Darden Restaurants Correlations

DRI Stock

USD 164.56 1.97 1.21%

The current 90-days correlation between Darden Restaurants and Yum China Holdings is 0.05 (i.e., Significant diversification). The correlation of Darden Restaurants 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.

Darden Restaurants Correlation With Market

Very weak diversification

The correlation between Darden Restaurants and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Darden Restaurants and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Darden Restaurants. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

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

Moving together with Darden Stock

0.69	BYD	Boyd Gaming	Pair Corr
0.65	KRUS	Kura Sushi USA	Pair Corr
0.67	PRKS	United Parks Resorts Symbol Change	Pair Corr
0.61	DENN	Dennys Corp	Pair Corr
0.62	BC	Brunswick	Pair Corr

Moving against Darden Stock

0.62	PNST	Pinstripes Holdings Symbol Change	Pair Corr
0.57	ARKR	Ark Restaurants Corp	Pair Corr
0.46	MOND	Mondee Holdings	Pair Corr
0.39	EJH	E Home Household	Pair Corr
0.58	DOOO	BRP Inc Earnings Call This Week	Pair Corr
0.58	EDTK	Skillful Craftsman	Pair Corr
0.5	FEDU	Four Seasons Education	Pair Corr

Related Correlations Analysis

	DIN	BLMN	BJRI	RUTH	CAKE	YUMC	WEN	DPZ	QSR	EAT
DIN		-0.34	0.53	0.31	0.69	0.53	0.25	0.73	0.01	0.55	DIN
BLMN	-0.34		-0.39	-0.54	-0.61	-0.61	-0.26	-0.52	0.19	-0.77	BLMN
BJRI	0.53	-0.39		0.79	0.8	0.71	0.82	0.53	0.31	0.78	BJRI
RUTH	0.31	-0.54	0.79		0.72	0.62	0.82	0.52	0.11	0.82	RUTH
CAKE	0.69	-0.61	0.8	0.72		0.71	0.62	0.71	-0.09	0.94	CAKE
YUMC	0.53	-0.61	0.71	0.62	0.71		0.66	0.62	0.28	0.75	YUMC
WEN	0.25	-0.26	0.82	0.82	0.62	0.66		0.42	0.28	0.69	WEN
DPZ	0.73	-0.52	0.53	0.52	0.71	0.62	0.42		0.07	0.7	DPZ
QSR	0.01	0.19	0.31	0.11	-0.09	0.28	0.28	0.07		-0.1	QSR
EAT	0.55	-0.77	0.78	0.82	0.94	0.75	0.69	0.7	-0.1		EAT
	DIN	BLMN	BJRI	RUTH	CAKE	YUMC	WEN	DPZ	QSR	EAT

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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

EAT	+ 0.94	CAKE
WEN	+ 0.82	BJRI
WEN	+ 0.82	RUTH
EAT	+ 0.82	RUTH
CAKE	+ 0.8	BJRI
RUTH	+ 0.79	BJRI

High negative correlations

EAT	- 0.77	BLMN
YUMC	- 0.61	BLMN
CAKE	- 0.61	BLMN
RUTH	- 0.54	BLMN
DPZ	- 0.52	BLMN
BJRI	- 0.39	BLMN

Risk-Adjusted Indicators

There is a big difference between Darden Stock performing well and Darden Restaurants 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 Darden Restaurants' 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
DIN	2.55	(0.14)	(0.01)	0.02	2.83	(2.86)	4.47	(4.50)	19.97
BLMN	2.13	(0.61)	0.00	(0.29)	0.00	0.00	3.57	(4.86)	17.72
BJRI	1.99	0.06	0.04	0.12	2.24	(2.30)	4.05	(2.64)	13.19
RUTH	1.40	0.37	0.20	0.61	0.94	(1.83)	1.75	(2.63)	34.37
CAKE	1.79	0.22	0.13	0.25	1.63	(2.16)	5.11	(3.10)	13.08
YUMC	1.90	0.52	0.24	0.75	1.62	(2.29)	7.17	(3.47)	20.82
WEN	1.39	0.02	0.01	0.11	1.81	(1.43)	3.27	(2.45)	10.31
DPZ	1.16	(0.04)	(0.03)	0.05	1.31	(1.33)	2.92	(2.57)	7.92
QSR	0.97	(0.07)	0.00	(0.08)	0.00	0.00	2.06	(2.06)	6.17
EAT	1.90	0.86	0.49	0.71	1.23	(2.43)	5.04	(2.48)	11.91

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