PepsiCo Correlations

PEP Stock

USD 156.42 2.57 1.67%

The current 90-days correlation between PepsiCo and The Coca Cola is 0.65 (i.e., Poor diversification). The correlation of PepsiCo 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.

PepsiCo Correlation With Market

Average diversification

The correlation between PepsiCo and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PepsiCo 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 PepsiCo. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

To learn how to invest in PepsiCo Stock, please use our How to Invest in PepsiCo guide.

Moving together with PepsiCo Stock

0.8	MNST	Monster Beverage Corp Earnings Call Tomorrow	Pair Corr
0.87	FIZZ	National Beverage Corp	Pair Corr
0.75	SHOT	Safety Shot	Pair Corr
0.66	CELH	Celsius Holdings Earnings Call Today	Pair Corr
0.96	CL	Colgate Palmolive	Pair Corr
0.66	DG	Dollar General	Pair Corr
0.72	GO	Grocery Outlet Holding	Pair Corr
0.73	MDLZ	Mondelez International	Pair Corr
0.79	LW	Lamb Weston Holdings	Pair Corr
0.76	MO	Altria Group	Pair Corr
0.78	PG	Procter Gamble	Pair Corr
0.83	TR	Tootsie Roll Industries	Pair Corr
0.7	UL	Unilever PLC ADR	Pair Corr
0.86	MGPI	MGP Ingredients	Pair Corr
0.77	DNUT	Krispy Kreme	Pair Corr

Moving against PepsiCo Stock

0.7	ZVIA	Zevia Pbc	Pair Corr
0.67	PRMB	Primo Brands	Pair Corr
0.67	K	Kellanova Earnings Call Tomorrow	Pair Corr
0.53	GV	Visionary Education	Pair Corr
0.43	COKE	Coca Cola Consolidated	Pair Corr
0.31	IH	Ihuman Inc	Pair Corr
0.65	UG	United Guardian	Pair Corr
0.6	MTEX	Mannatech Incorporated	Pair Corr
0.47	VITL	Vital Farms Earnings Call This Week	Pair Corr
0.4	EDBL	Edible Garden AG	Pair Corr
0.38	KR	Kroger Company	Pair Corr
0.38	VSTA	Vasta Platform	Pair Corr
0.37	EDTK	Skillful Craftsman	Pair Corr
0.36	DLTR	Dollar Tree Earnings Call Today	Pair Corr

Related Correlations Analysis

	COKE	MNST	CELH	KDP	COCO	KOF	KO	CCEP	PRMW
COKE		-0.5	-0.49	-0.02	0.63	0.37	0.68	0.72	0.0	COKE
MNST	-0.5		0.75	0.46	-0.38	0.3	-0.02	-0.08	0.0	MNST
CELH	-0.49	0.75		0.51	-0.52	0.18	-0.18	-0.16	0.0	CELH
KDP	-0.02	0.46	0.51		0.16	0.68	0.38	0.42	0.0	KDP
COCO	0.63	-0.38	-0.52	0.16		0.5	0.67	0.71	0.0	COCO
KOF	0.37	0.3	0.18	0.68	0.5		0.83	0.83	0.0	KOF
KO	0.68	-0.02	-0.18	0.38	0.67	0.83		0.94	0.0	KO
CCEP	0.72	-0.08	-0.16	0.42	0.71	0.83	0.94		0.0	CCEP
PRMW	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		PRMW
	COKE	MNST	CELH	KDP	COCO	KOF	KO	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

CCEP	+ 0.94	KO
KO	+ 0.83	KOF
CCEP	+ 0.83	KOF
CELH	+ 0.75	MNST
CCEP	+ 0.72	COKE
CCEP	+ 0.71	COCO

High negative correlations

COCO	- 0.52	CELH
MNST	- 0.5	COKE
CELH	- 0.49	COKE
COCO	- 0.38	MNST
KO	- 0.18	CELH
CCEP	- 0.16	CELH

Risk-Adjusted Indicators

There is a big difference between PepsiCo Stock performing well and PepsiCo 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 PepsiCo'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
COKE	1.40	0.22	0.12	0.33	1.61	(1.48)	3.15	(2.56)	7.85
MNST	0.99	(0.03)	0.00	(0.30)	0.00	0.00	2.66	(1.87)	5.40
CELH	3.47	0.19	0.04	1.85	4.27	(3.67)	7.49	(7.23)	31.60
KDP	0.98	0.12	0.10	(6.89)	1.05	(1.11)	2.18	(1.54)	6.58
COCO	1.28	0.13	0.08	0.15	1.52	(1.42)	3.72	(1.94)	13.35
KOF	0.96	0.18	0.16	(1.91)	0.99	(1.18)	1.81	(1.59)	5.46
KO	0.88	0.23	0.24	2.39	0.70	(1.03)	1.92	(1.13)	5.79
CCEP	0.84	0.21	0.20	0.49	0.75	(0.94)	2.16	(1.52)	5.69
PRMW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

PepsiCo Corporate Executives

Elected by the shareholders, the PepsiCo's board of directors comprises two types of representatives: PepsiCo inside directors who are chosen from within the company, and outside directors, selected externally and held independent of PepsiCo. The board's role is to monitor PepsiCo's management team and ensure that shareholders' interests are well served. PepsiCo's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, PepsiCo's outside directors are responsible for providing unbiased perspectives on the board's policies.

	James Caulfield	Executive CFO	Profile
	Gregg Roden	Executive COO	Profile

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