Coca Cola Correlations

Stocks . USA . 
Stock . Coca Cola European Partners
CCEP Stock  USD 75.76  1.67  2.16%   
The current 90-days correlation between Coca Cola European and Tyson Foods is 0.33 (i.e., Weak 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

Modest diversification

The correlation between Coca Cola European Partners and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Coca Cola European Partners and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Coca Cola European Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Coca Stock

  0.63KO Coca Cola Fiscal Year End 11th of February 2025 PairCorr
  0.65BG Bunge LimitedPairCorr
  0.72CL Colgate Palmolive Fiscal Year End 24th of January 2025 PairCorr
  0.74PG Procter GamblePairCorr
  0.7UL Unilever PLC ADRPairCorr

Moving against Coca Stock

  0.8BJ BJs Wholesale Club Earnings Call This WeekPairCorr
  0.48JZ Jianzhi EducationPairCorr
  0.47COCO Vita CocoPairCorr
  0.42PRMB Primo BrandsPairCorr
  0.32FIZZ National Beverage CorpPairCorr
  0.31WTER Alkaline WaterPairCorr
  0.31MNST Monster Beverage CorpPairCorr
  0.59LW Lamb Weston HoldingsPairCorr
  0.54VINE Fresh Grapes LLCPairCorr
  0.53FAMI Farmmi IncPairCorr
  0.45YI 111 IncPairCorr
  0.43VSTA Vasta PlatformPairCorr
  0.41KR Kroger CompanyPairCorr
  0.41EEIQ Elite Education GroupPairCorr
  0.4VITL Vital FarmsPairCorr
  0.4WILC G Willi FoodPairCorr

Related Correlations Analysis

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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   
GMS
+ 0.8
PH
PH
+ 0.71
STKL
GMS
+ 0.61
STKL
BRID
+ 0.61
TSN
GMS
+ 0.52
SCL
PH
+ 0.43
SCL
  
High negative correlations   
BRID
- 0.5
PH
BRID
- 0.45
STKL
PH
- 0.43
TSN
GMS
- 0.29
BRID
GMS
- 0.26
TSN
GMS
- 0.17
FTLF

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.

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