Coca Cola Correlations
| KO Stock | USD 57.60 0.06 0.10% |
The correlation of Coca Cola is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. 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. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
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 bureau of economic analysis. 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 The Coca Cola to buy it.
Moving together with Coca Stock
| + | 0.69 | K | Kellogg Company | Fiscal Quarter End 30th of September 2023 | PairCorr | |
| + | 0.77 | TR | Tootsie Roll Industries | Fiscal Quarter End 30th of September 2023 | PairCorr | |
| + | 0.73 | DOLE | Dole PLC | Fiscal Quarter End 30th of September 2023 | PairCorr | |
| + | 0.8 | WEST | Westrock Coffee | Fiscal Quarter End 30th of September 2023 | PairCorr | |
| + | 0.81 | WTER | Alkaline Water | Financial Report 13th of November 2023 | PairCorr | |
| + | 0.7 | FIZZ | National Beverage Corp | Fiscal Quarter End 31st of October 2023 | PairCorr | |
| + | 0.74 | BON | Bon Natural Life | PairCorr | ||
| + | 0.85 | CCU | Compania Cervecerias | Fiscal Quarter End 30th of September 2023 | PairCorr | |
| + | 0.76 | GIS | General Mills | Fiscal Quarter End 30th of November 2023 | PairCorr | |
| + | 0.84 | HRL | Hormel Foods | Fiscal Quarter End 31st of October 2023 | PairCorr | |
| + | 0.67 | KHC | Kraft Heinz | Fiscal Quarter End 30th of September 2023 | PairCorr |
Moving against Coca Stock
| - | 0.68 | VFF | Village Farms Intern | Fiscal Quarter End 30th of September 2023 | PairCorr | |
| - | 0.46 | SAM | Boston Beer | Fiscal Quarter End 30th of September 2023 | PairCorr |
Related Correlations Analysis
K | BG | LW | MO | PM | TR | DOLE | VITL | EDBL | ||
K | -0.7 | 0.82 | 0.72 | 0.79 | 0.8 | 0.75 | -0.13 | 0.3 | K | |
BG | -0.7 | -0.9 | -0.42 | -0.4 | -0.76 | -0.56 | -0.13 | -0.21 | BG | |
LW | 0.82 | -0.9 | 0.68 | 0.61 | 0.75 | 0.53 | -0.07 | 0.16 | LW | |
MO | 0.72 | -0.42 | 0.68 | 0.8 | 0.31 | 0.23 | -0.55 | -0.06 | MO | |
PM | 0.79 | -0.4 | 0.61 | 0.8 | 0.47 | 0.47 | -0.36 | 0.08 | PM | |
TR | 0.8 | -0.76 | 0.75 | 0.31 | 0.47 | 0.83 | 0.33 | 0.49 | TR | |
DOLE | 0.75 | -0.56 | 0.53 | 0.23 | 0.47 | 0.83 | 0.23 | 0.43 | DOLE | |
VITL | -0.13 | -0.13 | -0.07 | -0.55 | -0.36 | 0.33 | 0.23 | 0.35 | VITL | |
EDBL | 0.3 | -0.21 | 0.16 | -0.06 | 0.08 | 0.49 | 0.43 | 0.35 | EDBL | |
K | BG | LW | MO | PM | TR | DOLE | VITL | EDBL |
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 | High negative correlations |
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 | Information Ratio | Expected Shortfall | Potential Upside | Value At@Risk | Maximum Drawdown | |
|---|---|---|---|---|---|---|---|---|---|---|
| K | 0.69 | (0.10) | 0.00 | (0.19) | 0.00 | (0.11) | 0.00 | 1.68 | (1.74) | 4.14 |
| BG | 1.04 | 0.30 | 0.26 | 0.53 | 0.92 | 0.23 | (1.22) | 2.22 | (1.68) | 6.64 |
| LW | 0.92 | (0.27) | 0.00 | (0.59) | 0.00 | (0.19) | 0.00 | 1.57 | (2.45) | 8.52 |
| MO | 0.56 | (0.02) | 0.00 | (0.06) | 0.00 | (0.0192) | 0.00 | 1.06 | (1.29) | 4.15 |
| PM | 0.64 | 0.00 | 0.01 | (0.01) | 0.74 | 0.0093 | (0.70) | 1.22 | (1.24) | 3.38 |
| TR | 1.09 | (0.28) | 0.00 | (0.41) | 0.00 | (0.20) | 0.00 | 2.02 | (2.14) | 5.13 |
| DOLE | 1.12 | (0.21) | 0.00 | (0.38) | 0.00 | (0.13) | 0.00 | 1.94 | (2.53) | 8.95 |
| VITL | 2.56 | (0.08) | 0.00 | (0.29) | 0.00 | (0.0152) | 0.00 | 5.05 | (6.56) | 32.56 |
| EDBL | 5.89 | (0.24) | 0.00 | (0.11) | 0.00 | (0.0252) | 0.00 | 14.73 | (9.87) | 85.80 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Coca Cola without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Coca Cola Corporate Directors
Coca Cola corporate directors refer to members of a Coca Cola board of directors. The board of directors generally takes responsibility for the Coca Cola's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Coca Cola's board members must vote for the resolution. The Coca Cola board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Alexis Herman | Independent Director | Profile | |
| Howard Buffett | Independent Director | Profile | |
| Richard Daley | Independent Director | Profile | |
| Marc Bolland | Independent Director | Profile |
Already Invested in The Coca Cola?
The danger of trading The Coca Cola is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Coca Cola is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Coca Cola. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Coca-Cola is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 bureau of economic analysis. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Complementary Tools for Coca Stock analysis
When running Coca Cola's price analysis, check to measure Coca Cola's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Coca Cola is operating at the current time. Most of Coca Cola's value examination focuses on studying past and present price action to predict the probability of Coca Cola's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Coca Cola's price. Additionally, you may evaluate how the addition of Coca Cola to your portfolios can decrease your overall portfolio volatility.
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Is Coca Cola's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Coca Cola. If investors know Coca will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Coca Cola listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.339 | Dividend Share 1.8 | Earnings Share 2.41 | Revenue Per Share 10.206 | Quarterly Revenue Growth 0.057 |
The market value of Coca-Cola is measured differently than its book value, which is the value of Coca that is recorded on the company's balance sheet. Investors also form their own opinion of Coca Cola's value that differs from its market value or its book value, called intrinsic value, which is Coca Cola's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Coca Cola's market value can be influenced by many factors that don't directly affect Coca Cola's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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.