Coca Cola Related Correlations

KO Stock

MXN 1,031 0.89 0.09%

Generate correlation matrix for Coca Cola and other related equities to check the degree to which The Coca Cola price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for The Coca Cola. To filter out specific equities, please toggle its corresponding legend item. 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 tightly coupled with the direction of predictive economic indicators such as signals in population.

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Please note, there is a significant difference between Coca Cola's value and its price as these two are different measures arrived at by different means. Investors typically determine if Coca Cola is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Coca Cola's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

	FRC	CTSH	FR	MLM	SPORTS	GMXT	DBN
FRC		0.0	0.0	0.0	0.0	0.0	0.0	FRC
CTSH	0.0		0.23	-0.13	-0.03	0.27	-0.26	CTSH
FR	0.0	0.23		0.41	0.5	-0.27	-0.28	FR
MLM	0.0	-0.13	0.41		0.71	-0.76	0.66	MLM
SPORTS	0.0	-0.03	0.5	0.71		-0.52	0.41	SPORTS
GMXT	0.0	0.27	-0.27	-0.76	-0.52		-0.46	GMXT
DBN	0.0	-0.26	-0.28	0.66	0.41	-0.46		DBN
	FRC	CTSH	FR	MLM	SPORTS	GMXT	DBN

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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

SPORTS	+ 0.71	MLM
DBN	+ 0.66	MLM
SPORTS	+ 0.5	FR
MLM	+ 0.41	FR
DBN	+ 0.41	SPORTS
GMXT	+ 0.27	CTSH

High negative correlations

GMXT	- 0.76	MLM
GMXT	- 0.52	SPORTS
DBN	- 0.46	GMXT
DBN	- 0.28	FR
GMXT	- 0.27	FR
DBN	- 0.26	CTSH

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
FRC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CTSH	0.32	(0.16)	0.00	1.26	0.00	0.00	0.00	0.00	10.88
FR	0.72	(0.03)	0.00	(0.10)	0.00	0.00	1.53	(1.76)	3.80
MLM	0.66	0.24	0.00	3.26	0.00	0.00	2.30	(0.85)	9.43
SPORTS	1.19	0.15	0.04	(0.41)	1.08	(1.77)	3.45	(2.22)	7.32
GMXT	0.85	(0.07)	0.00	(0.45)	0.00	0.00	1.68	(2.62)	4.92
DBN	0.65	0.21	0.06	(0.41)	0.43	(2.88)	2.66	(1.74)	8.81

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Coca Cola Related Correlations

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Correlations

Correlation Matchups

Risk-Adjusted Indicators

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