Shake Shack Correlations

SHAK Stock

USD 138.48 0.06 0.04%

The current 90-days correlation between Shake Shack and Papa Johns International is 0.46 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Shake Shack moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shake Shack moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Shake Shack Correlation With Market

Very poor diversification

The correlation between Shake Shack and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Shake Shack and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Shake Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shake Shack. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

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

Moving together with Shake Stock

0.95	CAKE	The Cheesecake Factory	Pair Corr
0.84	F	Ford Motor	Pair Corr
0.69	SGR	The Star Entertainment	Pair Corr
0.63	WMT	Walmart	Pair Corr
0.93	BAC	Bank of America Aggressive Push	Pair Corr
0.9	BA	Boeing Buyout Trend	Pair Corr
0.94	JPM	JPMorgan Chase	Pair Corr
0.7	TRV	The Travelers Companies	Pair Corr
0.93	CAT	Caterpillar	Pair Corr
0.73	MMM	3M Company	Pair Corr

Moving against Shake Stock

0.74	GNLN	Greenlane Holdings	Pair Corr
0.7	FWRG	First Watch Restaurant	Pair Corr
0.56	DECAU	Denali Capital Acqui	Pair Corr
0.41	MCD	McDonalds	Pair Corr
0.36	GV	Visionary Education	Pair Corr

Related Correlations Analysis

	DPZ	PZZA	CMG	DRI	EAT	JACK	WEN	WING	MCD	SBUX
DPZ		-0.32	0.06	-0.13	-0.31	0.33	-0.12	-0.12	0.74	-0.39	DPZ
PZZA	-0.32		0.63	0.9	0.79	-0.71	-0.4	0.88	-0.51	0.64	PZZA
CMG	0.06	0.63		0.66	0.5	-0.42	-0.22	0.63	-0.36	0.5	CMG
DRI	-0.13	0.9	0.66		0.87	-0.71	-0.42	0.83	-0.43	0.61	DRI
EAT	-0.31	0.79	0.5	0.87		-0.79	-0.38	0.7	-0.53	0.55	EAT
JACK	0.33	-0.71	-0.42	-0.71	-0.79		0.67	-0.8	0.56	-0.18	JACK
WEN	-0.12	-0.4	-0.22	-0.42	-0.38	0.67		-0.72	0.16	0.32	WEN
WING	-0.12	0.88	0.63	0.83	0.7	-0.8	-0.72		-0.38	0.3	WING
MCD	0.74	-0.51	-0.36	-0.43	-0.53	0.56	0.16	-0.38		-0.42	MCD
SBUX	-0.39	0.64	0.5	0.61	0.55	-0.18	0.32	0.3	-0.42		SBUX
	DPZ	PZZA	CMG	DRI	EAT	JACK	WEN	WING	MCD	SBUX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

DRI	+ 0.9	PZZA
WING	+ 0.88	PZZA
EAT	+ 0.87	DRI
WING	+ 0.83	DRI
EAT	+ 0.79	PZZA
MCD	+ 0.74	DPZ

High negative correlations

WING	- 0.8	JACK
JACK	- 0.79	EAT
WING	- 0.72	WEN
JACK	- 0.71	DRI
JACK	- 0.71	PZZA
MCD	- 0.53	EAT

Risk-Adjusted Indicators

There is a big difference between Shake Stock performing well and Shake Shack 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 Shake Shack'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
DPZ	1.24	(0.07)	0.00	(0.05)	0.00	0.00	2.76	(2.62)	8.61
PZZA	2.38	0.30	0.08	0.30	3.12	(2.40)	5.35	(4.57)	20.53
CMG	1.73	0.13	0.07	0.17	1.80	(2.09)	4.17	(3.36)	14.17
DRI	1.16	0.04	0.02	0.10	1.37	(1.20)	2.83	(1.97)	7.30
EAT	2.48	0.20	0.05	0.22	3.75	(2.47)	4.83	(4.14)	24.87
JACK	2.96	(0.80)	0.00	(0.62)	0.00	0.00	6.31	(6.90)	21.52
WEN	1.66	(0.35)	0.00	(0.37)	0.00	0.00	3.01	(5.12)	10.88
WING	2.45	0.70	0.28	0.73	1.89	(2.83)	6.96	(3.66)	20.40
MCD	0.95	(0.09)	0.00	(0.22)	0.00	0.00	2.15	(1.86)	7.88
SBUX	1.90	(0.08)	0.00	(0.01)	0.00	0.00	3.27	(4.60)	16.95

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC