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Correlation
of % moves
+40%
In sync
of periods
67%
History
daysdays · through 2026-05-29
1,255
These move in the same direction about 67% of the time
Their swing sizes loosely line up (~16% of the pattern is shared).
Strong enough to use as a signal — check the stability and regime notes below before relying on it.
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
AI Analysis
Chipotle and Shake Shack are likely linked through shared consumer trends in fast-casual dining, where shifts in consumer preferences toward healthier or innovative food options can simultaneously impact both brands. The data shows a 67% in-sync rate, indicating a strong correlation in their stock movements, which aligns with expectations given their similar market positioning. Going forward, investors should track quarterly earnings reports from both companies to gauge how they adapt to evolving consumer tastes. Not investment advice.
Advanced
Statistics
In sync(i)
67.1%
Headline metric
Movement correlation(i)
+40%
Based on % moves
95% CI
+35% → +45%
Likely range of correlation
Pipeline
Pipeline Summary
1,255 paired data points survived the daily window.
Raw input
1,255
1,255
Normalized
1,255
1,255
Prepared
1,255
1,255
Aligned
1,255
1,255
Invalid removed
R²(i)
16.1%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
1,255
Deep
Time-Shifted Correlation
See how correlation changes when one series is offset in time. A taller bar at a non-zero shift means the two move together better when one leads the other — that's a potential lead/lag signal.
Correlation by shift
Click a bar to inspect. Range: -6 to 6 days.
Selected shift
No shift
Correlation at this shift
+40%
No shift — both series at their actual dates.
1,254 overlapping points at this shift
Baseline
+40%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+40%
A non-zero peak suggests one series lines up better when shifted against the other.
Stability
How the correlation evolves over time. A stable line means the relationship is reliable; large swings signal regime-dependent behavior.
Do They Crash Together?
How these series behave when markets are rising, falling, or diverging. A correlation that holds in drawdowns is very different from one that only works in rallies.
Both Rising
+26%
54 periods · Return correlation when both series rose
Both Falling
+22%
49 periods · Return correlation when both series fell
Diverging
-27%
29 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
0
A: 0 / B: 0
Series A
Chipotle Mexican Grill, Inc. (CMG)
CMG
Market cap 42.2B · 130,301 employees
Stock · 1,255 raw → 1,255 prepared
Series B
Shake Shack Inc. (SHAK)
SHAK
Market cap 2.5B · 13,873 employees
Stock · 1,255 raw → 1,255 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
33
Estimated crossover points between normalized spreads.
Slope
0.6159
Linear regression slope.
Intercept
-0.0004
Linear regression intercept.
Saved 15 hours ago · ID: stock-cmg-vs-stock-shak-daily