McDonalds Correlations

MCD Stock

USD 306.94 0.11 0.04%

The current 90-days correlation between McDonalds and Nike Inc is 0.12 (i.e., Average diversification). The correlation of McDonalds 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.

McDonalds Correlation With Market

Modest diversification

The correlation between McDonalds and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding McDonalds and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with McDonalds Stock

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

For information on how to trade McDonalds Stock refer to our How to Trade McDonalds Stock guide.

Moving together with McDonalds Stock

0.72

DIS

Walt Disney

Pair Corr

Moving against McDonalds Stock

0.71	GRAB	Grab Holdings Aggressive Push	Pair Corr
0.61	MPW	Medical Properties Trust	Pair Corr
0.6	PLUG	Plug Power Buyout Trend	Pair Corr
0.59	GS	Goldman Sachs Group	Pair Corr
0.58	NVDA	NVIDIA Earnings Call This Week	Pair Corr
0.49	PATH	Uipath Inc Potential Growth	Pair Corr
0.48	UEC	Uranium Energy Corp	Pair Corr
0.47	NIO	Nio Class A Earnings Call This Week	Pair Corr
0.46	OPEN	Opendoor Technologies Trending	Pair Corr
0.46	ILLR	Triller Group	Pair Corr
0.45	BK	Bank of New York	Pair Corr
0.4	RIG	Transocean Aggressive Push	Pair Corr
0.38	DIN	Dine Brands Global	Pair Corr
0.59	PLG	Platinum Group Metals	Pair Corr
0.56	INTC	Intel	Pair Corr
0.54	IBM	International Business	Pair Corr
0.49	CAT	Caterpillar	Pair Corr
0.38	AA	Alcoa Corp Buyout Trend	Pair Corr
0.33	WMT	Walmart Earnings Call This Week	Pair Corr

Related Correlations Analysis

	NKE	SE	ABNB	ORLY	RCL	RACE	MAR	MELI	CMG	CVNA
NKE		0.69	0.37	0.67	0.86	0.71	-0.4	0.55	0.76	0.62	NKE
SE	0.69		-0.11	0.8	0.78	0.77	-0.49	0.58	0.55	0.75	SE
ABNB	0.37	-0.11		-0.14	0.39	-0.04	-0.14	0.31	0.33	0.1	ABNB
ORLY	0.67	0.8	-0.14		0.75	0.74	-0.36	0.37	0.54	0.72	ORLY
RCL	0.86	0.78	0.39	0.75		0.68	-0.48	0.57	0.73	0.73	RCL
RACE	0.71	0.77	-0.04	0.74	0.68		-0.21	0.62	0.36	0.73	RACE
MAR	-0.4	-0.49	-0.14	-0.36	-0.48	-0.21		-0.35	-0.58	-0.43	MAR
MELI	0.55	0.58	0.31	0.37	0.57	0.62	-0.35		0.22	0.51	MELI
CMG	0.76	0.55	0.33	0.54	0.73	0.36	-0.58	0.22		0.57	CMG
CVNA	0.62	0.75	0.1	0.72	0.73	0.73	-0.43	0.51	0.57		CVNA
	NKE	SE	ABNB	ORLY	RCL	RACE	MAR	MELI	CMG	CVNA

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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

RCL	+ 0.86	NKE
ORLY	+ 0.8	SE
RCL	+ 0.78	SE
RACE	+ 0.77	SE
CMG	+ 0.76	NKE
CVNA	+ 0.75	SE

High negative correlations

CMG	- 0.58	MAR
MAR	- 0.49	SE
MAR	- 0.48	RCL
CVNA	- 0.43	MAR
MAR	- 0.4	NKE
MAR	- 0.36	ORLY

Risk-Adjusted Indicators

There is a big difference between McDonalds Stock performing well and McDonalds 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 McDonalds' 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
NKE	1.29	(0.39)	0.00	(0.15)	0.00	0.00	3.06	(3.18)	10.58
SE	1.68	(0.41)	0.00	(0.23)	0.00	0.00	3.41	(4.16)	14.38
ABNB	1.00	(0.13)	(0.09)	0.00	1.26	(0.98)	2.42	(1.78)	6.90
ORLY	0.94	(0.08)	0.00	(0.32)	0.00	0.00	2.20	(1.85)	5.48
RCL	1.61	(0.44)	0.00	(0.14)	0.00	0.00	3.50	(4.07)	14.57
RACE	1.50	(0.18)	0.00	(0.08)	0.00	0.00	2.83	(2.86)	18.11
MAR	1.19	0.02	0.03	0.14	1.17	(1.39)	3.24	(2.18)	7.09
MELI	1.71	(0.33)	0.00	(0.09)	0.00	0.00	3.81	(6.21)	13.15
CMG	1.43	(0.60)	0.00	(0.32)	0.00	0.00	2.93	(2.62)	21.88
CVNA	2.75	(0.33)	0.00	(0.01)	0.00	0.00	5.53	(6.78)	20.14

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