Embotelladora Andina Correlations

AKO-B Stock

USD 20.20 0.05 0.25%

The correlation of Embotelladora Andina is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Embotelladora Andina Correlation With Market

Good diversification

The correlation between Embotelladora Andina SA and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Embotelladora Andina SA and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Embotelladora Andina SA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Embotelladora Stock

0.66	KO	Coca Cola Aggressive Push	Pair Corr
0.83	PRMB	Primo Brands	Pair Corr
0.77	BRFH	Barfresh Food Group Earnings Call Today	Pair Corr
0.71	CCEP	Coca Cola European	Pair Corr
0.72	COCO	Vita Coco	Pair Corr
0.82	COKE	Coca Cola Consolidated	Pair Corr
0.87	K	Kellanova Earnings Call Tomorrow	Pair Corr
0.84	BJ	BJs Wholesale Club Earnings Call This Week	Pair Corr
0.64	IH	Ihuman Inc	Pair Corr
0.76	KR	Kroger Company	Pair Corr
0.76	PM	Philip Morris Intern	Pair Corr
0.82	UG	United Guardian	Pair Corr

Moving against Embotelladora Stock

0.83	BG	Bunge Limited	Pair Corr
0.8	FIZZ	National Beverage Corp	Pair Corr
0.8	SHOT	Safety Shot	Pair Corr
0.76	OTLY	Oatly Group AB	Pair Corr
0.69	MNST	Monster Beverage Corp Earnings Call Tomorrow	Pair Corr
0.64	CL	Colgate Palmolive	Pair Corr
0.61	CELH	Celsius Holdings Earnings Call Today	Pair Corr
0.57	PEP	PepsiCo	Pair Corr
0.38	GO	Grocery Outlet Holding	Pair Corr
0.8	MGPI	MGP Ingredients	Pair Corr
0.73	MYND	Myndai,	Pair Corr
0.72	DNUT	Krispy Kreme	Pair Corr
0.71	LW	Lamb Weston Holdings	Pair Corr
0.62	TR	Tootsie Roll Industries	Pair Corr
0.51	NAII	Natural Alternatives	Pair Corr
0.47	EEIQ	Elite Education Group	Pair Corr
0.34	DOLE	Dole PLC Earnings Call Today	Pair Corr
0.33	JZ	Jianzhi Education Tech Boost	Pair Corr

Related Correlations Analysis

	AQPW	ASII	PRMW	APRU	FIZZ	AKO-A	CCEP	KDP	ALKM	COCO
AQPW		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQPW
ASII	0.0		0.0	0.22	0.43	-0.38	-0.33	-0.17	0.01	-0.25	ASII
PRMW	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	PRMW
APRU	0.0	0.22	0.0		0.76	-0.79	-0.44	0.01	0.17	-0.39	APRU
FIZZ	0.0	0.43	0.0	0.76		-0.93	-0.45	0.3	0.18	-0.49	FIZZ
AKO-A	0.0	-0.38	0.0	-0.79	-0.93		0.51	-0.19	-0.19	0.57	AKO-A
CCEP	0.0	-0.33	0.0	-0.44	-0.45	0.51		0.42	-0.31	0.71	CCEP
KDP	0.0	-0.17	0.0	0.01	0.3	-0.19	0.42		-0.07	0.16	KDP
ALKM	0.0	0.01	0.0	0.17	0.18	-0.19	-0.31	-0.07		-0.24	ALKM
COCO	0.0	-0.25	0.0	-0.39	-0.49	0.57	0.71	0.16	-0.24		COCO
	AQPW	ASII	PRMW	APRU	FIZZ	AKO-A	CCEP	KDP	ALKM	COCO

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FIZZ	+ 0.76	APRU
COCO	+ 0.71	CCEP
COCO	+ 0.57	AKO-A
CCEP	+ 0.51	AKO-A
FIZZ	+ 0.43	ASII
KDP	+ 0.42	CCEP

High negative correlations

AKO-A	- 0.93	FIZZ
AKO-A	- 0.79	APRU
COCO	- 0.49	FIZZ
CCEP	- 0.45	FIZZ
CCEP	- 0.44	APRU
COCO	- 0.39	APRU

Risk-Adjusted Indicators

There is a big difference between Embotelladora Stock performing well and Embotelladora Andina Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Embotelladora Andina's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AQPW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ASII	12.20	1.08	0.05	0.88	12.30	(26.25)	25.00	(20.00)	83.33
PRMW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
APRU	6.86	(0.78)	0.00	0.98	0.00	0.00	15.00	(12.50)	40.79
FIZZ	1.10	(0.18)	0.00	(1.57)	0.00	0.00	2.24	(2.08)	10.19
AKO-A	1.87	0.34	0.11	5.55	2.06	(2.25)	5.02	(4.72)	13.89
CCEP	0.84	0.21	0.20	0.49	0.75	(0.94)	2.16	(1.52)	5.69
KDP	0.98	0.12	0.10	(6.89)	1.05	(1.11)	2.18	(1.54)	6.58
ALKM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
COCO	1.28	0.13	0.08	0.15	1.52	(1.42)	3.72	(1.94)	13.35

Embotelladora Andina Corporate Management

Jos Hurtado	General Chile	Profile
Andrs Wainer	Chief officer	Profile
Paula Vicua	Head Relations	Profile
Fernando Jaa	Chief Officer	Profile
Fabin Castelli	General Argentina	Profile
Martin Idigoras	Chief Officer	Profile
Renato Barbosa	General Brazil	Profile

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