Boston Beer Correlations

SAM Stock

USD 199.84 4.71 2.41%

The current 90-days correlation between Boston Beer and Compania Cervecerias Unidas is 0.1 (i.e., Average 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

Weak diversification

The correlation between Boston Beer and DJI is 0.31 (i.e., Weak 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

0.73	BR	Big Rock Brewery	Pair Corr
0.88	605499	Eastroc Beverage	Pair Corr
0.72	IPST	Heritage Distilling Symbol Change	Pair Corr
0.7	600600	Tsingtao Brewery	Pair Corr
0.66	002461	Guangzhou Zhujiang	Pair Corr

Moving against Boston Stock

0.9	ABEV	Ambev SA ADR Aggressive Push	Pair Corr
0.88	PPERY	Bank Mandiri Persero	Pair Corr
0.71	CCU	Compania Cervecerias	Pair Corr
0.54	BUD	Anheuser Busch Inbev	Pair Corr
0.86	FSRL	First Reliance Bancshares Normal Trading	Pair Corr
0.78	CICOY	COSCO SHIPPING Holdings	Pair Corr
0.71	PLTK	Playtika Holding Corp	Pair Corr
0.61	MZHOF	Mizuho Financial Normal Trading	Pair Corr
0.59	SYF	Synchrony Financial	Pair Corr
0.58	FLIDY	FLSmidth Co AS	Pair Corr
0.57	PBCRY	Bank Central Asia	Pair Corr
0.56	JPSTF	JAPAN POST BANK	Pair Corr
0.54	PPERF	Bank Mandiri Persero	Pair Corr
0.49	CTOWY	China TowerLimited	Pair Corr
0.47	STLFF	Stillfront Group	Pair Corr
0.45	PTBRY	Bank Negara Indonesia	Pair Corr
0.41	MBFJF	Mitsubishi UFJ Financial	Pair Corr
0.37	MEOAF	Melbana Energy	Pair Corr
0.95	CAH	Cardinal Health	Pair Corr
0.86	NRC	National Research Corp	Pair Corr
0.85	LCDX	Caliber Imaging Diag	Pair Corr
0.78	TMSNY	Temenos Group AG	Pair Corr
0.74	NAUFF	NevGold Corp	Pair Corr
0.74	FTV	Fortive Corp	Pair Corr

Related Correlations Analysis

	CCU	COCO	CHA	UNFI	SMPL	CHEF	FLO	PRDO	MH	FIZZ
CCU		0.67	-0.47	-0.7	-0.8	0.53	-0.76	-0.72	0.68	-0.59	CCU
COCO	0.67		-0.69	-0.85	-0.63	0.54	-0.79	-0.78	0.91	-0.48	COCO
CHA	-0.47	-0.69		0.75	0.63	-0.64	0.82	0.8	-0.66	0.8	CHA
UNFI	-0.7	-0.85	0.75		0.76	-0.64	0.79	0.78	-0.78	0.66	UNFI
SMPL	-0.8	-0.63	0.63	0.76		-0.64	0.82	0.78	-0.55	0.78	SMPL
CHEF	0.53	0.54	-0.64	-0.64	-0.64		-0.56	-0.62	0.42	-0.77	CHEF
FLO	-0.76	-0.79	0.82	0.79	0.82	-0.56		0.95	-0.81	0.72	FLO
PRDO	-0.72	-0.78	0.8	0.78	0.78	-0.62	0.95		-0.75	0.68	PRDO
MH	0.68	0.91	-0.66	-0.78	-0.55	0.42	-0.81	-0.75		-0.44	MH
FIZZ	-0.59	-0.48	0.8	0.66	0.78	-0.77	0.72	0.68	-0.44		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

PRDO	+ 0.95	FLO
MH	+ 0.91	COCO
FLO	+ 0.82	CHA
FLO	+ 0.82	SMPL
PRDO	+ 0.8	CHA
FIZZ	+ 0.8	CHA

High negative correlations

UNFI	- 0.85	COCO
MH	- 0.81	FLO
SMPL	- 0.8	CCU
FLO	- 0.79	COCO
MH	- 0.78	UNFI
PRDO	- 0.78	COCO

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	0.04	0.02	0.10	1.63	(1.35)	2.56	(2.37)	9.52
COCO	1.90	0.36	0.13	1.72	2.11	(2.16)	4.54	(3.37)	13.09
CHA	2.48	(0.39)	0.00	(0.20)	0.00	0.00	6.04	(4.47)	16.14
UNFI	1.87	(0.20)	0.00	(0.17)	0.00	0.00	3.47	(7.32)	14.24
SMPL	1.66	(0.33)	0.00	8.89	0.00	0.00	2.40	(2.61)	19.75
CHEF	1.37	0.07	0.03	0.17	1.92	(1.31)	2.30	(2.85)	10.20
FLO	1.26	(0.28)	0.00	(0.45)	0.00	0.00	2.08	(3.52)	7.08
PRDO	1.34	(0.41)	0.00	(0.51)	0.00	0.00	1.89	(3.58)	12.03
MH	2.45	0.41	0.15	0.47	2.27	(2.97)	6.07	(3.29)	28.70
FIZZ	1.34	(0.23)	0.00	(8.28)	0.00	0.00	2.99	(3.05)	7.83

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