Wendys Correlations

WEN Stock

USD 11.68 0.24 2.01%

The current 90-days correlation between The Wendys and Dominos Pizza Common is 0.4 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Wendys moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if The Wendys Co moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Wendys Correlation With Market

Good diversification

The correlation between The Wendys Co and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Wendys Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Wendys Stock

0.83	VLCN	Volcon Inc	Pair Corr
0.7	PSGTF	PT Semen Indonesia	Pair Corr
0.85	CVX	Chevron Corp	Pair Corr
0.69	XOM	Exxon Mobil Corp	Pair Corr
0.7	AA	Alcoa Corp	Pair Corr
0.92	MRK	Merck Company Aggressive Push	Pair Corr
0.77	PFE	Pfizer Inc	Pair Corr

Moving against Wendys Stock

0.76	NEM	Newmont Goldcorp Corp	Pair Corr
0.75	BKNG	Booking Holdings	Pair Corr
0.63	BA	Boeing	Pair Corr
0.62	JPM	JPMorgan Chase	Pair Corr
0.56	LIDR	Aeye Inc	Pair Corr
0.5	GE	GE Aerospace	Pair Corr
0.45	T	ATT Inc	Pair Corr
0.44	MCD	McDonalds	Pair Corr
0.43	TRV	The Travelers Companies	Pair Corr
0.4	AMKBY	AP Moeller Maersk	Pair Corr

Related Correlations Analysis

	YUM	DPZ	DRI	PZZA	YUMC	QSR	EAT	JACK	WING	DIN
YUM		-0.27	-0.39	0.44	0.84	0.04	-0.27	0.75	-0.48	0.53	YUM
DPZ	-0.27		0.53	-0.15	-0.44	0.3	0.24	-0.34	0.42	-0.15	DPZ
DRI	-0.39	0.53		0.22	-0.34	0.64	0.67	-0.65	0.73	0.15	DRI
PZZA	0.44	-0.15	0.22		0.38	0.77	0.31	0.2	0.38	0.87	PZZA
YUMC	0.84	-0.44	-0.34	0.38		-0.07	-0.14	0.68	-0.59	0.51	YUMC
QSR	0.04	0.3	0.64	0.77	-0.07		0.4	-0.23	0.76	0.66	QSR
EAT	-0.27	0.24	0.67	0.31	-0.14	0.4		-0.52	0.51	0.26	EAT
JACK	0.75	-0.34	-0.65	0.2	0.68	-0.23	-0.52		-0.71	0.25	JACK
WING	-0.48	0.42	0.73	0.38	-0.59	0.76	0.51	-0.71		0.23	WING
DIN	0.53	-0.15	0.15	0.87	0.51	0.66	0.26	0.25	0.23		DIN
	YUM	DPZ	DRI	PZZA	YUMC	QSR	EAT	JACK	WING	DIN

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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

DIN	+ 0.87	PZZA
YUMC	+ 0.84	YUM
QSR	+ 0.77	PZZA
WING	+ 0.76	QSR
JACK	+ 0.75	YUM
WING	+ 0.73	DRI

High negative correlations

WING	- 0.71	JACK
JACK	- 0.65	DRI
WING	- 0.59	YUMC
JACK	- 0.52	EAT
WING	- 0.48	YUM
YUMC	- 0.44	DPZ

Risk-Adjusted Indicators

There is a big difference between Wendys Stock performing well and Wendys 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 Wendys' 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
YUM	1.02	(0.15)	0.00	1.06	0.00	0.00	2.03	(1.96)	10.49
DPZ	1.40	(0.05)	0.00	0.60	0.00	0.00	2.96	(2.55)	10.77
DRI	1.33	0.19	0.10	0.22	1.59	(1.37)	4.32	(3.14)	10.01
PZZA	2.68	0.25	0.06	0.21	3.63	(2.64)	5.35	(5.45)	19.58
YUMC	1.91	(0.19)	0.00	(0.21)	0.00	0.00	4.51	(5.37)	14.60
QSR	1.26	0.13	0.06	0.21	1.94	(1.26)	2.49	(2.47)	9.54
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
WING	2.68	0.79	0.28	(2.25)	2.07	(2.99)	6.96	(4.29)	17.67
DIN	2.73	0.12	0.04	(0.34)	3.17	(2.94)	5.97	(5.55)	17.44

Wendys Corporate Management

Kevin Vasconi	Chief Officer	Profile
Carlos Ribas	Senior Regions	Profile
Gunther Plosch	Chief Officer	Profile
Deepak Ajmani	U Officer	Profile
Matthew OBrien	Chief Officer	Profile
Abigail Pringle	Chief Development Officer	Profile
Michael Berner	Chief Counsel	Profile

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