Rave Restaurant Correlations
| RAVE Stock | USD 1.97 0.11 5.29% |
The correlation of Rave Restaurant 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Rave Restaurant moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Rave Restaurant Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Significant diversification
The correlation between Rave Restaurant Group and NYA is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rave Restaurant Group and NYA in the same portfolio, assuming nothing else is changed.
Rave |
The ability to find closely correlated positions to Rave Restaurant could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Rave Restaurant 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 Rave Restaurant - 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 Rave Restaurant Group to buy it.
Moving together with Rave Stock
| 0.76 | XOM | Exxon Mobil Corp Sell-off Trend | PairCorr |
| 0.66 | CAT | Caterpillar Financial Report 6th of August 2024 | PairCorr |
Moving against Rave Stock
| 0.75 | MCD | McDonalds Financial Report 25th of July 2024 | PairCorr |
| 0.68 | JNJ | Johnson Johnson Aggressive Push | PairCorr |
| 0.64 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.57 | INTC | Intel Financial Report 25th of July 2024 | PairCorr |
| 0.52 | PTBRY | Bank Negara Indonesia | PairCorr |
| 0.5 | BKRKY | Bank Rakyat | PairCorr |
| 0.45 | HD | Home Depot Financial Report 21st of May 2024 | PairCorr |
| 0.43 | PFE | Pfizer Inc Aggressive Push | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Rave Stock performing well and Rave Restaurant 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 Rave Restaurant'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ARKR | 1.25 | (0.12) | 0.00 | (1.65) | 0.00 | 2.44 | 9.76 | |||
| STKS | 3.33 | 0.30 | 0.13 | 0.17 | 3.14 | 7.29 | 30.55 | |||
| BDL | 1.66 | 0.06 | 0.00 | 0.24 | 2.07 | 3.85 | 17.61 | |||
| FRGI | 0.35 | 0.14 | 0.19 | (7.56) | 0.00 | 0.60 | 7.09 | |||
| NROM | 5.67 | 1.04 | 0.10 | (3.45) | 5.99 | 13.89 | 38.89 | |||
| MRTPY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ALSSF | 1.37 | 0.06 | 0.01 | 0.16 | 1.78 | 6.38 | 13.59 | |||
| MARZF | 0.17 | 0.06 | 0.00 | (10.92) | 0.00 | 0.00 | 5.41 | |||
| DMPZF | 0.81 | (0.29) | 0.00 | (1.41) | 0.00 | 0.99 | 18.31 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Rave Restaurant 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.Did you try this?
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Rave Restaurant Corporate Directors
Rave Restaurant corporate directors refer to members of a Rave Restaurant board of directors. The board of directors generally takes responsibility for the Rave Restaurant's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Rave Restaurant's board members must vote for the resolution. The Rave Restaurant board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Brian Bares | Director | Profile | |
| Lisa Schlepp | Director Resources | Profile | |
| William Hammett | Independent Director | Profile | |
| Ramon Phillips | Independent Director | Profile |
Already Invested in Rave Restaurant Group?
The danger of trading Rave Restaurant Group is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Rave Restaurant is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Rave Restaurant. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Rave Restaurant Group is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Rave Restaurant Group is a strong investment it is important to analyze Rave Restaurant's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Rave Restaurant's future performance. For an informed investment choice regarding Rave Stock, refer to the following important reports: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rave Restaurant Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Complementary Tools for Rave Stock analysis
When running Rave Restaurant's price analysis, check to measure Rave Restaurant's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Rave Restaurant is operating at the current time. Most of Rave Restaurant's value examination focuses on studying past and present price action to predict the probability of Rave Restaurant's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rave Restaurant's price. Additionally, you may evaluate how the addition of Rave Restaurant to your portfolios can decrease your overall portfolio volatility.
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Is Rave Restaurant's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Rave Restaurant. If investors know Rave will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Rave Restaurant listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Rave Restaurant Group is measured differently than its book value, which is the value of Rave that is recorded on the company's balance sheet. Investors also form their own opinion of Rave Restaurant's value that differs from its market value or its book value, called intrinsic value, which is Rave Restaurant's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Rave Restaurant's market value can be influenced by many factors that don't directly affect Rave Restaurant's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Rave Restaurant's value and its price as these two are different measures arrived at by different means. Investors typically determine if Rave Restaurant is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Rave Restaurant's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.