Cheesecake Factory Correlations

CAKE Stock

USD 51.58 0.38 0.74%

The current 90-days correlation between The Cheesecake Factory and Bloomin Brands is 0.56 (i.e., Very weak diversification). The correlation of Cheesecake Factory 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.

Cheesecake Factory Correlation With Market

Very weak diversification

The correlation between The Cheesecake Factory and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Cheesecake Factory and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in The Cheesecake Factory. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with Cheesecake Stock

0.8	FATBB	FAT Brands	Pair Corr
0.72	BJRI	BJs Restaurants	Pair Corr
0.67	EWCZ	European Wax Center	Pair Corr
0.81	GIL	Gildan Activewear	Pair Corr

Related Correlations Analysis

	DIN	BLMN	BJRI	RUTH	CHUY	EAT	FRGI	DRI	WING	DPZ
DIN		0.8	0.25	0.0	0.0	0.07	0.0	-0.29	0.76	-0.44	DIN
BLMN	0.8		0.44	0.0	0.0	0.25	0.0	-0.23	0.88	-0.33	BLMN
BJRI	0.25	0.44		0.0	0.0	0.44	0.0	0.27	0.28	0.38	BJRI
RUTH	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	RUTH
CHUY	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	CHUY
EAT	0.07	0.25	0.44	0.0	0.0		0.0	0.67	0.33	0.5	EAT
FRGI	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	FRGI
DRI	-0.29	-0.23	0.27	0.0	0.0	0.67	0.0		-0.17	0.62	DRI
WING	0.76	0.88	0.28	0.0	0.0	0.33	0.0	-0.17		-0.23	WING
DPZ	-0.44	-0.33	0.38	0.0	0.0	0.5	0.0	0.62	-0.23		DPZ
	DIN	BLMN	BJRI	RUTH	CHUY	EAT	FRGI	DRI	WING	DPZ

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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

WING	+ 0.88	BLMN
BLMN	+ 0.8	DIN
WING	+ 0.76	DIN
DRI	+ 0.67	EAT
DPZ	+ 0.62	DRI
DPZ	+ 0.5	EAT

High negative correlations

DPZ	- 0.44	DIN
DPZ	- 0.33	BLMN
DRI	- 0.29	DIN
DPZ	- 0.23	WING
DRI	- 0.23	BLMN
WING	- 0.17	DRI

Risk-Adjusted Indicators

There is a big difference between Cheesecake Stock performing well and Cheesecake Factory 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 Cheesecake Factory'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	2.20	(0.22)	0.00	(0.23)	0.00	0.00	3.73	(4.40)	16.16
BLMN	3.08	(0.48)	0.00	(0.34)	0.00	0.00	6.36	(6.39)	26.53
BJRI	1.67	0.01	0.00	(0.03)	0.00	0.00	3.35	(3.91)	13.32
RUTH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CHUY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EAT	2.82	0.36	0.10	0.16	3.23	(3.21)	5.99	(5.64)	24.04
FRGI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DRI	1.52	0.41	0.24	0.28	1.33	(1.72)	4.32	(2.27)	19.32
WING	2.28	(0.36)	0.00	(0.27)	0.00	0.00	3.32	(5.34)	17.94
DPZ	1.56	0.11	0.06	0.08	1.92	(1.75)	3.48	(3.10)	12.17

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