Restaurant Brands Correlations
| RSTRFDelisted Stock | USD 70.08 0.00 0.00% |
The current 90-days correlation between Restaurant Brands and Yum Brands is -0.01 (i.e., Good 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.
Restaurant Brands Correlation With Market
Very good diversification
The correlation between Restaurant Brands Internationa and DJI is -0.25 (i.e., Very good 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.
Restaurant |
The ability to find closely correlated positions to Restaurant Brands could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Restaurant Brands when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Restaurant Brands - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Restaurant Brands International to buy it.
Moving against Restaurant Pink Sheet
| 0.37 | PTAIY | Astra International Tbk | PairCorr |
| 0.37 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.34 | BKRKY | Bank Rakyat | PairCorr |
| 0.34 | MSFT | Microsoft Aggressive Push | PairCorr |
| 0.33 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.33 | PPERY | Bank Mandiri Persero | 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 Restaurant Pink Sheet 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 | 0.78 | 0.01 | (0.05) | 0.13 | 0.90 | 1.48 | 6.04 | |||
| SHAK | 1.69 | 0.43 | 0.29 | 0.52 | 1.16 | 5.02 | 11.94 | |||
| PZZA | 2.06 | (0.11) | (0.05) | 0.00 | 2.47 | 4.22 | 10.34 | |||
| DPZ | 1.16 | 0.11 | 0.01 | 0.93 | 1.15 | 3.26 | 7.92 | |||
| JACK | 2.00 | 0.19 | 0.05 | 0.52 | 2.14 | 4.33 | 11.59 | |||
| CAKE | 1.81 | 0.38 | 0.21 | 0.40 | 1.57 | 4.75 | 13.08 | |||
| DRI | 1.19 | (0.05) | 0.02 | 0.08 | 1.06 | 2.04 | 11.46 | |||
| WING | 1.86 | (0.32) | 0.00 | (0.12) | 0.00 | 3.21 | 24.99 | |||
| CBRL | 2.71 | 0.39 | 0.17 | 0.33 | 2.41 | 6.19 | 14.02 | |||
| CMG | 1.30 | 0.19 | 0.09 | 0.32 | 1.83 | 2.91 | 10.78 |
Restaurant Brands Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Restaurant Brands pink sheet to make a market-neutral strategy. Peer analysis of Restaurant Brands could also be used in its relative valuation, which is a method of valuing Restaurant Brands by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Restaurant Brands Corporate Management
| Jill Granat | General Counsel, Corporate Secretary | Profile | |
| Fernando Machado | Chief Inc | Profile | |
| Jeff Housman | Chief Inc | Profile | |
| Matthew Dunnigan | Chief Inc | Profile | |
| David Shear | Pres Inc | Profile | |
| Axel Schwan | Pres Inc | Profile | |
| Sami Siddiqui | Pres Inc | Profile |
Still Interested in Restaurant Brands International?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.