Which stocks are most correlated with SHAK?

Based on one year of daily returns, the stocks most correlated with Shake Shack Inc. (SHAK) are TRDA (0.54), IBP (0.53) and ENGN (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 SHAK?

Over the past year, the stocks most inversely correlated with Shake Shack Inc. (SHAK) are FLYD (-0.41), EMTY (-0.38) and SDOW (-0.38). A negative correlation means the two stocks have tended to move in opposite directions.

Shake Shack Inc. (SHAK) — Stock Correlations & Overview

Over the past year, SHAK has moved most closely with TRDA, IBP, ENGN. Explore the stocks most correlated and inversely correlated with SHAK below, along with its price, financials, and company profile.

Stocks correlated with SHAK

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

Most correlated with SHAK

Symbol	Company	Correlation
TRDA	Entrada Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS	0.54
IBP	INSTALLED BUILDING PRODUCTS, INC.GENERAL BLDG CONTRACTORS - RESIDENTIAL BLDGS	0.53
ENGN	enGene Therapeutics Inc. Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES)	0.52
BROS	Dutch Bros Inc.RETAIL-EATING & DRINKING PLACES	0.51
ZTS	ZOETIS INC.PHARMACEUTICAL PREPARATIONS	0.50

Most inversely correlated with SHAK

Symbol	Company	Correlation
FLYD	MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.41
EMTY	ProShares Decline of the Retail Store ETF	-0.38
SDOW	ProShares UltraPro Short Dow 30	-0.38
DXD	ProShares UltraShort Dow 30	-0.38
MZZ	ProShares UltraShort MidCap400	-0.37

Frequently asked questions about SHAK correlations

Which stocks are most correlated with SHAK?: Based on one year of daily returns, the stocks most correlated with Shake Shack Inc. (SHAK) are TRDA (0.54), IBP (0.53) and ENGN (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 SHAK?: Over the past year, the stocks most inversely correlated with Shake Shack Inc. (SHAK) are FLYD (-0.41), EMTY (-0.38) and SDOW (-0.38). 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 SHAK correlations calculated?: We compute the correlation of daily returns between SHAK 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.