Texas Roadhouse, Inc. (TXRH) — Stock Correlations & Overview
Over the past year, TXRH has moved most closely with DRI, CAKE, BJRI. Explore the stocks most correlated and inversely correlated with TXRH below, along with its price, financials, and company profile.
Stocks correlated with TXRH
Correlation of daily returns. Higher positive values move with TXRH; negative values move opposite it. Informational only, not investment advice.
Most correlated with TXRH
| Symbol | Company | Correlation |
|---|---|---|
| DRI | Darden Restaurants, Inc.RETAIL-EATING PLACES | 0.56 |
| CAKE | Cheesecake Factory (The)RETAIL-EATING PLACES | 0.54 |
| BJRI | BJ's Restaurants, Inc.RETAIL-EATING PLACES | 0.46 |
| BLMN | Bloomin' Brands, Inc. Common StockRETAIL-EATING PLACES | 0.44 |
| PSCD | Invesco S&P SmallCap Consumer Discretionary ETFINVESTMENT ADVICE | 0.40 |
Most inversely correlated with TXRH
| Symbol | Company | Correlation |
|---|---|---|
| EMTY | ProShares Decline of the Retail Store ETF | -0.40 |
| JETD | MAX Airlines -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.36 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.32 |
| SBB | ProShares Short SmallCap600 | -0.30 |
| SDD | ProShares UltraShort SmallCap600 | -0.28 |
Frequently asked questions about TXRH correlations
- Which stocks are most correlated with TXRH?
- Based on one year of daily returns, the stocks most correlated with Texas Roadhouse, Inc. (TXRH) are DRI (0.56), CAKE (0.54) and BJRI (0.46). 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 TXRH?
- Over the past year, the stocks most inversely correlated with Texas Roadhouse, Inc. (TXRH) are EMTY (-0.40), JETD (-0.36) and FLYD (-0.32). 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 TXRH correlations calculated?
- We compute the correlation of daily returns between TXRH 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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