Embotelladora Andina Correlations

AKO-B Stock

USD 22.78 1.26 5.86%

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

0.82	KO	Coca Cola Sell-off Trend	Pair Corr
0.63	KDP	Keurig Dr Pepper Sell-off Trend	Pair Corr
0.81	KOF	Coca Cola Femsa	Pair Corr
0.66	BRFH	Barfresh Food Group	Pair Corr
0.81	CCEP	Coca Cola European	Pair Corr
0.91	K	Kellanova Earnings Call This Week	Pair Corr
0.91	BJ	BJs Wholesale Club	Pair Corr
0.61	DG	Dollar General	Pair Corr
0.82	KR	Kroger Company	Pair Corr
0.8	MO	Altria Group	Pair Corr
0.89	PM	Philip Morris Intern	Pair Corr
0.61	UL	Unilever PLC ADR Sell-off Trend	Pair Corr
0.69	YI	111 Inc	Pair Corr
0.84	YQ	17 Education Technology	Pair Corr
0.66	DOLE	Dole PLC	Pair Corr

Moving against Embotelladora Stock

0.78	ZVIA	Zevia Pbc	Pair Corr
0.77	FIZZ	National Beverage Corp	Pair Corr
0.77	LW	Lamb Weston Holdings Earnings Call This Week	Pair Corr
0.63	BG	Bunge Limited	Pair Corr
0.62	GO	Grocery Outlet Holding	Pair Corr
0.59	EL	Estee Lauder Companies	Pair Corr
0.59	FC	Franklin Covey	Pair Corr
0.88	FAMI	Farmmi Inc	Pair Corr
0.83	DNUT	Krispy Kreme	Pair Corr
0.81	DTCK	Davis Commodities	Pair Corr
0.81	EDBL	Edible Garden AG	Pair Corr
0.76	VITL	Vital Farms	Pair Corr
0.66	FEDU	Four Seasons Education	Pair Corr
0.58	DLTR	Dollar Tree	Pair Corr
0.47	IMKTA	Ingles Markets	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	0.54	0.29	-0.54	-0.57	-0.68	-0.08	0.26	ASII
PRMW	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	PRMW
APRU	0.0	0.54	0.0		0.71	-0.83	-0.77	-0.62	0.03	0.08	APRU
FIZZ	0.0	0.29	0.0	0.71		-0.77	-0.77	-0.36	0.17	-0.17	FIZZ
AKO-A	0.0	-0.54	0.0	-0.83	-0.77		0.77	0.56	-0.08	-0.02	AKO-A
CCEP	0.0	-0.57	0.0	-0.77	-0.77	0.77		0.81	-0.18	0.01	CCEP
KDP	0.0	-0.68	0.0	-0.62	-0.36	0.56	0.81		-0.05	-0.24	KDP
ALKM	0.0	-0.08	0.0	0.03	0.17	-0.08	-0.18	-0.05		-0.22	ALKM
COCO	0.0	0.26	0.0	0.08	-0.17	-0.02	0.01	-0.24	-0.22		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

KDP	+ 0.81	CCEP
CCEP	+ 0.77	AKO-A
FIZZ	+ 0.71	APRU
KDP	+ 0.56	AKO-A
APRU	+ 0.54	ASII
FIZZ	+ 0.29	ASII

High negative correlations

AKO-A	- 0.83	APRU
CCEP	- 0.77	FIZZ
AKO-A	- 0.77	FIZZ
CCEP	- 0.77	APRU
KDP	- 0.68	ASII
KDP	- 0.62	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	14.39	1.47	0.06	(0.95)	14.14	(29.41)	33.33	(25.00)	106.67
PRMW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
APRU	7.50	(0.24)	0.00	0.36	0.00	0.00	15.00	(12.50)	40.79
FIZZ	1.15	(0.22)	0.00	2.44	0.00	0.00	2.24	(2.23)	7.80
AKO-A	2.07	0.30	0.10	1.23	2.16	(3.04)	5.28	(4.72)	13.89
CCEP	0.91	0.12	0.10	0.49	1.00	(0.93)	2.09	(1.76)	5.08
KDP	1.05	0.05	0.03	0.33	1.30	(1.14)	2.18	(2.38)	6.15
ALKM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
COCO	1.66	(0.01)	0.00	(0.01)	2.86	(1.61)	4.21	(4.42)	19.52

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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