Primo Water Correlations
| PRMWDelisted Stock | USD 24.21 0.47 1.90% |
The current 90-days correlation between Primo Water Corp and Embotelladora Andina SA is 0.14 (i.e., Average diversification). The correlation of Primo 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.
Primo Water Correlation With Market
Good diversification
The correlation between Primo Water Corp and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Primo Water Corp and DJI in the same portfolio, assuming nothing else is changed.
Primo |
Moving together with Primo Stock
| 0.88 | MAR | Marriott International | PairCorr |
| 0.62 | CRAI | CRA International | PairCorr |
| 0.87 | TGTX | TG Therapeutics | PairCorr |
| 0.92 | HAFC | Hanmi Financial Fiscal Year End 28th of January 2025 | PairCorr |
| 0.78 | OBYCF | Obayashi | PairCorr |
| 0.77 | PETS | PetMed Express | PairCorr |
| 0.77 | EVGR | Evergreen Corp | PairCorr |
| 0.8 | HWC | Hancock Whitney Corp Fiscal Year End 21st of January 2025 | PairCorr |
| 0.79 | GIFI | Gulf Island Fabrication | PairCorr |
| 0.8 | SAPMF | Saipem SpA | PairCorr |
| 0.81 | AS | Amer Sports, | PairCorr |
| 0.7 | ESGLW | ESGL Holdings Limited | PairCorr |
| 0.88 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.91 | HUT | Hut 8 Corp | PairCorr |
| 0.89 | RELY | Remitly Global Tech Boost | PairCorr |
| 0.76 | NBIX | Neurocrine Biosciences | PairCorr |
| 0.88 | BSIG | Brightsphere Investment | PairCorr |
| 0.85 | FBMS | First Bancshares, Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.92 | GLPPRB | Global Partners LP | PairCorr |
| 0.82 | XMTR | Xometry Upward Rally | PairCorr |
| 0.85 | YPF | YPF Sociedad Anonima | PairCorr |
| 0.78 | FRME | First Merchants Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.71 | GLABF | Gemina Laboratories Earnings Call This Week | PairCorr |
| 0.87 | RWAYL | MSCI ACWI exAUCONSUMER | PairCorr |
| 0.83 | DMRC | Digimarc | PairCorr |
Moving against Primo Stock
| 0.82 | MEDS | Trxade Group Symbol Change | PairCorr |
| 0.53 | 251566AA3 | DT 3625 21 | PairCorr |
| 0.39 | WDLF | Social Life Network | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Primo Stock performing well and Primo 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 Primo 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AKO-A | 1.30 | (0.01) | 0.00 | (0.24) | 0.00 | 2.14 | 14.40 | |||
| AQPW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FIZZ | 1.07 | (0.05) | 0.00 | (0.08) | 0.00 | 2.13 | 10.75 | |||
| ASII | 13.50 | 2.10 | 0.08 | (0.49) | 12.77 | 50.00 | 119.44 | |||
| COCO | 1.42 | 0.33 | 0.19 | 0.94 | 1.35 | 3.72 | 11.39 | |||
| KOF | 1.06 | (0.21) | 0.00 | (0.37) | 0.00 | 1.53 | 6.33 | |||
| CCEP | 0.87 | (0.10) | 0.00 | (0.26) | 0.00 | 2.16 | 5.45 | |||
| AKO-B | 1.56 | (0.01) | (0.01) | (0.02) | 2.25 | 2.66 | 10.54 | |||
| APRU | 6.34 | (0.42) | 0.00 | 0.19 | 0.00 | 14.29 | 46.67 | |||
| KDP | 0.81 | (0.22) | 0.00 | (0.52) | 0.00 | 1.48 | 6.63 |
Primo Water Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Primo Water stock to make a market-neutral strategy. Peer analysis of Primo Water could also be used in its relative valuation, which is a method of valuing Primo Water by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Primo Water Corporate Management
| Ghire Shivprasad | Vice President - Human Resources | Profile | |
| Gregory Monahan | Independent Director | Profile | |
| Marni Poe | Chief Legal Officer, Secretary | Profile | |
| Shayron BarnesSelby | Chief Officer | Profile | |
| Anne Melaragni | Chief Officer | Profile | |
| Stephen Halperin | Independent Director | Profile |
Still Interested in Primo Water Corp?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.