Wingstop Correlations

WING Stock

USD 276.31 5.58 2.06%

The current 90-days correlation between Wingstop and CAVA Group is 0.5 (i.e., Very weak diversification). The correlation of Wingstop 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.

Wingstop Correlation With Market

Modest diversification

The correlation between Wingstop and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wingstop and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Wingstop Stock

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wingstop. 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 detail on how to invest in Wingstop Stock please use our How to Invest in Wingstop guide.

Moving together with Wingstop Stock

0.67	SG	Sweetgreen	Pair Corr
0.63	BYD	Boyd Gaming	Pair Corr
0.66	CZR	Caesars Entertainment	Pair Corr
0.64	DIN	Dine Brands Global	Pair Corr
0.65	DRI	Darden Restaurants	Pair Corr
0.72	EAT	Brinker International Downward Rally	Pair Corr

Moving against Wingstop Stock

0.51	EM	Smart Share Global	Pair Corr
0.43	IH	Ihuman Inc	Pair Corr
0.33	VARE	Various Eateries PLC	Pair Corr
0.42	ODD	Odd Burger Corp	Pair Corr
0.41	FATBB	FAT Brands	Pair Corr
0.34	FAT	FAT Brands	Pair Corr

Related Correlations Analysis

	CAVA	ETSY	BFAM	EAT	BOOT	ATAT	MAT	LNW	FND	LEA
CAVA		0.57	-0.02	0.53	0.28	-0.04	0.26	0.75	0.84	0.46	CAVA
ETSY	0.57		-0.16	-0.25	0.04	-0.42	-0.46	0.57	0.7	-0.33	ETSY
BFAM	-0.02	-0.16		0.21	0.26	0.41	0.21	-0.22	-0.12	0.14	BFAM
EAT	0.53	-0.25	0.21		0.37	0.24	0.79	0.14	0.38	0.68	EAT
BOOT	0.28	0.04	0.26	0.37		0.46	0.47	-0.22	0.34	0.23	BOOT
ATAT	-0.04	-0.42	0.41	0.24	0.46		0.45	-0.3	-0.3	0.46	ATAT
MAT	0.26	-0.46	0.21	0.79	0.47	0.45		-0.03	0.14	0.76	MAT
LNW	0.75	0.57	-0.22	0.14	-0.22	-0.3	-0.03		0.64	0.35	LNW
FND	0.84	0.7	-0.12	0.38	0.34	-0.3	0.14	0.64		0.13	FND
LEA	0.46	-0.33	0.14	0.68	0.23	0.46	0.76	0.35	0.13		LEA
	CAVA	ETSY	BFAM	EAT	BOOT	ATAT	MAT	LNW	FND	LEA

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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

FND	+ 0.84	CAVA
MAT	+ 0.79	EAT
LEA	+ 0.76	MAT
LNW	+ 0.75	CAVA
FND	+ 0.7	ETSY
LEA	+ 0.68	EAT

High negative correlations

MAT	- 0.46	ETSY
ATAT	- 0.42	ETSY
LEA	- 0.33	ETSY
FND	- 0.3	ATAT
LNW	- 0.3	ATAT
EAT	- 0.25	ETSY

Risk-Adjusted Indicators

There is a big difference between Wingstop Stock performing well and Wingstop 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 Wingstop'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
CAVA	2.43	0.03	0.04	0.11	2.91	(2.79)	5.11	(4.21)	16.56
ETSY	2.19	(0.37)	0.00	(0.10)	0.00	0.00	3.69	(5.03)	15.04
BFAM	1.64	(0.07)	(0.05)	(0.01)	2.01	(1.81)	3.48	(3.15)	23.49
EAT	2.29	0.21	0.08	0.28	2.50	(2.58)	6.16	(4.67)	12.14
BOOT	2.03	(0.05)	0.01	0.07	2.15	(2.22)	4.65	(3.47)	10.34
ATAT	2.03	(0.01)	0.00	0.08	2.44	(2.08)	5.36	(3.79)	11.35
MAT	1.70	0.14	0.08	0.20	1.88	(1.83)	3.98	(3.26)	8.61
LNW	1.62	0.25	0.08	(2.40)	1.62	(1.76)	3.55	(2.94)	14.31
FND	2.00	(0.04)	0.02	0.07	2.52	(1.98)	4.11	(4.20)	9.64
LEA	1.32	0.19	0.14	0.24	1.22	(1.50)	3.50	(2.18)	7.31

Wingstop Corporate Management

Craig Sherwood	SVP Development	Profile
Bradley T	Strategy SVP	Profile
Kevin Fish	Senior Digital	Profile
Raj Kapoor	Senior International	Profile
Alex Kaleida	CFO VP	Profile
Anne Fischer	Senior Officer	Profile

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