PepsiCo Correlations

PEP Stock

USD 164.39 2.47 1.53%

The current 90-days correlation between PepsiCo and The Coca Cola is 0.51 (i.e., Very weak diversification). The correlation of PepsiCo 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.

PepsiCo Correlation With Market

Very weak diversification

The correlation between PepsiCo and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PepsiCo and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with PepsiCo Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PepsiCo. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in discontinued.

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

Moving together with PepsiCo Stock

0.92	KO	Coca Cola Sell-off Trend	Pair Corr
0.64	AKOB	Embotelladora Andina	Pair Corr
0.75	FIZZ	National Beverage Corp	Pair Corr
0.72	FMX	Fomento Economico Earnings Call This Week	Pair Corr
0.7	KOF	Coca Cola Femsa Earnings Call Today	Pair Corr
0.61	FV8	Fevertree Drinks Plc	Pair Corr
0.83	CCH	Coca Cola HBC	Pair Corr
0.73	FEVR	Fevertree Drinks Plc	Pair Corr
0.69	CK0	Coca Cola European	Pair Corr
0.87	CCC3	Coca Cola	Pair Corr
0.69	CCEP	Coca Cola Europacific	Pair Corr
0.79	BAG	AGBarr PLC	Pair Corr
0.88	CCC3	Coca Cola	Pair Corr
0.91	COLA	Coca Cola	Pair Corr
0.67	CFSL	Coca Cola FEMSA Earnings Call This Week	Pair Corr
0.96	PEP	PepsiCo	Pair Corr
0.66	CFS5	Coca Cola FEMSA Earnings Call Today	Pair Corr
0.76	C0Q	Coca Cola HBC	Pair Corr
0.64	AKO-B	Embotelladora Andina	Pair Corr

Moving against PepsiCo Stock

0.67	58U	Uni President China	Pair Corr
0.41	TLK	Telkom Indonesia Tbk	Pair Corr

Related Correlations Analysis

	KO	PM	BUD	UL	KDP	MNST	BTI	CCEP	COKE	KOF
KO		0.82	0.88	0.91	0.45	0.69	0.78	0.86	0.1	0.76	KO
PM	0.82		0.95	0.67	0.28	0.9	0.8	0.6	-0.36	0.94	PM
BUD	0.88	0.95		0.75	0.44	0.85	0.77	0.73	-0.2	0.94	BUD
UL	0.91	0.67	0.75		0.36	0.47	0.61	0.86	0.22	0.57	UL
KDP	0.45	0.28	0.44	0.36		0.31	0.44	0.57	0.36	0.45	KDP
MNST	0.69	0.9	0.85	0.47	0.31		0.78	0.5	-0.38	0.92	MNST
BTI	0.78	0.8	0.77	0.61	0.44	0.78		0.57	-0.15	0.8	BTI
CCEP	0.86	0.6	0.73	0.86	0.57	0.5	0.57		0.43	0.58	CCEP
COKE	0.1	-0.36	-0.2	0.22	0.36	-0.38	-0.15	0.43		-0.33	COKE
KOF	0.76	0.94	0.94	0.57	0.45	0.92	0.8	0.58	-0.33		KOF
	KO	PM	BUD	UL	KDP	MNST	BTI	CCEP	COKE	KOF

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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

BUD	+ 0.95	PM
KOF	+ 0.94	PM
KOF	+ 0.94	BUD
KOF	+ 0.92	MNST
UL	+ 0.91	KO
MNST	+ 0.9	PM

High negative correlations

COKE	- 0.38	MNST
COKE	- 0.36	PM
KOF	- 0.33	COKE
COKE	- 0.2	BUD
COKE	- 0.15	BTI

Risk-Adjusted Indicators

There is a big difference between PepsiCo Stock performing well and PepsiCo 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 PepsiCo'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
KO	0.78	0.17	0.16	(0.82)	0.65	(0.93)	2.07	(1.49)	4.23
PM	1.11	0.25	0.16	1.34	1.18	(1.27)	2.39	(2.06)	7.92
BUD	0.95	0.30	0.28	1.56	0.63	(1.14)	2.41	(1.37)	5.17
UL	1.02	0.07	0.02	0.36	1.71	(1.00)	1.93	(2.01)	8.92
KDP	0.95	0.13	0.07	(21.23)	1.07	(0.96)	1.97	(1.90)	6.00
MNST	0.81	0.26	0.21	(0.65)	0.71	(0.89)	1.84	(1.34)	6.21
BTI	1.04	0.08	0.04	0.23	1.28	(1.06)	2.47	(2.41)	6.70
CCEP	0.84	0.20	0.15	(4.92)	0.71	(0.87)	1.95	(1.26)	4.70
COKE	1.21	0.16	0.06	(0.28)	1.41	(1.22)	2.87	(2.36)	7.42
KOF	1.06	0.35	0.27	2.03	0.89	(1.24)	2.64	(1.88)	5.74

PepsiCo Corporate Management

David Flavell	General VP	Profile
Andrea Ferrara	Chief Nutrition	Profile
Eugene Willemsen	Chief Beverages	Profile
Paula Santilli	Chief Foods	Profile
Rene Lammers	Chief Science Officer	Profile

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