Coca Cola Correlations

KO Stock

USD 70.17 0.35 0.50%

The current 90-days correlation between Coca Cola and Pfizer Inc is 0.39 (i.e., Weak 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 0.14 (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

0.97	KDP	Keurig Dr Pepper	Pair Corr
0.78	PEP	PepsiCo Earnings Call This Week	Pair Corr
0.85	ZVIA	Zevia Pbc	Pair Corr
0.78	PRMW	Primo Water Corp	Pair Corr
0.72	STKL	SunOpta	Pair Corr
0.87	CCEP	Coca Cola European	Pair Corr
0.92	COKE	Coca Cola Consolidated	Pair Corr
0.91	K	Kellanova	Pair Corr
0.88	CL	Colgate Palmolive Fiscal Year End 24th of January 2025	Pair Corr
0.83	MO	Altria Group	Pair Corr
0.82	PG	Procter Gamble	Pair Corr
0.96	PM	Philip Morris Intern	Pair Corr
0.9	UG	United Guardian	Pair Corr
0.98	UL	Unilever PLC ADR	Pair Corr
0.96	DOLE	Dole PLC	Pair Corr

Moving against Coca Stock

0.94	CELH	Celsius Holdings	Pair Corr
0.88	GO	Grocery Outlet Holding	Pair Corr
0.87	FIZZ	National Beverage Corp	Pair Corr
0.84	BJ	BJs Wholesale Club	Pair Corr
0.8	DG	Dollar General	Pair Corr
0.76	BG	Bunge Limited	Pair Corr
0.75	REED	Reeds Inc	Pair Corr
0.73	BRFH	Barfresh Food Group	Pair Corr
0.72	EL	Estee Lauder Companies	Pair Corr
0.56	LW	Lamb Weston Holdings	Pair Corr
0.85	FAMI	Farmmi Inc	Pair Corr
0.84	WEST	Westrock Coffee	Pair Corr
0.84	AQB	AquaBounty Technologies	Pair Corr
0.83	DLTR	Dollar Tree	Pair Corr
0.82	VITL	Vital Farms	Pair Corr
0.68	WVVI	Willamette Valley	Pair Corr
0.63	EDBL	Edible Garden AG	Pair Corr
0.56	EAST	Eastside Distilling	Pair Corr
0.56	ADM	Archer Daniels Midland	Pair Corr
0.52	FARM	Farmer Bros	Pair Corr
0.38	ACI	Albertsons Companies	Pair Corr

Related Correlations Analysis

	PFE	ITW	BLDE	JPM	KNOP	JNJ	MRK	CVX	AL	CNK
PFE		0.27	0.03	-0.04	-0.34	0.4	-0.12	0.1	0.13	0.01	PFE
ITW	0.27		-0.07	0.25	-0.51	0.52	-0.28	-0.02	0.0	0.42	ITW
BLDE	0.03	-0.07		0.02	0.64	-0.58	0.77	0.79	0.76	-0.72	BLDE
JPM	-0.04	0.25	0.02		-0.02	0.3	0.01	0.08	0.29	0.22	JPM
KNOP	-0.34	-0.51	0.64	-0.02		-0.81	0.79	0.64	0.64	-0.8	KNOP
JNJ	0.4	0.52	-0.58	0.3	-0.81		-0.65	-0.65	-0.57	0.85	JNJ
MRK	-0.12	-0.28	0.77	0.01	0.79	-0.65		0.65	0.72	-0.76	MRK
CVX	0.1	-0.02	0.79	0.08	0.64	-0.65	0.65		0.85	-0.83	CVX
AL	0.13	0.0	0.76	0.29	0.64	-0.57	0.72	0.85		-0.72	AL
CNK	0.01	0.42	-0.72	0.22	-0.8	0.85	-0.76	-0.83	-0.72		CNK
	PFE	ITW	BLDE	JPM	KNOP	JNJ	MRK	CVX	AL	CNK

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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

CNK	+ 0.85	JNJ
AL	+ 0.85	CVX
CVX	+ 0.79	BLDE
MRK	+ 0.79	KNOP
MRK	+ 0.77	BLDE
AL	+ 0.76	BLDE

High negative correlations

CNK	- 0.83	CVX
JNJ	- 0.81	KNOP
CNK	- 0.8	KNOP
CNK	- 0.76	MRK
CNK	- 0.72	AL
CNK	- 0.72	BLDE

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
PFE	0.96	(0.01)	(0.03)	0.10	1.07	(1.07)	2.31	(1.93)	6.10
ITW	0.87	0.05	0.03	0.16	1.05	(0.91)	1.89	(1.84)	5.41
BLDE	2.85	(0.21)	(0.01)	0.03	4.08	(2.70)	4.88	(6.60)	26.64
JPM	1.08	(0.10)	(0.04)	0.03	1.76	(0.91)	2.06	(2.37)	7.98
KNOP	1.72	(0.34)	0.00	(0.73)	0.00	0.00	3.78	(3.77)	17.97
JNJ	0.78	0.13	0.05	0.81	0.73	(0.85)	2.10	(1.42)	5.84
MRK	1.01	(0.18)	0.00	1.80	0.00	0.00	1.31	(2.09)	11.82
CVX	1.07	(0.14)	0.00	(0.05)	0.00	0.00	1.65	(2.36)	7.09
AL	1.64	(0.31)	0.00	(0.06)	0.00	0.00	3.08	(3.84)	18.54
CNK	1.46	0.36	0.16	(2.59)	1.16	(1.69)	3.19	(2.45)	10.69

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