PepsiCo Correlations

PEP Stock

USD 135.38 1.10 0.81%

The current 90-days correlation between PepsiCo and National Beverage Corp is 0.4 (i.e., Very weak diversification). The correlation of PepsiCo 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.

PepsiCo Correlation With Market

Very weak diversification

The correlation between PepsiCo and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PepsiCo and DJI in the same portfolio, assuming nothing else is changed.

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PepsiCo. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

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

Moving together with PepsiCo Stock

0.77	KDP	Keurig Dr Pepper Sell-off Trend	Pair Corr
0.67	PRMB	Primo Brands	Pair Corr
0.79	COKE	Coca Cola Consolidated	Pair Corr
0.67	JZ	Jianzhi Education Tech Boost	Pair Corr
0.77	DNUT	Krispy Kreme	Pair Corr

Moving against PepsiCo Stock

0.75	COCO	Vita Coco	Pair Corr
0.75	IH	Ihuman Inc	Pair Corr
0.7	MNST	Monster Beverage Corp	Pair Corr
0.57	OTLY	Oatly Group AB	Pair Corr
0.56	ZVIA	Zevia Pbc	Pair Corr
0.51	CCEP	Coca Cola European	Pair Corr
0.47	DG	Dollar General	Pair Corr
0.46	FIZZ	National Beverage Corp	Pair Corr
0.43	BG	Bunge Limited	Pair Corr
0.41	EL	Estee Lauder Companies	Pair Corr
0.31	CELH	Celsius Holdings	Pair Corr
0.77	PM	Philip Morris Intern	Pair Corr
0.77	EPSM	Epsium Enterprise	Pair Corr
0.71	YQ	17 Education Technology	Pair Corr
0.71	DLTR	Dollar Tree	Pair Corr
0.66	TR	Tootsie Roll Industries	Pair Corr
0.59	MO	Altria Group	Pair Corr
0.53	EWCZ	European Wax Center	Pair Corr
0.52	FAMI	Farmmi Inc	Pair Corr
0.47	UL	Unilever PLC ADR	Pair Corr
0.41	WILC	G Willi Food	Pair Corr
0.39	EDBL	Edible Garden AG	Pair Corr

Related Correlations Analysis

	FIZZ	ZVIA	SHOTW	PRMB	CCEP
FIZZ		0.22	-0.54	-0.46	0.6	FIZZ
ZVIA	0.22		-0.68	-0.74	0.59	ZVIA
SHOTW	-0.54	-0.68		0.84	-0.82	SHOTW
PRMB	-0.46	-0.74	0.84		-0.71	PRMB
CCEP	0.6	0.59	-0.82	-0.71		CCEP
	FIZZ	ZVIA	SHOTW	PRMB	CCEP

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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

PRMB	+ 0.84	SHOTW
CCEP	+ 0.6	FIZZ
CCEP	+ 0.59	ZVIA
ZVIA	+ 0.22	FIZZ

High negative correlations

CCEP	- 0.82	SHOTW
PRMB	- 0.74	ZVIA
CCEP	- 0.71	PRMB
SHOTW	- 0.68	ZVIA
SHOTW	- 0.54	FIZZ
PRMB	- 0.46	FIZZ

Risk-Adjusted Indicators

There is a big difference between PepsiCo Stock performing well and PepsiCo 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 PepsiCo'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
FIZZ	1.26	0.16	0.06	0.70	1.20	(1.44)	3.09	(2.12)	7.51
ZVIA	3.92	0.70	0.15	0.81	3.84	(4.93)	7.14	(7.23)	65.04
SHOTW	11.81	(0.12)	0.00	(0.07)	0.00	0.00	33.77	(31.43)	94.63
PRMB	1.40	(0.29)	0.00	(0.56)	0.00	0.00	2.31	(2.76)	9.49
CCEP	1.00	0.13	0.05	0.44	1.34	(1.13)	2.54	(1.40)	9.32

PepsiCo Corporate Management

Yashika Singh	Communication Affairs	Profile
Ramkumar Krishnan	Chief Beverages	Profile
Cynthia Nastanski	Senior Secretary	Profile
Steven Williams	Executive Officer of PepsiCo Foods North America	Profile

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