Primo Water Correlations

Summary

PRMWDelisted Stock

USD 24.21 0.47 1.90%

The current 90-days correlation between Primo Water Corp and Embotelladora Andina SA is -0.01 (i.e., Good diversification). The correlation of Primo Water 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.

Primo Water Correlation With Market

Good diversification

The correlation between Primo Water Corp and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Primo Water Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Primo Stock

0.88	MAR	Marriott International	Pair Corr
0.86	TGTX	TG Therapeutics	Pair Corr
0.89	HAFC	Hanmi Financial Fiscal Year End 28th of January 2025	Pair Corr
0.8	OBYCF	Obayashi	Pair Corr
0.87	PETS	PetMed Express	Pair Corr
0.72	EVGR	Evergreen Corp	Pair Corr
0.78	HWC	Hancock Whitney Corp Fiscal Year End 21st of January 2025	Pair Corr
0.83	GIFI	Gulf Island Fabrication	Pair Corr
0.88	SAPMF	Saipem SpA	Pair Corr
0.81	AS	Amer Sports,	Pair Corr
0.74	ESGLW	ESGL Holdings Limited	Pair Corr
0.83	BAC	Bank of America Aggressive Push	Pair Corr
0.91	HUT	Hut 8 Corp	Pair Corr
0.92	RELY	Remitly Global	Pair Corr
0.79	NBIX	Neurocrine Biosciences	Pair Corr
0.82	BSIG	Brightsphere Investment	Pair Corr
0.82	FBMS	First Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.92	GLPPRB	Global Partners LP	Pair Corr
0.83	XMTR	Xometry	Pair Corr
0.88	YPF	YPF Sociedad Anonima	Pair Corr
0.8	FRME	First Merchants Fiscal Year End 23rd of January 2025	Pair Corr
0.73	GLABF	Gemina Laboratories	Pair Corr
0.64	CTRN	Citi Trends	Pair Corr
0.84	RWAYL	MSCI ACWI exAUCONSUMER	Pair Corr
0.83	DMRC	Digimarc	Pair Corr

Moving against Primo Stock

0.82	MEDS	Trxade Group Symbol Change	Pair Corr
0.56	251566AA3	DT 3625 21	Pair Corr
0.53	BYDDY	BYD Co	Pair Corr
0.35	WDLF	Social Life Network	Pair Corr

Related Correlations Analysis

	AKO-A	AQPW	FIZZ	ASII	COCO	KOF	CCEP	AKO-B	APRU	KDP
AKO-A		0.0	-0.71	-0.32	-0.33	0.42	0.0	0.67	-0.14	0.47	AKO-A
AQPW	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQPW
FIZZ	-0.71	0.0		0.16	0.49	-0.35	0.3	-0.46	-0.01	-0.37	FIZZ
ASII	-0.32	0.0	0.16		-0.05	0.11	-0.01	-0.2	0.06	-0.07	ASII
COCO	-0.33	0.0	0.49	-0.05		-0.86	0.33	-0.55	-0.63	-0.86	COCO
KOF	0.42	0.0	-0.35	0.11	-0.86		-0.05	0.73	0.44	0.9	KOF
CCEP	0.0	0.0	0.3	-0.01	0.33	-0.05		0.24	-0.43	0.0	CCEP
AKO-B	0.67	0.0	-0.46	-0.2	-0.55	0.73	0.24		0.05	0.78	AKO-B
APRU	-0.14	0.0	-0.01	0.06	-0.63	0.44	-0.43	0.05		0.46	APRU
KDP	0.47	0.0	-0.37	-0.07	-0.86	0.9	0.0	0.78	0.46		KDP
	AKO-A	AQPW	FIZZ	ASII	COCO	KOF	CCEP	AKO-B	APRU	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	+ 0.9	KOF
KDP	+ 0.78	AKO-B
AKO-B	+ 0.73	KOF
AKO-B	+ 0.67	AKO-A
COCO	+ 0.49	FIZZ
KDP	+ 0.47	AKO-A

High negative correlations

KDP	- 0.86	COCO
KOF	- 0.86	COCO
FIZZ	- 0.71	AKO-A
APRU	- 0.63	COCO
AKO-B	- 0.55	COCO
AKO-B	- 0.46	FIZZ

Risk-Adjusted Indicators

There is a big difference between Primo Stock performing well and Primo Water 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 Primo Water'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
AKO-A	1.23	(0.03)	0.00	(0.65)	0.00	0.00	2.14	(2.52)	8.30
AQPW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FIZZ	1.12	(0.09)	0.00	(0.28)	0.00	0.00	2.13	(2.14)	10.75
ASII	12.32	1.09	0.05	0.34	12.95	(32.44)	50.00	(28.57)	94.44
COCO	1.34	0.35	0.20	0.69	1.27	(1.53)	3.72	(2.66)	11.39
KOF	0.96	(0.19)	0.00	(1.26)	0.00	0.00	1.46	(2.27)	6.02
CCEP	0.86	(0.03)	0.00	(0.12)	0.00	0.00	2.16	(1.81)	5.45
AKO-B	1.49	(0.02)	(0.01)	(0.03)	2.21	(1.49)	2.53	(3.71)	10.54
APRU	6.30	(0.25)	0.00	0.22	0.00	0.00	14.29	(10.34)	46.67
KDP	0.79	(0.23)	0.00	(1.59)	0.00	0.00	1.30	(2.08)	6.36

Primo Water Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Primo Water stock to make a market-neutral strategy. Peer analysis of Primo Water could also be used in its relative valuation, which is a method of valuing Primo Water by comparing valuation metrics with similar companies.

Embotelladora Andina SA Signet International Holdings National Beverage Corp PT Astra International Vita Coco Coca Cola Femsa SAB Coca Cola European Partners Embotelladora Andina SA Apple Rush Keurig Dr Pepper Coca Cola Consolidated Monster Beverage Corp PepsiCo American Airlines Group Alcoa Corp

Risk & Return

Correlation

Primo Water Corporate Management

Ghire Shivprasad	Vice President - Human Resources	Profile
Gregory Monahan	Independent Director	Profile
Marni Poe	Chief Legal Officer, Secretary	Profile
Shayron BarnesSelby	Chief Officer	Profile
Anne Melaragni	Chief Officer	Profile
Stephen Halperin	Independent Director	Profile

Still Interested in Primo Water Corp?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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