Dutch Bros Correlations

BROS Stock

USD 54.39 3.08 5.36%

The current 90-days correlation between Dutch Bros and MGM Resorts International is 0.45 (i.e., Very weak diversification). The correlation of Dutch Bros 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.

Dutch Bros Correlation With Market

Poor diversification

The correlation between Dutch Bros and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dutch Bros and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Dutch Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Dutch Bros. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.

For more information on how to buy Dutch Stock please use our How to Invest in Dutch Bros guide.

Moving together with Dutch Stock

0.87	XPOF	Xponential Fitness	Pair Corr
0.66	BJRI	BJs Restaurants	Pair Corr
0.79	ACN	Accenture plc	Pair Corr
0.71	ADHI	Arsenal Digital Holdings	Pair Corr
0.74	FNCHF	FINEOSHoldings Plc	Pair Corr

Moving against Dutch Stock

0.69	ATMV	ATMV Old Symbol Change	Pair Corr
0.57	ODC	Oil Dri	Pair Corr
0.5	VFSWW	VinFast Auto	Pair Corr
0.49	VENU	Venu Holding	Pair Corr
0.45	AMBC	AMBC Old Symbol Change	Pair Corr
0.42	ELUT	Elutia Inc	Pair Corr

Related Correlations Analysis

	MGM	TXRH	VIPS	FIVE	GIL	GAP	ALV	BWA	MMYT	CAVA
MGM		0.1	0.32	0.6	0.42	0.68	0.26	0.21	0.31	0.27	MGM
TXRH	0.1		-0.53	0.69	0.71	0.6	0.74	0.72	-0.36	0.79	TXRH
VIPS	0.32	-0.53		-0.41	-0.52	0.04	-0.41	-0.55	0.17	-0.57	VIPS
FIVE	0.6	0.69	-0.41		0.84	0.76	0.73	0.77	0.02	0.85	FIVE
GIL	0.42	0.71	-0.52	0.84		0.62	0.69	0.79	-0.06	0.8	GIL
GAP	0.68	0.6	0.04	0.76	0.62		0.57	0.49	-0.18	0.55	GAP
ALV	0.26	0.74	-0.41	0.73	0.69	0.57		0.94	-0.29	0.69	ALV
BWA	0.21	0.72	-0.55	0.77	0.79	0.49	0.94		-0.15	0.76	BWA
MMYT	0.31	-0.36	0.17	0.02	-0.06	-0.18	-0.29	-0.15		0.02	MMYT
CAVA	0.27	0.79	-0.57	0.85	0.8	0.55	0.69	0.76	0.02		CAVA
	MGM	TXRH	VIPS	FIVE	GIL	GAP	ALV	BWA	MMYT	CAVA

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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

BWA	+ 0.94	ALV
CAVA	+ 0.85	FIVE
GIL	+ 0.84	FIVE
CAVA	+ 0.8	GIL
CAVA	+ 0.79	TXRH
BWA	+ 0.79	GIL

High negative correlations

CAVA	- 0.57	VIPS
BWA	- 0.55	VIPS
VIPS	- 0.53	TXRH
GIL	- 0.52	VIPS
ALV	- 0.41	VIPS
FIVE	- 0.41	VIPS

Risk-Adjusted Indicators

There is a big difference between Dutch Stock performing well and Dutch Bros 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 Dutch Bros' 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
MGM	1.49	(0.04)	(0.01)	0.02	1.73	(1.62)	3.65	(2.92)	10.35
TXRH	1.38	0.05	0.02	0.14	1.51	(1.61)	2.78	(2.47)	8.07
VIPS	1.54	(0.09)	0.00	(0.11)	0.00	0.00	3.00	(3.66)	13.81
FIVE	1.43	0.25	0.12	2.27	1.51	(1.57)	3.23	(2.78)	6.89
GIL	1.42	0.10	0.06	0.15	1.48	(1.66)	3.72	(2.65)	8.74
GAP	2.00	0.25	0.12	0.71	1.68	(2.47)	6.37	(2.84)	12.19
ALV	1.07	0.08	0.07	0.12	1.27	(1.08)	2.85	(2.47)	6.91
BWA	1.23	0.11	0.07	0.14	1.55	(1.34)	3.51	(2.90)	8.11
MMYT	2.04	(0.53)	0.00	(3.46)	0.00	0.00	3.14	(5.21)	18.31
CAVA	2.47	(0.06)	(0.01)	0.02	3.38	(2.51)	4.84	(4.33)	17.91

Dutch Bros Corporate Management

Venki Krishnababu	Chief Officer	Profile
Charley Jemley	Chief Officer	Profile
Leigh Gower	Chief Officer	Profile
Christine Schmidt	Chief Officer	Profile
Joshua Guenser	Chief Officer	Profile
Jonathan Ricci	Pres CEO	Profile

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