Vita Coco Correlations

COCO Stock

USD 34.60 0.10 0.29%

The current 90-days correlation between Vita Coco and Primo Water Corp is 0.06 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Vita Coco moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vita Coco moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Vita Coco Correlation With Market

Modest diversification

The correlation between Vita Coco and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vita Coco and DJI in the same portfolio, assuming nothing else is changed.

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

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

Moving together with Vita Stock

0.7	WTER	Alkaline Water	Pair Corr
0.94	STKL	SunOpta	Pair Corr
0.72	BJ	BJs Wholesale Club	Pair Corr
0.81	KR	Kroger Company	Pair Corr
0.79	MO	Altria Group	Pair Corr
0.78	TR	Tootsie Roll Industries	Pair Corr

Moving against Vita Stock

0.81	KO	Coca Cola Aggressive Push	Pair Corr
0.7	KDP	Keurig Dr Pepper	Pair Corr
0.67	KOF	Coca Cola Femsa	Pair Corr
0.65	PEP	PepsiCo	Pair Corr
0.65	CELH	Celsius Holdings	Pair Corr
0.63	EL	Estee Lauder Companies Sell-off Trend	Pair Corr
0.56	CL	Colgate Palmolive Earnings Call This Week	Pair Corr
0.53	FC	Franklin Covey	Pair Corr
0.51	BG	Bunge Limited	Pair Corr
0.5	DG	Dollar General	Pair Corr
0.87	UG	United Guardian	Pair Corr
0.79	BUD	Anheuser Busch Inbev	Pair Corr
0.76	ADM	Archer Daniels Midland	Pair Corr
0.68	AQB	AquaBounty Technologies	Pair Corr
0.68	BGS	BG Foods	Pair Corr
0.66	VINE	Fresh Grapes LLC	Pair Corr
0.65	CAG	ConAgra Foods	Pair Corr
0.64	UL	Unilever PLC ADR	Pair Corr

Related Correlations Analysis

	PRMW	KOF	CCEP	AKO-B	MNST	PEP	KO	CELH	KDP
PRMW		-0.77	0.16	-0.01	-0.34	-0.86	-0.76	-0.69	-0.69	PRMW
KOF	-0.77		0.12	0.3	0.28	0.89	0.87	0.81	0.88	KOF
CCEP	0.16	0.12		0.13	0.34	0.14	-0.01	0.14	0.15	CCEP
AKO-B	-0.01	0.3	0.13		-0.43	0.07	0.41	0.41	0.42	AKO-B
MNST	-0.34	0.28	0.34	-0.43		0.55	0.18	0.1	0.28	MNST
PEP	-0.86	0.89	0.14	0.07	0.55		0.87	0.74	0.87	PEP
KO	-0.76	0.87	-0.01	0.41	0.18	0.87		0.83	0.93	KO
CELH	-0.69	0.81	0.14	0.41	0.1	0.74	0.83		0.78	CELH
KDP	-0.69	0.88	0.15	0.42	0.28	0.87	0.93	0.78		KDP
	PRMW	KOF	CCEP	AKO-B	MNST	PEP	KO	CELH	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	+ 0.93	KO
PEP	+ 0.89	KOF
KDP	+ 0.88	KOF
KO	+ 0.87	KOF
KO	+ 0.87	PEP
KDP	+ 0.87	PEP

High negative correlations

PEP	- 0.86	PRMW
KOF	- 0.77	PRMW
KO	- 0.76	PRMW
KDP	- 0.69	PRMW
CELH	- 0.69	PRMW
MNST	- 0.43	AKO-B

Risk-Adjusted Indicators

There is a big difference between Vita Stock performing well and Vita Coco 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 Vita Coco'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	0.25	0.16	(21.38)	1.25	(1.18)	2.38	(2.29)	13.17
KOF	0.88	(0.19)	0.00	(0.79)	0.00	0.00	1.26	(2.12)	5.27
CCEP	0.84	(0.02)	0.00	(0.04)	0.00	0.00	2.16	(1.99)	5.69
AKO-B	1.81	(0.02)	0.00	(0.15)	0.00	0.00	3.53	(4.58)	11.20
MNST	0.93	(0.05)	0.00	(0.20)	0.00	0.00	1.82	(1.68)	10.44
PEP	0.77	(0.26)	0.00	(0.83)	0.00	0.00	1.22	(1.92)	4.86
KO	0.71	(0.16)	0.00	(1.32)	0.00	0.00	1.22	(1.66)	3.66
CELH	2.72	(0.21)	0.00	(0.19)	0.00	0.00	5.88	(5.49)	16.24
KDP	0.91	(0.22)	0.00	(0.83)	0.00	0.00	1.43	(2.38)	6.35

Vita Coco Corporate Management

Rowena Ricalde	Principal CFO	Profile
Martin Roper	CoCEO Director	Profile
Charles Es	Chief Officer	Profile
Ira Liran	CoFounder Director	Profile
Jonathan Burth	Chief Officer	Profile
Corey Baker	Chief Officer	Profile

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