General Mills Correlations

Stocks . Germany . 
Stock . General Mills
GIS Stock   88.94  1.26  1.44%   
The current 90-days correlation between General Mills and Tyson Foods is 0.14 (i.e., Average diversification). The correlation of General Mills 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. If the correlation is 0, the equities are not correlated; they are entirely random.

General Mills Correlation With Market

Weak diversification

The correlation between General Mills and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding General Mills and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to General Mills could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace General Mills 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 General Mills - 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 General Mills to buy it.

Moving together with General Stock

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Moving against General Stock

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Related Correlations Analysis

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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   
TF7A
+ 0.98
TF7A
20V
+ 0.89
TF7A
TF7A
+ 0.87
20V
762
+ 0.74
TF7A
762
+ 0.73
TF7A
762
+ 0.71
20V
  
High negative correlations   
1D8
- 0.63
TF7A
TF7A
- 0.62
1D8
TF7A
- 0.57
AFO2
20V
- 0.57
1D8
AFO2
- 0.57
TF7A
762
- 0.53
1D8

Risk-Adjusted Indicators

There is a big difference between General Stock performing well and General Mills 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 General Mills' 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in General Mills 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.

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General Mills Corporate Management

Elected by the shareholders, the General Mills' board of directors comprises two types of representatives: General Mills inside directors who are chosen from within the company, and outside directors, selected externally and held independent of General. The board's role is to monitor General Mills' management team and ensure that shareholders' interests are well served. General Mills' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, General Mills' outside directors are responsible for providing unbiased perspectives on the board's policies.
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