Oatly Group Correlations

OTLY Stock

USD 0.70 0.02 2.78%

The current 90-days correlation between Oatly Group AB and Vita Coco is 0.28 (i.e., Modest diversification). The correlation of Oatly Group 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.

Oatly Group Correlation With Market

Weak diversification

The correlation between Oatly Group AB and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oatly Group AB and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oatly Group AB. 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.

Moving together with Oatly Stock

0.72	DOLE	Dole PLC	Pair Corr
0.78	ADM	Archer Daniels Midland	Pair Corr
0.67	BUD	Anheuser Busch Inbev	Pair Corr
0.82	FMX	Fomento Economico	Pair Corr
0.84	GIS	General Mills	Pair Corr
0.75	LND	Brasilagro Adr	Pair Corr
0.73	XXII	22nd Century Group	Pair Corr
0.68	ALCO	Alico Inc Earnings Call This Week	Pair Corr
0.7	SNAX	Stryve Foods	Pair Corr
0.63	BTOG	Bit Origin	Pair Corr
0.79	BYND	Beyond Meat	Pair Corr
0.71	CL	Colgate Palmolive Sell-off Trend	Pair Corr
0.65	EL	Estee Lauder Companies	Pair Corr

Moving against Oatly Stock

0.81	TPB	Turning Point Brands	Pair Corr
0.8	LSF	Laird Superfood	Pair Corr
0.8	SAM	Boston Beer	Pair Corr
0.77	TAP	Molson Coors Brewing	Pair Corr
0.69	FDP	Fresh Del Monte	Pair Corr
0.55	PM	Philip Morris Intern	Pair Corr
0.48	UVV	Universal	Pair Corr
0.78	CALM	Cal Maine Foods	Pair Corr
0.7	LW	Lamb Weston Holdings	Pair Corr
0.67	BJ	BJs Wholesale Club	Pair Corr
0.64	KR	Kroger Company Earnings Call This Week	Pair Corr
0.63	JZ	Jianzhi Education	Pair Corr
0.56	MO	Altria Group	Pair Corr
0.45	BRCNF	Burcon NutraScience Corp	Pair Corr
0.43	K	Kellanova	Pair Corr
0.41	GO	Grocery Outlet Holding	Pair Corr

Related Correlations Analysis

	MNST	COCO	PEP	KO	KOF	FIZZ	CELH	KDP	CCEP	PRMW
MNST		0.84	-0.57	-0.71	-0.47	0.75	-0.64	-0.58	-0.45	0.77	MNST
COCO	0.84		-0.85	-0.89	-0.72	0.84	-0.73	-0.84	-0.44	0.83	COCO
PEP	-0.57	-0.85		0.85	0.7	-0.69	0.76	0.86	0.49	-0.73	PEP
KO	-0.71	-0.89	0.85		0.86	-0.71	0.78	0.96	0.54	-0.88	KO
KOF	-0.47	-0.72	0.7	0.86		-0.61	0.61	0.87	0.3	-0.66	KOF
FIZZ	0.75	0.84	-0.69	-0.71	-0.61		-0.6	-0.66	-0.24	0.65	FIZZ
CELH	-0.64	-0.73	0.76	0.78	0.61	-0.6		0.67	0.47	-0.73	CELH
KDP	-0.58	-0.84	0.86	0.96	0.87	-0.66	0.67		0.48	-0.79	KDP
CCEP	-0.45	-0.44	0.49	0.54	0.3	-0.24	0.47	0.48		-0.74	CCEP
PRMW	0.77	0.83	-0.73	-0.88	-0.66	0.65	-0.73	-0.79	-0.74		PRMW
	MNST	COCO	PEP	KO	KOF	FIZZ	CELH	KDP	CCEP	PRMW

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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	+ 0.96	KO
KDP	+ 0.87	KOF
KDP	+ 0.86	PEP
KOF	+ 0.86	KO
KO	+ 0.85	PEP
COCO	+ 0.84	MNST

High negative correlations

KO	- 0.89	COCO
PRMW	- 0.88	KO
PEP	- 0.85	COCO
KDP	- 0.84	COCO
PRMW	- 0.79	KDP
PRMW	- 0.74	CCEP

Risk-Adjusted Indicators

There is a big difference between Oatly Stock performing well and Oatly Group 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 Oatly Group'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
MNST	1.06	0.19	0.07	0.61	1.43	(1.19)	2.51	(1.35)	11.37
COCO	1.59	0.48	0.20	1.20	1.47	(1.77)	3.72	(3.13)	11.39
PEP	0.69	(0.09)	0.00	(5.05)	0.00	0.00	1.24	(1.38)	6.65
KO	0.67	(0.17)	0.00	(1.31)	0.00	0.00	1.10	(1.66)	4.00
KOF	1.12	(0.17)	0.00	(0.34)	0.00	0.00	2.21	(2.27)	5.30
FIZZ	0.96	0.08	0.00	0.32	1.04	(1.00)	2.21	(1.89)	6.35
CELH	2.79	(0.45)	0.00	(0.63)	0.00	0.00	5.82	(5.33)	21.65
KDP	0.76	(0.20)	0.00	(0.36)	0.00	0.00	1.46	(2.08)	6.67
CCEP	0.79	(0.08)	0.00	(0.07)	0.00	0.00	1.62	(1.75)	4.77
PRMW	1.15	0.27	0.07	(1.49)	1.25	(1.18)	2.38	(2.29)	13.17

Oatly Group Corporate Management

Peter Bergh	Chief Officer	Profile
Ashley Allen	Chief Officer	Profile
MarieJose David	Chief Officer	Profile
Toni Petersson	CEO Director	Profile
JeanChristophe Flatin	Chief Officer	Profile

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