Which stocks are most correlated with CAKE?

Based on one year of daily returns, the stocks most correlated with Cheesecake Factory (The) (CAKE) are BJRI (0.58), DRI (0.57) and TXRH (0.54). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with CAKE?

Over the past year, the stocks most inversely correlated with Cheesecake Factory (The) (CAKE) are EMTY (-0.45), SBB (-0.37) and SDD (-0.34). A negative correlation means the two stocks have tended to move in opposite directions.

Cheesecake Factory (The) (CAKE) — Stock Correlations & Overview

Over the past year, CAKE has moved most closely with BJRI, DRI, TXRH. Explore the stocks most correlated and inversely correlated with CAKE below, along with its price, financials, and company profile.

Stocks correlated with CAKE

Correlation of daily returns. Higher positive values move with CAKE; negative values move opposite it. Informational only, not investment advice.

Most correlated with CAKE

Symbol	Company	Correlation
BJRI	BJ's Restaurants, Inc.RETAIL-EATING PLACES	0.58
DRI	Darden Restaurants, Inc.RETAIL-EATING PLACES	0.57
TXRH	Texas Roadhouse, Inc.RETAIL-EATING PLACES	0.54
DIN	Dine Brands Global, Inc.RETAIL-EATING PLACES	0.53
EAT	Brinker International, Inc.RETAIL-EATING PLACES	0.52

Most inversely correlated with CAKE

Symbol	Company	Correlation
EMTY	ProShares Decline of the Retail Store ETF	-0.45
SBB	ProShares Short SmallCap600	-0.37
SDD	ProShares UltraShort SmallCap600	-0.34
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.34
SKRE	Tuttle Capital Daily 2X Inverse Regional Banks ETF	-0.34

Frequently asked questions about CAKE correlations

Which stocks are most correlated with CAKE?: Based on one year of daily returns, the stocks most correlated with Cheesecake Factory (The) (CAKE) are BJRI (0.58), DRI (0.57) and TXRH (0.54). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with CAKE?: Over the past year, the stocks most inversely correlated with Cheesecake Factory (The) (CAKE) are EMTY (-0.45), SBB (-0.37) and SDD (-0.34). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these CAKE correlations calculated?: We compute the correlation of daily returns between CAKE and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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