Oatly Group Correlations

OTLY Stock

USD 14.97 0.33 2.25%

The current 90-days correlation between Oatly Group AB and Vita Coco is 0.11 (i.e., Average diversification). The correlation of Oatly Group 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.

Oatly Group Correlation With Market

Average diversification

The correlation between Oatly Group AB and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oatly Group AB and DJI in the same portfolio, assuming nothing else is changed.

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oatly Group AB. 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.

Moving together with Oatly Stock

0.61	BUD	Anheuser Busch Inbev	Pair Corr
0.79	SFD	Smithfield Foods, Common	Pair Corr
0.65	LWAY	Lifeway Foods	Pair Corr
0.78	RKDA	Arcadia Biosciences	Pair Corr
0.62	RMCF	Rocky Mountain Chocolate	Pair Corr
0.82	DG	Dollar General	Pair Corr
0.86	EL	Estee Lauder Companies Earnings Call This Week	Pair Corr
0.7	IH	Ihuman Inc Trending	Pair Corr
0.83	PM	Philip Morris Intern Earnings Call This Week	Pair Corr
0.75	TR	Tootsie Roll Industries Earnings Call This Week	Pair Corr

Moving against Oatly Stock

0.88	IMG	CIMG Inc Symbol Change	Pair Corr
0.86	CCU	Compania Cervecerias	Pair Corr
0.84	SAM	Boston Beer Earnings Call This Week	Pair Corr
0.77	STZ	Constellation Brands	Pair Corr
0.73	PAVS	Paranovus Entertainment	Pair Corr
0.7	K	Kellanova Earnings Call This Week	Pair Corr
0.67	BJ	BJs Wholesale Club	Pair Corr
0.66	TSN	Tyson Foods	Pair Corr
0.58	CL	Colgate Palmolive Earnings Call This Week	Pair Corr
0.56	GO	Grocery Outlet Holding	Pair Corr
0.48	TWG	Top Wealth Group	Pair Corr
0.46	GV	Visionary Education	Pair Corr
0.33	BRID	Bridgford Foods	Pair Corr
0.8	JZ	Jianzhi Education	Pair Corr
0.76	WVVI	Willamette Valley	Pair Corr
0.75	WGRX	Wellgistics Health, Buyout Trend	Pair Corr
0.7	EEIQ	Elite Education Group	Pair Corr
0.66	FARM	Farmer Bros	Pair Corr
0.59	PG	Procter Gamble	Pair Corr
0.55	VSTA	Vasta Platform	Pair Corr
0.5	KO	Coca Cola Earnings Call This Week	Pair Corr
0.43	UL	Unilever PLC ADR	Pair Corr
0.42	EDTK	Skillful Craftsman	Pair Corr

Related Correlations Analysis

	MNST	COCO	PEP	KO	KOF	FIZZ	CELH	KDP	CCEP	PRMW
MNST		0.35	-0.63	-0.08	0.43	0.3	0.2	-0.74	0.21	0.0	MNST
COCO	0.35		-0.1	-0.44	-0.35	0.41	0.57	-0.46	0.7	0.0	COCO
PEP	-0.63	-0.1		0.35	-0.08	0.16	0.11	0.63	0.17	0.0	PEP
KO	-0.08	-0.44	0.35		0.58	0.16	-0.46	0.44	-0.29	0.0	KO
KOF	0.43	-0.35	-0.08	0.58		0.22	-0.12	-0.05	-0.04	0.0	KOF
FIZZ	0.3	0.41	0.16	0.16	0.22		0.3	-0.29	0.57	0.0	FIZZ
CELH	0.2	0.57	0.11	-0.46	-0.12	0.3		-0.38	0.82	0.0	CELH
KDP	-0.74	-0.46	0.63	0.44	-0.05	-0.29	-0.38		-0.35	0.0	KDP
CCEP	0.21	0.7	0.17	-0.29	-0.04	0.57	0.82	-0.35		0.0	CCEP
PRMW	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		PRMW
	MNST	COCO	PEP	KO	KOF	FIZZ	CELH	KDP	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	+ 0.82	CELH
CCEP	+ 0.7	COCO
KDP	+ 0.63	PEP
KOF	+ 0.58	KO
CELH	+ 0.57	COCO
CCEP	+ 0.57	FIZZ

High negative correlations

KDP	- 0.74	MNST
PEP	- 0.63	MNST
CELH	- 0.46	KO
KDP	- 0.46	COCO
KO	- 0.44	COCO
KDP	- 0.38	CELH

Risk-Adjusted Indicators

There is a big difference between Oatly Stock performing well and Oatly Group 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 Oatly Group'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
MNST	0.87	(0.05)	(0.11)	0.01	1.12	(0.88)	1.51	(1.84)	5.47
COCO	1.60	0.29	0.12	0.78	1.57	(1.85)	3.21	(2.27)	9.61
PEP	1.08	(0.09)	0.00	(0.03)	0.00	0.00	2.20	(1.93)	6.85
KO	0.75	(0.08)	0.00	(0.26)	0.00	0.00	1.55	(1.28)	4.81
KOF	1.20	(0.03)	0.00	13.05	0.00	0.00	2.36	(2.74)	7.92
FIZZ	1.23	0.00	(0.03)	0.13	1.28	(1.40)	2.99	(2.27)	6.95
CELH	1.78	0.19	0.07	0.39	1.83	(2.11)	4.81	(3.09)	10.55
KDP	0.80	(0.03)	0.00	0.27	0.00	0.00	1.55	(1.71)	4.26
CCEP	0.82	0.14	0.03	1.24	0.77	(0.96)	2.03	(1.40)	5.17
PRMW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Oatly Group Corporate Management

Peter Bergh	Chief Officer	Profile
Ashley Allen	Chief Officer	Profile
Matthew Merritt	General Counsel	Profile
MarieJose David	Chief Officer	Profile
Christine Shillington	Chief Officer	Profile
Toni Petersson	CEO Director	Profile

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