Cheesecake Factory Correlations

CAKE Stock

USD 63.97 0.44 0.69%

The current 90-days correlation between The Cheesecake Factory and Boston Beer is 0.28 (i.e., Modest diversification). The correlation of Cheesecake Factory 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.

Cheesecake Factory Correlation With Market

Poor diversification

The correlation between The Cheesecake Factory and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Cheesecake Factory and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Cheesecake Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in The Cheesecake Factory. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with Cheesecake Stock

0.96	BH	Biglari Holdings	Pair Corr
0.83	WING	Wingstop	Pair Corr
0.8	BDL	Flanigans Enterprises	Pair Corr
0.77	CMG	Chipotle Mexican Grill	Pair Corr
0.87	DIN	Dine Brands Global	Pair Corr
0.92	DRI	Darden Restaurants	Pair Corr
0.87	EAT	Brinker International Downward Rally	Pair Corr
0.91	NATH	Nathans Famous	Pair Corr
0.96	W	Wayfair	Pair Corr
0.64	DIBS	1StdibsCom	Pair Corr
0.94	AN	AutoNation	Pair Corr
0.86	FL	Foot Locker	Pair Corr
0.91	JL	J Long Group	Pair Corr
0.82	RL	Ralph Lauren Corp	Pair Corr
0.71	DLTH	Duluth Holdings	Pair Corr
0.89	DOOO	BRP Inc	Pair Corr
0.77	WEYS	Weyco Group	Pair Corr
0.67	BBY	Best Buy	Pair Corr

Moving against Cheesecake Stock

0.79	DNUT	Krispy Kreme	Pair Corr
0.79	NDLS	Noodles Company	Pair Corr
0.76	SG	Sweetgreen	Pair Corr
0.62	BTBDW	BT Brands Warrant	Pair Corr
0.57	MCD	McDonalds Sell-off Trend	Pair Corr
0.47	FWRG	First Watch Restaurant	Pair Corr
0.35	HDL	SUPER HI INTERNATIONAL	Pair Corr
0.61	DIT	AMCON Distributing	Pair Corr
0.51	JD	JD Inc Adr Sell-off Trend	Pair Corr
0.41	FLWS	1 800 FLOWERSCOM	Pair Corr

Related Correlations Analysis

	SAM	HGMCF	EVMNY	HUSIF	ZIJMF	COCO	EGO	TBEV
SAM		0.22	-0.47	-0.89	-0.84	-0.51	-0.62	0.0	SAM
HGMCF	0.22		-0.16	-0.25	-0.11	-0.05	0.17	0.0	HGMCF
EVMNY	-0.47	-0.16		0.48	0.71	0.6	0.62	0.0	EVMNY
HUSIF	-0.89	-0.25	0.48		0.81	0.58	0.59	0.0	HUSIF
ZIJMF	-0.84	-0.11	0.71	0.81		0.71	0.74	0.0	ZIJMF
COCO	-0.51	-0.05	0.6	0.58	0.71		0.64	0.0	COCO
EGO	-0.62	0.17	0.62	0.59	0.74	0.64		0.0	EGO
TBEV	0.0	0.0	0.0	0.0	0.0	0.0	0.0		TBEV
	SAM	HGMCF	EVMNY	HUSIF	ZIJMF	COCO	EGO	TBEV

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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

ZIJMF	+ 0.81	HUSIF
EGO	+ 0.74	ZIJMF
ZIJMF	+ 0.71	EVMNY
COCO	+ 0.71	ZIJMF
EGO	+ 0.64	COCO
EGO	+ 0.62	EVMNY

High negative correlations

HUSIF	- 0.89	SAM
ZIJMF	- 0.84	SAM
EGO	- 0.62	SAM
COCO	- 0.51	SAM
EVMNY	- 0.47	SAM
HUSIF	- 0.25	HGMCF

Risk-Adjusted Indicators

There is a big difference between Cheesecake Stock performing well and Cheesecake Factory 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 Cheesecake Factory'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
SAM	1.52	(0.34)	0.00	(0.62)	0.00	0.00	3.16	(3.57)	9.80
HGMCF	1.22	0.12	0.00	1.94	0.00	0.00	0.93	(4.44)	44.92
EVMNY	2.05	0.24	0.03	0.68	2.68	(9.94)	9.28	(5.12)	31.97
HUSIF	3.22	1.17	0.17	(3.46)	2.44	(7.80)	10.81	(3.70)	27.01
ZIJMF	3.53	0.46	0.09	1.76	3.91	(4.02)	7.30	(7.35)	24.25
COCO	1.98	0.36	0.09	(1.32)	2.54	(2.21)	3.66	(3.06)	17.01
EGO	2.07	0.26	0.07	0.82	2.61	(2.18)	5.32	(3.00)	18.49
TBEV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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