Zevia Pbc Correlations

ZVIA Stock

USD 2.19 0.14 6.83%

The current 90-days correlation between Zevia Pbc and Jones Soda Co is -0.16 (i.e., Good diversification). The correlation of Zevia Pbc 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.

Zevia Pbc Correlation With Market

Average diversification

The correlation between Zevia Pbc and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zevia Pbc and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zevia Pbc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For information on how to trade Zevia Stock refer to our How to Trade Zevia Stock guide.

Moving together with Zevia Stock

0.68	FIZZ	National Beverage Corp	Pair Corr
0.68	PRMB	Primo Brands	Pair Corr
0.78	STKL	SunOpta	Pair Corr
0.76	COCO	Vita Coco	Pair Corr
0.65	KR	Kroger Company Earnings Call This Week	Pair Corr
0.72	MO	Altria Group	Pair Corr

Moving against Zevia Stock

0.78	KO	Coca Cola Aggressive Push	Pair Corr
0.78	PEP	PepsiCo	Pair Corr
0.74	KOF	Coca Cola Femsa	Pair Corr
0.72	KDP	Keurig Dr Pepper	Pair Corr
0.72	EL	Estee Lauder Companies	Pair Corr
0.64	CL	Colgate Palmolive Fiscal Year End 24th of January 2025	Pair Corr
0.63	CELH	Celsius Holdings	Pair Corr
0.48	BG	Bunge Limited	Pair Corr
0.41	REED	Reeds Inc	Pair Corr
0.4	COKE	Coca Cola Consolidated	Pair Corr
0.38	SHOTW	Safety Shot	Pair Corr
0.37	JSDA	Jones Soda	Pair Corr
0.33	DG	Dollar General	Pair Corr
0.84	UG	United Guardian	Pair Corr
0.81	UL	Unilever PLC ADR	Pair Corr
0.72	FC	Franklin Covey	Pair Corr
0.68	DTCK	Davis Commodities	Pair Corr
0.65	BRBMF	Big Rock Brewery	Pair Corr
0.48	VITL	Vital Farms	Pair Corr
0.47	DOLE	Dole PLC	Pair Corr
0.42	EDBL	Edible Garden AG	Pair Corr
0.41	ANFIF	Amira Nature Foods	Pair Corr
0.33	DLTR	Dollar Tree Earnings Call This Week	Pair Corr
0.31	EAST	Eastside Distilling	Pair Corr

Related Correlations Analysis

	JSDA	HSEEF	WTER	PRMW	COCO	KOF	CCEP	AKO-B	FIZZ	AKO-A
JSDA		-0.06	-0.1	-0.09	-0.22	0.0	-0.05	-0.03	-0.2	0.0	JSDA
HSEEF	-0.06		-0.79	-0.72	-0.33	0.17	0.77	-0.08	-0.09	0.37	HSEEF
WTER	-0.1	-0.79		0.56	0.32	0.04	-0.64	0.31	0.15	-0.31	WTER
PRMW	-0.09	-0.72	0.56		0.81	-0.52	-0.81	-0.37	0.6	-0.65	PRMW
COCO	-0.22	-0.33	0.32	0.81		-0.68	-0.52	-0.51	0.8	-0.69	COCO
KOF	0.0	0.17	0.04	-0.52	-0.68		0.35	0.68	-0.54	0.54	KOF
CCEP	-0.05	0.77	-0.64	-0.81	-0.52	0.35		0.12	-0.33	0.47	CCEP
AKO-B	-0.03	-0.08	0.31	-0.37	-0.51	0.68	0.12		-0.38	0.66	AKO-B
FIZZ	-0.2	-0.09	0.15	0.6	0.8	-0.54	-0.33	-0.38		-0.48	FIZZ
AKO-A	0.0	0.37	-0.31	-0.65	-0.69	0.54	0.47	0.66	-0.48		AKO-A
	JSDA	HSEEF	WTER	PRMW	COCO	KOF	CCEP	AKO-B	FIZZ	AKO-A

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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

COCO	+ 0.81	PRMW
FIZZ	+ 0.8	COCO
CCEP	+ 0.77	HSEEF
AKO-B	+ 0.68	KOF
AKO-A	+ 0.66	AKO-B
FIZZ	+ 0.6	PRMW

High negative correlations

CCEP	- 0.81	PRMW
WTER	- 0.79	HSEEF
PRMW	- 0.72	HSEEF
AKO-A	- 0.69	COCO
KOF	- 0.68	COCO
AKO-A	- 0.65	PRMW

Risk-Adjusted Indicators

There is a big difference between Zevia Stock performing well and Zevia Pbc 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 Zevia Pbc'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	(0.10)	0.00	0.39	0.00	0.00	5.00	(5.00)	19.09
HSEEF	1.31	(0.53)	0.00	(0.09)	0.00	0.00	0.00	0.00	38.50
WTER	4.61	0.14	0.00	(0.24)	5.24	(5.54)	10.26	(8.23)	37.27
PRMW	1.15	0.23	0.08	1.95	1.25	(1.18)	2.38	(2.29)	13.17
COCO	1.62	0.53	0.21	1.26	1.48	(1.75)	3.72	(3.13)	11.39
KOF	1.14	(0.19)	0.00	(0.39)	0.00	0.00	2.21	(2.27)	5.30
CCEP	0.81	(0.03)	(0.09)	0.05	1.11	(0.76)	1.62	(1.75)	4.77
AKO-B	1.52	(0.09)	0.00	(0.36)	0.00	0.00	2.66	(3.04)	9.61
FIZZ	0.90	0.04	(0.03)	0.23	1.06	(0.92)	2.13	(1.89)	6.35
AKO-A	1.71	(0.07)	0.00	(0.53)	0.00	0.00	4.18	(4.83)	20.10

Zevia Pbc Corporate Management

Hany Mikhail	Chief Officer	Profile
Stephanie Schonauer	Chief Officer	Profile
Quincy Troupe	Chief Officer	Profile
Stephanie Yuen	Controller	Profile
Greig DeBow	Chief Officer	Profile
Denise Beckles	Chief Officer	Profile

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