Boston Beer Correlations

SAM Stock

USD 209.26 4.76 2.33%

The current 90-days correlation between Boston Beer and Compania Cervecerias Unidas is 0.21 (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

Weak diversification

The correlation between Boston Beer and DJI is 0.3 (i.e., Weak 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.

Build AI portfolio with Boston Stock

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

0.65	BR	Big Rock Brewery	Pair Corr
0.88	605499	Eastroc Beverage	Pair Corr
0.66	600600	Tsingtao Brewery	Pair Corr
0.62	002461	Guangzhou Zhujiang	Pair Corr

Moving against Boston Stock

0.84	ABEV	Ambev SA ADR	Pair Corr
0.71	GLUC	Glucose Health	Pair Corr
0.77	MBGYY	Mercedes Benz Group	Pair Corr
0.75	TPB	Turning Point Brands	Pair Corr
0.71	ECBK	ECB Bancorp	Pair Corr
0.62	FHN-PC	First Horizon Earnings Call This Week	Pair Corr
0.61	MONOY	Monotaro	Pair Corr
0.52	LNC	Lincoln National	Pair Corr
0.47	CICOF	COSCO SHIPPING Holdings	Pair Corr
0.32	UOLGY	UOL Group	Pair Corr
0.9	JAPAY	Japan Tobacco ADR	Pair Corr
0.72	NRDS	Nerdwallet	Pair Corr
0.64	RIVN	Rivian Automotive	Pair Corr
0.56	RDNW	RideNow Group Symbol Change	Pair Corr
0.39	FIVE	Five Below	Pair Corr
0.33	PFSB	Pennfed Financial	Pair Corr

Related Correlations Analysis

	CCU	COCO	CHA	UNFI	SMPL	CHEF	FLO	PRDO	MH	FIZZ
CCU		0.69	-0.33	-0.31	-0.28	0.19	-0.36	-0.27	0.34	-0.04	CCU
COCO	0.69		-0.67	-0.63	-0.37	0.47	-0.61	-0.57	0.75	-0.23	COCO
CHA	-0.33	-0.67		0.56	0.37	-0.54	0.64	0.61	-0.51	0.57	CHA
UNFI	-0.31	-0.63	0.56		0.77	-0.48	0.82	0.76	-0.78	0.68	UNFI
SMPL	-0.28	-0.37	0.37	0.77		-0.4	0.77	0.71	-0.51	0.73	SMPL
CHEF	0.19	0.47	-0.54	-0.48	-0.4		-0.31	-0.45	0.28	-0.54	CHEF
FLO	-0.36	-0.61	0.64	0.82	0.77	-0.31		0.88	-0.77	0.68	FLO
PRDO	-0.27	-0.57	0.61	0.76	0.71	-0.45	0.88		-0.71	0.57	PRDO
MH	0.34	0.75	-0.51	-0.78	-0.51	0.28	-0.77	-0.71		-0.39	MH
FIZZ	-0.04	-0.23	0.57	0.68	0.73	-0.54	0.68	0.57	-0.39		FIZZ
	CCU	COCO	CHA	UNFI	SMPL	CHEF	FLO	PRDO	MH	FIZZ

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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

PRDO	+ 0.88	FLO
FLO	+ 0.82	UNFI
SMPL	+ 0.77	UNFI
FLO	+ 0.77	SMPL
PRDO	+ 0.76	UNFI
MH	+ 0.75	COCO

High negative correlations

MH	- 0.78	UNFI
MH	- 0.77	FLO
MH	- 0.71	PRDO
CHA	- 0.67	COCO
UNFI	- 0.63	COCO
FLO	- 0.61	COCO

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
CCU	1.37	0.26	0.14	0.43	1.43	(1.46)	2.61	(2.23)	9.52
COCO	1.97	0.48	0.16	(4.42)	2.03	(2.20)	4.54	(3.37)	13.09
CHA	2.52	(0.28)	0.00	(0.14)	0.00	0.00	6.04	(4.47)	16.14
UNFI	1.79	(0.38)	0.00	(0.36)	0.00	0.00	3.25	(7.32)	13.48
SMPL	1.73	(0.17)	0.00	2.13	0.00	0.00	2.73	(2.61)	19.75
CHEF	1.30	0.05	0.01	0.15	1.57	(1.29)	2.30	(2.35)	10.20
FLO	1.49	(0.30)	0.00	(0.35)	0.00	0.00	3.54	(3.72)	11.13
PRDO	1.41	(0.22)	0.00	(0.15)	0.00	0.00	2.13	(3.58)	12.03
MH	2.51	0.46	0.09	(0.34)	2.90	(2.95)	6.07	(3.29)	34.91
FIZZ	1.35	(0.18)	0.00	(1.56)	0.00	0.00	2.99	(3.05)	7.83

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