Chipotle Mexican Correlations
| CMG Stock | USD 2,927 11.76 0.40% |
The correlation of Chipotle Mexican 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Chipotle Mexican moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chipotle Mexican Grill moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Modest diversification
The correlation between Chipotle Mexican Grill and NYA is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chipotle Mexican Grill and NYA in the same portfolio, assuming nothing else is changed.
Chipotle |
The ability to find closely correlated positions to Chipotle Mexican could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chipotle Mexican when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Chipotle Mexican - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Chipotle Mexican Grill to buy it.
Moving together with Chipotle Stock
| 0.86 | DPZ | Dominos Pizza Earnings Call This Week | PairCorr |
| 0.8 | HLT | Hilton Worldwide Holdings Buyout Trend | PairCorr |
| 0.71 | YUM | Yum Brands Earnings Call This Week | PairCorr |
| 0.94 | GM | General Motors Sell-off Trend | PairCorr |
| 0.77 | JD | JD Inc Adr Aggressive Push | PairCorr |
| 0.86 | TM | Toyota Motor Financial Report 8th of May 2024 | PairCorr |
| 0.71 | DORM | Dorman Products Financial Report 7th of May 2024 | PairCorr |
| 0.78 | VZIO | Vizio Holding Corp Financial Report 14th of May 2024 | PairCorr |
Moving against Chipotle Stock
| 0.66 | VC | Visteon Corp Earnings Call Today | PairCorr |
| 0.64 | SBUX | Starbucks Earnings Call This Week | PairCorr |
| 0.53 | FL | Foot Locker Financial Report 17th of May 2024 | PairCorr |
| 0.53 | ETSY | Etsy Inc Earnings Call This Week | PairCorr |
| 0.88 | LVWR | LiveWire Group | PairCorr |
Related Correlations Analysis
| 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Chipotle Stock performing well and Chipotle Mexican 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 Chipotle Mexican'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SBUX | 0.81 | (0.15) | 0.00 | (0.15) | 0.00 | 1.34 | 5.85 | |||
| DPZ | 1.15 | 0.10 | 0.07 | 0.19 | 1.25 | 2.14 | 10.39 | |||
| YUM | 0.71 | 0.03 | 0.00 | 0.13 | 0.81 | 1.55 | 4.09 | |||
| WEN | 1.05 | 0.00 | (0.01) | 0.09 | 1.21 | 1.90 | 5.26 | |||
| MCD | 0.74 | (0.17) | 0.00 | (0.21) | 0.00 | 1.54 | 5.72 | |||
| BROS | 1.68 | (0.08) | (0.02) | 0.03 | 2.10 | 4.03 | 11.67 | |||
| PZZA | 1.47 | (0.33) | 0.00 | (0.16) | 0.00 | 2.62 | 7.95 | |||
| WING | 1.82 | 0.36 | 0.13 | 0.46 | 2.10 | 3.68 | 13.23 | |||
| DRI | 0.92 | (0.09) | 0.00 | (0.03) | 0.00 | 1.63 | 9.35 | |||
| SHAK | 2.12 | 0.42 | 0.24 | 0.23 | 1.86 | 4.22 | 31.94 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Chipotle Mexican without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Chipotle Mexican Corporate Directors
Chipotle Mexican corporate directors refer to members of a Chipotle Mexican board of directors. The board of directors generally takes responsibility for the Chipotle Mexican's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Chipotle Mexican's board members must vote for the resolution. The Chipotle Mexican board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Stephen Gillett | Independent Director | Profile | |
| Paul Cappuccio | Independent Director | Profile | |
| Ali Namvar | Independent Director | Profile | |
| Neil Flanzraich | Lead Independent Director | Profile |
Already Invested in Chipotle Mexican Grill?
The danger of trading Chipotle Mexican Grill is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Chipotle Mexican is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Chipotle Mexican. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Chipotle Mexican Grill is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Chipotle Mexican Grill is a strong investment it is important to analyze Chipotle Mexican's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Chipotle Mexican's future performance. For an informed investment choice regarding Chipotle Stock, refer to the following important reports: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chipotle Mexican Grill. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Complementary Tools for Chipotle Stock analysis
When running Chipotle Mexican's price analysis, check to measure Chipotle Mexican's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Chipotle Mexican is operating at the current time. Most of Chipotle Mexican's value examination focuses on studying past and present price action to predict the probability of Chipotle Mexican's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chipotle Mexican's price. Additionally, you may evaluate how the addition of Chipotle Mexican to your portfolios can decrease your overall portfolio volatility.
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Is Chipotle Mexican's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Chipotle Mexican. If investors know Chipotle will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Chipotle Mexican listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.273 | Earnings Share 44.31 | Revenue Per Share 358.253 | Quarterly Revenue Growth 0.154 | Return On Assets 0.1333 |
The market value of Chipotle Mexican Grill is measured differently than its book value, which is the value of Chipotle that is recorded on the company's balance sheet. Investors also form their own opinion of Chipotle Mexican's value that differs from its market value or its book value, called intrinsic value, which is Chipotle Mexican's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Chipotle Mexican's market value can be influenced by many factors that don't directly affect Chipotle Mexican's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Chipotle Mexican's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chipotle Mexican is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chipotle Mexican's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.