Britvic PLC Correlations

BTVCY Stock

USD 31.39 1.01 3.12%

The current 90-days correlation between Britvic PLC ADR and Embotelladora Andina SA is -0.07 (i.e., Good diversification). The correlation of Britvic PLC 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.

Britvic PLC Correlation With Market

Good diversification

The correlation between Britvic PLC ADR and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Britvic PLC ADR and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Britvic PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Britvic PLC when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Britvic PLC - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Britvic PLC ADR to buy it.

Moving against Britvic Pink Sheet

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0.47	CRFQF	Zedcor Inc	Pair Corr
0.43	GRMN	Garmin	Pair Corr
0.4	MOGO	Mogo Inc	Pair Corr
0.4	MO	Altria Group	Pair Corr
0.36	QNCX	Quince Therapeutics,	Pair Corr
0.57	VST	Vistra Energy Corp	Pair Corr
0.42	HBI	Hanesbrands Sell-off Trend	Pair Corr
0.42	CLS	Celestica	Pair Corr
0.41	OPFI	OppFi Inc	Pair Corr
0.41	FSK	FS KKR Capital	Pair Corr
0.38	AROC	Archrock	Pair Corr

Related Correlations Analysis

	AKO-A	ASII	AKO-B	ALKM	FBEC	DRNK	HIRU	AQPW
AKO-A		-0.33	0.57	0.0	-0.51	-0.51	-0.59	0.0	AKO-A
ASII	-0.33		-0.2	0.0	0.08	0.1	0.06	0.0	ASII
AKO-B	0.57	-0.2		0.0	-0.24	-0.12	-0.4	0.0	AKO-B
ALKM	0.0	0.0	0.0		0.0	0.0	0.0	-1.0	ALKM
FBEC	-0.51	0.08	-0.24	0.0		0.41	0.29	0.0	FBEC
DRNK	-0.51	0.1	-0.12	0.0	0.41		0.4	0.0	DRNK
HIRU	-0.59	0.06	-0.4	0.0	0.29	0.4		0.0	HIRU
AQPW	0.0	0.0	0.0	-1.0	0.0	0.0	0.0		AQPW
	AKO-A	ASII	AKO-B	ALKM	FBEC	DRNK	HIRU	AQPW

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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

AKO-B	+ 0.57	AKO-A
DRNK	+ 0.41	FBEC
HIRU	+ 0.4	DRNK
HIRU	+ 0.29	FBEC
DRNK	+ 0.1	ASII
FBEC	+ 0.08	ASII

High negative correlations

AQPW	- 1.0	ALKM
HIRU	- 0.59	AKO-A
DRNK	- 0.51	AKO-A
FBEC	- 0.51	AKO-A
HIRU	- 0.4	AKO-B
ASII	- 0.33	AKO-A

Risk-Adjusted Indicators

There is a big difference between Britvic Pink Sheet performing well and Britvic PLC 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 Britvic PLC'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	1.38	0.07	0.03	0.13	1.80	(1.68)	3.20	(3.04)	13.42
ASII	12.69	1.73	0.07	(0.63)	12.45	(30.24)	40.00	(20.00)	94.44
AKO-B	1.91	(0.01)	(0.01)	0.00	2.74	(1.87)	3.53	(4.58)	11.20
ALKM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FBEC	56.09	22.97	0.40	2.07	27.95	(126.44)	166.67	(66.67)	675.00
DRNK	18.68	4.73	0.09	1.60	16.52	(92.86)	100.00	(50.00)	150.00
HIRU	8.21	(0.30)	0.00	0.31	0.00	0.00	22.22	(16.67)	52.68
AQPW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Britvic PLC without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Britvic PLC Corporate Management

Matt Barwell	Chief Marketing Officer	Profile
Paul Graham	GB General Manager	Profile
Zareena Brown	Chief Human Resources Officer	Profile
Michael Mountford	Head Benefits	Profile
Stephanie MacduffDuncan	Head Communications	Profile
Sudeep Shetty	Group Officer	Profile

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