Biglari Holdings Correlations

BH
 Stock
  

USD 124.13  1.43  1.17%   

The correlation of Biglari Holdings is a statistical measure of how it moves in relation to other equities. 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 Biglari Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Biglari 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.
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The ability to find closely correlated positions to Biglari Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Biglari Holdings 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 Biglari Holdings - 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 Biglari Holdings to buy it.

Moving together with Biglari Holdings

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0.86CBRLCracker Barrel Fiscal Year End 20th of September 2022 PairCorr
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Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
DISMSFT
DISTRV
TRVMSFT
DISWMT
HDTRV
HDDIS
  
High negative correlations   
WMTXOM
DISIBM
WMTIBM
TRVIBM
DISXOM
XOMMSFT

Biglari Holdings Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Biglari Holdings stock performing well and Biglari Holdings company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Biglari Holdings' multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
YUM 1.35  0.13  0.00 (0.06)  0.00  0.08  0.00  2.24 (2.68)  7.56 
MSFT 1.92  0.00  0.00 (0.19)  0.00 (0.0357)  0.00  2.97 (4.24)  9.36 
IBM 1.21  0.27  0.20  0.16  1.41  0.19 (1.27)  2.47 (2.47)  11.05 
XOM 1.96  0.31  0.10  0.14  2.96  0.13 (1.71)  3.03 (3.96)  11.86 
TRV 1.15  0.01  0.00 (0.18)  0.00  0.06  0.00  2.01 (2.17)  6.41 
WMT 1.36 (0.15)  0.00 (0.47)  0.00 (0.0313)  0.00  2.43 (2.47)  13.98 
DIS 1.70 (0.36)  0.00 (0.51)  0.00 (0.18)  0.00  3.29 (3.78)  8.79 
HD 1.73  0.05  0.00 (0.15)  0.00  0.0082  0.00  2.92 (3.64)  8.63 
KO 1.05  0.21  0.14  0.09  1.75  0.17 (1.01)  2.14 (2.01)  10.05 

Similar Equity Warning - BH

Biglari Holdings was forked

The entity Biglari Holdings with a symbol BH was recently forked. You can potentially use BRISTOL HOTELS RESORTS with a symbol BH1 from now on.

Biglari Holdings Corporate Directors

Biglari Holdings corporate directors refer to members of a Biglari Holdings board of directors. The board of directors generally takes responsibility for the Biglari Holdings' 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 Biglari Holdings' board members must vote for the resolution. The Biglari Holdings board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Ruth Person - Independent DirectorProfile
James Mastrian - Independent DirectorProfile
Kenneth Cooper - Independent DirectorProfile
William Johnson - Independent DirectorProfile

Investing Biglari Holdings

You need to understand the risk of investing before taking a position in Biglari Holdings. The danger of trading Biglari 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 Biglari Holdings 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 Biglari Holdings. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Biglari 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.
Continue to Trending Equities. Note that the Biglari Holdings information on this page should be used as a complementary analysis to other Biglari Holdings' 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 Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

Complementary Tools for Biglari Stock analysis

When running Biglari Holdings price analysis, check to measure Biglari Holdings' 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 Biglari Holdings is operating at the current time. Most of Biglari Holdings' value examination focuses on studying past and present price action to predict the probability of Biglari Holdings' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Biglari Holdings' price. Additionally, you may evaluate how the addition of Biglari Holdings to your portfolios can decrease your overall portfolio volatility.
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Is Biglari Holdings' 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 Biglari Holdings. If investors know Biglari 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 Biglari Holdings 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 YOY
1.73
Market Capitalization
379.4 M
Quarterly Revenue Growth YOY
-0.095
Return On Assets
0.0218
Return On Equity
-0.0596
The market value of Biglari Holdings is measured differently than its book value, which is the value of Biglari that is recorded on the company's balance sheet. Investors also form their own opinion of Biglari Holdings' value that differs from its market value or its book value, called intrinsic value, which is Biglari Holdings' 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 Biglari Holdings' market value can be influenced by many factors that don't directly affect Biglari Holdings' 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 Biglari Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine Biglari Holdings value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Biglari Holdings' 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.