Anheuser Busch Correlations

BUD Stock

USD 54.08 0.15 0.28%

The current 90-days correlation between Anheuser Busch Inbev and Fomento Economico Mexicano is 0.22 (i.e., Modest diversification). The correlation of Anheuser Busch 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.

Anheuser Busch Correlation With Market

Average diversification

The correlation between Anheuser Busch Inbev and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Anheuser Busch Inbev and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Anheuser Busch Inbev. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with Anheuser Stock

0.7	FMX	Fomento Economico	Pair Corr
0.87	KHC	Kraft Heinz Sell-off Trend	Pair Corr
0.63	OTLY	Oatly Group AB	Pair Corr
0.78	ABEV	Ambev SA ADR	Pair Corr
0.85	BYND	Beyond Meat	Pair Corr
0.64	CL	Colgate Palmolive Fiscal Year End 24th of January 2025	Pair Corr
0.89	EL	Estee Lauder Companies	Pair Corr
0.83	KO	Coca Cola Sell-off Trend	Pair Corr
0.86	UG	United Guardian	Pair Corr
0.8	UL	Unilever PLC ADR	Pair Corr
0.67	YQ	17 Education Technology	Pair Corr

Moving against Anheuser Stock

0.91	MO	Altria Group	Pair Corr
0.73	TAP	Molson Coors Brewing Sell-off Trend	Pair Corr
0.72	SAM	Boston Beer	Pair Corr
0.65	PAVS	Paranovus Entertainment	Pair Corr
0.59	KR	Kroger Company Sell-off Trend	Pair Corr
0.57	BJ	BJs Wholesale Club	Pair Corr
0.55	LW	Lamb Weston Holdings Sell-off Trend	Pair Corr
0.5	GO	Grocery Outlet Holding	Pair Corr
0.41	TSN	Tyson Foods	Pair Corr
0.33	WEST	Westrock Coffee	Pair Corr
0.76	EEIQ	Elite Education Group	Pair Corr
0.58	PM	Philip Morris Intern	Pair Corr
0.53	WILC	G Willi Food	Pair Corr
0.52	BRCNF	Burcon NutraScience Corp	Pair Corr
0.48	TR	Tootsie Roll Industries	Pair Corr
0.36	CENTA	Central Garden Pet	Pair Corr

Related Correlations Analysis

	FMX	CABGY	TAP-A	TAP	HEINY	TSGTY	STBFY
FMX		0.81	-0.66	-0.81	0.91	-0.32	0.71	FMX
CABGY	0.81		-0.69	-0.78	0.89	-0.05	0.83	CABGY
TAP-A	-0.66	-0.69		0.77	-0.69	-0.03	-0.46	TAP-A
TAP	-0.81	-0.78	0.77		-0.8	0.11	-0.61	TAP
HEINY	0.91	0.89	-0.69	-0.8		-0.32	0.85	HEINY
TSGTY	-0.32	-0.05	-0.03	0.11	-0.32		-0.23	TSGTY
STBFY	0.71	0.83	-0.46	-0.61	0.85	-0.23		STBFY
	FMX	CABGY	TAP-A	TAP	HEINY	TSGTY	STBFY

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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

HEINY	+ 0.91	FMX
HEINY	+ 0.89	CABGY
STBFY	+ 0.85	HEINY
STBFY	+ 0.83	CABGY
CABGY	+ 0.81	FMX
TAP	+ 0.77	TAP-A

High negative correlations

TAP	- 0.81	FMX
HEINY	- 0.8	TAP
TAP	- 0.78	CABGY
HEINY	- 0.69	TAP-A
TAP-A	- 0.69	CABGY
TAP-A	- 0.66	FMX

Risk-Adjusted Indicators

There is a big difference between Anheuser Stock performing well and Anheuser Busch 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 Anheuser Busch'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
FMX	0.88	(0.31)	0.00	(0.76)	0.00	0.00	1.68	(2.41)	5.50
CABGY	1.35	(0.17)	0.00	(1.04)	0.00	0.00	2.74	(2.54)	9.08
TAP-A	0.59	0.08	(0.02)	(0.43)	0.94	(2.01)	2.22	(1.87)	7.84
TAP	1.07	0.17	0.08	0.64	0.98	(1.22)	2.95	(1.84)	7.56
HEINY	0.92	(0.26)	0.00	1.81	0.00	0.00	1.51	(2.02)	6.89
TSGTY	2.89	0.17	0.02	0.37	3.86	(4.23)	8.74	(7.27)	33.66
STBFY	1.11	(0.11)	0.00	13.87	0.00	0.00	1.93	(2.71)	5.47

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