Yum China Correlations

YUMC Stock

USD 52.26 0.27 0.51%

The current 90-days correlation between Yum China Holdings and Darden Restaurants is 0.12 (i.e., Average diversification). The correlation of Yum China 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.

Yum China Correlation With Market

Modest diversification

The correlation between Yum China Holdings and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Yum China Holdings 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 China Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Yum Stock

0.69	MCD	McDonalds	Pair Corr
0.76	YUM	Yum Brands	Pair Corr
0.69	VIPS	Vipshop Holdings	Pair Corr
0.63	AZO	AutoZone	Pair Corr

Moving against Yum Stock

0.82	ARKR	Ark Restaurants Corp	Pair Corr
0.7	RH	RH Earnings Call This Week	Pair Corr
0.61	BLMN	Bloomin Brands	Pair Corr
0.57	W	Wayfair	Pair Corr
0.56	UA	Under Armour C	Pair Corr
0.55	HD	Home Depot	Pair Corr
0.49	WING	Wingstop	Pair Corr
0.38	CMG	Chipotle Mexican Grill	Pair Corr
0.36	LOCO	El Pollo Loco	Pair Corr
0.35	DIN	Dine Brands Global	Pair Corr
0.63	KTB	Kontoor Brands	Pair Corr
0.62	VNCE	Vince Holding Corp	Pair Corr
0.62	EWCZ	European Wax Center	Pair Corr
0.61	LOW	Lowes Companies	Pair Corr
0.59	DKS	Dicks Sporting Goods	Pair Corr
0.58	DDS	Dillards	Pair Corr
0.58	KSS	Kohls Corp	Pair Corr
0.55	BLD	Topbuild Corp	Pair Corr
0.52	XELB	Xcel Brands	Pair Corr
0.49	VSCO	Victorias Secret	Pair Corr
0.48	MTH	Meritage	Pair Corr
0.46	KBH	KB Home	Pair Corr
0.44	FND	Floor Decor Holdings	Pair Corr
0.42	ETSY	Etsy Inc	Pair Corr
0.42	HOV	Hovnanian Enterprises	Pair Corr
0.41	BZH	Beazer Homes USA	Pair Corr
0.37	BBY	Best Buy	Pair Corr

Related Correlations Analysis

	DRI	WEN	DPZ	QSR	WING	PZZA	CMG	EAT	JACK	YUM
DRI		-0.49	0.58	-0.01	-0.17	0.34	-0.5	0.7	-0.27	0.44	DRI
WEN	-0.49		-0.21	0.53	-0.14	0.16	0.27	-0.62	0.12	0.08	WEN
DPZ	0.58	-0.21		0.35	-0.22	0.66	-0.36	0.49	-0.14	0.69	DPZ
QSR	-0.01	0.53	0.35		-0.41	0.57	-0.26	-0.36	-0.31	0.71	QSR
WING	-0.17	-0.14	-0.22	-0.41		-0.54	0.85	0.31	0.82	-0.74	WING
PZZA	0.34	0.16	0.66	0.57	-0.54		-0.57	-0.02	-0.38	0.82	PZZA
CMG	-0.5	0.27	-0.36	-0.26	0.85	-0.57		-0.05	0.85	-0.75	CMG
EAT	0.7	-0.62	0.49	-0.36	0.31	-0.02	-0.05		0.13	0.01	EAT
JACK	-0.27	0.12	-0.14	-0.31	0.82	-0.38	0.85	0.13		-0.62	JACK
YUM	0.44	0.08	0.69	0.71	-0.74	0.82	-0.75	0.01	-0.62		YUM
	DRI	WEN	DPZ	QSR	WING	PZZA	CMG	EAT	JACK	YUM

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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	+ 0.85	WING
JACK	+ 0.85	CMG
JACK	+ 0.82	WING
YUM	+ 0.82	PZZA
YUM	+ 0.71	QSR
EAT	+ 0.7	DRI

High negative correlations

YUM	- 0.75	CMG
YUM	- 0.74	WING
YUM	- 0.62	JACK
EAT	- 0.62	WEN
CMG	- 0.57	PZZA
PZZA	- 0.54	WING

Risk-Adjusted Indicators

There is a big difference between Yum Stock performing well and Yum China 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 China'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
DRI	1.45	0.39	0.22	0.25	1.38	(1.62)	2.84	(2.27)	19.32
WEN	1.21	(0.13)	0.00	(0.62)	0.00	0.00	3.46	(2.70)	7.39
DPZ	1.56	0.11	0.06	0.05	1.94	(1.77)	3.48	(3.10)	12.17
QSR	1.03	0.03	0.05	(0.01)	1.33	(0.98)	2.46	(2.26)	6.29
WING	2.24	(0.37)	0.00	(0.32)	0.00	0.00	3.30	(5.34)	17.94
PZZA	2.83	0.13	0.05	0.10	3.01	(3.31)	5.55	(5.45)	25.57
CMG	1.39	(0.38)	0.00	(0.56)	0.00	0.00	2.51	(3.75)	7.51
EAT	2.78	0.36	0.09	0.15	3.23	(3.12)	5.96	(5.64)	24.04
JACK	2.61	(0.53)	0.00	(0.78)	0.00	0.00	4.58	(6.81)	21.64
YUM	1.11	0.25	0.22	0.39	1.14	(1.30)	2.05	(2.43)	12.45

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