Sweetgreen Correlations

SG Stock

USD 6.96 0.03 0.43%

The current 90-days correlation between Sweetgreen and BJs Restaurants is 0.35 (i.e., Weak diversification). The correlation of Sweetgreen 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.

Sweetgreen Correlation With Market

Average diversification

The correlation between Sweetgreen 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 Sweetgreen and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Sweetgreen Stock

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

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

Moving together with Sweetgreen Stock

0.81	CDROW	Codere Online Luxembourg	Pair Corr
0.66	CZR	Caesars Entertainment	Pair Corr
0.61	RSI	Rush Street Interactive	Pair Corr
0.63	PENN	Penn National Gaming	Pair Corr
0.61	AGAE	Allied Gaming Entert	Pair Corr
0.63	SBET	Sharplink Gaming Aggressive Push	Pair Corr
0.65	BA	Boeing	Pair Corr

Moving against Sweetgreen Stock

0.59	IBM	International Business	Pair Corr
0.58	KO	Coca Cola	Pair Corr
0.58	DD	Dupont De Nemours	Pair Corr
0.54	CAT	Caterpillar	Pair Corr
0.48	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.37	BAC	Bank of America	Pair Corr
0.32	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	BJRI	CBRL	KRUS	BALY	BLMN	SES	HOV	SABR	AXL	CNNE
BJRI		-0.86	-0.44	0.29	-0.54	-0.62	-0.69	-0.68	0.62	-0.77	BJRI
CBRL	-0.86		0.63	-0.41	0.74	0.67	0.65	0.5	-0.61	0.88	CBRL
KRUS	-0.44	0.63		-0.27	0.75	0.64	0.25	0.45	-0.35	0.78	KRUS
BALY	0.29	-0.41	-0.27		-0.22	-0.6	0.06	0.12	0.77	-0.27	BALY
BLMN	-0.54	0.74	0.75	-0.22		0.6	0.57	0.52	-0.28	0.82	BLMN
SES	-0.62	0.67	0.64	-0.6	0.6		0.36	0.57	-0.72	0.73	SES
HOV	-0.69	0.65	0.25	0.06	0.57	0.36		0.65	-0.2	0.57	HOV
SABR	-0.68	0.5	0.45	0.12	0.52	0.57	0.65		-0.25	0.63	SABR
AXL	0.62	-0.61	-0.35	0.77	-0.28	-0.72	-0.2	-0.25		-0.46	AXL
CNNE	-0.77	0.88	0.78	-0.27	0.82	0.73	0.57	0.63	-0.46		CNNE
	BJRI	CBRL	KRUS	BALY	BLMN	SES	HOV	SABR	AXL	CNNE

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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

CNNE	+ 0.88	CBRL
CNNE	+ 0.82	BLMN
CNNE	+ 0.78	KRUS
AXL	+ 0.77	BALY
BLMN	+ 0.75	KRUS
BLMN	+ 0.74	CBRL

High negative correlations

CBRL	- 0.86	BJRI
CNNE	- 0.77	BJRI
AXL	- 0.72	SES
HOV	- 0.69	BJRI
SABR	- 0.68	BJRI
SES	- 0.62	BJRI

Risk-Adjusted Indicators

There is a big difference between Sweetgreen Stock performing well and Sweetgreen 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 Sweetgreen'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
BJRI	2.13	0.38	0.18	0.29	1.93	(2.41)	5.59	(3.52)	21.89
CBRL	2.29	(0.81)	0.00	(0.45)	0.00	0.00	3.52	(5.49)	11.95
KRUS	3.11	(0.04)	(0.01)	0.02	3.79	(3.53)	6.25	(5.64)	21.12
BALY	3.86	0.45	0.10	0.82	4.05	(4.30)	8.41	(7.04)	25.70
BLMN	2.80	(0.25)	0.00	(0.04)	0.00	0.00	5.37	(6.35)	17.40
SES	5.53	0.28	0.07	0.16	5.61	(6.60)	14.50	(10.36)	31.11
HOV	2.50	(0.54)	0.00	(0.14)	0.00	0.00	5.45	(5.41)	34.59
SABR	2.11	(0.37)	0.00	5.14	0.00	0.00	4.51	(5.33)	24.58
AXL	2.35	0.01	0.03	0.08	2.86	(2.45)	4.49	(5.80)	12.66
CNNE	1.34	(0.24)	0.00	(0.21)	0.00	0.00	2.57	(2.76)	12.76

Sweetgreen Corporate Management

Rossann Williams	Chief Officer	Profile
Chad Brauze	Head Culinary	Profile
Rebecca Nounou	Head Relations	Profile
Jason Cochran	Chief Officer	Profile
Jamie McConnell	Chief Officer	Profile
Daniel Shlossman	Chief Officer	Profile
Christopher Tarrant	Senior Officer	Profile

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