Celsius Holdings Correlations

CELH Stock

USD 61.90 0.32 0.51%

The current 90-days correlation between Celsius Holdings and Coca Cola Femsa SAB is 0.14 (i.e., Average 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

Average diversification

The correlation between Celsius Holdings and DJI is 0.12 (i.e., Average 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.

Build AI portfolio with Celsius Stock

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

0.67	PTAIY	Astra International Tbk Earnings Call Tomorrow	Pair Corr
0.66	HLIO	Helios Technologies	Pair Corr
0.71	TERN	Terns Pharmaceuticals Buyout Trend	Pair Corr

Moving against Celsius Stock

0.56	PIFMY	Indofood Sukses Makmur	Pair Corr
0.37	PTAIF	PT Astra International Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	KOF	PFGC	BG	FMX	COKE	USFD	CLX	MKC	SGI
KOF		-0.08	0.53	0.11	0.33	-0.18	-0.39	0.05	0.12	KOF
PFGC	-0.08		-0.12	0.22	0.07	-0.12	0.32	-0.33	0.63	PFGC
BG	0.53	-0.12		0.38	0.81	-0.53	-0.6	-0.1	0.33	BG
FMX	0.11	0.22	0.38		0.44	-0.41	-0.27	-0.7	0.28	FMX
COKE	0.33	0.07	0.81	0.44		-0.57	-0.45	-0.25	0.52	COKE
USFD	-0.18	-0.12	-0.53	-0.41	-0.57		0.59	0.53	-0.73	USFD
CLX	-0.39	0.32	-0.6	-0.27	-0.45	0.59		0.27	-0.29	CLX
MKC	0.05	-0.33	-0.1	-0.7	-0.25	0.53	0.27		-0.49	MKC
SGI	0.12	0.63	0.33	0.28	0.52	-0.73	-0.29	-0.49		SGI
	KOF	PFGC	BG	FMX	COKE	USFD	CLX	MKC	SGI

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

COKE	+ 0.81	BG
SGI	+ 0.63	PFGC
CLX	+ 0.59	USFD
BG	+ 0.53	KOF
MKC	+ 0.53	USFD
SGI	+ 0.52	COKE

High negative correlations

SGI	- 0.73	USFD
MKC	- 0.7	FMX
CLX	- 0.6	BG
USFD	- 0.57	COKE
USFD	- 0.53	BG
SGI	- 0.49	MKC

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
KOF	1.20	0.06	0.00	0.28	1.23	(1.41)	2.84	(2.01)	7.04
PFGC	0.98	(0.03)	(0.06)	0.02	1.23	(1.00)	2.57	(2.02)	6.61
BG	1.65	0.35	0.18	1.24	1.35	(2.12)	4.22	(2.59)	15.55
FMX	1.28	0.05	0.00	0.22	1.39	(1.42)	3.11	(2.71)	7.40
COKE	1.04	0.12	0.04	0.37	1.51	(1.01)	2.30	(2.53)	8.54
USFD	0.87	(0.23)	0.00	(0.23)	0.00	0.00	2.12	(2.04)	8.07
CLX	0.93	(0.15)	0.00	(0.36)	0.00	0.00	1.80	(1.99)	6.12
MKC	1.19	(0.13)	0.00	(0.66)	0.00	0.00	1.79	(2.23)	6.57
SGI	1.14	0.06	0.06	0.14	1.14	(1.34)	2.66	(1.98)	6.87

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
Rishi Daing	Chief Officer	Profile
Jarrod CPA	Chief Officer	Profile

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