Coca Cola Correlations
| CCHGYDelisted Stock | USD 30.63 0.00 0.00% |
The current 90-days correlation between Coca Cola HBC and Carlsberg AS is 0.06 (i.e., Significant 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Coca Cola Correlation With Market
Good diversification
The correlation between Coca Cola HBC 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 Coca Cola HBC and DJI in the same portfolio, assuming nothing else is changed.
Coca |
The ability to find closely correlated positions to Coca Cola could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Coca Cola when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Coca Cola - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Coca Cola HBC to buy it.
Moving together with Coca Pink Sheet
Moving against Coca Pink Sheet
| 0.44 | FIZZ | National Beverage Corp | PairCorr |
| 0.44 | JSDA | Jones Soda | PairCorr |
| 0.39 | MNST | Monster Beverage Corp | PairCorr |
| 0.57 | IMKTA | Ingles Markets | PairCorr |
| 0.44 | WEST | Westrock Coffee | PairCorr |
| 0.35 | EDBL | Edible Garden AG | PairCorr |
| 0.33 | AVO | Mission Produce Upward Rally | PairCorr |
Related Correlations Analysis
| 0.72 | 0.9 | 0.8 | 0.86 | CABGY | ||
| 0.72 | 0.74 | 0.56 | 0.76 | BZLFY | ||
| 0.9 | 0.74 | 0.86 | 0.84 | ASBFY | ||
| 0.8 | 0.56 | 0.86 | 0.85 | KRYAY | ||
| 0.86 | 0.76 | 0.84 | 0.85 | BTDPY | ||
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Risk-Adjusted Indicators
There is a big difference between Coca Pink Sheet 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CABGY | 1.42 | (0.32) | 0.00 | (3.64) | 0.00 | 2.87 | 9.08 | |||
| BZLFY | 0.82 | (0.23) | 0.00 | (0.42) | 0.00 | 1.27 | 5.56 | |||
| ASBFY | 1.07 | (0.17) | 0.00 | (0.60) | 0.00 | 2.30 | 6.99 | |||
| KRYAY | 1.22 | (0.04) | 0.00 | 0.57 | 0.00 | 2.33 | 7.82 | |||
| BTDPY | 1.40 | (0.26) | 0.00 | (1.11) | 0.00 | 3.64 | 8.42 |
Coca Cola 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 Coca Cola pink sheet to make a market-neutral strategy. Peer analysis of Coca Cola could also be used in its relative valuation, which is a method of valuing Coca Cola by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Coca Cola HBC?
Investing in delisted pink sheets can be risky, as the pink sheet 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.