Dominos Pizza Correlations

DPZ Stock

USD 460.03 5.88 1.26%

The current 90-days correlation between Dominos Pizza Common and Brinker International is 0.38 (i.e., Weak diversification). The correlation of Dominos Pizza 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.

Dominos Pizza Correlation With Market

Good diversification

The correlation between Dominos Pizza Common and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dominos Pizza Common and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Dominos Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dominos Pizza Common. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Dominos Stock

0.75	MCD	McDonalds	Pair Corr
0.63	BKNG	Booking Holdings	Pair Corr
0.69	LIDR	Aeye Inc	Pair Corr
0.62	JPM	JPMorgan Chase	Pair Corr

Moving against Dominos Stock

0.49	MRK	Merck Company Aggressive Push	Pair Corr
0.46	PSGTF	PT Semen Indonesia	Pair Corr
0.43	VLCN	Volcon Inc	Pair Corr
0.41	CVX	Chevron Corp	Pair Corr
0.32	AA	Alcoa Corp	Pair Corr
0.31	PFE	Pfizer Inc	Pair Corr

Related Correlations Analysis

	EAT	JACK	WEN	WING	YUMC	DRI	QSR	SHAK	PZZA	CMG
EAT		-0.52	-0.32	0.51	-0.14	0.67	0.4	0.62	0.31	0.22	EAT
JACK	-0.52		0.82	-0.71	0.68	-0.65	-0.23	-0.54	0.2	0.01	JACK
WEN	-0.32	0.82		-0.74	0.88	-0.6	-0.27	-0.59	0.25	-0.11	WEN
WING	0.51	-0.71	-0.74		-0.59	0.73	0.76	0.93	0.38	0.46	WING
YUMC	-0.14	0.68	0.88	-0.59		-0.34	-0.07	-0.38	0.38	-0.06	YUMC
DRI	0.67	-0.65	-0.6	0.73	-0.34		0.64	0.75	0.22	0.29	DRI
QSR	0.4	-0.23	-0.27	0.76	-0.07	0.64		0.87	0.77	0.52	QSR
SHAK	0.62	-0.54	-0.59	0.93	-0.38	0.75	0.87		0.57	0.53	SHAK
PZZA	0.31	0.2	0.25	0.38	0.38	0.22	0.77	0.57		0.38	PZZA
CMG	0.22	0.01	-0.11	0.46	-0.06	0.29	0.52	0.53	0.38		CMG
	EAT	JACK	WEN	WING	YUMC	DRI	QSR	SHAK	PZZA	CMG

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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

SHAK	+ 0.93	WING
YUMC	+ 0.88	WEN
SHAK	+ 0.87	QSR
WEN	+ 0.82	JACK
PZZA	+ 0.77	QSR
QSR	+ 0.76	WING

High negative correlations

WING	- 0.74	WEN
WING	- 0.71	JACK
DRI	- 0.65	JACK
DRI	- 0.6	WEN
YUMC	- 0.59	WING
SHAK	- 0.59	WEN

Risk-Adjusted Indicators

There is a big difference between Dominos Stock performing well and Dominos Pizza 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 Dominos Pizza'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
EAT	2.91	0.23	0.05	(0.93)	4.48	(2.76)	6.29	(7.13)	24.87
JACK	3.08	(0.72)	0.00	(0.59)	0.00	0.00	5.02	(7.49)	21.52
WEN	1.56	(0.34)	0.00	1.35	0.00	0.00	2.94	(5.12)	10.88
WING	2.68	0.79	0.28	(2.25)	2.07	(2.99)	6.96	(4.29)	17.67
YUMC	1.91	(0.19)	0.00	(0.21)	0.00	0.00	4.51	(5.37)	14.60
DRI	1.33	0.19	0.10	0.22	1.59	(1.37)	4.32	(3.14)	10.01
QSR	1.26	0.13	0.06	0.21	1.94	(1.26)	2.49	(2.47)	9.54
SHAK	2.63	0.44	0.11	(2.69)	3.32	(2.68)	6.38	(5.81)	21.69
PZZA	2.68	0.25	0.06	0.21	3.63	(2.64)	5.35	(5.45)	19.58
CMG	1.68	0.00	0.00	(0.01)	2.03	(1.93)	3.52	(3.73)	14.17

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