AMBEV S.A. (ABEV) — Stock Correlations & Overview
Over the past year, ABEV has moved most closely with BRF, EWZS, FLN. Explore the stocks most correlated and inversely correlated with ABEV below, along with its price, financials, and company profile.
Stocks correlated with ABEV
Correlation of daily returns. Higher positive values move with ABEV; negative values move opposite it. Informational only, not investment advice.
Most correlated with ABEV
| Symbol | Company | Correlation |
|---|---|---|
| BRF | VanEck Brazil Small-Cap ETF | 0.65 |
| EWZS | iShares MSCI Brazil Small-Cap ETF | 0.59 |
| FLN | First Trust Latin America AlphaDEX Fund | 0.59 |
| BRZU | Direxion Daily MSCI Brazil Bull 2X ETF | 0.59 |
| UBR | ProShares Ultra MSCI Brazil Capped | 0.59 |
Most inversely correlated with ABEV
| Symbol | Company | Correlation |
|---|---|---|
| BZQ | ProShares UltraShort MSCI Brazil Capped | -0.59 |
| EPV | ProShares UltraShort FTSE Europe | -0.39 |
| EFU | ProShares Trust UltraShort MSCI EAFE | -0.38 |
| EMBC | Embecta Corp. Common StockSURGICAL & MEDICAL INSTRUMENTS & APPARATUS | -0.37 |
| EFZ | ProShares Trust Short MSCI EAFE | -0.36 |
Frequently asked questions about ABEV correlations
- Which stocks are most correlated with ABEV?
- Based on one year of daily returns, the stocks most correlated with AMBEV S.A. (ABEV) are BRF (0.65), EWZS (0.59) and FLN (0.59). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with ABEV?
- Over the past year, the stocks most inversely correlated with AMBEV S.A. (ABEV) are BZQ (-0.59), EPV (-0.39) and EFU (-0.38). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these ABEV correlations calculated?
- We compute the correlation of daily returns between ABEV and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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