Coca-Cola Consolidated, Inc. Common Stock (COKE) Correlation Distribution
Across 6,809 rolling correlation observations between Coca-Cola Consolidated, Inc. Common Stock (COKE) and other NASDAQ-listed stocks, 38.2% are positive and 61.8% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.107, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 16.3% and strong negative correlations (≤−0.7) for 13.5%.
- Total observations
- 6,809
- Mean correlation
- -0.107
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.2%
- Strong positive (≥0.7)
- 16.3%
- Sector
- Bottled & Canned Soft Drinks & Carbonated Waters
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 20 | 0.3% | |
| -0.9 to -0.8 | 449 | 6.6% | |
| -0.8 to -0.7 | 449 | 6.6% | |
| -0.7 to -0.6 | 828 | 12.2% | |
| -0.6 to -0.5 | 827 | 12.1% | |
| -0.5 to -0.4 | 447 | 6.6% | |
| -0.4 to -0.3 | 446 | 6.6% | |
| -0.3 to -0.2 | 262 | 3.8% | |
| -0.2 to -0.1 | 262 | 3.8% | |
| -0.1 to 0.0 | 215 | 3.2% | |
| 0.0 to 0.1 | 215 | 3.2% | |
| 0.1 to 0.2 | 188 | 2.8% | |
| 0.2 to 0.3 | 187 | 2.7% | |
| 0.3 to 0.4 | 204 | 3.0% | |
| 0.4 to 0.5 | 203 | 3.0% | |
| 0.5 to 0.6 | 250 | 3.7% | |
| 0.6 to 0.7 | 250 | 3.7% | |
| 0.7 to 0.8 | 416 | 6.1% | |
| 0.8 to 0.9 | 416 | 6.1% | |
| 0.9 to 1.0 | 275 | 4.0% |
Frequently asked questions
What is the average correlation of COKE?
Coca-Cola Consolidated, Inc. Common Stock (COKE) has an average correlation of about -0.107 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is COKE positively correlated with other stocks?
Not predominantly — 38.2% of pairs are positive and 61.8% are negative. Strong positive correlations (≥0.7) make up 16.3%.
What is the most common correlation range for COKE?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 19.5% of all pairs.
Explore the full interactive correlation distribution for COKE.
Open interactive dashboard →