Embotelladora Andina Correlations

AKO-A Stock

USD 13.11 0.01 0.08%

The current 90-days correlation between Embotelladora Andina and Primo Water Corp is -0.03 (i.e., Good diversification). The correlation of Embotelladora Andina 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.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Embotelladora Andina SA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Embotelladora Stock

0.74	KO	Coca Cola Aggressive Push	Pair Corr
0.64	KDP	Keurig Dr Pepper	Pair Corr
0.62	OTLY	Oatly Group AB	Pair Corr
0.71	CELH	Celsius Holdings	Pair Corr
0.64	COKE	Coca Cola Consolidated	Pair Corr
0.73	BG	Bunge Limited	Pair Corr
0.71	CL	Colgate Palmolive Fiscal Year End 24th of January 2025	Pair Corr
0.66	EL	Estee Lauder Companies	Pair Corr
0.63	UG	United Guardian	Pair Corr
0.7	UL	Unilever PLC ADR	Pair Corr

Moving against Embotelladora Stock

0.72	MNST	Monster Beverage Corp	Pair Corr
0.72	PRMB	Primo Brands	Pair Corr
0.71	COCO	Vita Coco	Pair Corr
0.59	ZVIA	Zevia Pbc	Pair Corr
0.59	K	Kellanova Sell-off Trend	Pair Corr
0.58	BJ	BJs Wholesale Club	Pair Corr
0.5	FIZZ	National Beverage Corp	Pair Corr
0.72	LW	Lamb Weston Holdings Sell-off Trend	Pair Corr
0.64	KR	Kroger Company Earnings Call This Week	Pair Corr
0.56	PM	Philip Morris Intern	Pair Corr
0.55	WILC	G Willi Food	Pair Corr
0.48	JZ	Jianzhi Education	Pair Corr
0.45	EEIQ	Elite Education Group	Pair Corr
0.44	MO	Altria Group	Pair Corr
0.4	VINE	Fresh Grapes LLC	Pair Corr
0.36	TR	Tootsie Roll Industries	Pair Corr

Related Correlations Analysis

	PRMW	AQPW	FIZZ	ASII	AKO-B	APRU	ALKM	CCEP	KDP	HIRU
PRMW		0.0	0.6	-0.52	-0.39	-0.27	0.0	-0.81	-0.72	-0.83	PRMW
AQPW	0.0		0.0	0.0	0.0	0.0	-1.0	0.0	0.0	0.0	AQPW
FIZZ	0.6	0.0		-0.17	-0.39	-0.19	0.0	-0.3	-0.62	-0.65	FIZZ
ASII	-0.52	0.0	-0.17		0.19	0.32	0.0	0.33	0.13	0.47	ASII
AKO-B	-0.39	0.0	-0.39	0.19		0.08	0.0	0.11	0.67	0.37	AKO-B
APRU	-0.27	0.0	-0.19	0.32	0.08		0.0	0.25	0.23	0.41	APRU
ALKM	0.0	-1.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	ALKM
CCEP	-0.81	0.0	-0.3	0.33	0.11	0.25	0.0		0.53	0.64	CCEP
KDP	-0.72	0.0	-0.62	0.13	0.67	0.23	0.0	0.53		0.7	KDP
HIRU	-0.83	0.0	-0.65	0.47	0.37	0.41	0.0	0.64	0.7		HIRU
	PRMW	AQPW	FIZZ	ASII	AKO-B	APRU	ALKM	CCEP	KDP	HIRU

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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

HIRU	+ 0.7	KDP
KDP	+ 0.67	AKO-B
HIRU	+ 0.64	CCEP
FIZZ	+ 0.6	PRMW
KDP	+ 0.53	CCEP
HIRU	+ 0.47	ASII

High negative correlations

ALKM	- 1.0	AQPW
HIRU	- 0.83	PRMW
CCEP	- 0.81	PRMW
KDP	- 0.72	PRMW
HIRU	- 0.65	FIZZ
KDP	- 0.62	FIZZ

Risk-Adjusted Indicators

There is a big difference between Embotelladora Stock performing well and Embotelladora Andina 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 Embotelladora Andina'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
PRMW	1.15	0.26	0.08	(2.93)	1.25	(1.18)	2.38	(2.29)	13.17
AQPW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FIZZ	0.94	0.07	0.00	0.29	1.03	(0.98)	2.21	(1.89)	6.35
ASII	14.45	0.45	0.03	0.25	14.42	(32.63)	50.00	(28.57)	119.44
AKO-B	1.51	(0.10)	0.00	(0.51)	0.00	0.00	2.66	(3.04)	9.61
APRU	7.77	0.41	(0.01)	(0.01)	8.86	(9.89)	18.75	(17.24)	48.03
ALKM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CCEP	0.81	(0.03)	(0.10)	0.03	1.09	(0.76)	1.62	(1.75)	4.77
KDP	0.78	(0.17)	0.00	(0.29)	0.00	0.00	1.46	(2.08)	6.67
HIRU	8.62	(0.37)	0.00	(0.94)	0.00	0.00	22.22	(16.00)	58.30

Embotelladora Andina Corporate Management

Jos Hurtado	General Chile	Profile
Andrs Wainer	Chief officer	Profile
Paula Vicua	Head Relations	Profile
Fernando Jaa	Chief Officer	Profile
Martin Idigoras	Chief Officer	Profile
Renato Barbosa	General Brazil	Profile
Francisco Sanfurgo	General Paresa	Profile

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