Shake Shack Correlations

SHAK Stock

USD 88.78 1.79 1.98%

The current 90-days correlation between Shake Shack and Hilton Grand Vacations is 0.21 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Shake Shack moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shake Shack moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Shake Shack Correlation With Market

Average diversification

The correlation between Shake Shack and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Shake Shack and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Shake Stock

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

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

Moving together with Shake Stock

0.68	BH	Biglari Holdings	Pair Corr
0.63	CVX	Chevron Corp Earnings Call This Week	Pair Corr

Moving against Shake Stock

0.72	MCRI	Monarch Casino Resort	Pair Corr
0.66	AAPL	Apple Inc Earnings Call This Week	Pair Corr
0.38	MCD	McDonalds	Pair Corr
0.37	SGHC	SGHC Limited	Pair Corr
0.34	BAC	Bank of America	Pair Corr

Related Correlations Analysis

	HGV	SON	PII	SKY	TNL	ASO	CAKE	MHO	RUSHA	PVH
HGV		0.74	0.84	0.58	0.84	0.86	0.87	0.5	0.76	-0.46	HGV
SON	0.74		0.65	0.83	0.8	0.82	0.75	0.51	0.88	-0.8	SON
PII	0.84	0.65		0.56	0.72	0.86	0.75	0.54	0.75	-0.36	PII
SKY	0.58	0.83	0.56		0.77	0.69	0.5	0.62	0.85	-0.61	SKY
TNL	0.84	0.8	0.72	0.77		0.84	0.58	0.45	0.83	-0.61	TNL
ASO	0.86	0.82	0.86	0.69	0.84		0.76	0.53	0.9	-0.59	ASO
CAKE	0.87	0.75	0.75	0.5	0.58	0.76		0.4	0.69	-0.51	CAKE
MHO	0.5	0.51	0.54	0.62	0.45	0.53	0.4		0.59	-0.04	MHO
RUSHA	0.76	0.88	0.75	0.85	0.83	0.9	0.69	0.59		-0.69	RUSHA
PVH	-0.46	-0.8	-0.36	-0.61	-0.61	-0.59	-0.51	-0.04	-0.69		PVH
	HGV	SON	PII	SKY	TNL	ASO	CAKE	MHO	RUSHA	PVH

Please upgrade your account to get full access to Macroaxis premium features

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

RUSHA	+ 0.9	ASO
RUSHA	+ 0.88	SON
CAKE	+ 0.87	HGV
ASO	+ 0.86	HGV
ASO	+ 0.86	PII
RUSHA	+ 0.85	SKY

High negative correlations

PVH	- 0.8	SON
PVH	- 0.69	RUSHA
PVH	- 0.61	TNL
PVH	- 0.61	SKY
PVH	- 0.59	ASO
PVH	- 0.51	CAKE

Risk-Adjusted Indicators

There is a big difference between Shake Stock performing well and Shake Shack 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 Shake Shack'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
HGV	1.71	(0.04)	0.00	0.05	2.18	(1.70)	3.97	(3.18)	11.93
SON	1.09	0.24	0.17	0.46	1.01	(1.25)	3.18	(2.07)	6.16
PII	1.69	(0.04)	0.00	0.05	1.83	(1.89)	4.36	(2.60)	9.40
SKY	1.94	0.27	0.11	0.52	2.08	(2.31)	4.86	(3.89)	14.49
TNL	1.53	0.17	0.09	0.22	1.68	(1.64)	3.13	(2.85)	22.04
ASO	2.32	0.05	0.04	0.10	2.24	(2.65)	4.95	(3.51)	12.70
CAKE	1.81	0.10	0.03	0.23	2.28	(1.86)	4.01	(2.82)	9.56
MHO	1.47	(0.15)	0.00	(0.04)	0.00	0.00	4.51	(3.54)	10.17
RUSHA	1.33	0.24	0.14	0.27	1.43	(1.46)	3.25	(2.49)	10.82
PVH	1.99	(0.58)	0.00	(0.23)	0.00	0.00	3.87	(4.38)	17.23

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

2026 Macroaxis LLC