Chipotle Mexican Grill, Inc. (CMG) — Stock Correlations & Overview
Over the past year, CMG has moved most closely with FMC, SG, CAVA. Explore the stocks most correlated and inversely correlated with CMG below, along with its price, financials, and company profile.
Stocks correlated with CMG
Correlation of daily returns. Higher positive values move with CMG; negative values move opposite it. Informational only, not investment advice.
Most correlated with CMG
| Symbol | Company | Correlation |
|---|---|---|
| FMC | FMC CorporationCHEMICALS & ALLIED PRODUCTS | 0.54 |
| SG | Sweetgreen, Inc.RETAIL-EATING PLACES | 0.53 |
| CAVA | CAVA Group, Inc.RETAIL-EATING PLACES | 0.52 |
| SFM | Sprouts Farmers Market, Inc.RETAIL-GROCERY STORES | 0.49 |
| BAX | Baxter International Inc.SURGICAL & MEDICAL INSTRUMENTS & APPARATUS | 0.48 |
Most inversely correlated with CMG
| Symbol | Company | Correlation |
|---|---|---|
| EMTY | ProShares Decline of the Retail Store ETF | -0.40 |
| INTS | Intensity Therapeutics, Inc. Common stockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | -0.36 |
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.34 |
| SEF | ProShares Short Financials | -0.33 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.33 |
Frequently asked questions about CMG correlations
- Which stocks are most correlated with CMG?
- Based on one year of daily returns, the stocks most correlated with Chipotle Mexican Grill, Inc. (CMG) are FMC (0.54), SG (0.53) and CAVA (0.52). 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 CMG?
- Over the past year, the stocks most inversely correlated with Chipotle Mexican Grill, Inc. (CMG) are EMTY (-0.40), INTS (-0.36) and CARD (-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 CMG correlations calculated?
- We compute the correlation of daily returns between CMG 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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