Restaurant Brands Correlations

QSR Stock

USD 68.74 0.90 1.33%

The current 90-days correlation between Restaurant Brands and Yum Brands is 0.01 (i.e., Significant diversification). The correlation of Restaurant Brands 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.

Restaurant Brands Correlation With Market

Weak diversification

The correlation between Restaurant Brands Internationa and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Restaurant Brands Internationa and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Restaurant Brands International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Restaurant Stock

0.82	MCD	McDonalds	Pair Corr
0.79	YUM	Yum Brands	Pair Corr
0.71	VIPS	Vipshop Holdings	Pair Corr
0.7	AZO	AutoZone	Pair Corr
0.75	JWN	Nordstrom	Pair Corr

Moving against Restaurant Stock

0.78	RH	RH	Pair Corr
0.77	ARKR	Ark Restaurants Corp	Pair Corr
0.69	BLMN	Bloomin Brands	Pair Corr
0.68	W	Wayfair	Pair Corr
0.67	HD	Home Depot	Pair Corr
0.65	UA	Under Armour C	Pair Corr
0.53	WING	Wingstop	Pair Corr
0.53	LOCO	El Pollo Loco	Pair Corr
0.49	CMG	Chipotle Mexican Grill Aggressive Push	Pair Corr
0.43	DIN	Dine Brands Global	Pair Corr
0.35	FATBB	FAT Brands	Pair Corr
0.75	KTB	Kontoor Brands	Pair Corr
0.69	LOW	Lowes Companies	Pair Corr
0.68	EWCZ	European Wax Center	Pair Corr
0.68	BLD	Topbuild Corp	Pair Corr
0.64	DDS	Dillards	Pair Corr
0.63	FND	Floor Decor Holdings	Pair Corr
0.63	KBH	KB Home	Pair Corr
0.62	DKS	Dicks Sporting Goods	Pair Corr
0.61	VSCO	Victorias Secret	Pair Corr
0.6	MTH	Meritage	Pair Corr
0.59	KSS	Kohls Corp	Pair Corr
0.58	ETSY	Etsy Inc	Pair Corr
0.58	HOV	Hovnanian Enterprises	Pair Corr
0.56	BZH	Beazer Homes USA	Pair Corr
0.55	XELB	Xcel Brands Trending	Pair Corr
0.54	VNCE	Vince Holding Corp	Pair Corr
0.52	CCS	Century Communities	Pair Corr

Related Correlations Analysis

	YUM	PZZA	JACK	DPZ	YUMC	DRI	WEN	WING	CMG	EAT
YUM		0.78	-0.69	0.66	0.79	0.52	0.12	-0.79	-0.8	-0.07	YUM
PZZA	0.78		-0.32	0.63	0.52	0.36	0.07	-0.51	-0.55	-0.04	PZZA
JACK	-0.69	-0.32		-0.24	-0.63	-0.34	-0.03	0.81	0.86	0.2	JACK
DPZ	0.66	0.63	-0.24		0.53	0.76	-0.29	-0.26	-0.43	0.51	DPZ
YUMC	0.79	0.52	-0.63	0.53		0.48	0.28	-0.58	-0.57	-0.12	YUMC
DRI	0.52	0.36	-0.34	0.76	0.48		-0.29	-0.21	-0.44	0.63	DRI
WEN	0.12	0.07	-0.03	-0.29	0.28	-0.29		-0.23	0.12	-0.59	WEN
WING	-0.79	-0.51	0.81	-0.26	-0.58	-0.21	-0.23		0.88	0.36	WING
CMG	-0.8	-0.55	0.86	-0.43	-0.57	-0.44	0.12	0.88		0.05	CMG
EAT	-0.07	-0.04	0.2	0.51	-0.12	0.63	-0.59	0.36	0.05		EAT
	YUM	PZZA	JACK	DPZ	YUMC	DRI	WEN	WING	CMG	EAT

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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

CMG	+ 0.88	WING
CMG	+ 0.86	JACK
WING	+ 0.81	JACK
YUMC	+ 0.79	YUM
PZZA	+ 0.78	YUM
DRI	+ 0.76	DPZ

High negative correlations

CMG	- 0.8	YUM
WING	- 0.79	YUM
JACK	- 0.69	YUM
YUMC	- 0.63	JACK
EAT	- 0.59	WEN
WING	- 0.58	YUMC

Risk-Adjusted Indicators

There is a big difference between Restaurant Stock performing well and Restaurant Brands 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 Restaurant Brands' 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
YUM	1.08	0.29	0.27	(1.00)	0.97	(1.31)	2.05	(1.72)	12.45
PZZA	2.81	0.14	0.05	0.18	3.13	(3.13)	5.55	(5.45)	25.57
JACK	2.58	(0.36)	0.00	(0.39)	0.00	0.00	4.58	(6.81)	21.64
DPZ	1.54	0.19	0.10	0.15	1.86	(1.71)	3.48	(3.02)	12.17
YUMC	1.68	0.16	0.09	0.23	1.72	(2.13)	3.92	(2.94)	13.15
DRI	1.22	0.23	0.15	0.20	1.35	(1.29)	2.84	(2.00)	9.40
WEN	1.23	(0.16)	0.00	(2.39)	0.00	0.00	3.46	(2.92)	8.28
WING	2.21	(0.28)	0.00	(0.20)	0.00	0.00	3.70	(5.34)	17.94
CMG	1.37	(0.31)	0.00	1.30	0.00	0.00	2.51	(2.90)	7.51
EAT	2.77	0.36	0.10	0.14	3.05	(3.16)	5.99	(5.64)	24.04

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