In graph theory, a clustering coefficient is a measure of degree to which nodes in a graph tend to cluster together. Evidence suggests that in most real-world networks, and in particular social networks, nodes tend to create tightly knit groups characterised by a relatively high density of ties (Holland and Leinhardt, 1971; Watts and Strogatz, 1998). In real-world networks, this likelihood tends to be greater than the average probability of a tie randomly established between two nodes (Holland and Leinhardt, 1971; Watts and Strogatz, 1998).
Two versions of this measure exist: the global and the local. The global version was designed to give an overall indication of the clustering in the network, whereas the local gives an indication of the embeddedness of single nodes.
Read more about Clustering Coefficient: Global Clustering Coefficient, Local Clustering Coefficient, Network Average Clustering Coefficient