Wingstop Correlations

WING Stock

USD 358.14 22.86 6.00%

The current 90-days correlation between Wingstop and Dominos Pizza Common is 0.37 (i.e., 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 0.52 (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.

Build AI portfolio with Wingstop Stock

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

0.68	HD	Home Depot	Pair Corr
0.71	AMKBY	AP Moeller Maersk	Pair Corr
0.92	BKNG	Booking Holdings	Pair Corr
0.71	LIDR	Aeye Inc	Pair Corr
0.78	CSCO	Cisco Systems	Pair Corr
0.85	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.67	TRV	The Travelers Companies	Pair Corr
0.91	GE	GE Aerospace	Pair Corr
0.83	IBM	International Business	Pair Corr
0.89	BA	Boeing	Pair Corr
0.71	BAC	Bank of America	Pair Corr

Moving against Wingstop Stock

0.82	VLCN	Volcon Inc	Pair Corr
0.59	BRK-A	Berkshire Hathaway	Pair Corr
0.59	MRK	Merck Company Aggressive Push	Pair Corr
0.42	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.4	CVX	Chevron Corp	Pair Corr
0.38	PSGTF	PT Semen Indonesia	Pair Corr

Related Correlations Analysis

	PZZA	CMG	WEN	DPZ	YUM	DRI	EAT	JACK	MCD	SBUX
PZZA		0.36	0.11	-0.27	0.29	0.39	0.46	0.01	-0.24	0.63	PZZA
CMG	0.36		-0.29	0.42	0.04	0.56	0.31	-0.24	0.39	0.13	CMG
WEN	0.11	-0.29		-0.56	0.86	-0.58	-0.39	0.84	-0.39	0.77	WEN
DPZ	-0.27	0.42	-0.56		-0.3	0.49	0.16	-0.43	0.8	-0.5	DPZ
YUM	0.29	0.04	0.86	-0.3		-0.32	-0.33	0.75	-0.1	0.79	YUM
DRI	0.39	0.56	-0.58	0.49	-0.32		0.78	-0.67	0.42	-0.09	DRI
EAT	0.46	0.31	-0.39	0.16	-0.33	0.78		-0.61	0.12	0.08	EAT
JACK	0.01	-0.24	0.84	-0.43	0.75	-0.67	-0.61		-0.29	0.58	JACK
MCD	-0.24	0.39	-0.39	0.8	-0.1	0.42	0.12	-0.29		-0.39	MCD
SBUX	0.63	0.13	0.77	-0.5	0.79	-0.09	0.08	0.58	-0.39		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

YUM	+ 0.86	WEN
JACK	+ 0.84	WEN
MCD	+ 0.8	DPZ
SBUX	+ 0.79	YUM
EAT	+ 0.78	DRI
SBUX	+ 0.77	WEN

High negative correlations

JACK	- 0.67	DRI
JACK	- 0.61	EAT
DRI	- 0.58	WEN
DPZ	- 0.56	WEN
SBUX	- 0.5	DPZ
JACK	- 0.43	DPZ

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	2.76	0.13	0.03	0.14	3.73	(2.70)	7.27	(5.45)	20.53
CMG	1.66	0.04	0.02	0.07	1.88	(1.98)	3.52	(3.40)	14.17
WEN	1.53	(0.46)	0.00	(0.55)	0.00	0.00	2.94	(5.12)	10.88
DPZ	1.34	0.01	0.00	0.05	1.72	(1.39)	2.96	(2.55)	10.77
YUM	0.99	(0.16)	0.00	(0.25)	0.00	0.00	1.86	(1.95)	10.47
DRI	1.34	0.15	0.08	0.21	1.60	(1.37)	4.32	(3.14)	10.01
EAT	2.85	0.36	0.08	0.32	4.36	(2.76)	6.29	(5.78)	24.87
JACK	3.08	(0.81)	0.00	2.26	0.00	0.00	6.31	(7.49)	21.52
MCD	0.95	(0.08)	0.00	(0.20)	0.00	0.00	2.15	(1.88)	7.88
SBUX	1.97	(0.10)	0.00	(0.03)	0.00	0.00	3.27	(4.60)	16.95

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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