Starbucks Correlations

SBUX Stock

USD 98.02 0.06 0.06%

The current 90-days correlation between Starbucks and Nike Inc is 0.42 (i.e., Very weak 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

Poor diversification

The correlation between Starbucks and DJI is 0.76 (i.e., Poor 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.

Build AI portfolio with Starbucks Stock

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 manufacturing.

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

Moving together with Starbucks Stock

0.72	BH	Biglari Holdings Earnings Call Today	Pair Corr
0.75	3YU	JIUMAOJIU INTL HLDGS	Pair Corr
0.94	YNGA	Young CoS Brewery	Pair Corr
0.69	MDO0	MCDONALDS CDR	Pair Corr
0.66	MABB	Mitchells Butlers plc	Pair Corr
0.87	BBT	Betr Entertainment	Pair Corr
0.86	CF2	The Cheesecake Factory	Pair Corr
0.64	ROW	Texas Roadhouse	Pair Corr

Moving against Starbucks Stock

0.83	DNUT	Krispy Kreme	Pair Corr
0.79	DKNG	DraftKings Aggressive Push	Pair Corr
0.76	RFG	Retail Food Group	Pair Corr
0.73	IH	Ihuman Inc	Pair Corr
0.72	VENU	Venu Holding	Pair Corr
0.69	EM	Smart Share Global	Pair Corr
0.63	MB	MasterBeef Group Ordinary	Pair Corr
0.52	SG	Sweetgreen	Pair Corr
0.45	HFG0	HELLOFRESH UNSPADS025	Pair Corr
0.89	CHR	Churchill Downs	Pair Corr
0.86	6GI0	ENTAIN PLC UNSPADR1 Earnings Call This Week	Pair Corr
0.65	EMH	pferdewettende AG	Pair Corr
0.45	QSR	Restaurant Brands	Pair Corr
0.42	VSTD	Vestand Symbol Change	Pair Corr
0.39	1QT	AmRest Holdings SE	Pair Corr
0.38	MRU3	Rich Goldman Holdings	Pair Corr
0.86	FLUT	Flutter Entertainment plc	Pair Corr
0.78	WYNN	Wynn Resorts Limited	Pair Corr
0.76	CHA	Chagee Holdings	Pair Corr
0.51	CZR	Caesars Entertainment	Pair Corr
0.45	LIL3	PARADISE ENTERT HD	Pair Corr

Related Correlations Analysis

	NKE	SE	ABNB	ORLY	RCL	RACE	MAR	MELI	CMG	CVNA
NKE		0.15	-0.02	0.13	-0.23	0.01	-0.09	0.1	-0.02	0.18	NKE
SE	0.15		0.14	0.21	-0.72	0.41	-0.68	0.49	-0.32	0.36	SE
ABNB	-0.02	0.14		-0.53	0.04	-0.21	0.01	0.09	0.61	0.62	ABNB
ORLY	0.13	0.21	-0.53		-0.29	-0.09	-0.32	0.42	-0.29	-0.15	ORLY
RCL	-0.23	-0.72	0.04	-0.29		-0.42	0.78	-0.1	0.55	-0.25	RCL
RACE	0.01	0.41	-0.21	-0.09	-0.42		-0.14	-0.32	-0.69	-0.34	RACE
MAR	-0.09	-0.68	0.01	-0.32	0.78	-0.14		-0.3	0.47	-0.45	MAR
MELI	0.1	0.49	0.09	0.42	-0.1	-0.32	-0.3		0.28	0.49	MELI
CMG	-0.02	-0.32	0.61	-0.29	0.55	-0.69	0.47	0.28		0.42	CMG
CVNA	0.18	0.36	0.62	-0.15	-0.25	-0.34	-0.45	0.49	0.42		CVNA
	NKE	SE	ABNB	ORLY	RCL	RACE	MAR	MELI	CMG	CVNA

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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

MAR	+ 0.78	RCL
CVNA	+ 0.62	ABNB
CMG	+ 0.61	ABNB
CMG	+ 0.55	RCL
MELI	+ 0.49	SE
CVNA	+ 0.49	MELI

High negative correlations

RCL	- 0.72	SE
CMG	- 0.69	RACE
MAR	- 0.68	SE
ORLY	- 0.53	ABNB
CVNA	- 0.45	MAR
RACE	- 0.42	RCL

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
NKE	1.69	(0.09)	(0.03)	0.01	2.55	(1.71)	3.88	(3.26)	14.43
SE	2.12	(0.33)	0.00	(0.35)	0.00	0.00	3.94	(4.28)	11.07
ABNB	1.45	0.18	0.08	0.24	1.86	(1.41)	3.63	(3.00)	10.66
ORLY	1.10	(0.11)	0.00	(0.61)	0.00	0.00	2.37	(3.06)	7.92
RCL	2.36	0.13	0.09	0.14	2.18	(2.80)	6.28	(3.95)	24.81
RACE	1.45	(0.09)	0.00	(0.04)	0.00	0.00	2.73	(2.63)	11.16
MAR	1.28	0.13	0.11	0.19	1.14	(1.45)	3.27	(1.71)	10.21
MELI	1.78	(0.20)	0.00	(0.16)	0.00	0.00	3.52	(3.55)	16.92
CMG	1.58	0.15	0.10	0.19	1.58	(1.89)	3.76	(2.90)	10.79
CVNA	3.04	0.03	0.02	0.09	4.50	(2.76)	6.14	(6.16)	26.23

Starbucks Corporate Management

Sandra Stark	Senior Chain	Profile
Angele RobinsonGaylord	Senior Americas	Profile
Ashish Mishra	Deputy VP	Profile
Tathagata Dasgupta	Senior Officer	Profile
Bradley Lerman	Executive Counsel	Profile

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