Zevia Pbc Correlations

ZVIA Stock

USD 2.10 0.07 3.45%

The current 90-days correlation between Zevia Pbc and Barfresh Food Group is -0.22 (i.e., Very good diversification). The correlation of Zevia Pbc 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.

Zevia Pbc Correlation With Market

Modest diversification

The correlation between Zevia Pbc and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zevia Pbc and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zevia Pbc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For information on how to trade Zevia Stock refer to our How to Trade Zevia Stock guide.

Moving together with Zevia Stock

0.72	STKL	SunOpta	Pair Corr
0.63	GO	Grocery Outlet Holding	Pair Corr
0.63	DLTR	Dollar Tree	Pair Corr
0.69	DTCK	Davis Commodities	Pair Corr
0.86	VITL	Vital Farms Sell-off Trend	Pair Corr
0.81	EDBL	Edible Garden AG	Pair Corr

Moving against Zevia Stock

0.85	KOF	Coca Cola Femsa	Pair Corr
0.79	KO	Coca Cola Sell-off Trend	Pair Corr
0.74	KR	Kroger Company	Pair Corr
0.73	KDP	Keurig Dr Pepper Sell-off Trend	Pair Corr
0.68	BJ	BJs Wholesale Club	Pair Corr
0.66	MNST	Monster Beverage Corp	Pair Corr
0.66	CCEP	Coca Cola European	Pair Corr
0.63	DG	Dollar General	Pair Corr
0.55	CL	Colgate Palmolive	Pair Corr
0.54	K	Kellanova	Pair Corr
0.45	PEP	PepsiCo	Pair Corr
0.33	BRFH	Barfresh Food Group	Pair Corr
0.88	MO	Altria Group	Pair Corr
0.8	DOLE	Dole PLC	Pair Corr
0.77	PG	Procter Gamble	Pair Corr
0.75	PM	Philip Morris Intern	Pair Corr
0.7	FARM	Farmer Bros	Pair Corr
0.68	WYHG	Wing Yip Food	Pair Corr
0.63	UL	Unilever PLC ADR	Pair Corr
0.52	ACI	Albertsons Companies	Pair Corr
0.46	TR	Tootsie Roll Industries	Pair Corr
0.44	ACU	Acme United	Pair Corr
0.41	WILC	G Willi Food Earnings Call Today	Pair Corr
0.39	WVVI	Willamette Valley Earnings Call This Week	Pair Corr
0.37	BRLSW	Borealis Foods	Pair Corr

Related Correlations Analysis

	JSDA	HSEEF	WTER	PRMW	COCO	KOF	CCEP	AKO-B	FIZZ	AKO-A
JSDA		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	JSDA
HSEEF	0.0		0.0	0.0	-0.2	-0.2	-0.19	-0.1	0.05	-0.07	HSEEF
WTER	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	WTER
PRMW	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	PRMW
COCO	0.0	-0.2	0.0	0.0		-0.2	0.02	-0.03	-0.11	-0.03	COCO
KOF	0.0	-0.2	0.0	0.0	-0.2		0.9	0.75	-0.42	0.62	KOF
CCEP	0.0	-0.19	0.0	0.0	0.02	0.9		0.78	-0.64	0.7	CCEP
AKO-B	0.0	-0.1	0.0	0.0	-0.03	0.75	0.78		-0.73	0.87	AKO-B
FIZZ	0.0	0.05	0.0	0.0	-0.11	-0.42	-0.64	-0.73		-0.83	FIZZ
AKO-A	0.0	-0.07	0.0	0.0	-0.03	0.62	0.7	0.87	-0.83		AKO-A
	JSDA	HSEEF	WTER	PRMW	COCO	KOF	CCEP	AKO-B	FIZZ	AKO-A

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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	+ 0.9	KOF
AKO-A	+ 0.87	AKO-B
AKO-B	+ 0.78	CCEP
AKO-B	+ 0.75	KOF
AKO-A	+ 0.7	CCEP
AKO-A	+ 0.62	KOF

High negative correlations

AKO-A	- 0.83	FIZZ
FIZZ	- 0.73	AKO-B
FIZZ	- 0.64	CCEP
FIZZ	- 0.42	KOF
KOF	- 0.2	COCO
KOF	- 0.2	HSEEF

Risk-Adjusted Indicators

There is a big difference between Zevia Stock performing well and Zevia Pbc 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 Zevia Pbc'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
JSDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HSEEF	7.19	1.98	0.00	10.69	0.00	0.00	20.00	(14.29)	200.66
WTER	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PRMW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
COCO	1.62	0.02	0.00	(0.07)	0.00	0.00	4.21	(4.42)	19.52
KOF	1.01	0.00	0.20	0.00	1.07	(1.22)	2.34	(2.10)	7.02
CCEP	0.91	0.14	0.17	0.38	1.05	(0.93)	2.09	(1.81)	5.08
AKO-B	1.77	0.39	0.20	(4.62)	2.01	(1.92)	4.07	(4.22)	10.40
FIZZ	1.09	(0.25)	0.00	1.48	0.00	0.00	2.10	(2.23)	7.80
AKO-A	2.09	0.43	0.19	(42.71)	2.00	(2.88)	5.28	(4.72)	13.89

Zevia Pbc Corporate Management

Hany Mikhail	Chief Officer	Profile
Stephanie Schonauer	Chief Officer	Profile
Quincy Troupe	Chief Officer	Profile
Stephanie Yuen	Controller	Profile
Greig DeBow	Chief Officer	Profile
Denise Beckles	Chief Officer	Profile

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