Boston Beer Correlations

SAM Stock

USD 219.16 2.52 1.14%

The current 90-days correlation between Boston Beer and Compania Cervecerias Unidas is 0.22 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Boston Beer moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Boston Beer moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Boston Beer Correlation With Market

Modest diversification

The correlation between Boston Beer and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Boston Beer and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Boston Beer. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

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

Moving together with Boston Stock

0.72	BG	Bunge Limited	Pair Corr
0.83	LW	Lamb Weston Holdings	Pair Corr
0.66	FAMI	Farmmi Inc	Pair Corr
0.63	ADM	Archer Daniels Midland	Pair Corr
0.75	BON	Bon Natural Life	Pair Corr
0.77	CAG	ConAgra Foods	Pair Corr
0.73	CPB	Campbell Soup	Pair Corr
0.93	FDP	Fresh Del Monte	Pair Corr
0.91	FLO	Flowers Foods	Pair Corr
0.71	GIS	General Mills	Pair Corr
0.75	FTFT	Future Fintech Group	Pair Corr
0.86	HRL	Hormel Foods	Pair Corr
0.67	LSF	Laird Superfood	Pair Corr

Moving against Boston Stock

0.9	K	Kellanova	Pair Corr
0.74	PM	Philip Morris Intern	Pair Corr
0.51	BOF	BranchOut Food Common	Pair Corr
0.48	FARM	Farmer Bros	Pair Corr
0.43	MO	Altria Group	Pair Corr
0.7	BTI	British American Tobacco Sell-off Trend	Pair Corr
0.7	CCU	Compania Cervecerias	Pair Corr
0.61	JVA	Coffee Holding	Pair Corr
0.51	FMX	Fomento Economico	Pair Corr
0.46	DDC	DDC Enterprise	Pair Corr
0.41	BUD	Anheuser Busch Inbev	Pair Corr
0.75	RLX	RLX Technology	Pair Corr
0.57	SEB	Seaboard	Pair Corr
0.47	PPC	Pilgrims Pride Corp	Pair Corr
0.37	TPB	Turning Point Brands	Pair Corr

Related Correlations Analysis

	BUD	TAP-A	HEINY	ABEV	CCU	TAP	FMX	KNBWY	CABGY	BDWBY
BUD		0.8	0.93	0.91	0.92	0.74	0.95	0.0	0.91	0.93	BUD
TAP-A	0.8		0.76	0.81	0.64	0.78	0.76	0.0	0.68	0.76	TAP-A
HEINY	0.93	0.76		0.76	0.88	0.78	0.89	0.0	0.94	0.86	HEINY
ABEV	0.91	0.81	0.76		0.78	0.72	0.89	0.0	0.74	0.87	ABEV
CCU	0.92	0.64	0.88	0.78		0.52	0.94	0.0	0.96	0.87	CCU
TAP	0.74	0.78	0.78	0.72	0.52		0.66	0.0	0.62	0.7	TAP
FMX	0.95	0.76	0.89	0.89	0.94	0.66		0.0	0.92	0.9	FMX
KNBWY	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	KNBWY
CABGY	0.91	0.68	0.94	0.74	0.96	0.62	0.92	0.0		0.85	CABGY
BDWBY	0.93	0.76	0.86	0.87	0.87	0.7	0.9	0.0	0.85		BDWBY
	BUD	TAP-A	HEINY	ABEV	CCU	TAP	FMX	KNBWY	CABGY	BDWBY

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

CABGY	+ 0.96	CCU
FMX	+ 0.95	BUD
CABGY	+ 0.94	HEINY
FMX	+ 0.94	CCU
HEINY	+ 0.93	BUD
BDWBY	+ 0.93	BUD

High negative correlations

BDWBY	- 0.0	KNBWY
CABGY	- 0.0	KNBWY
KNBWY	- 0.0	FMX
KNBWY	- 0.0	TAP
KNBWY	- 0.0	CCU
KNBWY	- 0.0	ABEV

Risk-Adjusted Indicators

There is a big difference between Boston Stock performing well and Boston Beer 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 Boston Beer'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
BUD	1.09	0.32	0.22	0.60	1.34	(1.18)	2.29	(1.82)	9.04
TAP-A	1.24	0.12	0.06	(1.97)	1.65	(3.84)	6.07	(2.94)	15.39
HEINY	1.24	0.27	0.25	0.78	1.14	(1.47)	2.34	(2.05)	17.24
ABEV	1.51	0.14	0.11	0.42	1.77	(1.68)	3.35	(3.26)	7.93
CCU	1.00	0.42	0.33	1.33	1.02	(1.14)	2.11	(1.67)	8.78
TAP	1.37	0.02	0.00	(0.07)	0.00	0.00	2.72	(3.11)	13.51
FMX	1.28	0.21	0.18	0.76	1.33	(1.45)	2.99	(2.25)	7.97
KNBWY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CABGY	1.24	0.42	0.43	(145.13)	0.75	(1.51)	3.29	(1.53)	8.66
BDWBY	2.60	0.35	0.10	0.36	3.15	(2.88)	5.56	(5.81)	15.48

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