Keurig Dr Correlations

KDP Stock

USD 33.55 0.12 0.36%

The current 90-days correlation between Keurig Dr Pepper and Monster Beverage Corp is 0.44 (i.e., Very weak diversification). The correlation of Keurig Dr 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Keurig Dr Correlation With Market

Significant diversification

The correlation between Keurig Dr Pepper and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Keurig Dr Pepper and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Keurig Dr Pepper. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Keurig Stock

0.79	KO	Coca Cola	Pair Corr
0.71	MNST	Monster Beverage Corp	Pair Corr
0.89	KOF	Coca Cola Femsa	Pair Corr
0.69	PEP	PepsiCo	Pair Corr
0.77	CCEP	Coca Cola European	Pair Corr
0.61	CL	Colgate Palmolive	Pair Corr
0.64	DG	Dollar General	Pair Corr
0.61	IH	Ihuman Inc	Pair Corr
0.85	MDLZ	Mondelez International	Pair Corr
0.77	MO	Altria Group	Pair Corr
0.71	PG	Procter Gamble	Pair Corr
0.69	PM	Philip Morris Intern	Pair Corr
0.8	YI	111 Inc	Pair Corr

Moving against Keurig Stock

0.75	ZVIA	Zevia Pbc	Pair Corr
0.67	OTLY	Oatly Group AB	Pair Corr
0.57	GO	Grocery Outlet Holding	Pair Corr
0.7	VITL	Vital Farms	Pair Corr
0.61	VINE	Fresh Grapes LLC	Pair Corr
0.61	EDBL	Edible Garden AG	Pair Corr
0.57	MTEX	Mannatech Incorporated Earnings Call This Week	Pair Corr
0.55	DTCK	Davis Commodities	Pair Corr
0.54	DNUT	Krispy Kreme	Pair Corr
0.4	MYND	Myndai,	Pair Corr
0.36	DLTR	Dollar Tree	Pair Corr
0.34	LW	Lamb Weston Holdings	Pair Corr

Related Correlations Analysis

	CELH	COCO	PEP	KOF	FIZZ	MNST	AKO-B	AKO-A	CCEP
CELH		-0.4	0.5	0.27	0.47	0.63	-0.12	-0.14	0.02	CELH
COCO	-0.4		-0.28	-0.27	-0.12	-0.57	-0.04	-0.03	0.01	COCO
PEP	0.5	-0.28		0.43	0.42	0.58	0.01	-0.08	0.19	PEP
KOF	0.27	-0.27	0.43		-0.44	0.75	0.75	0.67	0.88	KOF
FIZZ	0.47	-0.12	0.42	-0.44		0.0	-0.74	-0.78	-0.7	FIZZ
MNST	0.63	-0.57	0.58	0.75	0.0		0.36	0.36	0.46	MNST
AKO-B	-0.12	-0.04	0.01	0.75	-0.74	0.36		0.9	0.8	AKO-B
AKO-A	-0.14	-0.03	-0.08	0.67	-0.78	0.36	0.9		0.74	AKO-A
CCEP	0.02	0.01	0.19	0.88	-0.7	0.46	0.8	0.74		CCEP
	CELH	COCO	PEP	KOF	FIZZ	MNST	AKO-B	AKO-A	CCEP

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

AKO-A	+ 0.9	AKO-B
CCEP	+ 0.88	KOF
CCEP	+ 0.8	AKO-B
MNST	+ 0.75	KOF
AKO-B	+ 0.75	KOF
CCEP	+ 0.74	AKO-A

High negative correlations

AKO-A	- 0.78	FIZZ
AKO-B	- 0.74	FIZZ
CCEP	- 0.7	FIZZ
MNST	- 0.57	COCO
FIZZ	- 0.44	KOF
COCO	- 0.4	CELH

Risk-Adjusted Indicators

There is a big difference between Keurig Stock performing well and Keurig Dr 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 Keurig Dr'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
CELH	3.40	0.11	0.04	0.31	3.93	(4.10)	7.75	(5.49)	42.08
COCO	1.62	0.03	0.00	(0.03)	0.00	0.00	4.21	(4.42)	19.52
PEP	1.07	(0.09)	0.00	(0.70)	0.00	0.00	1.85	(2.73)	8.20
KOF	1.01	0.16	0.18	0.43	1.07	(1.22)	2.34	(2.10)	7.02
FIZZ	1.09	(0.27)	0.00	1.29	0.00	0.00	2.10	(2.23)	7.80
MNST	1.06	0.13	0.14	0.50	1.13	(1.15)	2.80	(1.87)	6.76
AKO-B	1.76	0.34	0.17	(4.45)	2.04	(1.90)	4.07	(4.22)	10.40
AKO-A	2.10	0.35	0.14	1.74	2.12	(2.91)	5.28	(4.72)	13.89
CCEP	0.90	0.14	0.15	0.40	1.03	(0.92)	2.09	(1.81)	5.08

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC