Chipotle Mexican Correlations

CMG Stock

USD 52.78 0.95 1.83%

The current 90-days correlation between Chipotle Mexican Grill and Starbucks is -0.15 (i.e., Good diversification). The correlation of Chipotle Mexican 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.

Chipotle Mexican Correlation With Market

Good diversification

The correlation between Chipotle Mexican Grill and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chipotle Mexican Grill and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Chipotle Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chipotle Mexican Grill. 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 Chipotle Stock

0.61	WING	Wingstop	Pair Corr
0.63	BROS	Dutch Bros	Pair Corr
0.61	GMR	Gaming Realms plc	Pair Corr
0.61	BARBEQUE	Barbeque Nation Hosp	Pair Corr
0.64	AZEK	Azek Company	Pair Corr
0.64	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.65	IBM	International Business	Pair Corr

Moving against Chipotle Stock

0.41	SPECIALITY	Speciality Restaurants	Pair Corr
0.37	JACK	Jack In	Pair Corr
0.33	WEN	The Wendys	Pair Corr

Related Correlations Analysis

	SBUX	DPZ	YUM	WEN	MCD	BROS	PZZA	WING	DRI	SHAK
SBUX		-0.37	0.44	0.45	-0.39	0.44	0.63	0.1	0.41	0.22	SBUX
DPZ	-0.37		-0.06	-0.22	0.76	0.12	-0.29	-0.03	-0.05	0.05	DPZ
YUM	0.44	-0.06		0.84	0.18	-0.11	-0.06	-0.51	-0.38	-0.46	YUM
WEN	0.45	-0.22	0.84		0.03	-0.33	-0.26	-0.75	-0.52	-0.69	WEN
MCD	-0.39	0.76	0.18	0.03		-0.07	-0.44	-0.23	-0.31	-0.22	MCD
BROS	0.44	0.12	-0.11	-0.33	-0.07		0.81	0.76	0.79	0.84	BROS
PZZA	0.63	-0.29	-0.06	-0.26	-0.44	0.81		0.78	0.8	0.83	PZZA
WING	0.1	-0.03	-0.51	-0.75	-0.23	0.76	0.78		0.82	0.95	WING
DRI	0.41	-0.05	-0.38	-0.52	-0.31	0.79	0.8	0.82		0.87	DRI
SHAK	0.22	0.05	-0.46	-0.69	-0.22	0.84	0.83	0.95	0.87		SHAK
	SBUX	DPZ	YUM	WEN	MCD	BROS	PZZA	WING	DRI	SHAK

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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

SHAK	+ 0.95	WING
SHAK	+ 0.87	DRI
WEN	+ 0.84	YUM
SHAK	+ 0.84	BROS
SHAK	+ 0.83	PZZA
DRI	+ 0.82	WING

High negative correlations

WING	- 0.75	WEN
SHAK	- 0.69	WEN
DRI	- 0.52	WEN
WING	- 0.51	YUM
SHAK	- 0.46	YUM
PZZA	- 0.44	MCD

Risk-Adjusted Indicators

There is a big difference between Chipotle Stock performing well and Chipotle Mexican 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 Chipotle Mexican'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
SBUX	1.93	(0.10)	0.00	(0.05)	0.00	0.00	3.27	(4.60)	16.95
DPZ	1.23	(0.02)	(0.02)	0.00	1.78	(1.17)	2.76	(2.62)	8.61
YUM	0.98	(0.17)	0.00	1.30	0.00	0.00	1.86	(1.95)	10.47
WEN	1.63	(0.34)	0.00	1.52	0.00	0.00	3.01	(5.12)	10.88
MCD	0.89	(0.09)	0.00	(0.27)	0.00	0.00	2.15	(1.79)	7.88
BROS	2.80	0.18	0.04	(2.47)	3.33	(3.26)	7.67	(5.65)	21.04
PZZA	2.52	0.15	0.04	0.16	3.44	(2.56)	5.35	(4.61)	20.53
WING	2.49	0.81	0.33	0.79	1.79	(2.92)	6.96	(3.66)	20.40
DRI	1.30	0.24	0.15	0.33	1.23	(1.43)	4.32	(1.97)	10.01
SHAK	2.42	0.64	0.17	0.37	3.00	(2.49)	6.38	(5.81)	21.69

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