CAVA Group, Correlations
| CAVA Stock | 81.00 4.22 5.50% |
The current 90-days correlation between CAVA Group, and Magnite is 0.39 (i.e., Weak diversification). The correlation of CAVA Group, 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.
CAVA Group, Correlation With Market
Good diversification
The correlation between CAVA Group, and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CAVA Group, and DJI in the same portfolio, assuming nothing else is changed.
CAVA |
Moving together with CAVA Stock
| 0.66 | SG | Sweetgreen | PairCorr |
| 0.95 | WING | Wingstop | PairCorr |
| 0.67 | DIN | Dine Brands Global | PairCorr |
| 0.69 | FWRG | First Watch Restaurant | PairCorr |
| 0.67 | FATBB | FAT Brands | PairCorr |
| 0.9 | PNST | Pinstripes Holdings | PairCorr |
| 0.75 | RICK | RCI Hospitality Holdings | PairCorr |
| 0.7 | RRGB | Red Robin Gourmet | PairCorr |
| 0.8 | JACK | Jack In | PairCorr |
| 0.68 | SHAK | Shake Shack | PairCorr |
Moving against CAVA Stock
| 0.57 | QSR | Restaurant Brands | PairCorr |
| 0.52 | NATH | Nathans Famous | PairCorr |
| 0.48 | MCD | McDonalds | PairCorr |
| 0.83 | RAVE | Rave Restaurant Group | PairCorr |
| 0.63 | YOSH | Yoshiharu Global | PairCorr |
| 0.59 | YUM | Yum Brands | PairCorr |
| 0.55 | YUMC | Yum China Holdings Sell-off Trend | PairCorr |
| 0.49 | PZZA | Papa Johns International | PairCorr |
| 0.43 | WEN | The Wendys | 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 CAVA Stock performing well and CAVA Group, 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 CAVA Group,'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NCMI | 2.15 | (0.16) | 0.00 | 0.19 | 0.00 | 4.01 | 26.42 | |||
| EVC | 3.26 | (0.09) | 0.00 | 0.58 | 0.00 | 5.41 | 33.87 | |||
| JUVF | 1.68 | (0.04) | 0.00 | 0.04 | 0.00 | 3.20 | 13.06 | |||
| SBKO | 0.51 | (0.01) | 0.00 | (0.28) | 0.00 | 2.05 | 6.66 | |||
| CNET | 3.30 | 0.02 | 0.00 | (0.06) | 0.00 | 7.22 | 27.82 | |||
| PT | 1.77 | 0.17 | 0.10 | 1.39 | 1.73 | 4.21 | 12.18 | |||
| MGNI | 2.89 | (0.31) | 0.00 | 0.56 | 0.00 | 5.72 | 17.97 | |||
| STGW | 1.81 | (0.20) | 0.00 | 0.28 | 0.00 | 3.32 | 13.39 |
CAVA Group, Corporate Management
| Jeffrey Gaul | Chief Officer | Profile | |
| Tricia Tolivar | Chief Officer | Profile | |
| Adam Phillips | Chief Officer | Profile | |
| Andy Rebhun | Chief Officer | Profile | |
| Christopher Penny | Chief Officer | Profile | |
| Jennifer Somers | Chief Officer | Profile |