Boston Beer Correlations

SAM Stock

USD 200.16 1.53 0.77%

The current 90-days correlation between Boston Beer and Rami Levi Chain is 0.11 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Boston Beer moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Boston Beer moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Boston Beer Correlation With Market

Very weak diversification

The correlation between Boston Beer and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Boston Beer and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Boston Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Boston Beer. 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.

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

Moving together with Boston Stock

0.88	K	Kellanova Earnings Call Today	Pair Corr
0.86	CCU	Compania Cervecerias	Pair Corr
0.72	KLG	WK Kellogg	Pair Corr
0.91	STZ	Constellation Brands	Pair Corr
0.89	TAP	Molson Coors Brewing	Pair Corr
0.73	PAVS	Paranovus Entertainment	Pair Corr
0.64	GO	Grocery Outlet Holding	Pair Corr
0.8	JZ	Jianzhi Education Tech Boost	Pair Corr

Moving against Boston Stock

0.87	DG	Dollar General	Pair Corr
0.85	BYND	Beyond Meat	Pair Corr
0.84	EL	Estee Lauder Companies	Pair Corr
0.81	OTLY	Oatly Group AB	Pair Corr
0.68	PM	Philip Morris Intern	Pair Corr
0.62	SFD	Smithfield Foods, Common	Pair Corr
0.6	BUD	Anheuser Busch Inbev	Pair Corr
0.58	TPB	Turning Point Brands	Pair Corr
0.58	LWAY	Lifeway Foods	Pair Corr
0.54	RMCF	Rocky Mountain Chocolate	Pair Corr
0.48	BOF	BranchOut Food Common	Pair Corr
0.47	VITL	Vital Farms	Pair Corr
0.41	BG	Bunge Limited	Pair Corr
0.84	WILC	G Willi Food	Pair Corr
0.8	DLTR	Dollar Tree	Pair Corr
0.7	DTCK	Davis Commodities	Pair Corr
0.69	FEDU	Four Seasons Education	Pair Corr
0.6	YQ	17 Education Technology	Pair Corr
0.54	FAMI	Farmmi Inc	Pair Corr
0.53	TR	Tootsie Roll Industries	Pair Corr
0.51	MO	Altria Group	Pair Corr
0.33	EDBL	Edible Garden AG	Pair Corr

Related Correlations Analysis

	RLEVF	TMHC	HIW	EYE	LAD	IAC	TPH	BBY
RLEVF		0.3	0.72	0.68	0.63	0.42	0.25	0.63	RLEVF
TMHC	0.3		0.49	0.47	0.57	0.67	0.96	0.5	TMHC
HIW	0.72	0.49		0.93	0.91	0.7	0.38	0.79	HIW
EYE	0.68	0.47	0.93		0.94	0.65	0.32	0.67	EYE
LAD	0.63	0.57	0.91	0.94		0.73	0.44	0.73	LAD
IAC	0.42	0.67	0.7	0.65	0.73		0.66	0.85	IAC
TPH	0.25	0.96	0.38	0.32	0.44	0.66		0.5	TPH
BBY	0.63	0.5	0.79	0.67	0.73	0.85	0.5		BBY
	RLEVF	TMHC	HIW	EYE	LAD	IAC	TPH	BBY

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Risk-Adjusted Indicators

There is a big difference between Boston Stock performing well and Boston Beer 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 Boston Beer'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
RLEVF	1.03	0.49	0.00	1.30	0.00	0.00	0.00	0.00	32.13
TMHC	1.84	0.12	0.01	(0.43)	2.41	(1.75)	3.63	(3.76)	10.23
HIW	1.36	0.02	0.00	0.11	1.85	(1.38)	2.57	(3.10)	9.44
EYE	2.34	0.85	0.27	0.73	2.17	(2.64)	6.97	(3.77)	20.87
LAD	1.70	0.16	0.07	0.23	2.20	(1.81)	4.10	(3.70)	17.50
IAC	1.86	(0.12)	0.00	(0.02)	0.00	0.00	4.12	(3.51)	12.38
TPH	1.72	0.08	(0.01)	(0.52)	2.25	(1.80)	3.78	(3.90)	8.84
BBY	2.36	(0.14)	(0.02)	0.00	4.10	(2.45)	3.99	(6.13)	20.59

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