Red Robin Correlations

RRGB Stock

USD 5.93 0.41 7.43%

The current 90-days correlation between Red Robin Gourmet and Dine Brands Global is 0.26 (i.e., Modest diversification). The correlation of Red Robin 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.

Red Robin Correlation With Market

Average diversification

The correlation between Red Robin Gourmet and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Red Robin Gourmet 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 Red Robin Gourmet. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Red Stock

0.75	EVRI	Everi Holdings	Pair Corr
0.88	AGS	PlayAGS	Pair Corr
0.64	CMG	Chipotle Mexican Grill Aggressive Push	Pair Corr
0.87	WEN	The Wendys	Pair Corr
0.73	YUMC	Yum China Holdings Sell-off Trend	Pair Corr
0.75	PLAY	Dave Busters Enterta	Pair Corr
0.63	SHAK	Shake Shack	Pair Corr
0.63	CAKE	The Cheesecake Factory	Pair Corr
0.68	HD	Home Depot	Pair Corr
0.74	JD	JD Inc Adr Aggressive Push	Pair Corr
0.65	LI	Li Auto	Pair Corr

Moving against Red Stock

0.67	LNW	Light Wonder	Pair Corr
0.56	IGT	International Game	Pair Corr
0.5	WING	Wingstop	Pair Corr
0.57	TM	Toyota Motor	Pair Corr
0.56	ECDA	ECD Automotive Design Symbol Change	Pair Corr
0.54	HVT	Haverty Furniture	Pair Corr
0.53	BBY	Best Buy	Pair Corr
0.34	FND	Floor Decor Holdings	Pair Corr

Related Correlations Analysis

	DIN	BLMN	BJRI	RUTH	CAKE	CHUY	EAT	FRGI	TXRH	PZZA
DIN		-0.54	0.67	0.49	0.8	0.26	0.73	0.11	0.78	0.22	DIN
BLMN	-0.54		-0.44	-0.58	-0.69	-0.33	-0.8	-0.1	-0.67	0.31	BLMN
BJRI	0.67	-0.44		0.72	0.83	0.53	0.8	0.48	0.9	0.38	BJRI
RUTH	0.49	-0.58	0.72		0.84	0.25	0.86	0.69	0.82	0.19	RUTH
CAKE	0.8	-0.69	0.83	0.84		0.36	0.96	0.43	0.97	0.23	CAKE
CHUY	0.26	-0.33	0.53	0.25	0.36		0.39	0.01	0.45	0.4	CHUY
EAT	0.73	-0.8	0.8	0.86	0.96	0.39		0.43	0.95	0.12	EAT
FRGI	0.11	-0.1	0.48	0.69	0.43	0.01	0.43		0.43	0.19	FRGI
TXRH	0.78	-0.67	0.9	0.82	0.97	0.45	0.95	0.43		0.25	TXRH
PZZA	0.22	0.31	0.38	0.19	0.23	0.4	0.12	0.19	0.25		PZZA
	DIN	BLMN	BJRI	RUTH	CAKE	CHUY	EAT	FRGI	TXRH	PZZA

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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

TXRH	+ 0.97	CAKE
EAT	+ 0.96	CAKE
TXRH	+ 0.95	EAT
TXRH	+ 0.9	BJRI
EAT	+ 0.86	RUTH
CAKE	+ 0.84	RUTH

High negative correlations

EAT	- 0.8	BLMN
CAKE	- 0.69	BLMN
TXRH	- 0.67	BLMN
RUTH	- 0.58	BLMN
BLMN	- 0.54	DIN
BJRI	- 0.44	BLMN

Risk-Adjusted Indicators

There is a big difference between Red Stock performing well and Red Robin 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 Red Robin'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
DIN	2.63	(0.02)	0.04	0.09	2.85	(2.85)	4.71	(4.50)	19.97
BLMN	2.42	(0.57)	0.00	(0.20)	0.00	0.00	4.72	(4.83)	17.75
BJRI	2.05	0.12	0.07	0.17	2.30	(2.27)	4.59	(2.77)	13.19
RUTH	1.40	0.51	0.19	(0.58)	0.94	(1.83)	1.75	(2.63)	34.37
CAKE	1.78	0.27	0.15	0.33	1.68	(2.11)	4.75	(3.10)	13.08
CHUY	1.59	0.89	3.30	(1.45)	0.00	(1.83)	0.67	(0.27)	48.46
EAT	1.88	0.79	0.48	0.73	1.22	(2.46)	5.04	(1.82)	11.91
FRGI	2.26	(0.01)	(0.04)	0.79	2.75	(2.41)	4.69	(3.69)	12.75
TXRH	1.34	0.13	0.10	0.24	1.17	(1.58)	3.58	(1.88)	9.19
PZZA	1.98	(0.03)	(0.01)	0.08	2.43	(2.01)	4.11	(4.50)	10.07

Red Robin Corporate Management

Jason Rusk	Chief Officer	Profile
Kevin Mayer	Executive Officer	Profile
Jesse Griffith	Senior Operations	Profile
Meghan Spuler	Chief Officer	Profile
Wayne Davis	VP Officer	Profile
Jyoti Lynch	Chief Officer	Profile

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