Vita Coco Correlations

COCO Stock

USD 54.32 0.18 0.33%

The current 90-days correlation between Vita Coco and Boston Beer is -0.03 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Vita Coco moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vita Coco moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Vita Coco Correlation With Market

Significant diversification

The correlation between Vita Coco and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vita Coco and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Vita Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Vita Coco. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in private.

To learn how to invest in Vita Stock, please use our How to Invest in Vita Coco guide.

Moving together with Vita Stock

0.69	KO	Coca Cola	Pair Corr
0.62	FINN	First National	Pair Corr
0.87	COHN	Cohen Company	Pair Corr
0.76	ARR	ARMOUR Residential REIT	Pair Corr
0.63	TRV	The Travelers Companies	Pair Corr
0.73	WMT	Walmart	Pair Corr
0.67	CAT	Caterpillar	Pair Corr
0.91	MRK	Merck Company	Pair Corr
0.73	DD	Dupont De Nemours	Pair Corr
0.74	AA	Alcoa Corp	Pair Corr
0.65	MMM	3M Company	Pair Corr
0.83	JNJ	Johnson Johnson	Pair Corr

Moving against Vita Stock

0.71	CTDD	Qwest Corp 6	Pair Corr
0.63	SKM	SK Telecom	Pair Corr
0.48	CTBB	Qwest Corp NT	Pair Corr
0.75	HD	Home Depot	Pair Corr
0.62	BA	Boeing	Pair Corr
0.52	CVX	Chevron Corp	Pair Corr
0.42	T	ATT Inc	Pair Corr

Related Correlations Analysis

	SAM	CCU	CHA	CHEF	UNFI	FLO	FIZZ	SMPL	PRDO	MH
SAM		-0.76	0.87	-0.01	0.05	0.86	0.74	0.76	0.89	-0.57	SAM
CCU	-0.76		-0.64	0.0	0.09	-0.77	-0.73	-0.83	-0.74	0.53	CCU
CHA	0.87	-0.64		0.12	-0.17	0.86	0.78	0.79	0.85	-0.39	CHA
CHEF	-0.01	0.0	0.12		-0.65	0.29	0.22	0.25	-0.14	0.15	CHEF
UNFI	0.05	0.09	-0.17	-0.65		-0.3	-0.38	-0.36	0.06	-0.43	UNFI
FLO	0.86	-0.77	0.86	0.29	-0.3		0.85	0.89	0.78	-0.43	FLO
FIZZ	0.74	-0.73	0.78	0.22	-0.38	0.85		0.93	0.63	-0.08	FIZZ
SMPL	0.76	-0.83	0.79	0.25	-0.36	0.89	0.93		0.72	-0.23	SMPL
PRDO	0.89	-0.74	0.85	-0.14	0.06	0.78	0.63	0.72		-0.61	PRDO
MH	-0.57	0.53	-0.39	0.15	-0.43	-0.43	-0.08	-0.23	-0.61		MH
	SAM	CCU	CHA	CHEF	UNFI	FLO	FIZZ	SMPL	PRDO	MH

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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

SMPL	+ 0.93	FIZZ
PRDO	+ 0.89	SAM
SMPL	+ 0.89	FLO
CHA	+ 0.87	SAM
FLO	+ 0.86	SAM
FLO	+ 0.86	CHA

High negative correlations

SMPL	- 0.83	CCU
FLO	- 0.77	CCU
CCU	- 0.76	SAM
PRDO	- 0.74	CCU
FIZZ	- 0.73	CCU
UNFI	- 0.65	CHEF

Risk-Adjusted Indicators

There is a big difference between Vita Stock performing well and Vita Coco 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 Vita Coco'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
SAM	1.58	(0.25)	0.00	(0.22)	0.00	0.00	3.04	(4.17)	10.23
CCU	1.37	0.10	0.05	0.17	1.57	(1.42)	2.48	(2.43)	9.52
CHA	2.26	(0.31)	0.00	(0.16)	0.00	0.00	6.04	(3.93)	15.11
CHEF	1.61	(0.13)	0.00	(0.15)	0.00	0.00	2.83	(3.66)	10.34
UNFI	2.31	0.24	0.08	0.23	2.92	(2.56)	4.63	(4.04)	27.61
FLO	1.37	(0.52)	0.00	(0.72)	0.00	0.00	2.53	(3.59)	7.13
FIZZ	1.32	(0.21)	0.00	(4.47)	0.00	0.00	2.67	(2.93)	7.83
SMPL	1.78	(0.53)	0.00	0.45	0.00	0.00	2.40	(3.68)	20.64
PRDO	1.40	(0.29)	0.00	(0.29)	0.00	0.00	2.71	(3.58)	14.35
MH	2.75	0.17	0.06	0.21	2.80	(3.48)	6.07	(3.97)	28.70

Vita Coco Corporate Management

Rowena Ricalde	Principal CFO	Profile
Martin Roper	CoCEO Director	Profile
Charles Es	Chief Officer	Profile
Ira Liran	CoFounder Director	Profile
Jonathan Burth	Chief Officer	Profile
Corey Baker	Chief Officer	Profile

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