Yum Brands Correlations

YUM Stock

USD 157.51 0.21 0.13%

The current 90-days correlation between Yum Brands and Dominos Pizza Common is 0.48 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Yum Brands moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Yum Brands moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Yum Brands Correlation With Market

Modest diversification

The correlation between Yum Brands and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Yum Brands 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 Yum Brands. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

To learn how to invest in Yum Stock, please use our How to Invest in Yum Brands guide.

Moving together with Yum Stock

0.68

DPZ

Dominos Pizza Common

Pair Corr

Moving against Yum Stock

0.83	SG	Sweetgreen	Pair Corr
0.82	WW	WW International	Pair Corr
0.77	DNUT	Krispy Kreme	Pair Corr
0.74	H	Hyatt Hotels	Pair Corr
0.69	DIN	Dine Brands Global	Pair Corr
0.68	WING	Wingstop	Pair Corr
0.66	CMG	Chipotle Mexican Grill	Pair Corr
0.65	CCL	Carnival Earnings Call This Week	Pair Corr
0.65	CUK	Carnival Plc ADS	Pair Corr
0.36	CZR	Caesars Entertainment	Pair Corr
0.85	GAN	Gan	Pair Corr
0.71	FTDR	Frontdoor	Pair Corr
0.71	MTN	Vail Resorts	Pair Corr
0.69	RGS	Regis Common	Pair Corr
0.65	FUN	Six Flags Entertainment	Pair Corr
0.65	RSI	Rush Street Interactive	Pair Corr
0.59	MSC	Studio City International	Pair Corr
0.45	XPOF	Xponential Fitness	Pair Corr
0.41	MAR	Marriott International	Pair Corr
0.38	HRB	HR Block	Pair Corr
0.35	IHG	InterContinental Hotels	Pair Corr

Related Correlations Analysis

	SHAK	PZZA	DPZ	JACK	EAT	DIN	RUTH	QSR	WING	DRI
SHAK		-0.42	-0.37	0.77	-0.2	0.75	0.0	-0.23	0.76	-0.47	SHAK
PZZA	-0.42		0.65	-0.16	-0.07	-0.42	0.0	0.58	-0.4	0.17	PZZA
DPZ	-0.37	0.65		0.0	0.46	-0.35	0.0	0.33	-0.13	0.45	DPZ
JACK	0.77	-0.16	0.0		-0.08	0.74	0.0	0.08	0.81	-0.43	JACK
EAT	-0.2	-0.07	0.46	-0.08		-0.07	0.0	-0.42	0.17	0.75	EAT
DIN	0.75	-0.42	-0.35	0.74	-0.07		0.0	-0.07	0.77	-0.38	DIN
RUTH	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	RUTH
QSR	-0.23	0.58	0.33	0.08	-0.42	-0.07	0.0		-0.16	-0.24	QSR
WING	0.76	-0.4	-0.13	0.81	0.17	0.77	0.0	-0.16		-0.26	WING
DRI	-0.47	0.17	0.45	-0.43	0.75	-0.38	0.0	-0.24	-0.26		DRI
	SHAK	PZZA	DPZ	JACK	EAT	DIN	RUTH	QSR	WING	DRI

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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

WING	+ 0.81	JACK
JACK	+ 0.77	SHAK
WING	+ 0.77	DIN
WING	+ 0.76	SHAK
DIN	+ 0.75	SHAK
DRI	+ 0.75	EAT

High negative correlations

DRI	- 0.47	SHAK
DRI	- 0.43	JACK
QSR	- 0.42	EAT
DIN	- 0.42	PZZA
PZZA	- 0.42	SHAK
WING	- 0.4	PZZA

Risk-Adjusted Indicators

There is a big difference between Yum Stock performing well and Yum 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 Yum 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
SHAK	2.38	(0.49)	0.00	(0.46)	0.00	0.00	5.69	(5.33)	23.18
PZZA	2.86	0.13	0.04	0.05	3.20	(3.20)	5.55	(5.45)	25.57
DPZ	1.57	0.11	0.06	0.02	1.97	(1.75)	3.48	(3.10)	12.17
JACK	2.62	(0.51)	0.00	(0.72)	0.00	0.00	4.56	(6.82)	21.61
EAT	2.69	0.28	0.07	0.09	3.31	(2.92)	5.66	(5.64)	24.04
DIN	2.16	(0.18)	0.00	(0.25)	0.00	0.00	3.73	(4.40)	16.16
RUTH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
QSR	1.05	0.01	0.00	(0.07)	0.00	0.00	2.46	(2.26)	6.29
WING	2.28	(0.52)	0.00	(0.46)	0.00	0.00	2.81	(5.87)	17.94
DRI	1.40	0.32	0.18	0.16	1.51	(1.56)	2.68	(2.27)	19.32

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