RCI Hospitality Correlations

RICK Stock  USD 58.00  1.22  2.15%   
The correlation of RCI Hospitality 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 RCI Hospitality moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RCI Hospitality Holdings 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.

Poor diversification

The correlation between RCI Hospitality Holdings and NYA is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RCI Hospitality Holdings and NYA 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 RCI Hospitality Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
  
The ability to find closely correlated positions to RCI Hospitality could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RCI Hospitality 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 RCI Hospitality - 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 RCI Hospitality Holdings to buy it.

Moving together with RCI Stock

  0.66DNUT Krispy Kreme Financial Report 9th of May 2024 PairCorr
  0.77WEN The Wendys Financial Report 8th of May 2024 PairCorr
  0.87PLNT Planet Fitness Financial Report 2nd of May 2024 PairCorr
  0.76RAVE Rave Restaurant GroupPairCorr

Moving against RCI Stock

  0.89WING Wingstop Financial Report 1st of May 2024 PairCorr
  0.88CMG Chipotle Mexican Grill Financial Report 23rd of April 2024 PairCorr
  0.86FWRG First Watch Restaurant Financial Report 7th of May 2024 PairCorr
  0.83PLAY Dave Busters Enterta Earnings Call This WeekPairCorr
  0.78CDROW Codere Online LuxembourgPairCorr
  0.75PLYA Playa Hotels Resorts Financial Report 2nd of May 2024 PairCorr
  0.74FUN Cedar Fair LP Financial Report 2nd of May 2024 PairCorr
  0.61SLNAW Selina Hospitality PLCPairCorr
  0.6NGMS NeogamesSA Financial Report 8th of May 2024 PairCorr
  0.55BH Biglari HoldingsPairCorr

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   
QTWOAGTI
WMQTWO
WMAGTI
WMSTEP
STEPQTWO
STEPGGN-PB
  
High negative correlations   
FDSFDUS
STEPGETY
GGN-PBGETY
WMGETY
FDUSSTEP
FDSWM

Risk-Adjusted Indicators

There is a big difference between RCI Stock performing well and RCI Hospitality 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 RCI Hospitality'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in RCI Hospitality 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?

Run USA ETFs Now

   

USA ETFs

Find actively traded Exchange Traded Funds (ETF) in USA
All  Next Launch Module

RCI Hospitality Corporate Directors

RCI Hospitality corporate directors refer to members of a RCI Hospitality board of directors. The board of directors generally takes responsibility for the RCI Hospitality'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 RCI Hospitality's board members must vote for the resolution. The RCI Hospitality board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Robert WattersFounder, Director, Member of Audit Committee, Member of Nominating Committee and Member of Compensation CommitteeProfile
Steven JenkinsIndependent DirectorProfile
NourDean AnakarIndependent DirectorProfile
Travis ReeseExecutive VP, Director of Technology and DirectorProfile

Already Invested in RCI Hospitality Holdings?

The danger of trading RCI Hospitality Holdings 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 RCI Hospitality 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 RCI Hospitality. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile RCI Hospitality Holdings 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 RCI Hospitality Holdings is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if RCI Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Rci Hospitality Holdings Stock. Highlighted below are key reports to facilitate an investment decision about Rci Hospitality Holdings Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RCI Hospitality Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
Note that the RCI Hospitality Holdings information on this page should be used as a complementary analysis to other RCI Hospitality's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

Complementary Tools for RCI Stock analysis

When running RCI Hospitality's price analysis, check to measure RCI Hospitality'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 RCI Hospitality is operating at the current time. Most of RCI Hospitality's value examination focuses on studying past and present price action to predict the probability of RCI Hospitality's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move RCI Hospitality's price. Additionally, you may evaluate how the addition of RCI Hospitality to your portfolios can decrease your overall portfolio volatility.
Funds Screener
Find actively-traded funds from around the world traded on over 30 global exchanges
Top Crypto Exchanges
Search and analyze digital assets across top global cryptocurrency exchanges
Equity Valuation
Check real value of public entities based on technical and fundamental data
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
USA ETFs
Find actively traded Exchange Traded Funds (ETF) in USA
Latest Portfolios
Quick portfolio dashboard that showcases your latest portfolios
Bonds Directory
Find actively traded corporate debentures issued by US companies
Money Managers
Screen money managers from public funds and ETFs managed around the world
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
AI Investment Finder
Use AI to screen and filter profitable investment opportunities
Is RCI Hospitality'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 RCI Hospitality. If investors know RCI 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 RCI Hospitality listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.31)
Dividend Share
0.24
Earnings Share
2.79
Revenue Per Share
31.774
Quarterly Revenue Growth
0.056
The market value of RCI Hospitality Holdings is measured differently than its book value, which is the value of RCI that is recorded on the company's balance sheet. Investors also form their own opinion of RCI Hospitality's value that differs from its market value or its book value, called intrinsic value, which is RCI Hospitality'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 RCI Hospitality's market value can be influenced by many factors that don't directly affect RCI Hospitality'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 RCI Hospitality's value and its price as these two are different measures arrived at by different means. Investors typically determine if RCI Hospitality is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, RCI Hospitality'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.