Boston Beer Correlations

SAM Stock

USD 313.68 1.37 0.44%

The current 90-days correlation between Boston Beer and Compania Cervecerias Unidas is 0.24 (i.e., Modest 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

Average diversification

The correlation between Boston Beer 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 Boston Beer and DJI in the same portfolio, assuming nothing else is changed.

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

0.86	TAP	Molson Coors Brewing Sell-off Trend	Pair Corr
0.64	KR	Kroger Company Sell-off Trend	Pair Corr
0.77	LW	Lamb Weston Holdings Sell-off Trend	Pair Corr

Moving against Boston Stock

0.88	KO	Coca Cola Sell-off Trend	Pair Corr
0.76	CL	Colgate Palmolive Fiscal Year End 24th of January 2025	Pair Corr
0.74	BUD	Anheuser Busch Inbev	Pair Corr
0.73	ABEV	Ambev SA ADR	Pair Corr
0.73	BG	Bunge Limited	Pair Corr
0.7	OTLY	Oatly Group AB	Pair Corr
0.69	DG	Dollar General Earnings Call This Week	Pair Corr
0.68	EL	Estee Lauder Companies	Pair Corr
0.65	KHC	Kraft Heinz Sell-off Trend	Pair Corr
0.6	GV	Visionary Education	Pair Corr
0.58	FMX	Fomento Economico	Pair Corr
0.57	BYND	Beyond Meat	Pair Corr
0.54	STZ	Constellation Brands	Pair Corr
0.81	UL	Unilever PLC ADR	Pair Corr
0.65	UG	United Guardian	Pair Corr
0.6	EDBL	Edible Garden AG	Pair Corr
0.55	DLTR	Dollar Tree	Pair Corr
0.55	WAFU	Wah Fu Education	Pair Corr
0.47	EDTK	Skillful Craftsman	Pair Corr
0.46	DTCK	Davis Commodities	Pair Corr
0.44	YQ	17 Education Technology	Pair Corr
0.35	DOLE	Dole PLC	Pair Corr
0.35	FARM	Farmer Bros	Pair Corr
0.31	VITL	Vital Farms	Pair Corr

Related Correlations Analysis

	BUD	TAP-A	HEINY	ABEV	CCU	TAP	FMX	CABGY	BDWBY	BUDFF
BUD		-0.59	0.81	0.78	0.12	-0.75	0.7	0.9	0.6	0.93	BUD
TAP-A	-0.59		-0.5	-0.43	-0.14	0.76	-0.43	-0.55	-0.3	-0.48	TAP-A
HEINY	0.81	-0.5		0.59	-0.28	-0.61	0.91	0.92	0.42	0.84	HEINY
ABEV	0.78	-0.43	0.59		0.0	-0.6	0.42	0.7	0.65	0.68	ABEV
CCU	0.12	-0.14	-0.28	0.0		-0.01	-0.3	-0.03	0.35	0.03	CCU
TAP	-0.75	0.76	-0.61	-0.6	-0.01		-0.53	-0.65	-0.28	-0.61	TAP
FMX	0.7	-0.43	0.91	0.42	-0.3	-0.53		0.83	0.41	0.77	FMX
CABGY	0.9	-0.55	0.92	0.7	-0.03	-0.65	0.83		0.62	0.92	CABGY
BDWBY	0.6	-0.3	0.42	0.65	0.35	-0.28	0.41	0.62		0.62	BDWBY
BUDFF	0.93	-0.48	0.84	0.68	0.03	-0.61	0.77	0.92	0.62		BUDFF
	BUD	TAP-A	HEINY	ABEV	CCU	TAP	FMX	CABGY	BDWBY	BUDFF

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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

BUDFF	+ 0.93	BUD
CABGY	+ 0.92	HEINY
BUDFF	+ 0.92	CABGY
FMX	+ 0.91	HEINY
CABGY	+ 0.9	BUD
BUDFF	+ 0.84	HEINY

High negative correlations

TAP	- 0.75	BUD
CABGY	- 0.65	TAP
BUDFF	- 0.61	TAP
TAP	- 0.61	HEINY
TAP	- 0.6	ABEV
TAP-A	- 0.59	BUD

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
BUD	0.88	(0.24)	0.00	(0.70)	0.00	0.00	1.36	(2.02)	9.38
TAP-A	0.59	0.07	(0.02)	(1.86)	0.94	(2.01)	2.22	(1.87)	7.84
HEINY	0.98	(0.29)	0.00	2.27	0.00	0.00	1.58	(2.02)	6.89
ABEV	1.14	(0.10)	0.00	0.45	0.00	0.00	2.20	(2.69)	6.42
CCU	1.46	(0.08)	0.00	(0.08)	0.00	0.00	2.84	(2.43)	8.67
TAP	1.07	0.18	0.09	0.66	0.97	(1.22)	2.95	(1.84)	7.56
FMX	0.92	(0.32)	0.00	(0.69)	0.00	0.00	1.68	(2.41)	5.50
CABGY	1.35	(0.19)	0.00	(1.99)	0.00	0.00	2.74	(2.54)	9.08
BDWBY	3.07	(0.34)	0.00	(0.55)	0.00	0.00	7.58	(9.03)	21.49
BUDFF	1.16	(0.19)	0.00	(1.76)	0.00	0.00	2.18	(2.95)	10.36

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