BJRI vs WEST: Correlation
How closely do BJ's Restaurants, Inc. (BJRI) and Westrock Coffee Company (WEST) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BJRI and WEST?
Over the past 3 years, BJRI and WEST moved with a correlation of 0.44, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.59 versus 0.44 over 3 years. Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 1024.1 %².
Within BJRI's tracked universe of 16 assets, WEST comes in at #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BJRI outperformed by 45.2 percentage points (+86.1% for BJRI against +40.9% for WEST).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
BJRI vs WEST: side by side
| BJRI (BJ's Restaurants, Inc.) | WEST (Westrock Coffee Company) | |
|---|---|---|
| 1-year return | +86.1% | +40.9% |
| 5-year return | +50.0% | -16.8% |
| Volatility (ann.) | 41.5% | 56.4% |
| Beta vs S&P 500 | 1.20 | 0.97 |
| Max drawdown (3Y) | -38.7% | -66.7% |
| Market cap | $1.4B | $0.8B |
| P/E (trailing) | 33.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BJRI | WEST |
|---|---|---|
| 2022 | -23.6% | +37.2% |
| 2023 | +36.5% | -23.6% |
| 2024 | -2.4% | -37.1% |
| 2025 | +12.1% | -36.6% |
| 2026 | +61.7% | +98.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BJRI and WEST good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BJRI and WEST?
The BJRI/WEST correlation stands at 0.44 on a 3-year window (1 year: 0.59, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is WEST a good diversifier for BJRI?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: BJRI correlations · WEST correlations
