Sweetgreen, Inc. (SG) — Stock Correlations & Overview
Over the past year, SG has moved most closely with CAVA, CMG, WING. Explore the stocks most correlated and inversely correlated with SG below, along with its price, financials, and company profile.
Stocks correlated with SG
Correlation of daily returns. Higher positive values move with SG; negative values move opposite it. Informational only, not investment advice.
Most correlated with SG
| Symbol | Company | Correlation |
|---|---|---|
| CAVA | CAVA Group, Inc.RETAIL-EATING PLACES | 0.55 |
| CMG | Chipotle Mexican Grill, Inc.RETAIL-EATING PLACES | 0.53 |
| WING | Wingstop IncRETAIL-EATING PLACES | 0.43 |
| BROS | Dutch Bros Inc.RETAIL-EATING & DRINKING PLACES | 0.42 |
| FWRG | First Watch Restaurant Group, Inc. Common StockRETAIL-EATING PLACES | 0.40 |
Most inversely correlated with SG
| Symbol | Company | Correlation |
|---|---|---|
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.30 |
| SCC | ProShares UltraShort Consumer Discretionary | -0.29 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.29 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.28 |
| EMTY | ProShares Decline of the Retail Store ETF | -0.27 |
Frequently asked questions about SG correlations
- Which stocks are most correlated with SG?
- Based on one year of daily returns, the stocks most correlated with Sweetgreen, Inc. (SG) are CAVA (0.55), CMG (0.53) and WING (0.43). 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 SG?
- Over the past year, the stocks most inversely correlated with Sweetgreen, Inc. (SG) are HDGE (-0.30), SCC (-0.29) and FLYD (-0.29). 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 SG correlations calculated?
- We compute the correlation of daily returns between SG 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.