Keurig Dr Correlations

KDP Stock

USD 32.66 0.42 1.30%

The current 90-days correlation between Keurig Dr Pepper and Coca Cola Consolidated is 0.28 (i.e., Modest diversification). The correlation of Keurig Dr 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.

Keurig Dr Correlation With Market

Modest diversification

The correlation between Keurig Dr Pepper and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Keurig Dr Pepper and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Keurig Dr Pepper. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Keurig Stock

0.95	KO	Coca Cola Aggressive Push	Pair Corr
0.84	KOF	Coca Cola Femsa	Pair Corr
0.84	PEP	PepsiCo	Pair Corr
0.68	SHOTW	Safety Shot	Pair Corr
0.73	OTLY	Oatly Group AB	Pair Corr
0.73	COKE	Coca Cola Consolidated	Pair Corr
0.76	BG	Bunge Limited	Pair Corr
0.83	CL	Colgate Palmolive Fiscal Year End 24th of January 2025	Pair Corr
0.84	EL	Estee Lauder Companies	Pair Corr
0.61	GV	Visionary Education	Pair Corr
0.8	UG	United Guardian	Pair Corr
0.86	UL	Unilever PLC ADR	Pair Corr

Moving against Keurig Stock

0.79	COCO	Vita Coco	Pair Corr
0.72	ZVIA	Zevia Pbc	Pair Corr
0.62	BJ	BJs Wholesale Club	Pair Corr
0.6	FIZZ	National Beverage Corp	Pair Corr
0.57	PRMB	Primo Brands	Pair Corr
0.48	MNST	Monster Beverage Corp	Pair Corr
0.74	LW	Lamb Weston Holdings	Pair Corr
0.72	EEIQ	Elite Education Group	Pair Corr
0.71	MO	Altria Group	Pair Corr
0.71	PM	Philip Morris Intern	Pair Corr
0.58	KR	Kroger Company Earnings Call This Week	Pair Corr
0.52	WILC	G Willi Food	Pair Corr
0.48	BRCNF	Burcon NutraScience Corp	Pair Corr
0.45	JZ	Jianzhi Education	Pair Corr

Related Correlations Analysis

	CELH	COCO	PEP	KOF	FIZZ	PRMW	COKE	KO	MNST	AKO-B
CELH		-0.73	0.7	0.54	-0.54	-0.73	0.62	0.67	-0.71	0.51	CELH
COCO	-0.73		-0.84	-0.68	0.8	0.81	-0.75	-0.86	0.83	-0.51	COCO
PEP	0.7	-0.84		0.68	-0.65	-0.7	0.66	0.84	-0.53	0.42	PEP
KOF	0.54	-0.68	0.68		-0.54	-0.52	0.54	0.84	-0.42	0.68	KOF
FIZZ	-0.54	0.8	-0.65	-0.54		0.6	-0.45	-0.69	0.69	-0.38	FIZZ
PRMW	-0.73	0.81	-0.7	-0.52	0.6		-0.82	-0.77	0.78	-0.37	PRMW
COKE	0.62	-0.75	0.66	0.54	-0.45	-0.82		0.75	-0.67	0.58	COKE
KO	0.67	-0.86	0.84	0.84	-0.69	-0.77	0.75		-0.64	0.68	KO
MNST	-0.71	0.83	-0.53	-0.42	0.69	0.78	-0.67	-0.64		-0.37	MNST
AKO-B	0.51	-0.51	0.42	0.68	-0.38	-0.37	0.58	0.68	-0.37		AKO-B
	CELH	COCO	PEP	KOF	FIZZ	PRMW	COKE	KO	MNST	AKO-B

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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

KO	+ 0.84	PEP
KO	+ 0.84	KOF
MNST	+ 0.83	COCO
PRMW	+ 0.81	COCO
FIZZ	+ 0.8	COCO
MNST	+ 0.78	PRMW

High negative correlations

KO	- 0.86	COCO
PEP	- 0.84	COCO
COKE	- 0.82	PRMW
KO	- 0.77	PRMW
COKE	- 0.75	COCO
PRMW	- 0.73	CELH

Risk-Adjusted Indicators

There is a big difference between Keurig Stock performing well and Keurig Dr 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 Keurig Dr'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
CELH	2.71	(0.47)	0.00	(0.56)	0.00	0.00	5.82	(5.22)	20.47
COCO	1.62	0.53	0.21	1.26	1.48	(1.75)	3.72	(3.13)	11.39
PEP	0.68	(0.12)	0.00	(6.59)	0.00	0.00	1.24	(1.38)	6.65
KOF	1.14	(0.19)	0.00	(0.39)	0.00	0.00	2.21	(2.27)	5.30
FIZZ	0.90	0.04	(0.03)	0.23	1.06	(0.92)	2.13	(1.89)	6.35
PRMW	1.15	0.23	0.08	1.95	1.25	(1.18)	2.38	(2.29)	13.17
COKE	1.14	(0.20)	0.00	(0.13)	0.00	0.00	2.03	(1.71)	10.22
KO	0.70	(0.13)	0.00	(1.11)	0.00	0.00	1.18	(1.66)	4.07
MNST	1.07	0.18	0.06	0.60	1.47	(1.16)	2.51	(1.35)	11.37
AKO-B	1.52	(0.09)	0.00	(0.36)	0.00	0.00	2.66	(3.04)	9.61

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