National Beverage Correlations

FIZZ Stock

USD 48.80 0.15 0.31%

The current 90-days correlation between National Beverage Corp and Celsius Holdings is 0.08 (i.e., Significant diversification). The correlation of National Beverage 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. If the correlation is 0, the equities are not correlated; they are entirely random.

National Beverage Correlation With Market

Modest diversification

The correlation between National Beverage Corp and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding National Beverage Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in National Beverage Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving against National Stock

0.47	CL	Colgate Palmolive Fiscal Year End 24th of January 2025	Pair Corr
0.45	PEP	PepsiCo	Pair Corr
0.4	EL	Estee Lauder Companies	Pair Corr
0.39	KO	Coca Cola Sell-off Trend	Pair Corr
0.36	KDP	Keurig Dr Pepper Sell-off Trend	Pair Corr
0.36	BG	Bunge Limited	Pair Corr
0.34	COKE	Coca Cola Consolidated	Pair Corr
0.31	GV	Visionary Education Buyout Trend	Pair Corr
0.51	BRBMF	Big Rock Brewery Earnings Call This Week	Pair Corr
0.39	UL	Unilever PLC ADR	Pair Corr
0.36	PG	Procter Gamble	Pair Corr
0.36	EAST	Eastside Distilling Earnings Call This Week	Pair Corr

Related Correlations Analysis

	CELH	MNST	KOF	KDP	AKO-B	AKO-A	CCEP	PRMW	COKE
CELH		-0.76	0.26	-0.07	0.22	0.35	-0.14	-0.77	0.32	CELH
MNST	-0.76		-0.22	-0.03	-0.15	-0.44	0.07	0.91	-0.42	MNST
KOF	0.26	-0.22		0.58	0.51	0.23	0.2	-0.19	0.43	KOF
KDP	-0.07	-0.03	0.58		0.47	0.42	0.64	-0.02	0.73	KDP
AKO-B	0.22	-0.15	0.51	0.47		0.52	-0.01	-0.08	0.49	AKO-B
AKO-A	0.35	-0.44	0.23	0.42	0.52		0.38	-0.43	0.59	AKO-A
CCEP	-0.14	0.07	0.2	0.64	-0.01	0.38		-0.01	0.53	CCEP
PRMW	-0.77	0.91	-0.19	-0.02	-0.08	-0.43	-0.01		-0.4	PRMW
COKE	0.32	-0.42	0.43	0.73	0.49	0.59	0.53	-0.4		COKE
	CELH	MNST	KOF	KDP	AKO-B	AKO-A	CCEP	PRMW	COKE

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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

PRMW	+ 0.91	MNST
COKE	+ 0.73	KDP
CCEP	+ 0.64	KDP
COKE	+ 0.59	AKO-A
KDP	+ 0.58	KOF
COKE	+ 0.53	CCEP

High negative correlations

PRMW	- 0.77	CELH
MNST	- 0.76	CELH
AKO-A	- 0.44	MNST
PRMW	- 0.43	AKO-A
COKE	- 0.42	MNST
COKE	- 0.4	PRMW

Risk-Adjusted Indicators

There is a big difference between National Stock performing well and National Beverage 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 National Beverage'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
CELH	2.75	(0.53)	0.00	(0.35)	0.00	0.00	6.02	(4.87)	20.47
MNST	1.12	0.16	(0.02)	(0.79)	2.19	(1.17)	2.48	(1.35)	10.92
KOF	1.16	(0.12)	0.00	(0.08)	0.00	0.00	2.21	(2.12)	4.97
KDP	0.64	(0.11)	0.00	(0.28)	0.00	0.00	1.22	(1.03)	6.32
AKO-B	1.53	(0.03)	(0.09)	(0.08)	2.13	(1.53)	2.96	(3.04)	9.77
AKO-A	1.92	(0.02)	(0.05)	0.11	2.45	(2.40)	4.18	(5.01)	20.10
CCEP	0.79	0.01	(0.09)	0.19	1.01	(0.75)	1.62	(1.68)	4.87
PRMW	1.16	0.18	0.03	0.81	1.30	(1.18)	2.38	(2.29)	12.62
COKE	1.15	(0.21)	0.00	(0.10)	0.00	0.00	2.63	(1.71)	10.48

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