Celsius Holdings Correlations

CELH Stock

USD 31.72 0.81 2.49%

The current 90-days correlation between Celsius Holdings and Grupo Aeroportuario del is 0.32 (i.e., Weak 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

Very weak diversification

The correlation between Celsius Holdings and DJI is 0.41 (i.e., Very weak 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.

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

0.86	FIZZ	National Beverage Corp	Pair Corr
0.82	REED	Reeds Inc	Pair Corr
0.73	BRFH	Barfresh Food Group	Pair Corr
0.79	BG	Bunge Limited	Pair Corr
0.82	BJ	BJs Wholesale Club Sell-off Trend	Pair Corr
0.81	DG	Dollar General	Pair Corr
0.87	EL	Estee Lauder Companies	Pair Corr
0.93	GO	Grocery Outlet Holding	Pair Corr
0.71	LW	Lamb Weston Holdings Earnings Call This Week	Pair Corr
0.78	YI	111 Inc	Pair Corr

Moving against Celsius Stock

0.96	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.92	KDP	Keurig Dr Pepper	Pair Corr
0.9	K	Kellanova	Pair Corr
0.89	COKE	Coca Cola Consolidated	Pair Corr
0.88	CL	Colgate Palmolive Fiscal Year End 24th of January 2025	Pair Corr
0.84	PEP	PepsiCo	Pair Corr
0.84	ZVIA	Zevia Pbc	Pair Corr
0.8	CCEP	Coca Cola European	Pair Corr
0.75	PRMW	Primo Water Corp	Pair Corr
0.63	WTER	Alkaline Water	Pair Corr
0.51	KOF	Coca Cola Femsa	Pair Corr
0.95	PM	Philip Morris Intern Sell-off Trend	Pair Corr
0.95	UL	Unilever PLC ADR	Pair Corr
0.94	DOLE	Dole PLC	Pair Corr
0.9	UG	United Guardian	Pair Corr
0.88	MO	Altria Group Sell-off Trend	Pair Corr
0.85	PG	Procter Gamble	Pair Corr
0.84	WILC	G Willi Food	Pair Corr
0.61	KR	Kroger Company	Pair Corr
0.56	DNUT	Krispy Kreme	Pair Corr
0.33	TR	Tootsie Roll Industries	Pair Corr

Related Correlations Analysis

	FMX	TV	ASR	PAC	OMAB
FMX		0.33	0.58	-0.54	0.22	FMX
TV	0.33		0.8	-0.36	0.5	TV
ASR	0.58	0.8		-0.21	0.76	ASR
PAC	-0.54	-0.36	-0.21		0.32	PAC
OMAB	0.22	0.5	0.76	0.32		OMAB
	FMX	TV	ASR	PAC	OMAB

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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

ASR	+ 0.8	TV
OMAB	+ 0.76	ASR
ASR	+ 0.58	FMX
OMAB	+ 0.5	TV
TV	+ 0.33	FMX
OMAB	+ 0.32	PAC

High negative correlations

PAC	- 0.54	FMX
PAC	- 0.36	TV
PAC	- 0.21	ASR

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
FMX	1.27	(0.18)	0.00	(0.10)	0.00	0.00	2.28	(2.54)	7.76
TV	2.39	(0.29)	0.00	(0.08)	0.00	0.00	5.05	(4.69)	15.10
ASR	1.38	(0.20)	0.00	(0.05)	0.00	0.00	2.79	(2.65)	8.00
PAC	1.74	0.14	0.08	0.24	1.82	(1.90)	4.29	(3.21)	12.54
OMAB	1.80	(0.12)	(0.04)	0.02	2.12	(1.79)	4.01	(3.29)	10.40

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
Ronnie Char	Managing Asia	Profile
Paul Wiseman	Senior Relations	Profile

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