Alkaline Water Correlations

Summary

WTERDelisted Stock

USD 1.49 0.19 11.31%

The current 90-days correlation between Alkaline Water and Hill Street Beverage is 0.23 (i.e., Modest diversification). The correlation of Alkaline Water 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.

The ability to find closely correlated positions to Alkaline Water could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alkaline Water when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Alkaline Water - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Alkaline Water to buy it.

Moving together with Alkaline Pink Sheet

0.7

VINE

Fresh Grapes LLC

Pair Corr

Moving against Alkaline Pink Sheet

0.65	REED	Reeds Inc	Pair Corr
0.59	BRFH	Barfresh Food Group	Pair Corr
0.58	CCEP	Coca Cola European	Pair Corr
0.48	CELH	Celsius Holdings	Pair Corr
0.37	PEP	PepsiCo	Pair Corr
0.39	CL	Colgate Palmolive Fiscal Year End 24th of January 2025	Pair Corr
0.31	DG	Dollar General	Pair Corr
0.77	WEST	Westrock Coffee	Pair Corr
0.74	EDBL	Edible Garden AG	Pair Corr
0.73	FARM	Farmer Bros	Pair Corr
0.69	CENTA	Central Garden Pet	Pair Corr
0.64	EAST	Eastside Distilling	Pair Corr
0.49	DTCK	Davis Commodities	Pair Corr

Related Correlations Analysis

	JSDA	ZVIA	HSEEF	PRMW	REED	FIZZ	CELH	MNST	KOF	KDP
JSDA		-0.3	-0.11	-0.09	0.37	-0.34	0.35	-0.32	0.05	-0.03	JSDA
ZVIA	-0.3		-0.04	0.39	-0.43	0.68	-0.62	0.54	-0.7	-0.69	ZVIA
HSEEF	-0.11	-0.04		-0.77	0.59	-0.1	0.42	-0.48	0.22	0.31	HSEEF
PRMW	-0.09	0.39	-0.77		-0.76	0.53	-0.7	0.81	-0.44	-0.61	PRMW
REED	0.37	-0.43	0.59	-0.76		-0.4	0.68	-0.65	0.23	0.36	REED
FIZZ	-0.34	0.68	-0.1	0.53	-0.4		-0.5	0.66	-0.52	-0.58	FIZZ
CELH	0.35	-0.62	0.42	-0.7	0.68	-0.5		-0.74	0.53	0.47	CELH
MNST	-0.32	0.54	-0.48	0.81	-0.65	0.66	-0.74		-0.41	-0.43	MNST
KOF	0.05	-0.7	0.22	-0.44	0.23	-0.52	0.53	-0.41		0.82	KOF
KDP	-0.03	-0.69	0.31	-0.61	0.36	-0.58	0.47	-0.43	0.82		KDP
	JSDA	ZVIA	HSEEF	PRMW	REED	FIZZ	CELH	MNST	KOF	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	+ 0.82	KOF
MNST	+ 0.81	PRMW
FIZZ	+ 0.68	ZVIA
CELH	+ 0.68	REED
MNST	+ 0.66	FIZZ
REED	+ 0.59	HSEEF

High negative correlations

PRMW	- 0.77	HSEEF
REED	- 0.76	PRMW
MNST	- 0.74	CELH
CELH	- 0.7	PRMW
KOF	- 0.7	ZVIA
KDP	- 0.69	ZVIA

Risk-Adjusted Indicators

There is a big difference between Alkaline Pink Sheet performing well and Alkaline Water 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 Alkaline Water'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
JSDA	2.86	(0.13)	0.00	1.33	0.00	0.00	5.00	(5.00)	19.09
ZVIA	4.89	1.19	0.25	1.42	3.95	(6.82)	13.33	(7.38)	39.46
HSEEF	1.05	(0.12)	0.00	(0.22)	0.00	0.00	0.00	0.00	34.62
PRMW	1.15	0.24	0.10	2.01	1.25	(1.18)	2.38	(2.29)	13.17
REED	5.91	(0.26)	0.00	0.45	0.00	0.00	12.50	(12.12)	56.89
FIZZ	0.91	0.02	(0.03)	0.14	1.08	(0.92)	2.13	(1.89)	6.35
CELH	2.70	(0.56)	0.00	(0.83)	0.00	0.00	5.82	(5.22)	20.47
MNST	1.09	0.18	0.07	0.51	1.54	(1.19)	2.51	(1.35)	11.37
KOF	1.14	(0.23)	0.00	(0.56)	0.00	0.00	2.21	(2.27)	5.30
KDP	0.76	(0.19)	0.00	(0.44)	0.00	0.00	1.46	(2.08)	6.67

View Alkaline Water Related Equities

Jones Soda Co Zevia Pbc Hill Street Beverage Primo Water Corp Reeds Inc National Beverage Corp Celsius Holdings Monster Beverage Corp Coca Cola Femsa SAB Keurig Dr Pepper Hiru Corporation NOHO Inc DNA Brands Eq Energy Drink Vita Coco

Risk & Return

Correlation

Alkaline Water Corporate Management

Rosie Cousino	Director Marketing	Profile
Jeff Wright	Director Relations	Profile
Frank Lazaran	Pres CEO	Profile
Nicholas Salimbene	Director Operations	Profile

Still Interested in Alkaline Water?

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