Chipotle Mexican Correlations

CMG Stock

USD 49.46 0.30 0.60%

The current 90-days correlation between Chipotle Mexican Grill and Starbucks is 0.62 (i.e., Poor 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

Poor diversification

The correlation between Chipotle Mexican Grill and DJI is 0.71 (i.e., Poor 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.

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

0.74	GAMB	Gambling Group	Pair Corr
0.62	ACEL	Accel Entertainment	Pair Corr
0.7	CPHC	Canterbury Park Holding	Pair Corr
0.72	DIBS	1StdibsCom	Pair Corr
0.94	HD	Home Depot	Pair Corr
0.64	DORM	Dorman Products	Pair Corr
0.72	AXL	American Axle Manufa	Pair Corr
0.74	BBY	Best Buy	Pair Corr
0.84	BLD	Topbuild Corp	Pair Corr
0.72	FOXF	Fox Factory Holding	Pair Corr
0.81	SMP	Standard Motor Products	Pair Corr
0.74	GNTX	Gentex	Pair Corr
0.83	HOUR	Hour Loop	Pair Corr
0.65	LCID	Lucid Group	Pair Corr
0.82	ISPOW	Thayer Ventures Acqu	Pair Corr
0.82	MNRO	Monro Muffler Brake	Pair Corr
0.67	PRTS	CarPartsCom	Pair Corr
0.75	PSNYW	Polestar Automotive	Pair Corr
0.69	RIVN	Rivian Automotive Aggressive Push	Pair Corr
0.87	AYRO	AYRO Inc	Pair Corr
0.61	SWBI	Smith Wesson Brands	Pair Corr
0.8	PPERY	Bank Mandiri Persero	Pair Corr
0.66	PPERF	Bank Mandiri Persero	Pair Corr
0.76	BKRKY	Bank Rakyat	Pair Corr

Moving against Chipotle Stock

0.69	MCD	McDonalds	Pair Corr
0.32	AGS	PlayAGS	Pair Corr
0.82	RGR	Sturm Ruger	Pair Corr
0.73	MPAA	Motorcar Parts	Pair Corr
0.62	AFYA	Afya	Pair Corr
0.58	ECXWW	ECARX Holdings Warrants	Pair Corr
0.71	HSY	Hershey	Pair Corr
0.59	JNJ	Johnson Johnson	Pair Corr

Related Correlations Analysis

	SBUX	DPZ	YUM	WEN	MCD	BROS	PZZA	WING	DRI	SHAK
SBUX		0.55	0.17	0.55	0.07	0.76	0.68	0.31	0.24	0.44	SBUX
DPZ	0.55		0.65	0.09	0.58	0.66	0.48	-0.13	0.67	-0.25	DPZ
YUM	0.17	0.65		0.33	0.89	0.41	0.58	-0.72	0.54	-0.7	YUM
WEN	0.55	0.09	0.33		0.14	0.44	0.74	-0.25	0.06	0.18	WEN
MCD	0.07	0.58	0.89	0.14		0.32	0.48	-0.62	0.56	-0.69	MCD
BROS	0.76	0.66	0.41	0.44	0.32		0.73	-0.04	0.32	0.2	BROS
PZZA	0.68	0.48	0.58	0.74	0.48	0.73		-0.24	0.18	-0.02	PZZA
WING	0.31	-0.13	-0.72	-0.25	-0.62	-0.04	-0.24		-0.14	0.73	WING
DRI	0.24	0.67	0.54	0.06	0.56	0.32	0.18	-0.14		-0.32	DRI
SHAK	0.44	-0.25	-0.7	0.18	-0.69	0.2	-0.02	0.73	-0.32		SHAK
	SBUX	DPZ	YUM	WEN	MCD	BROS	PZZA	WING	DRI	SHAK

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

MCD	+ 0.89	YUM
BROS	+ 0.76	SBUX
PZZA	+ 0.74	WEN
PZZA	+ 0.73	BROS
SHAK	+ 0.73	WING
PZZA	+ 0.68	SBUX

High negative correlations

WING	- 0.72	YUM
SHAK	- 0.7	YUM
SHAK	- 0.69	MCD
WING	- 0.62	MCD
SHAK	- 0.32	DRI
WING	- 0.25	WEN

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	1.69	0.02	0.00	(0.06)	0.00	0.00	2.25	(5.02)	19.35
DPZ	1.75	0.30	0.14	0.27	2.04	(2.00)	3.48	(3.02)	12.17
YUM	1.24	0.26	0.15	0.40	1.83	(1.36)	2.61	(2.45)	18.16
WEN	1.54	(0.12)	0.00	(0.25)	0.00	0.00	3.79	(3.45)	10.60
MCD	1.03	0.11	0.12	(2.61)	1.41	(1.09)	2.17	(2.08)	10.50
BROS	3.41	0.13	0.05	1.79	4.00	(4.02)	5.94	(8.23)	38.82
PZZA	3.02	(0.13)	0.00	(0.20)	0.00	0.00	5.55	(6.97)	29.81
WING	2.50	(0.14)	0.00	(0.20)	0.00	0.00	4.18	(5.34)	17.94
DRI	1.45	0.22	0.12	0.18	1.76	(1.41)	4.32	(3.14)	10.01
SHAK	3.10	(0.64)	0.00	2.02	0.00	0.00	6.35	(6.17)	23.18

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

2024 Macroaxis LLC