Coca Cola Correlations

COKE Stock

USD 117.71 1.76 1.52%

The current 90-days correlation between Coca Cola Consolidated and JD Sports Fashion is -0.05 (i.e., Good diversification). The correlation of Coca Cola 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.

Coca Cola Correlation With Market

Good diversification

The correlation between Coca Cola Consolidated and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Coca Cola Consolidated and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Coca Stock

0.85	KDP	Keurig Dr Pepper Sell-off Trend	Pair Corr
0.76	PEP	PepsiCo	Pair Corr
0.78	SHOTW	Safety Shot	Pair Corr
0.75	PRMB	Primo Brands	Pair Corr
0.65	SHOT	Safety Shot	Pair Corr
0.89	JZ	Jianzhi Education Tech Boost	Pair Corr
0.86	DNUT	Krispy Kreme	Pair Corr

Moving against Coca Stock

0.85	MNST	Monster Beverage Corp	Pair Corr
0.8	OTLY	Oatly Group AB	Pair Corr
0.8	IH	Ihuman Inc	Pair Corr
0.75	COCO	Vita Coco	Pair Corr
0.72	DG	Dollar General	Pair Corr
0.69	ZVIA	Zevia Pbc	Pair Corr
0.69	EL	Estee Lauder Companies	Pair Corr
0.65	CCEP	Coca Cola European	Pair Corr
0.56	CELH	Celsius Holdings	Pair Corr
0.46	FC	Franklin Covey	Pair Corr
0.43	FIZZ	National Beverage Corp	Pair Corr
0.36	BG	Bunge Limited	Pair Corr
0.92	EPSM	Epsium Enterprise Potential Growth	Pair Corr
0.84	DLTR	Dollar Tree	Pair Corr
0.81	EWCZ	European Wax Center	Pair Corr
0.79	PM	Philip Morris Intern	Pair Corr
0.77	YQ	17 Education Technology	Pair Corr
0.75	TR	Tootsie Roll Industries	Pair Corr
0.67	MO	Altria Group	Pair Corr
0.64	FAMI	Farmmi Inc	Pair Corr
0.59	WILC	G Willi Food	Pair Corr
0.56	EDBL	Edible Garden AG	Pair Corr
0.49	DTCK	Davis Commodities	Pair Corr
0.42	WEST	Westrock Coffee	Pair Corr

Related Correlations Analysis

	JDDSF	OLED	BC	CAPNU	SONO	CTYMF	MAT	GRMC
JDDSF		0.16	0.37	-0.37	0.2	-0.25	0.24	0.0	JDDSF
OLED	0.16		0.88	0.15	0.83	0.23	0.82	0.0	OLED
BC	0.37	0.88		-0.11	0.8	0.22	0.84	0.0	BC
CAPNU	-0.37	0.15	-0.11		0.26	0.17	0.26	0.0	CAPNU
SONO	0.2	0.83	0.8	0.26		0.03	0.93	0.0	SONO
CTYMF	-0.25	0.23	0.22	0.17	0.03		0.13	0.0	CTYMF
MAT	0.24	0.82	0.84	0.26	0.93	0.13		0.0	MAT
GRMC	0.0	0.0	0.0	0.0	0.0	0.0	0.0		GRMC
	JDDSF	OLED	BC	CAPNU	SONO	CTYMF	MAT	GRMC

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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

MAT	+ 0.93	SONO
BC	+ 0.88	OLED
MAT	+ 0.84	BC
SONO	+ 0.83	OLED
MAT	+ 0.82	OLED
SONO	+ 0.8	BC

High negative correlations

CAPNU	- 0.37	JDDSF
CTYMF	- 0.25	JDDSF
CAPNU	- 0.11	BC
GRMC	- 0.0	MAT
GRMC	- 0.0	CTYMF
GRMC	- 0.0	SONO

Risk-Adjusted Indicators

There is a big difference between Coca Stock performing well and Coca Cola 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 Coca Cola'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
JDDSF	1.10	0.19	0.00	1.21	0.00	0.00	0.95	0.00	21.70
OLED	2.49	0.08	0.04	0.13	3.83	(2.66)	5.88	(3.52)	31.04
BC	2.50	0.03	0.03	0.11	3.46	(2.77)	5.70	(5.15)	22.61
CAPNU	0.25	(0.02)	0.00	(0.50)	0.00	0.00	0.00	0.00	16.03
SONO	2.76	0.12	0.01	1.10	3.98	(3.08)	6.40	(4.90)	18.02
CTYMF	3.16	(0.01)	0.00	0.64	0.00	0.00	6.06	(8.33)	27.56
MAT	2.12	0.13	0.01	(8.15)	3.83	(2.13)	4.60	(4.07)	18.82
GRMC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Coca Cola Corporate Management

Beauregarde III	General VP	Profile
Nathaniel Tollison	Communications, Affairs	Profile
Christine Motherwell	Senior Resources	Profile
Frank III	Chairman CEO	Profile

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