Monster Beverage Corporation (MNST) — Stock Correlations & Overview
Over the past year, MNST has moved most closely with CCEP, IYK, PSL. Explore the stocks most correlated and inversely correlated with MNST below, along with its price, financials, and company profile.
Stocks correlated with MNST
Correlation of daily returns. Higher positive values move with MNST; negative values move opposite it. Informational only, not investment advice.
Most correlated with MNST
| Symbol | Company | Correlation |
|---|---|---|
| CCEP | Coca-Cola Europacific Partners plc Ordinary Shares | 0.49 |
| IYK | iShares U.S. Consumer Staples ETF | 0.45 |
| PSL | Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Consumer Staples Momentum ETF | 0.44 |
| KXI | iShares Global Consumer Staples ETF | 0.42 |
| UGE | ProShares Ultra Consumer Staples | 0.42 |
Most inversely correlated with MNST
| Symbol | Company | Correlation |
|---|---|---|
| SZK | ProShares UltraShort Consumer Staples | -0.42 |
| GRNT | Granite Ridge Resources, Inc.CRUDE PETROLEUM & NATURAL GAS | -0.34 |
| NET | Cloudflare, Inc. Class A common stock, par value $0.001 per shareSERVICES-PREPACKAGED SOFTWARE | -0.33 |
| EGY | Vaalco Energy, Inc.CRUDE PETROLEUM & NATURAL GAS | -0.32 |
| FLR | Fluor CorporationHEAVY CONSTRUCTION OTHER THAN BLDG CONST - CONTRACTORS | -0.30 |
Frequently asked questions about MNST correlations
- Which stocks are most correlated with MNST?
- Based on one year of daily returns, the stocks most correlated with Monster Beverage Corporation (MNST) are CCEP (0.49), IYK (0.45) and PSL (0.44). 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 MNST?
- Over the past year, the stocks most inversely correlated with Monster Beverage Corporation (MNST) are SZK (-0.42), GRNT (-0.34) and NET (-0.33). 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 MNST correlations calculated?
- We compute the correlation of daily returns between MNST 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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