Celsius Holdings Correlations

CELH Stock

USD 32.93 1.68 5.38%

The current 90-days correlation between Celsius Holdings and National Beverage Corp is 0.29 (i.e., Modest diversification). The correlation of Celsius Holdings 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.

Celsius Holdings Correlation With Market

Significant diversification

The correlation between Celsius Holdings and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Celsius Holdings 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 Celsius Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more detail on how to invest in Celsius Stock please use our How to Invest in Celsius Holdings guide.

Moving together with Celsius Stock

0.66

MNST

Monster Beverage Corp

Pair Corr

Moving against Celsius Stock

0.43	COKE	Coca Cola Consolidated	Pair Corr
0.41	COCO	Vita Coco	Pair Corr
0.34	PRMB	Primo Brands	Pair Corr
0.57	UG	United Guardian	Pair Corr
0.43	VINE	Fresh Grapes LLC	Pair Corr
0.33	DLTR	Dollar Tree	Pair Corr

Related Correlations Analysis

	COCO	KDP	PEP	KOF	FIZZ	MNST	KO	COKE
COCO		-0.24	-0.3	-0.21	-0.13	-0.56	-0.12	0.32	COCO
KDP	-0.24		0.66	0.88	-0.25	0.72	0.81	0.19	KDP
PEP	-0.3	0.66		0.37	0.38	0.54	0.29	-0.31	PEP
KOF	-0.21	0.88	0.37		-0.53	0.73	0.94	0.33	KOF
FIZZ	-0.13	-0.25	0.38	-0.53		-0.07	-0.65	-0.77	FIZZ
MNST	-0.56	0.72	0.54	0.73	-0.07		0.59	-0.25	MNST
KO	-0.12	0.81	0.29	0.94	-0.65	0.59		0.5	KO
COKE	0.32	0.19	-0.31	0.33	-0.77	-0.25	0.5		COKE
	COCO	KDP	PEP	KOF	FIZZ	MNST	KO	COKE

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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

KO	+ 0.94	KOF
KOF	+ 0.88	KDP
KO	+ 0.81	KDP
MNST	+ 0.73	KOF
MNST	+ 0.72	KDP
PEP	+ 0.66	KDP

High negative correlations

COKE	- 0.77	FIZZ
KO	- 0.65	FIZZ
MNST	- 0.56	COCO
FIZZ	- 0.53	KOF
COKE	- 0.31	PEP
PEP	- 0.3	COCO

Risk-Adjusted Indicators

There is a big difference between Celsius Stock performing well and Celsius Holdings 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 Celsius Holdings' 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
COCO	1.62	0.02	0.00	(0.04)	0.00	0.00	4.21	(4.42)	19.52
KDP	1.06	0.02	0.06	0.08	1.34	(1.15)	2.18	(2.38)	6.15
PEP	1.08	(0.10)	0.00	(0.78)	0.00	0.00	1.85	(2.73)	8.20
KOF	1.06	0.13	0.16	(6.23)	1.12	(1.26)	2.34	(2.10)	7.02
FIZZ	1.10	(0.28)	0.00	1.33	0.00	0.00	2.10	(2.23)	7.80
MNST	1.07	0.14	0.15	0.57	1.14	(1.13)	2.80	(1.87)	6.76
KO	0.93	0.15	0.19	0.99	0.90	(1.04)	1.87	(1.53)	7.65
COKE	1.61	0.11	0.05	0.06	2.29	(1.53)	2.83	(3.42)	10.97

Celsius Holdings Corporate Management

Edwin NegronCarballo	Ex Officer	Profile
Marcus Sandifer	Gen Affairs	Profile
Danielle Babich	Senior Resources	Profile
Paul Storey	Senior Operations	Profile
Robin Lybeck	Managing Europe	Profile
Jarrod CPA	Chief Officer	Profile
Ronnie Char	Managing Asia	Profile

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