Coca Cola Correlations

KO Stock

USD 64.43 0.12 0.19%

The current 90-days correlation between Coca Cola and Petrleo Brasileiro SA is -0.13 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Coca Cola moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if The Coca Cola moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Coca Cola Correlation With Market

Average diversification

The correlation between The Coca Cola and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Coca Cola and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Coca Stock

0.96	KDP	Keurig Dr Pepper Sell-off Trend	Pair Corr
0.85	KOF	Coca Cola Femsa	Pair Corr
0.85	PEP	PepsiCo	Pair Corr
0.64	SHOTW	Safety Shot	Pair Corr
0.81	OTLY	Oatly Group AB	Pair Corr
0.73	CELH	Celsius Holdings	Pair Corr
0.7	COKE	Coca Cola Consolidated	Pair Corr
0.83	BG	Bunge Limited	Pair Corr
0.91	CL	Colgate Palmolive Fiscal Year End 24th of January 2025	Pair Corr
0.88	EL	Estee Lauder Companies	Pair Corr
0.63	GV	Visionary Education	Pair Corr
0.87	UG	United Guardian	Pair Corr
0.95	UL	Unilever PLC ADR	Pair Corr

Moving against Coca Stock

0.89	COCO	Vita Coco	Pair Corr
0.78	ZVIA	Zevia Pbc	Pair Corr
0.74	PRMB	Primo Brands	Pair Corr
0.71	FIZZ	National Beverage Corp	Pair Corr
0.7	BJ	BJs Wholesale Club	Pair Corr
0.69	MNST	Monster Beverage Corp	Pair Corr
0.55	JZ	Jianzhi Education	Pair Corr
0.49	K	Kellanova	Pair Corr
0.86	LW	Lamb Weston Holdings Sell-off Trend	Pair Corr
0.76	KR	Kroger Company Sell-off Trend	Pair Corr
0.7	EEIQ	Elite Education Group	Pair Corr
0.69	PM	Philip Morris Intern	Pair Corr
0.68	MO	Altria Group	Pair Corr
0.66	BRCNF	Burcon NutraScience Corp	Pair Corr
0.59	WILC	G Willi Food	Pair Corr

Related Correlations Analysis

	CELH	CCEP	CIRAX	EURL	DODWX	COLL	DLDCX	PBR-A	AQPW
CELH		0.48	0.1	0.75	0.02	0.62	-0.37	0.46	0.0	CELH
CCEP	0.48		-0.24	0.42	-0.42	0.29	-0.49	0.54	0.0	CCEP
CIRAX	0.1	-0.24		0.39	0.9	0.45	0.45	-0.07	0.0	CIRAX
EURL	0.75	0.42	0.39		0.34	0.91	-0.32	0.49	0.0	EURL
DODWX	0.02	-0.42	0.9	0.34		0.41	0.58	-0.05	0.0	DODWX
COLL	0.62	0.29	0.45	0.91	0.41		-0.24	0.46	0.0	COLL
DLDCX	-0.37	-0.49	0.45	-0.32	0.58	-0.24		0.03	0.0	DLDCX
PBR-A	0.46	0.54	-0.07	0.49	-0.05	0.46	0.03		0.0	PBR-A
AQPW	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		AQPW
	CELH	CCEP	CIRAX	EURL	DODWX	COLL	DLDCX	PBR-A	AQPW

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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

COLL	+ 0.91	EURL
DODWX	+ 0.9	CIRAX
EURL	+ 0.75	CELH
COLL	+ 0.62	CELH
DLDCX	+ 0.58	DODWX
PBR-A	+ 0.54	CCEP

High negative correlations

DLDCX	- 0.49	CCEP
DODWX	- 0.42	CCEP
DLDCX	- 0.37	CELH
DLDCX	- 0.32	EURL
DLDCX	- 0.24	COLL
CIRAX	- 0.24	CCEP

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
CELH	2.78	(0.58)	0.00	(0.73)	0.00	0.00	5.82	(5.33)	20.47
CCEP	0.81	(0.04)	(0.11)	0.00	1.10	(0.77)	1.62	(1.75)	4.77
CIRAX	0.34	(0.05)	(0.26)	0.00	0.43	(0.34)	0.66	(0.82)	1.81
EURL	2.00	(0.56)	0.00	(0.38)	0.00	0.00	2.74	(5.13)	12.68
DODWX	0.52	(0.09)	0.00	(0.02)	0.00	0.00	1.08	(1.09)	3.17
COLL	1.88	(0.41)	0.00	(0.22)	0.00	0.00	3.23	(4.47)	12.29
DLDCX	0.91	(0.07)	(0.07)	0.04	1.30	(0.90)	1.58	(2.05)	4.99
PBR-A	1.16	(0.14)	0.00	(0.33)	0.00	0.00	2.27	(2.81)	5.66
AQPW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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