Chipotle Mexican Correlations

CMG Stock

USD 51.21 0.30 0.58%

The current 90-days correlation between Chipotle Mexican Grill and Starbucks is 0.15 (i.e., Average diversification). The correlation of Chipotle Mexican 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.

Chipotle Mexican Correlation With Market

Good diversification

The correlation between Chipotle Mexican Grill and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chipotle Mexican Grill 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 Chipotle Mexican Grill. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Chipotle Stock

0.83	YETI	YETI Holdings	Pair Corr
0.73	JOUT	Johnson Outdoors	Pair Corr
0.79	SDHC	Smith Douglas Homes	Pair Corr
0.74	UPBD	Upbound Group	Pair Corr
0.66	PPERF	Bank Mandiri Persero	Pair Corr
0.61	PPERY	Bank Mandiri Persero	Pair Corr
0.71	PTAIY	Astra International Tbk Earnings Call Today	Pair Corr
0.77	PBCRY	Bank Central Asia	Pair Corr

Moving against Chipotle Stock

0.71	LTH	Life Time Group	Pair Corr
0.53	JAKK	JAKKS Pacific Earnings Call Today	Pair Corr
0.42	XPOF	Xponential Fitness Earnings Call Today	Pair Corr
0.39	MAT	Mattel Inc	Pair Corr
0.71	SSNLF	Samsung Electronics	Pair Corr
0.69	GE	GE Aerospace	Pair Corr
0.67	MMM	3M Company	Pair Corr
0.67	CSCO	Cisco Systems	Pair Corr
0.51	AAMMF	Almadex Minerals	Pair Corr
0.5	KO	Coca Cola Aggressive Push	Pair Corr
0.5	T	ATT Inc Aggressive Push	Pair Corr
0.42	IBM	International Business	Pair Corr
0.39	BA	Boeing	Pair Corr

Related Correlations Analysis

	SBUX	DPZ	YUM	WEN	MCD	BROS	PZZA	WING	DRI	SHAK
SBUX		0.81	0.72	-0.28	0.63	0.75	0.43	0.0	0.48	-0.63	SBUX
DPZ	0.81		0.79	0.14	0.71	0.46	0.68	0.34	0.13	-0.24	DPZ
YUM	0.72	0.79		0.09	0.93	0.59	0.67	-0.03	0.24	-0.29	YUM
WEN	-0.28	0.14	0.09		0.06	-0.61	0.6	0.6	-0.79	0.68	WEN
MCD	0.63	0.71	0.93	0.06		0.51	0.62	0.02	0.2	-0.21	MCD
BROS	0.75	0.46	0.59	-0.61	0.51		0.18	-0.47	0.73	-0.68	BROS
PZZA	0.43	0.68	0.67	0.6	0.62	0.18		0.41	-0.33	0.12	PZZA
WING	0.0	0.34	-0.03	0.6	0.02	-0.47	0.41		-0.53	0.37	WING
DRI	0.48	0.13	0.24	-0.79	0.2	0.73	-0.33	-0.53		-0.59	DRI
SHAK	-0.63	-0.24	-0.29	0.68	-0.21	-0.68	0.12	0.37	-0.59		SHAK
	SBUX	DPZ	YUM	WEN	MCD	BROS	PZZA	WING	DRI	SHAK

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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

MCD	+ 0.93	YUM
DPZ	+ 0.81	SBUX
YUM	+ 0.79	DPZ
BROS	+ 0.75	SBUX
DRI	+ 0.73	BROS
YUM	+ 0.72	SBUX

High negative correlations

DRI	- 0.79	WEN
SHAK	- 0.68	BROS
SHAK	- 0.63	SBUX
BROS	- 0.61	WEN
SHAK	- 0.59	DRI
DRI	- 0.53	WING

Risk-Adjusted Indicators

There is a big difference between Chipotle Stock performing well and Chipotle Mexican 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 Chipotle Mexican'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
SBUX	1.11	0.22	0.17	0.47	1.12	(1.27)	2.44	(1.81)	9.53
DPZ	1.39	0.09	0.06	0.12	1.47	(1.68)	3.48	(3.02)	7.78
YUM	1.02	0.23	0.19	0.53	1.00	(1.23)	2.04	(1.43)	10.73
WEN	1.16	(0.17)	0.00	(0.49)	0.00	0.00	3.47	(2.66)	6.91
MCD	0.74	0.10	0.12	0.31	0.68	(0.82)	1.91	(1.37)	6.00
BROS	2.53	0.72	0.30	0.56	1.99	(3.20)	5.64	(3.48)	36.33
PZZA	2.50	0.13	0.05	0.10	2.66	(2.79)	5.40	(4.87)	22.77
WING	1.90	(0.45)	0.00	(0.38)	0.00	0.00	2.77	(5.29)	17.93
DRI	1.33	0.30	0.24	0.27	1.02	(1.67)	2.67	(2.00)	16.74
SHAK	2.17	(0.04)	0.00	(0.05)	0.00	0.00	5.21	(3.95)	23.18

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