Philip Morris Correlations
| 4I1 Stock | EUR 143.00 2.86 2.04% |
The current 90-days correlation between Philip Morris Intern and EBRO FOODS is 0.16 (i.e., Average diversification). The correlation of Philip Morris 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.
Philip Morris Correlation With Market
Modest diversification
The correlation between Philip Morris International and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Philip Morris International and DJI in the same portfolio, assuming nothing else is changed.
Philip |
The ability to find closely correlated positions to Philip Morris could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Philip Morris when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Philip Morris - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Philip Morris International to buy it.
Moving together with Philip Stock
| 0.89 | 4I1 | Philip Morris Intern | PairCorr |
| 0.67 | PHM7 | Altria Group | PairCorr |
| 0.9 | ITB | Imperial Brands PLC | PairCorr |
| 0.92 | ITB | Imperial Brands PLC | PairCorr |
| 0.63 | DP4B | AP Møller | PairCorr |
| 0.65 | DP4A | AP Mller | PairCorr |
| 0.76 | S0V | Seaboard | PairCorr |
| 0.64 | HUKI | HUHTAMAKI | PairCorr |
| 0.9 | VOL3 | VOLVO -A- | PairCorr |
| 0.75 | GIS | General Mills | PairCorr |
| 0.79 | KONN | Komercn banka as | PairCorr |
| 0.78 | 3RE | Rejlerkoncernen AB | PairCorr |
| 0.82 | T62 | TOHO ZINC LTD | PairCorr |
| 0.68 | ROM | Rohm Co | PairCorr |
| 0.67 | BSN | Danone SA | PairCorr |
| 0.81 | KGHA | KGHM Polska Miedz | PairCorr |
| 0.86 | B4B3 | Metro AG | PairCorr |
| 0.85 | SOBA | ATT Inc | PairCorr |
| 0.76 | 5TP | BLUE LABEL | PairCorr |
| 0.66 | PEH | PEH WERTPAPIER | PairCorr |
| 0.84 | BY6A | BYD Limited | PairCorr |
| 0.68 | BRH | Berkshire Hathaway | PairCorr |
| 0.62 | JYS1 | JYSKE BANK | PairCorr |
Moving against Philip Stock
| 0.78 | NVE | NVR Inc | PairCorr |
| 0.51 | 1Q6 | Prosafe SE | PairCorr |
| 0.43 | HHX | HAMMONIA Schiffsholding | PairCorr |
| 0.77 | DBPD | Xtrackers ShortDAX | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Philip Stock performing well and Philip Morris 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 Philip Morris' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AZU | 0.64 | 0.05 | 0.07 | (1.64) | 0.72 | 1.66 | 4.03 | |||
| TBCN | 1.20 | 0.09 | 0.03 | 0.45 | 1.29 | 2.78 | 8.26 | |||
| 5B9 | 0.99 | (0.02) | 0.00 | (0.48) | 0.00 | 1.94 | 6.29 | |||
| 0NH | 1.45 | 0.14 | 0.08 | (1.60) | 1.36 | 3.82 | 8.48 | |||
| LWF | 1.80 | (0.03) | 0.00 | (0.06) | 0.00 | 4.85 | 14.95 | |||
| GUU | 3.39 | 0.32 | 0.08 | 0.44 | 3.33 | 12.12 | 29.70 | |||
| NRSA | 1.37 | 0.10 | 0.05 | 0.51 | 1.79 | 3.26 | 6.79 | |||
| CN6 | 1.02 | 0.14 | 0.05 | 0.42 | 1.16 | 1.85 | 10.36 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Philip Morris without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Philip Morris Corporate Management
Elected by the shareholders, the Philip Morris' board of directors comprises two types of representatives: Philip Morris inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Philip. The board's role is to monitor Philip Morris' management team and ensure that shareholders' interests are well served. Philip Morris' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Philip Morris' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Emmanuel Babeau | Chief Officer | Profile | |
| Jorge MD | Chief Officer | Profile | |
| Stefano Volpetti | Pres Officer | Profile | |
| Prof Peitsch | Chief Officer | Profile |