COKE vs TVRD: Correlation
Coca-Cola Consolidated, Inc. (COKE) and Tvardi Therapeutics, Inc. (TVRD) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COKE and TVRD?
On 3 years of weekly data the COKE/TVRD correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.31 over 1 year against -0.26 over 3. The 5-year figure is -0.15, and annualized covariance runs at -1087.2 %².
Out of 10 assets tracked against COKE, TVRD lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with COKE ahead by 160.9 points (+66.8% versus -94.1%). One caveat on sizing: TVRD is 3.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
COKE vs TVRD: side by side
| COKE (Coca-Cola Consolidated, Inc.) | TVRD (Tvardi Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +66.8% | -94.1% |
| 5-year return | +408.3% | -99.7% |
| Volatility (ann.) | 34.3% | 119.7% |
| Beta vs S&P 500 | 0.28 | 1.39 |
| Max drawdown (3Y) | -27.4% | -98.5% |
| Market cap | $13.0B | – |
| P/E (trailing) | 25.8 | – |
| Dividend yield | 0.52% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COKE | TVRD |
|---|---|---|
| 2022 | -17.1% | -11.8% |
| 2023 | +82.9% | -93.1% |
| 2024 | +38.7% | -31.4% |
| 2025 | +22.6% | -76.6% |
| 2026 | +27.5% | -58.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COKE and TVRD good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between COKE and TVRD?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.31 over the last year and -0.15 over 5 years.
Is TVRD a good diversifier for COKE?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
A reading of -0.26 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/coke-vs-tvrd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/coke-vs-tvrd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: COKE correlations · TVRD correlations
