Coca-Cola Company (KO) Correlation Distribution
Across 6,809 rolling correlation observations between Coca-Cola Company (KO) and other NASDAQ-listed stocks, 40.1% are positive and 59.9% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.104, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 7% and strong negative correlations (≤−0.7) for 9.6%.
- Total observations
- 6,809
- Mean correlation
- -0.104
- Most common range
- -0.7 to -0.6
- Positive pairs
- 40.1%
- Strong positive (≥0.7)
- 7%
- Sector
- Beverages
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 326 | 4.8% | |
| -0.8 to -0.7 | 325 | 4.8% | |
| -0.7 to -0.6 | 691 | 10.1% | |
| -0.6 to -0.5 | 690 | 10.1% | |
| -0.5 to -0.4 | 512 | 7.5% | |
| -0.4 to -0.3 | 511 | 7.5% | |
| -0.3 to -0.2 | 368 | 5.4% | |
| -0.2 to -0.1 | 367 | 5.4% | |
| -0.1 to 0.0 | 286 | 4.2% | |
| 0.0 to 0.1 | 286 | 4.2% | |
| 0.1 to 0.2 | 311 | 4.6% | |
| 0.2 to 0.3 | 310 | 4.6% | |
| 0.3 to 0.4 | 293 | 4.3% | |
| 0.4 to 0.5 | 292 | 4.3% | |
| 0.5 to 0.6 | 384 | 5.6% | |
| 0.6 to 0.7 | 383 | 5.6% | |
| 0.7 to 0.8 | 236 | 3.5% | |
| 0.8 to 0.9 | 235 | 3.5% | |
| 0.9 to 1.0 | 3 | 0.0% |
Frequently asked questions
What is the average correlation of KO?
Coca-Cola Company (KO) has an average correlation of about -0.104 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is KO positively correlated with other stocks?
Not predominantly — 40.1% of pairs are positive and 59.9% are negative. Strong positive correlations (≥0.7) make up 7%.
What is the most common correlation range for KO?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 28.3% of all pairs.
Explore the full interactive correlation distribution for KO.
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