Shift4 Payments Correlations

FOUR Stock

USD 97.68 1.43 1.44%

The current 90-days correlation between Shift4 Payments and Wingstop is 0.2 (i.e., Modest diversification). The correlation of Shift4 Payments 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.

Shift4 Payments Correlation With Market

Poor diversification

The correlation between Shift4 Payments and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Shift4 Payments and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Shift4 Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Shift4 Payments. 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.

To learn how to invest in Shift4 Stock, please use our How to Invest in Shift4 Payments guide.

Moving together with Shift4 Stock

0.71	BR	Broadridge Financial	Pair Corr
0.91	J	Jacobs Solutions	Pair Corr
0.87	R	Ryder System	Pair Corr
0.92	AL	Air Lease	Pair Corr
0.83	AP	Ampco Pittsburgh	Pair Corr
0.83	AZ	A2Z Smart Technologies	Pair Corr
0.91	BA	Boeing Aggressive Push	Pair Corr
0.74	BE	Bloom Energy Corp	Pair Corr
0.86	BV	BrightView Holdings	Pair Corr
0.87	BW	Babcock Wilcox Enter	Pair Corr
0.7	BZ	Kanzhun Ltd ADR	Pair Corr
0.83	CP	Canadian Pacific Railway	Pair Corr
0.93	CR	Crane Company	Pair Corr
0.92	CW	Curtiss Wright	Pair Corr
0.88	DE	Deere Company	Pair Corr
0.9	DY	Dycom Industries	Pair Corr
0.81	FA	First Advantage Corp	Pair Corr
0.67	GD	General Dynamics	Pair Corr
0.96	GE	GE Aerospace	Pair Corr
0.61	HY	Hyster Yale Materials	Pair Corr
0.9	IR	Ingersoll Rand	Pair Corr
0.91	KE	Kimball Electronics	Pair Corr
0.77	LZ	LegalZoom	Pair Corr
0.94	PH	Parker Hannifin	Pair Corr
0.8	PL	Planet Labs PBC	Pair Corr

Moving against Shift4 Stock

0.77	CDTG	CDT Environmental	Pair Corr
0.69	G	Genpact Limited	Pair Corr
0.68	MG	Mistras Group	Pair Corr
0.54	NL	NL Industries	Pair Corr
0.52	PC	Premium Catering	Pair Corr

Related Correlations Analysis

	BJRI	DENN	WING	SONO	LPL	MPX	CMG	DOOO
BJRI		0.79	0.93	0.71	0.84	0.49	0.65	0.76	BJRI
DENN	0.79		0.65	0.81	0.81	0.58	0.62	0.52	DENN
WING	0.93	0.65		0.55	0.78	0.32	0.62	0.85	WING
SONO	0.71	0.81	0.55		0.76	0.59	0.62	0.44	SONO
LPL	0.84	0.81	0.78	0.76		0.43	0.76	0.81	LPL
MPX	0.49	0.58	0.32	0.59	0.43		0.51	0.11	MPX
CMG	0.65	0.62	0.62	0.62	0.76	0.51		0.62	CMG
DOOO	0.76	0.52	0.85	0.44	0.81	0.11	0.62		DOOO
	BJRI	DENN	WING	SONO	LPL	MPX	CMG	DOOO

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Risk-Adjusted Indicators

There is a big difference between Shift4 Stock performing well and Shift4 Payments 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 Shift4 Payments' 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
BJRI	2.07	0.31	0.11	0.34	2.40	(2.10)	4.71	(3.75)	17.68
DENN	2.98	0.14	0.03	0.21	3.91	(3.37)	5.54	(6.19)	21.45
WING	2.49	0.63	0.25	0.70	2.02	(2.90)	6.96	(3.66)	20.40
SONO	2.79	(0.11)	0.00	(0.01)	0.00	0.00	6.40	(4.90)	18.02
LPL	1.65	0.04	0.01	0.12	2.10	(1.86)	3.63	(3.77)	9.03
MPX	1.74	0.00	0.00	0.07	2.12	(1.81)	3.51	(4.10)	15.55
CMG	1.74	0.13	0.07	0.18	1.79	(2.12)	4.17	(3.36)	14.17
DOOO	2.30	0.35	0.12	0.37	2.70	(2.52)	5.72	(4.35)	19.19

Shift4 Payments Corporate Management

Nate Hirshberg	Senior Marketing	Profile
Nancy CPA	Chief Officer	Profile
Tim Ernst	Senior ENGINEERING	Profile
James Whalen	Chief Officer	Profile
Steven Sommers	Chief Architect	Profile

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