Starbucks Correlations

SBUX Stock

USD 112.55 0.16 0.14%

The current 90-days correlation between Starbucks and Chipotle Mexican Grill is 0.12 (i.e., Average diversification). The correlation of Starbucks 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.

Starbucks Correlation With Market

Average diversification

The correlation between Starbucks and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Starbucks and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Starbucks. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

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

Moving together with Starbucks Stock

0.7	PRDO	Perdoceo Education Corp Earnings Call This Week	Pair Corr
0.79	EC	Ecopetrol SA ADR	Pair Corr
0.89	MMSI	Merit Medical Systems	Pair Corr
0.77	COST	Costco Wholesale Corp	Pair Corr
0.63	PLTR	Palantir Technologies Aggressive Push	Pair Corr
0.64	WMT	Walmart Earnings Call This Week	Pair Corr
0.66	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.76	IBM	International Business	Pair Corr
0.66	KO	Coca Cola Aggressive Push	Pair Corr

Moving against Starbucks Stock

0.69	GME	GameStop Corp Aggressive Push	Pair Corr
0.58	VSCO	Victorias Secret	Pair Corr
0.48	HVT	Heavitree Brewery Earnings Call Tomorrow	Pair Corr
0.47	VFS	VinFast Auto Earnings Call This Week	Pair Corr
0.42	AXL	American Axle Manufa Buyout Trend	Pair Corr

Related Correlations Analysis

	CMG	DPZ	YUM	WEN	MCD	WING	SHAK	PZZA	DRI
CMG		0.26	0.3	0.67	0.33	0.47	0.74	0.47	-0.58	CMG
DPZ	0.26		0.8	0.17	0.67	0.61	-0.14	0.54	0.03	DPZ
YUM	0.3	0.8		0.21	0.9	0.51	-0.09	0.54	0.01	YUM
WEN	0.67	0.17	0.21		0.2	0.75	0.66	0.78	-0.82	WEN
MCD	0.33	0.67	0.9	0.2		0.47	-0.02	0.54	-0.02	MCD
WING	0.47	0.61	0.51	0.75	0.47		0.27	0.89	-0.54	WING
SHAK	0.74	-0.14	-0.09	0.66	-0.02	0.27		0.33	-0.54	SHAK
PZZA	0.47	0.54	0.54	0.78	0.54	0.89	0.33		-0.62	PZZA
DRI	-0.58	0.03	0.01	-0.82	-0.02	-0.54	-0.54	-0.62		DRI
	CMG	DPZ	YUM	WEN	MCD	WING	SHAK	PZZA	DRI

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

MCD	+ 0.9	YUM
PZZA	+ 0.89	WING
YUM	+ 0.8	DPZ
PZZA	+ 0.78	WEN
WING	+ 0.75	WEN
SHAK	+ 0.74	CMG

High negative correlations

DRI	- 0.82	WEN
DRI	- 0.62	PZZA
DRI	- 0.58	CMG
DRI	- 0.54	SHAK
DRI	- 0.54	WING
SHAK	- 0.14	DPZ

Risk-Adjusted Indicators

There is a big difference between Starbucks Stock performing well and Starbucks 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 Starbucks' 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
CMG	1.27	(0.04)	0.00	(0.10)	0.00	0.00	2.82	(2.45)	9.43
DPZ	1.41	0.07	0.04	0.09	1.53	(1.74)	3.48	(3.02)	7.78
YUM	1.00	0.12	0.10	0.29	1.14	(1.13)	1.53	(2.30)	10.73
WEN	1.04	(0.45)	0.00	(1.22)	0.00	0.00	1.44	(2.95)	6.67
MCD	0.74	0.05	0.06	0.14	0.77	(0.83)	1.91	(1.53)	5.64
WING	1.63	(0.15)	0.00	(0.19)	0.00	0.00	2.96	(3.40)	9.82
SHAK	1.68	(0.28)	0.00	(0.38)	0.00	0.00	3.54	(3.30)	10.54
PZZA	2.51	(0.09)	0.00	(0.06)	0.00	0.00	5.40	(4.87)	11.04
DRI	1.23	0.22	0.18	0.21	1.05	(1.52)	2.61	(2.00)	16.74

Starbucks Corporate Management

Ashish Mishra	Deputy VP	Profile
Bradley Lerman	Executive Counsel	Profile
Aranthan II	Executive Affairs	Profile
Michael Conway	Group Development	Profile
Andy Adams	Senior Development	Profile
Brady Brewer	Chief International	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC