| QSR Stock | | | USD 69.61 0.57 0.81% |
The current 90-days correlation between Restaurant Brands and Darden Restaurants is 0.32 (i.e., Weak diversification). The correlation of Restaurant Brands 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.
Restaurant Brands Correlation With Market
Modest diversification
The correlation between Restaurant Brands Internationa and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Restaurant Brands Internationa and DJI in the same portfolio, assuming nothing else is changed.
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