Celsius Holdings Correlations

CELH Stock

USD 35.79 1.90 5.61%

The current 90-days correlation between Celsius Holdings and Coca Cola Femsa SAB is 0.06 (i.e., Significant diversification). The correlation of Celsius Holdings 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.

Celsius Holdings Correlation With Market

Good diversification

The correlation between Celsius Holdings and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Celsius Holdings and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Celsius Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Celsius Holdings. 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.

For more detail on how to invest in Celsius Stock please use our How to Invest in Celsius Holdings guide.

Moving together with Celsius Stock

0.67	KO	Coca Cola	Pair Corr
0.77	FIZZ	National Beverage Corp	Pair Corr
0.87	KDP	Keurig Dr Pepper Sell-off Trend	Pair Corr
0.88	KOF	Coca Cola Femsa	Pair Corr
0.86	MNST	Monster Beverage Corp	Pair Corr
0.68	CCEP	Coca Cola European	Pair Corr
0.65	K	Kellanova	Pair Corr
0.76	BG	Bunge Limited	Pair Corr
0.75	BJ	BJs Wholesale Club	Pair Corr
0.66	CL	Colgate Palmolive Sell-off Trend	Pair Corr
0.92	DG	Dollar General	Pair Corr
0.71	KR	Kroger Company	Pair Corr
0.78	MO	Altria Group	Pair Corr
0.68	PM	Philip Morris Intern	Pair Corr
0.72	UL	Unilever PLC ADR	Pair Corr

Moving against Celsius Stock

0.78	COCO	Vita Coco	Pair Corr
0.74	BRFH	Barfresh Food Group	Pair Corr
0.71	EL	Estee Lauder Companies	Pair Corr
0.66	ZVIA	Zevia Pbc	Pair Corr
0.49	JZ	Jianzhi Education	Pair Corr
0.46	SHOTW	Safety Shot	Pair Corr
0.43	SHOT	Safety Shot Earnings Call This Week	Pair Corr
0.36	PEP	PepsiCo	Pair Corr
0.9	UG	United Guardian Earnings Call Tomorrow	Pair Corr
0.9	EWCZ	European Wax Center	Pair Corr
0.9	FAMI	Farmmi Inc	Pair Corr
0.84	EEIQ	Elite Education Group	Pair Corr
0.82	DNUT	Krispy Kreme	Pair Corr
0.78	WILC	G Willi Food	Pair Corr
0.73	DTCK	Davis Commodities	Pair Corr
0.69	EDBL	Edible Garden AG Earnings Call This Week	Pair Corr
0.62	WAFU	Wah Fu Education	Pair Corr
0.56	CENTA	Central Garden Pet	Pair Corr
0.45	PG	Procter Gamble	Pair Corr
0.42	FARM	Farmer Bros	Pair Corr
0.36	LW	Lamb Weston Holdings	Pair Corr

Related Correlations Analysis

	COCO	KDP	PEP	KOF	FIZZ	MNST	KO	COKE
COCO		-0.73	0.06	-0.74	-0.6	-0.74	-0.58	0.14	COCO
KDP	-0.73		-0.12	0.91	0.7	0.87	0.85	-0.1	KDP
PEP	0.06	-0.12		-0.35	-0.47	-0.24	-0.11	0.27	PEP
KOF	-0.74	0.91	-0.35		0.71	0.92	0.88	-0.18	KOF
FIZZ	-0.6	0.7	-0.47	0.71		0.66	0.55	-0.23	FIZZ
MNST	-0.74	0.87	-0.24	0.92	0.66		0.83	-0.42	MNST
KO	-0.58	0.85	-0.11	0.88	0.55	0.83		-0.1	KO
COKE	0.14	-0.1	0.27	-0.18	-0.23	-0.42	-0.1		COKE
	COCO	KDP	PEP	KOF	FIZZ	MNST	KO	COKE

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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

MNST	+ 0.92	KOF
KOF	+ 0.91	KDP
KO	+ 0.88	KOF
MNST	+ 0.87	KDP
KO	+ 0.85	KDP
KO	+ 0.83	MNST

High negative correlations

MNST	- 0.74	COCO
KOF	- 0.74	COCO
KDP	- 0.73	COCO
FIZZ	- 0.6	COCO
KO	- 0.58	COCO
FIZZ	- 0.47	PEP

Risk-Adjusted Indicators

There is a big difference between Celsius Stock performing well and Celsius Holdings 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 Celsius Holdings' 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
COCO	2.38	0.07	0.00	(0.05)	0.00	0.00	4.75	(5.52)	16.59
KDP	1.11	0.15	0.14	0.32	1.58	(1.16)	2.42	(2.42)	7.81
PEP	1.25	(0.16)	0.00	(0.70)	0.00	0.00	2.13	(3.13)	8.66
KOF	1.27	0.35	0.26	0.84	1.36	(1.37)	2.65	(2.39)	9.29
FIZZ	1.30	0.07	0.13	1.24	1.41	(1.41)	3.28	(2.28)	7.80
MNST	1.21	0.39	0.29	0.58	1.21	(1.29)	3.50	(1.87)	9.57
KO	1.01	0.23	0.23	0.78	1.16	(1.06)	1.87	(1.74)	9.15
COKE	1.80	(0.13)	0.00	(0.34)	0.00	0.00	2.87	(5.10)	18.19

Celsius Holdings Corporate Management

Edwin NegronCarballo	Ex Officer	Profile
Marcus Sandifer	Gen Affairs	Profile
Danielle Babich	Senior Resources	Profile
Paul Storey	Senior Operations	Profile
Robin Lybeck	Managing Europe	Profile
Jarrod CPA	Chief Officer	Profile
Ronnie Char	Managing Asia	Profile

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