Coca Cola Correlations

COCSF Stock

USD 8.23 0.53 6.88%

The current 90-days correlation between Coca Cola FEMSA and Coca Cola Femsa SAB is 0.15 (i.e., Average 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.

Coca Cola Correlation With Market

Very good diversification

The correlation between Coca Cola FEMSA SAB and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Coca Cola FEMSA SAB and DJI in the same portfolio, assuming nothing else is changed.

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 Coca Cola FEMSA SAB to buy it.

Moving together with Coca Pink Sheet

0.64	KO	Coca Cola Aggressive Push	Pair Corr
0.63	KDP	Keurig Dr Pepper	Pair Corr
0.76	KOF	Coca Cola Femsa	Pair Corr
0.68	EMBVF	Arca Continental SAB	Pair Corr

Moving against Coca Pink Sheet

0.57	PBMRF	PT Bumi Resources	Pair Corr
0.52	STR	Sitio Royalties Corp	Pair Corr
0.45	MNST	Monster Beverage Corp Sell-off Trend	Pair Corr
0.31	CMWCF	Cromwell Property	Pair Corr
0.68	BMYMP	Bristol Myers Squibb	Pair Corr
0.67	ATOM	Atomera	Pair Corr
0.66	PLTR	Palantir Technologies Aggressive Push	Pair Corr
0.64	NFLX	Netflix Fiscal Year End 28th of January 2025	Pair Corr
0.58	KD	Kyndryl Holdings	Pair Corr
0.58	MA	Mastercard	Pair Corr
0.55	LINK	Interlink Electronics	Pair Corr
0.45	FDS	FactSet Research Systems	Pair Corr
0.36	B	Barnes Group	Pair Corr
0.35	DDD	3D Systems	Pair Corr

Related Correlations Analysis

	KOF	FIZZ	PRMW	KDP	COKE	PEP	KO	CCEP	MNST
KOF		-0.61	-0.66	0.87	0.39	0.7	0.86	0.3	-0.47	KOF
FIZZ	-0.61		0.65	-0.66	-0.26	-0.69	-0.71	-0.24	0.75	FIZZ
PRMW	-0.66	0.65		-0.79	-0.65	-0.73	-0.88	-0.74	0.77	PRMW
KDP	0.87	-0.66	-0.79		0.63	0.86	0.96	0.48	-0.58	KDP
COKE	0.39	-0.26	-0.65	0.63		0.51	0.65	0.64	-0.47	COKE
PEP	0.7	-0.69	-0.73	0.86	0.51		0.85	0.49	-0.57	PEP
KO	0.86	-0.71	-0.88	0.96	0.65	0.85		0.54	-0.71	KO
CCEP	0.3	-0.24	-0.74	0.48	0.64	0.49	0.54		-0.45	CCEP
MNST	-0.47	0.75	0.77	-0.58	-0.47	-0.57	-0.71	-0.45		MNST
	KOF	FIZZ	PRMW	KDP	COKE	PEP	KO	CCEP	MNST

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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

KO	+ 0.96	KDP
KDP	+ 0.87	KOF
KO	+ 0.86	KOF
PEP	+ 0.86	KDP
KO	+ 0.85	PEP
MNST	+ 0.77	PRMW

High negative correlations

KO	- 0.88	PRMW
KDP	- 0.79	PRMW
CCEP	- 0.74	PRMW
PEP	- 0.73	PRMW
MNST	- 0.71	KO
KO	- 0.71	FIZZ

Risk-Adjusted Indicators

There is a big difference between Coca Pink Sheet 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
KOF	1.12	(0.17)	0.00	(0.34)	0.00	0.00	2.21	(2.27)	5.30
FIZZ	0.96	0.08	0.00	0.32	1.04	(1.00)	2.21	(1.89)	6.35
PRMW	1.15	0.27	0.07	(1.49)	1.25	(1.18)	2.38	(2.29)	13.17
KDP	0.76	(0.20)	0.00	(0.36)	0.00	0.00	1.46	(2.08)	6.67
COKE	1.27	(0.14)	0.00	(0.02)	0.00	0.00	3.15	(2.42)	10.22
PEP	0.69	(0.09)	0.00	(5.05)	0.00	0.00	1.24	(1.38)	6.65
KO	0.67	(0.17)	0.00	(1.31)	0.00	0.00	1.10	(1.66)	4.00
CCEP	0.79	(0.08)	0.00	(0.07)	0.00	0.00	1.62	(1.75)	4.77
MNST	1.06	0.19	0.07	0.61	1.43	(1.19)	2.51	(1.35)	11.37

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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.

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Coca Cola Corporate Management

Ignacio Mendiguren	Chief Officer	Profile
Karina Prez	HR Officer	Profile
Constantino Montesinos	Chief Officer	Profile
John Otazua	Chief Officer	Profile
Rafael Casas	Chief Officer	Profile
Ian Garca	CEO Brazil	Profile
Eduardo Pea	Chief America	Profile

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