Dutch Bros Correlations

BROS Stock

USD 34.84 0.29 0.84%

The current 90-days correlation between Dutch Bros and CAVA Group, is 0.29 (i.e., Modest diversification). The correlation of Dutch Bros 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.

Dutch Bros Correlation With Market

Significant diversification

The correlation between Dutch Bros and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dutch Bros and DJI in the same portfolio, assuming nothing else is changed.

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

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

Moving together with Dutch Stock

0.7	AGS	PlayAGS	Pair Corr
0.66	DPZ	Dominos Pizza	Pair Corr
0.8	EYE	National Vision Holdings Sell-off Trend	Pair Corr
0.77	PIK	Kidpik Corp	Pair Corr
0.7	GOOS	Canada Goose Holdings	Pair Corr

Moving against Dutch Stock

0.82	EVRI	Everi Holdings	Pair Corr
0.81	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.8	SHAK	Shake Shack	Pair Corr
0.75	SBUX	Starbucks Fiscal Year End 7th of November 2024	Pair Corr
0.72	ACEL	Accel Entertainment	Pair Corr
0.7	YUM	Yum Brands	Pair Corr
0.69	YUMC	Yum China Holdings	Pair Corr
0.61	IGT	International Game	Pair Corr
0.46	DRI	Darden Restaurants Buyout Trend	Pair Corr
0.42	PZZA	Papa Johns International	Pair Corr
0.83	HBI	Hanesbrands	Pair Corr
0.83	UAA	Under Armour A	Pair Corr
0.82	VFC	VF Corporation	Pair Corr
0.81	UA	Under Armour C	Pair Corr
0.73	GMR	Gaming Realms plc	Pair Corr
0.54	LB	LandBridge Company	Pair Corr
0.53	COLM	Columbia Sportswear	Pair Corr
0.52	HD	Home Depot	Pair Corr
0.43	RERE	ATRenew Inc DRC	Pair Corr
0.35	BBY	Best Buy	Pair Corr
0.32	DUOL	Duolingo Tech Boost	Pair Corr

Related Correlations Analysis

	SBUX	CAVA	YUMC	WING	DKNG
SBUX		0.88	0.79	0.12	-0.09	SBUX
CAVA	0.88		0.76	0.3	0.07	CAVA
YUMC	0.79	0.76		0.12	-0.12	YUMC
WING	0.12	0.3	0.12		0.61	WING
DKNG	-0.09	0.07	-0.12	0.61		DKNG
	SBUX	CAVA	YUMC	WING	DKNG

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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

CAVA	+ 0.88	SBUX
YUMC	+ 0.79	SBUX
YUMC	+ 0.76	CAVA
DKNG	+ 0.61	WING
WING	+ 0.3	CAVA
WING	+ 0.12	SBUX

High negative correlations

DKNG	- 0.12	YUMC
DKNG	- 0.09	SBUX

Risk-Adjusted Indicators

There is a big difference between Dutch Stock performing well and Dutch Bros 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 Dutch Bros' 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	1.88	0.22	0.14	0.30	1.44	(2.63)	3.80	(2.78)	27.83
CAVA	2.41	0.42	0.14	0.43	2.61	(2.65)	4.74	(5.65)	26.02
YUMC	1.31	(0.01)	(0.04)	0.08	1.27	(1.66)	2.94	(2.06)	14.11
WING	1.85	(0.04)	(0.01)	0.06	2.44	(1.77)	4.12	(3.80)	10.64
DKNG	2.37	(0.18)	(0.03)	0.00	3.06	(2.45)	5.00	(4.72)	17.59

Dutch Bros Corporate Management

Charley Jemley	Chief Officer	Profile
Leigh Gower	Chief Officer	Profile
Christine Schmidt	Chief Officer	Profile
Joshua Guenser	Chief Officer	Profile
Jonathan Ricci	Pres CEO	Profile
Victoria Tullett	Chief Secretary	Profile

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