Wingstop Correlations

WING Stock

USD 237.29 3.00 1.25%

The current 90-days correlation between Wingstop and Brinker International is 0.5 (i.e., Very weak diversification). The correlation of Wingstop 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.

Wingstop Correlation With Market

Very weak diversification

The correlation between Wingstop and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wingstop and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wingstop. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more detail on how to invest in Wingstop Stock please use our How to Invest in Wingstop guide.

Moving together with Wingstop Stock

0.84	H	Hyatt Hotels	Pair Corr
0.77	SG	Sweetgreen	Pair Corr
0.64	WH	Wyndham Hotels Resorts	Pair Corr
0.7	WW	WW International	Pair Corr
0.82	DNUT	Krispy Kreme	Pair Corr
0.72	BYD	Boyd Gaming	Pair Corr
0.83	CCL	Carnival	Pair Corr
0.69	CHH	Choice Hotels Intern	Pair Corr
0.89	CMG	Chipotle Mexican Grill	Pair Corr
0.71	CSV	Carriage Services	Pair Corr
0.84	CUK	Carnival Plc ADS Earnings Call This Week	Pair Corr
0.78	CZR	Caesars Entertainment	Pair Corr
0.68	DIN	Dine Brands Global	Pair Corr
0.64	EAT	Brinker International	Pair Corr
0.71	FLL	Full House Resorts	Pair Corr
0.62	FUN	Six Flags Entertainment	Pair Corr
0.88	FTDR	Frontdoor	Pair Corr
0.79	IHG	InterContinental Hotels	Pair Corr

Moving against Wingstop Stock

0.43	EJH	E Home Household	Pair Corr
0.4	CDROW	Codere Online Luxembourg	Pair Corr
0.58	MCD	McDonalds Sell-off Trend	Pair Corr
0.54	QSR	Restaurant Brands	Pair Corr
0.45	LNW	Light Wonder	Pair Corr

Related Correlations Analysis

	PZZA	CMG	WEN	DPZ	YUM	DRI	EAT	JACK	MCD	SBUX
PZZA		-0.22	0.7	0.46	0.62	0.2	-0.04	0.13	0.5	0.57	PZZA
CMG	-0.22		-0.02	-0.19	-0.72	-0.28	0.54	0.84	-0.64	0.39	CMG
WEN	0.7	-0.02		0.1	0.32	0.07	0.04	0.34	0.15	0.51	WEN
DPZ	0.46	-0.19	0.1		0.66	0.68	0.38	-0.06	0.69	0.6	DPZ
YUM	0.62	-0.72	0.32	0.66		0.55	-0.22	-0.52	0.93	0.19	YUM
DRI	0.2	-0.28	0.07	0.68	0.55		0.43	-0.31	0.62	0.28	DRI
EAT	-0.04	0.54	0.04	0.38	-0.22	0.43		0.52	-0.17	0.65	EAT
JACK	0.13	0.84	0.34	-0.06	-0.52	-0.31	0.52		-0.51	0.64	JACK
MCD	0.5	-0.64	0.15	0.69	0.93	0.62	-0.17	-0.51		0.17	MCD
SBUX	0.57	0.39	0.51	0.6	0.19	0.28	0.65	0.64	0.17		SBUX
	PZZA	CMG	WEN	DPZ	YUM	DRI	EAT	JACK	MCD	SBUX

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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

MCD	+ 0.93	YUM
JACK	+ 0.84	CMG
WEN	+ 0.7	PZZA
MCD	+ 0.69	DPZ
DRI	+ 0.68	DPZ
YUM	+ 0.66	DPZ

High negative correlations

YUM	- 0.72	CMG
MCD	- 0.64	CMG
JACK	- 0.52	YUM
MCD	- 0.51	JACK
JACK	- 0.31	DRI
DRI	- 0.28	CMG

Risk-Adjusted Indicators

There is a big difference between Wingstop Stock performing well and Wingstop 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 Wingstop'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
PZZA	3.11	(0.33)	0.00	0.86	0.00	0.00	5.55	(6.97)	29.81
CMG	1.73	(0.24)	0.00	1.08	0.00	0.00	2.82	(3.75)	8.54
WEN	1.50	(0.19)	0.00	(0.36)	0.00	0.00	3.79	(3.45)	10.60
DPZ	1.71	0.27	0.13	0.23	2.05	(1.92)	3.48	(3.02)	12.17
YUM	1.25	0.25	0.14	0.37	1.81	(1.38)	2.61	(2.45)	18.16
DRI	1.42	0.18	0.10	0.13	1.80	(1.38)	4.32	(3.14)	10.01
EAT	3.05	0.28	0.06	0.10	3.85	(3.22)	6.45	(5.78)	26.95
JACK	2.78	(0.50)	0.00	(0.50)	0.00	0.00	4.17	(6.90)	21.64
MCD	1.03	0.14	0.13	0.32	1.41	(1.09)	2.17	(2.08)	10.50
SBUX	1.69	0.03	0.00	(0.06)	0.00	0.00	2.25	(5.02)	19.35

Wingstop Corporate Management

Craig Sherwood	SVP Development	Profile
Bradley T	Strategy SVP	Profile
Kevin Fish	Senior Digital	Profile
Raj Kapoor	Senior International	Profile
Alex Kaleida	CFO VP	Profile
Anne Fischer	Senior Officer	Profile

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