Keurig Dr Correlations

KDP Stock

USD 34.24 0.64 1.90%

The current 90-days correlation between Keurig Dr Pepper and Coca Cola Consolidated is 0.4 (i.e., Very weak diversification). The correlation of Keurig Dr 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.

Keurig Dr Correlation With Market

Modest diversification

The correlation between Keurig Dr Pepper and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Keurig Dr Pepper and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Keurig Dr Pepper. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Keurig Stock

0.89	KO	Coca Cola	Pair Corr
0.94	KOF	Coca Cola Femsa	Pair Corr
0.83	MNST	Monster Beverage Corp	Pair Corr
0.88	CCEP	Coca Cola European	Pair Corr
0.68	CELH	Celsius Holdings Sell-off Trend	Pair Corr
0.83	K	Kellanova	Pair Corr
0.69	BJ	BJs Wholesale Club	Pair Corr
0.74	CL	Colgate Palmolive	Pair Corr
0.77	DG	Dollar General	Pair Corr
0.74	KR	Kroger Company	Pair Corr
0.84	MO	Altria Group	Pair Corr
0.84	PM	Philip Morris Intern	Pair Corr
0.78	DOLE	Dole PLC	Pair Corr

Moving against Keurig Stock

0.79	ZVIA	Zevia Pbc	Pair Corr
0.77	STKL	SunOpta	Pair Corr
0.72	FC	Franklin Covey	Pair Corr
0.71	GO	Grocery Outlet Holding	Pair Corr
0.69	LW	Lamb Weston Holdings	Pair Corr
0.55	COCO	Vita Coco	Pair Corr
0.49	UG	United Guardian	Pair Corr
0.45	EL	Estee Lauder Companies	Pair Corr
0.8	FAMI	Farmmi Inc	Pair Corr
0.79	XAGE	Longevity Health Hol Symbol Change	Pair Corr
0.75	VITL	Vital Farms	Pair Corr
0.72	EDBL	Edible Garden AG	Pair Corr
0.67	DTCK	Davis Commodities	Pair Corr
0.58	AVO	Mission Produce	Pair Corr
0.48	AQB	AquaBounty Technologies	Pair Corr
0.48	CLX	Clorox	Pair Corr
0.48	DAR	Darling Ingredients	Pair Corr

Related Correlations Analysis

	CELH	COCO	PEP	KOF	FIZZ	PRMW	COKE	KO	MNST	AKO-B
CELH		-0.71	0.21	0.64	0.19	0.0	-0.33	0.44	0.84	0.49	CELH
COCO	-0.71		-0.28	-0.55	-0.28	0.0	0.29	-0.38	-0.72	-0.4	COCO
PEP	0.21	-0.28		0.42	0.08	0.0	-0.02	0.49	0.44	0.29	PEP
KOF	0.64	-0.55	0.42		-0.43	0.0	0.18	0.94	0.85	0.88	KOF
FIZZ	0.19	-0.28	0.08	-0.43		0.0	-0.56	-0.54	-0.08	-0.52	FIZZ
PRMW	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	PRMW
COKE	-0.33	0.29	-0.02	0.18	-0.56	0.0		0.31	-0.24	0.17	COKE
KO	0.44	-0.38	0.49	0.94	-0.54	0.0	0.31		0.73	0.84	KO
MNST	0.84	-0.72	0.44	0.85	-0.08	0.0	-0.24	0.73		0.7	MNST
AKO-B	0.49	-0.4	0.29	0.88	-0.52	0.0	0.17	0.84	0.7		AKO-B
	CELH	COCO	PEP	KOF	FIZZ	PRMW	COKE	KO	MNST	AKO-B

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

KO	+ 0.94	KOF
AKO-B	+ 0.88	KOF
MNST	+ 0.85	KOF
MNST	+ 0.84	CELH
AKO-B	+ 0.84	KO
MNST	+ 0.73	KO

High negative correlations

MNST	- 0.72	COCO
COCO	- 0.71	CELH
COKE	- 0.56	FIZZ
KOF	- 0.55	COCO
KO	- 0.54	FIZZ
AKO-B	- 0.52	FIZZ

Risk-Adjusted Indicators

There is a big difference between Keurig Stock performing well and Keurig Dr 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 Keurig Dr'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	3.36	0.64	0.20	1.47	3.53	(4.15)	7.75	(4.88)	42.08
COCO	2.19	(0.21)	0.00	(0.49)	0.00	0.00	4.21	(5.52)	19.52
PEP	1.13	(0.03)	0.00	(0.30)	0.00	0.00	2.13	(2.82)	8.19
KOF	1.21	0.24	0.26	1.13	1.35	(1.39)	2.60	(2.12)	8.80
FIZZ	1.22	(0.06)	0.00	0.06	0.00	0.00	2.25	(1.90)	7.80
PRMW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
COKE	1.66	0.20	0.09	0.06	2.51	(1.54)	2.87	(4.14)	12.28
KO	1.06	0.21	0.23	0.48	1.24	(1.13)	1.94	(2.23)	9.15
MNST	1.12	0.20	0.19	0.32	1.38	(1.10)	2.80	(2.24)	9.57
AKO-B	1.95	0.34	0.15	0.75	2.61	(2.06)	4.07	(4.59)	15.86

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC