Wingstop Inc (WING) — Stock Correlations & Overview
Over the past year, WING has moved most closely with CMG, FWRG, SG. Explore the stocks most correlated and inversely correlated with WING below, along with its price, financials, and company profile.
Stocks correlated with WING
Correlation of daily returns. Higher positive values move with WING; negative values move opposite it. Informational only, not investment advice.
Most correlated with WING
| Symbol | Company | Correlation |
|---|---|---|
| CMG | Chipotle Mexican Grill, Inc.RETAIL-EATING PLACES | 0.46 |
| FWRG | First Watch Restaurant Group, Inc. Common StockRETAIL-EATING PLACES | 0.44 |
| SG | Sweetgreen, Inc.RETAIL-EATING PLACES | 0.43 |
| MILN | Global X Funds Global X Millennial Consumer ETF | 0.42 |
| TOGA | Tremblant Global ETF | 0.42 |
Most inversely correlated with WING
| Symbol | Company | Correlation |
|---|---|---|
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.33 |
| EMTY | ProShares Decline of the Retail Store ETF | -0.33 |
| JETD | MAX Airlines -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.30 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.30 |
| SCC | ProShares UltraShort Consumer Discretionary | -0.30 |
Frequently asked questions about WING correlations
- Which stocks are most correlated with WING?
- Based on one year of daily returns, the stocks most correlated with Wingstop Inc (WING) are CMG (0.46), FWRG (0.44) and SG (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 WING?
- Over the past year, the stocks most inversely correlated with Wingstop Inc (WING) are FLYD (-0.33), EMTY (-0.33) and JETD (-0.30). 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 WING correlations calculated?
- We compute the correlation of daily returns between WING 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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