Reborn Coffee Correlations

REBN Stock

USD 1.25 0.01 0.79%

The current 90-days correlation between Reborn Coffee and Bagger Daves Burger is 0.19 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Reborn Coffee moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Reborn Coffee moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Reborn Coffee Correlation With Market

Modest diversification

The correlation between Reborn Coffee and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Reborn Coffee and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reborn Coffee. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

To learn how to invest in Reborn Stock, please use our How to Invest in Reborn Coffee guide.

Moving together with Reborn Stock

0.87	WING	Wingstop	Pair Corr
0.87	EJH	E Home Household	Pair Corr
0.63	GTIM	Good Times Restaurants	Pair Corr
0.79	LOCO	El Pollo Loco	Pair Corr
0.7	PTLO	Portillos	Pair Corr

Moving against Reborn Stock

0.97	EAT	Brinker International	Pair Corr
0.95	CHH	Choice Hotels Intern	Pair Corr
0.94	WH	Wyndham Hotels Resorts	Pair Corr
0.93	BYD	Boyd Gaming	Pair Corr
0.93	MAR	Marriott International	Pair Corr
0.92	HLT	Hilton Worldwide Holdings	Pair Corr
0.91	IHG	InterContinental Hotels	Pair Corr
0.81	FWRG	First Watch Restaurant	Pair Corr
0.81	KRUS	Kura Sushi USA	Pair Corr
0.81	LIND	Lindblad Expeditions	Pair Corr
0.8	BH	Biglari Holdings	Pair Corr
0.78	DPZ	Dominos Pizza	Pair Corr
0.71	XPOF	Xponential Fitness	Pair Corr
0.64	CMG	Chipotle Mexican Grill	Pair Corr
0.62	DIN	Dine Brands Global	Pair Corr
0.6	SG	Sweetgreen	Pair Corr
0.56	H	Hyatt Hotels	Pair Corr
0.34	YUM	Yum Brands	Pair Corr
0.94	CAKE	The Cheesecake Factory	Pair Corr
0.93	TXRH	Texas Roadhouse	Pair Corr
0.9	SHAK	Shake Shack	Pair Corr
0.87	RAVE	Rave Restaurant Group	Pair Corr
0.79	BJRI	BJs Restaurants	Pair Corr
0.79	CAVA	CAVA Group,	Pair Corr
0.78	PLNT	Planet Fitness	Pair Corr
0.77	RICK	RCI Hospitality Holdings	Pair Corr
0.76	NATH	Nathans Famous	Pair Corr
0.76	CBRL	Cracker Barrel Old	Pair Corr
0.54	PLAY	Dave Busters Enterta Buyout Trend	Pair Corr
0.49	ATAT	Atour Lifestyle Holdings	Pair Corr
0.4	F	Ford Motor	Pair Corr
0.31	CHSN	Chanson International	Pair Corr

Related Correlations Analysis

	CHSN	THCH	BDL	KRUS	ALSSF	MARZF	DMPZF	BDVB	JKHCF	MRTPY
CHSN		0.15	0.03	0.38	-0.04	-0.2	0.71	0.53	-0.18	0.0	CHSN
THCH	0.15		-0.32	0.36	-0.33	-0.23	-0.2	0.05	-0.25	0.0	THCH
BDL	0.03	-0.32		-0.55	0.75	0.39	0.0	0.26	-0.49	0.0	BDL
KRUS	0.38	0.36	-0.55		-0.83	-0.52	0.22	-0.08	0.45	0.0	KRUS
ALSSF	-0.04	-0.33	0.75	-0.83		0.51	0.05	0.34	-0.57	0.0	ALSSF
MARZF	-0.2	-0.23	0.39	-0.52	0.51		0.08	0.32	-0.32	0.0	MARZF
DMPZF	0.71	-0.2	0.0	0.22	0.05	0.08		0.53	0.02	0.0	DMPZF
BDVB	0.53	0.05	0.26	-0.08	0.34	0.32	0.53		-0.46	0.0	BDVB
JKHCF	-0.18	-0.25	-0.49	0.45	-0.57	-0.32	0.02	-0.46		0.0	JKHCF
MRTPY	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		MRTPY
	CHSN	THCH	BDL	KRUS	ALSSF	MARZF	DMPZF	BDVB	JKHCF	MRTPY

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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

ALSSF	+ 0.75	BDL
DMPZF	+ 0.71	CHSN
BDVB	+ 0.53	CHSN
BDVB	+ 0.53	DMPZF
MARZF	+ 0.51	ALSSF
JKHCF	+ 0.45	KRUS

High negative correlations

ALSSF	- 0.83	KRUS
JKHCF	- 0.57	ALSSF
KRUS	- 0.55	BDL
MARZF	- 0.52	KRUS
JKHCF	- 0.49	BDL
JKHCF	- 0.46	BDVB

Risk-Adjusted Indicators

There is a big difference between Reborn Stock performing well and Reborn Coffee 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 Reborn Coffee'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
CHSN	15.12	5.32	0.53	0.74	8.20	(23.50)	21.40	(17.35)	423.33
THCH	3.70	0.13	0.03	0.23	3.91	(5.12)	8.47	(6.67)	32.58
BDL	1.07	(0.05)	0.00	(12.03)	0.00	0.00	2.37	(2.37)	14.59
KRUS	2.72	0.35	0.15	0.25	2.88	(3.05)	7.19	(4.62)	17.54
ALSSF	1.73	(0.15)	0.00	0.33	0.00	0.00	3.81	(5.17)	18.57
MARZF	0.31	(0.16)	0.00	1.06	0.00	0.00	0.00	0.00	8.93
DMPZF	0.07	(0.01)	0.00	(0.04)	0.00	0.00	0.00	0.00	4.34
BDVB	2.70	(0.09)	(0.01)	0.03	3.94	(9.94)	13.22	(11.67)	25.93
JKHCF	4.33	0.72	0.05	0.41	5.50	(18.72)	3.95	(11.39)	123.59
MRTPY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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