Vita Coco Correlations

COCO Stock

USD 34.21 0.74 2.21%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Vita Coco moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vita Coco moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Vita Coco Correlation With Market

Very good diversification

The correlation between Vita Coco and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vita Coco and DJI in the same portfolio, assuming nothing else is changed.

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Vita Coco. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

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

Moving together with Vita Stock

0.66	ZVIA	Zevia Pbc	Pair Corr
0.67	BRFH	Barfresh Food Group	Pair Corr
0.63	EL	Estee Lauder Companies	Pair Corr
0.76	UG	United Guardian Earnings Call This Week	Pair Corr
0.85	DNUT	Krispy Kreme	Pair Corr
0.62	DTCK	Davis Commodities	Pair Corr

Moving against Vita Stock

0.76	CELH	Celsius Holdings Earnings Call Tomorrow	Pair Corr
0.75	KOF	Coca Cola Femsa	Pair Corr
0.75	MNST	Monster Beverage Corp	Pair Corr
0.74	DG	Dollar General	Pair Corr
0.73	KDP	Keurig Dr Pepper	Pair Corr
0.69	CL	Colgate Palmolive	Pair Corr
0.68	MO	Altria Group	Pair Corr
0.64	FIZZ	National Beverage Corp	Pair Corr
0.62	BG	Bunge Limited	Pair Corr
0.59	BJ	BJs Wholesale Club	Pair Corr
0.57	KO	Coca Cola	Pair Corr
0.54	K	Kellanova	Pair Corr
0.49	KR	Kroger Company	Pair Corr
0.44	CCEP	Coca Cola European	Pair Corr
0.78	VSTA	Vasta Platform	Pair Corr
0.54	UL	Unilever PLC ADR	Pair Corr
0.5	PM	Philip Morris Intern	Pair Corr
0.43	DOLE	Dole PLC	Pair Corr
0.35	TR	Tootsie Roll Industries	Pair Corr

Related Correlations Analysis

	PRMW	KOF	CCEP	AKO-B	MNST	PEP	KO	CELH	KDP
PRMW		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	PRMW
KOF	0.0		0.83	0.8	0.91	-0.33	0.73	0.9	0.91	KOF
CCEP	0.0	0.83		0.67	0.74	-0.27	0.64	0.67	0.81	CCEP
AKO-B	0.0	0.8	0.67		0.77	-0.6	0.42	0.74	0.65	AKO-B
MNST	0.0	0.91	0.74	0.77		-0.19	0.67	0.89	0.87	MNST
PEP	0.0	-0.33	-0.27	-0.6	-0.19		0.05	-0.32	-0.09	PEP
KO	0.0	0.73	0.64	0.42	0.67	0.05		0.59	0.7	KO
CELH	0.0	0.9	0.67	0.74	0.89	-0.32	0.59		0.88	CELH
KDP	0.0	0.91	0.81	0.65	0.87	-0.09	0.7	0.88		KDP
	PRMW	KOF	CCEP	AKO-B	MNST	PEP	KO	CELH	KDP

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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	+ 0.91	KOF
KDP	+ 0.91	KOF
CELH	+ 0.9	KOF
CELH	+ 0.89	MNST
KDP	+ 0.88	CELH
KDP	+ 0.87	MNST

High negative correlations

PEP	- 0.6	AKO-B
PEP	- 0.33	KOF
CELH	- 0.32	PEP
PEP	- 0.27	CCEP
PEP	- 0.19	MNST
KDP	- 0.09	PEP

Risk-Adjusted Indicators

There is a big difference between Vita Stock performing well and Vita Coco 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 Vita Coco'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
PRMW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KOF	1.25	0.33	0.26	2.85	1.34	(1.36)	2.65	(2.39)	9.29
CCEP	1.11	0.23	0.20	2.01	1.36	(1.19)	2.65	(1.76)	9.55
AKO-B	1.85	0.46	0.19	1.35	2.32	(2.06)	4.17	(3.48)	15.06
MNST	1.17	0.37	0.32	16.47	1.09	(1.28)	3.50	(1.50)	9.57
PEP	1.26	(0.16)	0.00	(2.60)	0.00	0.00	2.13	(3.13)	8.66
KO	1.05	0.24	0.24	0.81	1.18	(1.14)	1.94	(1.74)	9.15
CELH	3.39	0.66	0.25	(1.92)	2.98	(4.85)	9.91	(4.27)	42.08
KDP	1.11	0.11	0.13	1.14	1.57	(1.19)	2.42	(2.42)	7.81

Vita Coco Corporate Management

Rowena Ricalde	Principal CFO	Profile
Martin Roper	CoCEO Director	Profile
Charles Es	Chief Officer	Profile
Ira Liran	CoFounder Director	Profile
Jonathan Burth	Chief Officer	Profile
Corey Baker	Chief Officer	Profile

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