Wingstop Correlations

WING Stock

USD 328.77 2.50 0.75%

The current 90-days correlation between Wingstop and Shake Shack is -0.14 (i.e., Good diversification). The correlation of Wingstop 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.

Wingstop Correlation With Market

Weak diversification

The correlation between Wingstop and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wingstop and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wingstop. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more detail on how to invest in Wingstop Stock please use our How to Invest in Wingstop guide.

Moving together with Wingstop Stock

0.61

CDRO

Codere Online Corp

Pair Corr

Moving against Wingstop Stock

0.72	EVRI	Everi Holdings	Pair Corr
0.72	PLYA	Playa Hotels Resorts	Pair Corr
0.7	FWRG	First Watch Restaurant	Pair Corr
0.67	EXPE	Expedia Group	Pair Corr
0.67	AGS	PlayAGS	Pair Corr
0.66	PLAY	Dave Busters Enterta Earnings Call This Week	Pair Corr
0.63	JACK	Jack In	Pair Corr
0.56	KRUS	Kura Sushi USA	Pair Corr
0.55	LIND	Lindblad Expeditions	Pair Corr
0.52	WEN	The Wendys	Pair Corr
0.44	DPZ	Dominos Pizza	Pair Corr
0.44	SBUX	Starbucks Aggressive Push	Pair Corr
0.39	RSI	Rush Street Interactive	Pair Corr
0.39	YUMC	Yum China Holdings	Pair Corr
0.38	INSE	Inspired Entertainment	Pair Corr
0.37	GAMB	Gambling Group	Pair Corr
0.77	CAKE	The Cheesecake Factory	Pair Corr
0.76	GM	General Motors	Pair Corr
0.74	SHAK	Shake Shack	Pair Corr
0.63	SGHC	SGHC Limited	Pair Corr
0.55	WEYS	Weyco Group	Pair Corr
0.54	BROS	Dutch Bros	Pair Corr
0.51	ADT	ADT Inc	Pair Corr
0.49	CHDN	Churchill Downs	Pair Corr

Related Correlations Analysis

	WEN	SHAK	PZZA	DRI
WEN		0.6	0.7	0.31	WEN
SHAK	0.6		0.39	0.68	SHAK
PZZA	0.7	0.39		0.29	PZZA
DRI	0.31	0.68	0.29		DRI
	WEN	SHAK	PZZA	DRI

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Wingstop Stock performing well and Wingstop 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 Wingstop'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
WEN	1.45	0.04	0.02	0.17	1.79	(1.50)	3.34	(2.45)	10.31
SHAK	1.74	0.24	0.15	0.34	1.42	(2.23)	5.02	(2.89)	11.94
PZZA	1.98	(0.03)	(0.01)	0.10	2.47	(1.97)	4.11	(4.50)	10.07
DRI	1.18	0.02	0.06	0.14	0.95	(1.54)	2.04	(1.75)	11.46

Wingstop Corporate Management

Craig Sherwood	SVP Development	Profile
Bradley T	Strategy SVP	Profile
Kevin Fish	Senior Digital	Profile
Raj Kapoor	Senior International	Profile
Alex Kaleida	CFO VP	Profile
Anne Fischer	Senior Officer	Profile

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