERT
ADP	+ 0.89	ERT
ERT	+ 0.82	RE3
ERT	+ 0.82	RE3

High negative correlations

ADP	- 0.86	LGLG
ERT	- 0.86	LGLG
LGLG	- 0.86	RE3
ERT	- 0.85	LGLG
LGLG	- 0.64	HYI
3T4	- 0.57	LGLG

Risk-Adjusted Indicators

There is a big difference between Papa Stock performing well and Papa Johns 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 Papa Johns' 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
HYI	0.79	0.10	0.00	(0.17)	0.00	0.00	2.00	(0.96)	18.52
RE3	1.56	0.31	0.10	1.07	1.86	(2.00)	4.88	(1.93)	15.88
LGLG	1.13	(0.12)	0.00	(30.04)	0.00	0.00	2.60	(2.58)	8.89
ERT	0.95	0.17	0.05	1.48	1.01	(1.10)	1.74	(1.56)	6.85
3T4	0.83	0.17	0.04	0.57	1.16	(1.28)	2.13	(1.43)	9.22
PUP	1.07	0.13	(0.01)	(1.12)	1.25	(1.10)	3.09	(2.18)	6.54
ERT	0.84	0.18	0.06	1.57	0.84	(0.90)	1.85	(1.46)	5.66
ADP	0.82	0.19	0.17	0.44	0.41	(0.97)	2.06	(0.99)	5.19

Be your own money manager

Our tools can tell you how much better you can do entering a position in Papa Johns without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Papa Johns Corporate Management

Elected by the shareholders, the Papa Johns' board of directors comprises two types of representatives: Papa Johns inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Papa. The board's role is to monitor Papa Johns' management team and ensure that shareholders' interests are well served. Papa Johns' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Papa Johns' outside directors are responsible for providing unbiased perspectives on the board's policies.

Robert Lynch	CEO Pres	Profile
Justin Falciola	Chief Officer	Profile
Madeline Chadwick	Sr Affairs	Profile
Anne Fischer	Chief Officer	Profile
Christopher Wetzel	Ex COO	Profile
Elias Reyna	Chief Officer	Profile
Edmond Heelan	VP Training	Profile

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