British Amer Correlations

BTI Stock

USD 40.71 0.12 0.29%

The current 90-days correlation between British American Tobacco and Philip Morris International is 0.37 (i.e., Weak diversification). The correlation of British Amer 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.

British Amer Correlation With Market

Good diversification

The correlation between British American Tobacco and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding British American Tobacco and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in British American Tobacco. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with British Stock

0.75	K	Kellanova Earnings Call Next Week	Pair Corr
0.67	MO	Altria Group	Pair Corr
0.76	PM	Philip Morris Intern	Pair Corr
0.7	BOF	BranchOut Food Common	Pair Corr
0.61	BUD	Anheuser Busch Inbev	Pair Corr
0.73	CCU	Compania Cervecerias	Pair Corr
0.71	FMX	Fomento Economico	Pair Corr
0.71	NOMD	Nomad Foods	Pair Corr

Moving against British Stock

0.77	FAMI	Farmmi Inc	Pair Corr
0.73	BG	Bunge Limited	Pair Corr
0.73	SAM	Boston Beer	Pair Corr
0.65	EDBL	Edible Garden AG	Pair Corr
0.63	STZ	Constellation Brands	Pair Corr
0.62	VITL	Vital Farms	Pair Corr
0.59	THS	Treehouse Foods	Pair Corr
0.57	LW	Lamb Weston Holdings Earnings Call This Week	Pair Corr
0.55	FRPT	Freshpet	Pair Corr
0.55	LSF	Laird Superfood	Pair Corr
0.84	JBSS	John B Sanfilippo	Pair Corr
0.74	JJSF	J J Snack	Pair Corr
0.74	RMCF	Rocky Mountain Chocolate	Pair Corr
0.69	TWG	Top Wealth Group	Pair Corr
0.68	RKDA	Arcadia Biosciences Earnings Call Tomorrow	Pair Corr
0.63	OTLY	Oatly Group AB	Pair Corr
0.63	STKH	Steakholder Foods	Pair Corr
0.61	BTTR	Better Choice	Pair Corr
0.6	HAIN	Hain Celestial	Pair Corr
0.56	BRID	Bridgford Foods	Pair Corr
0.54	INGR	Ingredion Incorporated	Pair Corr
0.45	LWAY	Lifeway Foods	Pair Corr

Related Correlations Analysis

	PM	UVV	VGR	IMBBY	MO	JAPAY	TPB	IMBBF
PM		0.5	0.0	0.96	0.81	0.09	0.58	0.88	PM
UVV	0.5		0.0	0.55	0.69	0.71	0.2	0.47	UVV
VGR	0.0	0.0		0.0	0.0	0.0	0.0	0.0	VGR
IMBBY	0.96	0.55	0.0		0.84	0.19	0.51	0.9	IMBBY
MO	0.81	0.69	0.0	0.84		0.5	0.1	0.75	MO
JAPAY	0.09	0.71	0.0	0.19	0.5		-0.33	0.19	JAPAY
TPB	0.58	0.2	0.0	0.51	0.1	-0.33		0.49	TPB
IMBBF	0.88	0.47	0.0	0.9	0.75	0.19	0.49		IMBBF
	PM	UVV	VGR	IMBBY	MO	JAPAY	TPB	IMBBF

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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

IMBBY	+ 0.96	PM
IMBBF	+ 0.9	IMBBY
IMBBF	+ 0.88	PM
MO	+ 0.84	IMBBY
MO	+ 0.81	PM
IMBBF	+ 0.75	MO

High negative correlations

TPB	- 0.33	JAPAY
IMBBF	- 0.0	VGR
TPB	- 0.0	VGR
JAPAY	- 0.0	VGR
MO	- 0.0	VGR
IMBBY	- 0.0	VGR

Risk-Adjusted Indicators

There is a big difference between British Stock performing well and British Amer 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 British Amer's 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
PM	1.08	0.30	0.26	(1.04)	1.00	(1.23)	2.26	(1.70)	14.00
UVV	0.93	(0.04)	0.00	(0.14)	0.00	0.00	1.41	(2.42)	8.24
VGR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IMBBY	0.82	0.14	0.16	0.52	0.85	(0.89)	1.76	(1.69)	4.30
MO	0.96	0.09	0.12	(0.67)	0.97	(1.04)	2.08	(1.76)	4.82
JAPAY	0.80	0.01	0.04	0.09	1.07	(0.84)	1.93	(1.78)	5.18
TPB	1.56	0.01	0.00	(0.02)	0.00	0.00	3.03	(4.51)	16.88
IMBBF	2.01	0.18	0.08	0.75	2.24	(2.46)	5.25	(4.25)	12.38

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