Zevia Pbc Correlations

ZVIA Stock

USD 3.08 1.05 51.72%

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

Weak diversification

The correlation between Zevia Pbc and DJI is 0.36 (i.e., Weak 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.

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Moving together with Zevia Stock

0.8	STKL	SunOpta Trending	Pair Corr
0.72	COCO	Vita Coco	Pair Corr
0.69	FC	Franklin Covey	Pair Corr
0.62	GO	Grocery Outlet Holding	Pair Corr
0.69	LW	Lamb Weston Holdings	Pair Corr
0.7	UG	United Guardian	Pair Corr
0.66	VITL	Vital Farms	Pair Corr
0.86	EDBL	Edible Garden AG Earnings Call This Week	Pair Corr
0.64	WILC	G Willi Food	Pair Corr

Moving against Zevia Stock

0.85	MNST	Monster Beverage Corp	Pair Corr
0.77	K	Kellanova Sell-off Trend	Pair Corr
0.71	KOF	Coca Cola Femsa	Pair Corr
0.7	KO	Coca Cola	Pair Corr
0.69	KDP	Keurig Dr Pepper	Pair Corr
0.69	CL	Colgate Palmolive Sell-off Trend	Pair Corr
0.68	CELH	Celsius Holdings	Pair Corr
0.59	BJ	BJs Wholesale Club	Pair Corr
0.58	BG	Bunge Limited	Pair Corr
0.46	FIZZ	National Beverage Corp	Pair Corr
0.46	CCEP	Coca Cola European	Pair Corr
0.84	MO	Altria Group	Pair Corr
0.62	DG	Dollar General	Pair Corr
0.62	DOLE	Dole PLC Earnings Call This Week	Pair Corr
0.6	TR	Tootsie Roll Industries	Pair Corr
0.58	PM	Philip Morris Intern	Pair Corr
0.56	UL	Unilever PLC ADR	Pair Corr
0.47	BRLSW	Borealis Foods	Pair Corr
0.42	KR	Kroger Company	Pair Corr
0.91	BUD	Anheuser Busch Inbev	Pair Corr
0.52	ACI	Albertsons Companies	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	0.18	-0.34	-0.22	-0.35	-0.28	-0.34	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	0.18	0.0	0.0		-0.72	-0.4	-0.48	-0.59	-0.42	COCO
KOF	0.0	-0.34	0.0	0.0	-0.72		0.84	0.8	0.75	0.75	KOF
CCEP	0.0	-0.22	0.0	0.0	-0.4	0.84		0.7	0.58	0.7	CCEP
AKO-B	0.0	-0.35	0.0	0.0	-0.48	0.8	0.7		0.78	0.94	AKO-B
FIZZ	0.0	-0.28	0.0	0.0	-0.59	0.75	0.58	0.78		0.73	FIZZ
AKO-A	0.0	-0.34	0.0	0.0	-0.42	0.75	0.7	0.94	0.73		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

AKO-A	+ 0.94	AKO-B
CCEP	+ 0.84	KOF
AKO-B	+ 0.8	KOF
FIZZ	+ 0.78	AKO-B
FIZZ	+ 0.75	KOF
AKO-A	+ 0.75	KOF

High negative correlations

KOF	- 0.72	COCO
FIZZ	- 0.59	COCO
AKO-B	- 0.48	COCO
AKO-A	- 0.42	COCO
CCEP	- 0.4	COCO
AKO-B	- 0.35	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	4.05	0.84	0.00	1.14	0.00	0.00	0.00	0.00	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	2.37	0.10	0.02	(0.01)	4.41	(2.01)	4.75	(5.52)	16.59
KOF	1.26	0.36	0.26	0.91	1.30	(1.37)	2.65	(2.39)	9.29
CCEP	1.09	0.28	0.20	0.57	1.35	(1.14)	2.65	(1.76)	9.55
AKO-B	1.83	0.53	0.20	0.76	2.24	(1.98)	4.17	(3.48)	15.06
FIZZ	1.27	0.10	0.14	1.94	1.33	(1.41)	3.28	(1.90)	7.80
AKO-A	2.14	0.53	0.19	1.66	2.25	(2.91)	5.85	(4.54)	17.49

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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