Dominos Pizza Correlations

DPZ Stock

USD 466.05 4.38 0.95%

The current 90-days correlation between Dominos Pizza Common and Brinker International is 0.26 (i.e., Modest diversification). The correlation of Dominos Pizza 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Dominos Pizza Correlation With Market

Very weak diversification

The correlation between Dominos Pizza Common and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dominos Pizza Common and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dominos Pizza Common. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Dominos Stock

0.74	LTH	Life Time Group	Pair Corr
0.71	MCD	McDonalds	Pair Corr
0.67	HAS	Hasbro Inc	Pair Corr
0.79	MAT	Mattel Inc	Pair Corr
0.63	BZUN	Baozun Inc	Pair Corr
0.68	LION	Lionsgate Studios Corp	Pair Corr
0.63	DOX	Amdocs	Pair Corr

Moving against Dominos Stock

0.56	GOLF	Acushnet Holdings Corp	Pair Corr
0.55	NVR	NVR Inc	Pair Corr
0.54	WHR	Whirlpool	Pair Corr
0.54	JOUT	Johnson Outdoors	Pair Corr
0.52	WWW	Wolverine World Wide	Pair Corr
0.51	DHI	DR Horton	Pair Corr
0.44	PLAY	Dave Busters Enterta	Pair Corr
0.42	CRI	Carters	Pair Corr
0.32	KTB	Kontoor Brands	Pair Corr
0.55	HII	Huntington Ingalls	Pair Corr
0.31	ZBH	Zimmer Biomet Holdings	Pair Corr

Related Correlations Analysis

	EAT	JACK	WEN	WING	YUMC	DRI	QSR	SHAK	PZZA	CMG
EAT		0.0	-0.64	0.22	-0.2	0.74	-0.4	-0.16	-0.06	-0.15	EAT
JACK	0.0		0.31	0.82	-0.26	-0.35	-0.05	0.79	-0.25	0.86	JACK
WEN	-0.64	0.31		0.0	0.42	-0.6	0.59	0.33	0.21	0.4	WEN
WING	0.22	0.82	0.0		-0.38	-0.22	-0.25	0.77	-0.45	0.85	WING
YUMC	-0.2	-0.26	0.42	-0.38		0.01	0.82	-0.45	0.58	-0.24	YUMC
DRI	0.74	-0.35	-0.6	-0.22	0.01		-0.18	-0.44	0.21	-0.55	DRI
QSR	-0.4	-0.05	0.59	-0.25	0.82	-0.18		-0.3	0.58	-0.07	QSR
SHAK	-0.16	0.79	0.33	0.77	-0.45	-0.44	-0.3		-0.46	0.88	SHAK
PZZA	-0.06	-0.25	0.21	-0.45	0.58	0.21	0.58	-0.46		-0.46	PZZA
CMG	-0.15	0.86	0.4	0.85	-0.24	-0.55	-0.07	0.88	-0.46		CMG
	EAT	JACK	WEN	WING	YUMC	DRI	QSR	SHAK	PZZA	CMG

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

CMG	+ 0.88	SHAK
CMG	+ 0.86	JACK
CMG	+ 0.85	WING
WING	+ 0.82	JACK
QSR	+ 0.82	YUMC
SHAK	+ 0.79	JACK

High negative correlations

WEN	- 0.64	EAT
DRI	- 0.6	WEN
CMG	- 0.55	DRI
CMG	- 0.46	PZZA
PZZA	- 0.46	SHAK
SHAK	- 0.45	YUMC

Risk-Adjusted Indicators

There is a big difference between Dominos Stock performing well and Dominos Pizza 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 Dominos Pizza'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
EAT	2.75	0.32	0.08	0.11	3.26	(3.04)	5.96	(5.64)	24.04
JACK	2.61	(0.53)	0.00	(0.77)	0.00	0.00	4.56	(6.82)	21.61
WEN	1.20	(0.15)	0.00	(0.71)	0.00	0.00	3.46	(2.70)	7.39
WING	2.32	(0.50)	0.00	(0.40)	0.00	0.00	3.30	(5.87)	17.94
YUMC	1.67	0.18	0.12	0.26	1.75	(2.05)	3.92	(2.94)	13.15
DRI	1.40	0.29	0.16	0.17	1.49	(1.51)	2.68	(2.27)	19.32
QSR	1.05	0.01	0.00	(0.06)	0.00	0.00	2.46	(2.26)	6.29
SHAK	2.39	(0.50)	0.00	(0.41)	0.00	0.00	5.69	(5.33)	23.18
PZZA	2.86	0.11	0.04	0.06	3.15	(3.20)	5.55	(5.45)	25.57
CMG	1.42	(0.38)	0.00	(0.57)	0.00	0.00	2.51	(3.75)	7.51

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC