Vita Coco Correlations

COCO Stock

USD 30.82 0.09 0.29%

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

Very weak diversification

The correlation between Vita Coco and DJI is 0.42 (i.e., Very weak 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.

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Moving together with Vita Stock

0.75	ZVIA	Zevia Pbc	Pair Corr
0.88	STKL	SunOpta	Pair Corr
0.7	BRFH	Barfresh Food Group	Pair Corr
0.69	EL	Estee Lauder Companies Earnings Call This Week	Pair Corr
0.85	FC	Franklin Covey	Pair Corr
0.84	UG	United Guardian	Pair Corr
0.88	DNUT	Krispy Kreme	Pair Corr

Moving against Vita Stock

0.81	MNST	Monster Beverage Corp	Pair Corr
0.8	DG	Dollar General	Pair Corr
0.79	CELH	Celsius Holdings	Pair Corr
0.78	KDP	Keurig Dr Pepper Sell-off Trend	Pair Corr
0.78	KOF	Coca Cola Femsa	Pair Corr
0.69	CL	Colgate Palmolive	Pair Corr
0.67	BJ	BJs Wholesale Club	Pair Corr
0.64	K	Kellanova Earnings Call This Week	Pair Corr
0.63	KO	Coca Cola Earnings Call This Week	Pair Corr
0.62	CCEP	Coca Cola European	Pair Corr
0.52	FIZZ	National Beverage Corp	Pair Corr
0.46	BG	Bunge Limited	Pair Corr
0.32	PRMB	Primo Brands	Pair Corr
0.75	MO	Altria Group Earnings Call This Week	Pair Corr
0.66	UL	Unilever PLC ADR	Pair Corr
0.61	PM	Philip Morris Intern	Pair Corr
0.6	KR	Kroger Company	Pair Corr
0.52	DOLE	Dole PLC	Pair Corr
0.46	TR	Tootsie Roll Industries	Pair Corr

Related Correlations Analysis

	PRMW	KOF	CCEP	AKO-B	MNST	PEP	KO	CELH	KDP
PRMW		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	PRMW
KOF	0.0		0.87	0.87	0.92	-0.22	0.91	0.86	0.93	KOF
CCEP	0.0	0.87		0.7	0.77	-0.1	0.9	0.66	0.83	CCEP
AKO-B	0.0	0.87	0.7		0.8	-0.37	0.75	0.77	0.77	AKO-B
MNST	0.0	0.92	0.77	0.8		-0.04	0.84	0.89	0.9	MNST
PEP	0.0	-0.22	-0.1	-0.37	-0.04		-0.01	-0.25	-0.04	PEP
KO	0.0	0.91	0.9	0.75	0.84	-0.01		0.67	0.87	KO
CELH	0.0	0.86	0.66	0.77	0.89	-0.25	0.67		0.87	CELH
KDP	0.0	0.93	0.83	0.77	0.9	-0.04	0.87	0.87		KDP
	PRMW	KOF	CCEP	AKO-B	MNST	PEP	KO	CELH	KDP

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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

KDP	+ 0.93	KOF
MNST	+ 0.92	KOF
KO	+ 0.91	KOF
KO	+ 0.9	CCEP
KDP	+ 0.9	MNST
CELH	+ 0.89	MNST

High negative correlations

PEP	- 0.37	AKO-B
CELH	- 0.25	PEP
PEP	- 0.22	KOF
PEP	- 0.1	CCEP
KDP	- 0.04	PEP
PEP	- 0.04	MNST

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
PRMW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KOF	1.24	0.47	0.36	1.05	1.13	(1.41)	2.65	(1.87)	8.80
CCEP	1.14	0.17	0.21	(1.01)	1.38	(1.23)	2.65	(1.76)	9.55
AKO-B	1.95	0.67	0.26	0.92	2.17	(2.24)	5.84	(3.48)	15.86
MNST	1.23	0.35	0.25	0.50	1.31	(1.26)	3.50	(2.24)	9.57
PEP	1.31	(0.10)	0.00	(0.48)	0.00	0.00	2.26	(3.14)	8.66
KO	1.11	0.28	0.27	0.93	1.18	(1.22)	2.24	(2.23)	9.15
CELH	3.43	0.79	0.24	0.93	3.19	(4.57)	9.91	(4.43)	42.08
KDP	1.15	0.19	0.18	0.47	1.54	(1.24)	2.42	(2.42)	7.81

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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