Boston Beer Correlations

SAM Stock

USD 224.16 10.84 4.61%

The current 90-days correlation between Boston Beer and Compania Cervecerias Unidas is 0.25 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Boston Beer moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Boston Beer moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Boston Beer Correlation With Market

Poor diversification

The correlation between Boston Beer and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Boston Beer and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Boston Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Boston Beer. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

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

Moving together with Boston Stock

0.8	HEIO	Heineken Holding	Pair Corr
0.66	FOMC	FOMECONMEXSAB DCV UTS	Pair Corr
0.87	FOMA	Fomento Econmico Mexicano Earnings Call Tomorrow	Pair Corr
0.9	CBGB	Carlsberg AS	Pair Corr
0.92	CBGA	Carlsberg AS	Pair Corr
0.89	CBGC	CARLSBERG B DK20	Pair Corr
0.72	CVU	Compaa Cerveceras Unidas Earnings Call Today	Pair Corr
0.75	TPX-B	Molson Coors Canada	Pair Corr
0.62	SBW	Sapporo Holdings	Pair Corr
0.64	MALT	Malteries Franco Belges	Pair Corr
0.92	BUD	Anheuser Busch Inbev	Pair Corr
0.77	CCU	Compania Cervecerias	Pair Corr
0.93	TAP	Molson Coors Brewing	Pair Corr
0.78	OVI	Olvi Oyj	Pair Corr
0.86	NY7	Molson Coors Beverage	Pair Corr
0.78	65K	MOLSON RS CDA	Pair Corr
0.98	BBEA	Boston Beer Earnings Call Today	Pair Corr
0.74	HEIA	Heineken	Pair Corr
0.89	0R1	Royal Unibrew AS Earnings Call This Week	Pair Corr
0.92	0AI4	Carlsberg AS B	Pair Corr
0.69	HNK2	HEINEKEN SP ADR	Pair Corr
0.73	HNK1	Heineken NV	Pair Corr
0.92	1NBA	Anheuser Busch InBev	Pair Corr
0.62	KIR	Kirin Holdings	Pair Corr
0.92	ITKA	Anheuser Busch InBev	Pair Corr
0.83	NY7	Molson Coors Brewing	Pair Corr

Moving against Boston Stock

0.65	IPST	Heritage Distilling Symbol Change	Pair Corr
0.47	CHK	China Resources Beer	Pair Corr
0.43	TSI0	TSINGTAO BREWE H	Pair Corr
0.72	KUL	Kulmbacher Brauerei	Pair Corr
0.72	B9B	BHB Brauholding Bayern	Pair Corr
0.67	CCR	CC Group plc	Pair Corr
0.57	TSI	Tsingtao Brewery	Pair Corr
0.55	GCC	CC Group PLC	Pair Corr
0.33	ABW	Asahi Group Holdings	Pair Corr

Related Correlations Analysis

	CCU	COCO	CHA	UNFI	SMPL	CHEF	FLO	PRDO	MH	FIZZ
CCU		0.5	-0.53	0.62	-0.22	0.47	0.33	0.77	-0.77	0.45	CCU
COCO	0.5		-0.35	0.37	-0.35	0.45	0.49	0.22	-0.41	0.29	COCO
CHA	-0.53	-0.35		-0.68	0.52	-0.74	-0.24	-0.66	0.78	-0.38	CHA
UNFI	0.62	0.37	-0.68		-0.65	0.56	0.31	0.41	-0.72	0.67	UNFI
SMPL	-0.22	-0.35	0.52	-0.65		-0.58	-0.08	-0.12	0.53	-0.73	SMPL
CHEF	0.47	0.45	-0.74	0.56	-0.58		0.09	0.47	-0.58	0.54	CHEF
FLO	0.33	0.49	-0.24	0.31	-0.08	0.09		0.18	-0.33	-0.06	FLO
PRDO	0.77	0.22	-0.66	0.41	-0.12	0.47	0.18		-0.81	0.17	PRDO
MH	-0.77	-0.41	0.78	-0.72	0.53	-0.58	-0.33	-0.81		-0.52	MH
FIZZ	0.45	0.29	-0.38	0.67	-0.73	0.54	-0.06	0.17	-0.52		FIZZ
	CCU	COCO	CHA	UNFI	SMPL	CHEF	FLO	PRDO	MH	FIZZ

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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

MH	+ 0.78	CHA
PRDO	+ 0.77	CCU
FIZZ	+ 0.67	UNFI
UNFI	+ 0.62	CCU
CHEF	+ 0.56	UNFI
FIZZ	+ 0.54	CHEF

High negative correlations

MH	- 0.81	PRDO
MH	- 0.77	CCU
CHEF	- 0.74	CHA
FIZZ	- 0.73	SMPL
MH	- 0.72	UNFI
UNFI	- 0.68	CHA

Risk-Adjusted Indicators

There is a big difference between Boston Stock performing well and Boston Beer 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 Boston Beer'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
CCU	1.36	0.08	0.03	0.20	1.57	(1.37)	2.36	(2.35)	7.09
COCO	2.02	0.25	0.07	0.61	2.76	(2.13)	4.46	(3.37)	17.27
CHA	2.52	(0.45)	0.00	(0.28)	0.00	0.00	5.85	(5.19)	15.71
UNFI	2.03	0.15	0.03	0.75	2.74	(2.26)	3.75	(4.25)	13.48
SMPL	1.71	(0.19)	0.00	0.54	0.00	0.00	3.81	(3.46)	12.40
CHEF	1.31	0.28	0.18	0.51	1.06	(1.46)	3.94	(2.18)	9.41
FLO	1.73	(0.11)	0.00	0.46	0.00	0.00	4.21	(4.36)	13.99
PRDO	1.22	0.10	0.02	(2.22)	1.61	(1.29)	2.77	(2.56)	11.37
MH	2.51	(0.22)	0.00	(0.26)	0.00	0.00	5.73	(4.78)	20.44
FIZZ	1.13	0.20	0.10	1.36	1.20	(1.28)	2.94	(1.95)	7.52

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