Which stocks are most correlated with FWRG?

Based on one year of daily returns, the stocks most correlated with First Watch Restaurant Group, Inc. Common Stock (FWRG) are PTLO (0.51), BJRI (0.48) and DIN (0.47). 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 FWRG?

Over the past year, the stocks most inversely correlated with First Watch Restaurant Group, Inc. Common Stock (FWRG) are EMTY (-0.41), SBB (-0.38) and SDD (-0.35). A negative correlation means the two stocks have tended to move in opposite directions.

First Watch Restaurant Group, Inc. Common Stock (FWRG) — Stock Correlations & Overview

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

Stocks correlated with FWRG

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

Most correlated with FWRG

Symbol	Company	Correlation
PTLO	Portillo's Inc. Class A Common StockRETAIL-EATING PLACES	0.51
BJRI	BJ's Restaurants, Inc.RETAIL-EATING PLACES	0.48
DIN	Dine Brands Global, Inc.RETAIL-EATING PLACES	0.47
PSCD	Invesco S&P SmallCap Consumer Discretionary ETFINVESTMENT ADVICE	0.45
CBRL	Cracker Barrel Old Country Store, Inc,.RETAIL-EATING PLACES	0.45

Most inversely correlated with FWRG

Symbol	Company	Correlation
EMTY	ProShares Decline of the Retail Store ETF	-0.41
SBB	ProShares Short SmallCap600	-0.38
SDD	ProShares UltraShort SmallCap600	-0.35
SJB	ProShares Short High Yield	-0.34
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.33

Frequently asked questions about FWRG correlations

Which stocks are most correlated with FWRG?: Based on one year of daily returns, the stocks most correlated with First Watch Restaurant Group, Inc. Common Stock (FWRG) are PTLO (0.51), BJRI (0.48) and DIN (0.47). 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 FWRG?: Over the past year, the stocks most inversely correlated with First Watch Restaurant Group, Inc. Common Stock (FWRG) are EMTY (-0.41), SBB (-0.38) and SDD (-0.35). 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 FWRG correlations calculated?: We compute the correlation of daily returns between FWRG 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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