Starbucks Correlations

SBUX Stock

USD 93.80 0.61 0.65%

The current 90-days correlation between Starbucks and Chipotle Mexican Grill is 0.39 (i.e., Weak diversification). The correlation of Starbucks 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Starbucks Correlation With Market

Very weak diversification

The correlation between Starbucks and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Starbucks and DJI in the same portfolio, assuming nothing else is changed.

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Starbucks. 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.

For more information on how to buy Starbucks Stock please use our How to Invest in Starbucks guide.

Moving together with Starbucks Stock

0.72	RRR	Red Rock Resorts Earnings Call This Week	Pair Corr
0.78	FL	Foot Locker	Pair Corr
0.63	VUZI	Vuzix Corp Cmn	Pair Corr
0.78	EPSM	Epsium Enterprise	Pair Corr
0.71	BKE	Buckle Inc	Pair Corr
0.66	FOSL	Fossil Group	Pair Corr
0.81	GES	Guess Inc	Pair Corr
0.65	HVT	Haverty Furniture	Pair Corr
0.61	LEG	Leggett Platt	Pair Corr
0.61	TPH	TRI Pointe Homes Earnings Call This Week	Pair Corr
0.72	UAA	Under Armour A	Pair Corr
0.69	GPRO	GoPro Inc	Pair Corr
0.8	GRPN	Groupon	Pair Corr
0.68	SCVL	Shoe Carnival	Pair Corr
0.74	ARHS	Arhaus Inc	Pair Corr
0.64	SONO	Sonos Inc	Pair Corr
0.66	URBN	Urban Outfitters	Pair Corr
0.73	INBX	Inhibrx Biosciences,	Pair Corr

Moving against Starbucks Stock

0.59	AEO	American Eagle Outfitters	Pair Corr
0.67	TOY	Toys R ANZ	Pair Corr
0.64	ROST	Ross Stores	Pair Corr
0.55	PLCE	Childrens Place	Pair Corr
0.49	BET	Betmakers Technology Earnings Call Next Week	Pair Corr
0.44	603057	Shanghai Ziyan Foods	Pair Corr
0.32	07274NBG7	BAYNGR 5 15	Pair Corr

Related Correlations Analysis

	BROS	CMG	COST	DIS	DPZ	MCD	NKE	V	WMT	YUM
BROS		0.17	0.5	0.6	-0.31	-0.21	0.13	0.75	0.35	-0.3	BROS
CMG	0.17		-0.3	0.53	-0.48	-0.65	0.83	0.08	0.06	0.47	CMG
COST	0.5	-0.3		0.19	0.24	0.38	-0.34	0.69	0.77	-0.02	COST
DIS	0.6	0.53	0.19		-0.54	-0.67	0.44	0.65	0.35	0.16	DIS
DPZ	-0.31	-0.48	0.24	-0.54		0.81	-0.46	-0.12	0.04	0.22	DPZ
MCD	-0.21	-0.65	0.38	-0.67	0.81		-0.48	-0.01	0.06	0.03	MCD
NKE	0.13	0.83	-0.34	0.44	-0.46	-0.48		0.07	-0.12	0.41	NKE
V	0.75	0.08	0.69	0.65	-0.12	-0.01	0.07		0.59	0.12	V
WMT	0.35	0.06	0.77	0.35	0.04	0.06	-0.12	0.59		0.31	WMT
YUM	-0.3	0.47	-0.02	0.16	0.22	0.03	0.41	0.12	0.31		YUM
	BROS	CMG	COST	DIS	DPZ	MCD	NKE	V	WMT	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

NKE	+ 0.83	CMG
MCD	+ 0.81	DPZ
WMT	+ 0.77	COST
V	+ 0.75	BROS
V	+ 0.69	COST
V	+ 0.65	DIS

High negative correlations

MCD	- 0.67	DIS
MCD	- 0.65	CMG
DPZ	- 0.54	DIS
NKE	- 0.48	MCD
DPZ	- 0.48	CMG
NKE	- 0.46	DPZ

Risk-Adjusted Indicators

There is a big difference between Starbucks Stock performing well and Starbucks 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 Starbucks' 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
BROS	2.15	0.06	0.04	0.18	2.29	(2.37)	4.14	(3.94)	16.33
CMG	1.48	0.16	0.07	0.36	1.47	(1.79)	3.72	(2.61)	7.88
COST	0.80	(0.08)	0.00	(0.03)	0.00	0.00	1.91	(1.54)	7.00
DIS	1.17	0.43	0.46	0.55	0.33	(1.56)	2.96	(1.27)	12.45
DPZ	0.95	(0.07)	(0.10)	(0.01)	1.32	(0.89)	1.82	(1.88)	6.48
MCD	0.79	(0.14)	0.00	(0.23)	0.00	0.00	1.83	(1.46)	5.39
NKE	1.84	0.24	0.18	0.27	1.50	(2.27)	4.06	(3.07)	18.60
V	0.96	(0.07)	(0.04)	0.06	1.72	(0.86)	1.64	(2.33)	8.52
WMT	0.83	(0.06)	(0.12)	0.01	0.99	(0.95)	1.82	(1.56)	4.91
YUM	0.85	(0.04)	(0.10)	0.06	0.95	(0.92)	1.68	(1.72)	4.98

Starbucks Corporate Management

Ashish Mishra	Deputy VP	Profile
Bradley Lerman	Executive Counsel	Profile
Aranthan II	Executive Affairs	Profile
Michael Conway	Group Development	Profile
Mark Ring	Starbucks Stores	Profile

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