Coca Cola Correlations

KOF Stock

USD 88.77 1.70 1.88%

The current 90-days correlation between Coca Cola Femsa and Grupo Aeroportuario del is 0.2 (i.e., Modest 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

Good diversification

The correlation between Coca Cola Femsa SAB and DJI is -0.01 (i.e., 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.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Coca Cola Femsa SAB. 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

0.94	KO	Coca Cola	Pair Corr
0.88	KDP	Keurig Dr Pepper	Pair Corr
0.73	MNST	Monster Beverage Corp	Pair Corr
0.9	CCEP	Coca Cola European	Pair Corr
0.75	K	Kellanova	Pair Corr
0.71	BJ	BJs Wholesale Club	Pair Corr
0.7	DG	Dollar General	Pair Corr
0.64	JZ	Jianzhi Education	Pair Corr
0.78	KR	Kroger Company	Pair Corr
0.89	MO	Altria Group	Pair Corr
0.66	PG	Procter Gamble	Pair Corr
0.89	PM	Philip Morris Intern	Pair Corr
0.87	YI	111 Inc	Pair Corr
0.74	YQ	17 Education Technology	Pair Corr
0.76	DOLE	Dole PLC	Pair Corr

Moving against Coca Stock

0.87	ZVIA	Zevia Pbc	Pair Corr
0.72	GO	Grocery Outlet Holding	Pair Corr
0.66	FC	Franklin Covey Earnings Call This Week	Pair Corr
0.59	LW	Lamb Weston Holdings	Pair Corr
0.53	FIZZ	National Beverage Corp	Pair Corr
0.5	EL	Estee Lauder Companies	Pair Corr
0.45	BG	Bunge Limited	Pair Corr
0.88	VITL	Vital Farms	Pair Corr
0.78	DNUT	Krispy Kreme	Pair Corr
0.78	FAMI	Farmmi Inc	Pair Corr
0.77	DTCK	Davis Commodities	Pair Corr
0.74	EDBL	Edible Garden AG	Pair Corr
0.64	VINE	Fresh Grapes LLC	Pair Corr
0.51	DLTR	Dollar Tree	Pair Corr
0.5	IMKTA	Ingles Markets	Pair Corr
0.48	FEDU	Four Seasons Education	Pair Corr

Related Correlations Analysis

	FMX	TV	ASR	PAC	OMAB
FMX		0.2	0.32	0.26	0.42	FMX
TV	0.2		0.26	0.52	0.33	TV
ASR	0.32	0.26		0.78	0.87	ASR
PAC	0.26	0.52	0.78		0.84	PAC
OMAB	0.42	0.33	0.87	0.84		OMAB
	FMX	TV	ASR	PAC	OMAB

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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
FMX	1.29	0.18	0.15	0.72	1.35	(1.45)	2.99	(2.25)	7.97
TV	2.11	(0.16)	0.00	(0.26)	0.00	0.00	4.21	(5.03)	14.97
ASR	1.61	0.14	0.07	0.06	1.87	(1.74)	2.92	(3.29)	13.79
PAC	1.56	0.04	0.00	(0.02)	0.00	0.00	3.31	(2.76)	8.63
OMAB	1.79	0.21	0.09	0.19	2.21	(1.85)	3.71	(3.57)	11.84

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