General Mills Correlations

GIS Stock

USD 61.59 0.25 0.41%

The current 90-days correlation between General Mills and Campbell Soup is 0.75 (i.e., Poor 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

Average diversification

The correlation between General Mills and DJI is 0.13 (i.e., Average 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.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in General Mills. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more information on how to buy General Stock please use our How to Invest in General Mills guide.

Moving together with General Stock

0.63	MO	Altria Group	Pair Corr
0.73	KLG	WK Kellogg	Pair Corr
0.91	SAM	Boston Beer	Pair Corr
0.72	TAP	Molson Coors Brewing	Pair Corr
0.76	TSN	Tyson Foods	Pair Corr
0.81	UVV	Universal	Pair Corr
0.78	LWAY	Lifeway Foods	Pair Corr
0.76	ABEV	Ambev SA ADR Earnings Call Tomorrow	Pair Corr
0.87	CVGW	Calavo Growers	Pair Corr
0.73	BG	Bunge Limited	Pair Corr
0.92	CL	Colgate Palmolive	Pair Corr
0.68	DG	Dollar General	Pair Corr
0.67	GO	Grocery Outlet Holding	Pair Corr
0.87	LW	Lamb Weston Holdings	Pair Corr
0.68	PG	Procter Gamble	Pair Corr
0.85	TR	Tootsie Roll Industries	Pair Corr
0.7	UL	Unilever PLC ADR	Pair Corr
0.82	DNUT	Krispy Kreme	Pair Corr
0.76	DOLE	Dole PLC Earnings Call Tomorrow	Pair Corr

Moving against General Stock

0.79	K	Kellanova Earnings Call This Week	Pair Corr
0.62	CCU	Compania Cervecerias	Pair Corr
0.59	BOF	BranchOut Food Common	Pair Corr
0.48	BTI	British American Tobacco	Pair Corr
0.39	VITL	Vital Farms Earnings Call Next Week	Pair Corr
0.4	BJ	BJs Wholesale Club Earnings Call Next Week	Pair Corr
0.33	KR	Kroger Company	Pair Corr
0.81	UG	United Guardian	Pair Corr
0.77	BRLSW	Borealis Foods	Pair Corr
0.64	VSTA	Vasta Platform	Pair Corr
0.64	EWCZ	European Wax Center	Pair Corr
0.59	WAFU	Wah Fu Education Buyout Trend	Pair Corr
0.4	WILC	G Willi Food	Pair Corr

Related Correlations Analysis

	CPB	KHC	CAG	HRL	K	SJM	LW	MKC
CPB		0.9	0.81	0.62	-0.79	0.91	0.86	0.34	CPB
KHC	0.9		0.82	0.69	-0.61	0.93	0.75	0.6	KHC
CAG	0.81	0.82		0.84	-0.78	0.83	0.78	0.35	CAG
HRL	0.62	0.69	0.84		-0.61	0.7	0.67	0.38	HRL
K	-0.79	-0.61	-0.78	-0.61		-0.66	-0.85	-0.04	K
SJM	0.91	0.93	0.83	0.7	-0.66		0.8	0.57	SJM
LW	0.86	0.75	0.78	0.67	-0.85	0.8		0.3	LW
MKC	0.34	0.6	0.35	0.38	-0.04	0.57	0.3		MKC
	CPB	KHC	CAG	HRL	K	SJM	LW	MKC

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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

SJM	+ 0.93	KHC
SJM	+ 0.91	CPB
KHC	+ 0.9	CPB
LW	+ 0.86	CPB
HRL	+ 0.84	CAG
SJM	+ 0.83	CAG

High negative correlations

LW	- 0.85	K
K	- 0.79	CPB
K	- 0.78	CAG
SJM	- 0.66	K
K	- 0.61	HRL
K	- 0.61	KHC

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CPB	1.21	(0.06)	0.00	(0.28)	0.00	0.00	2.33	(2.97)	8.10
KHC	1.16	0.03	0.02	0.12	1.46	(1.24)	2.31	(2.27)	6.83
CAG	1.13	(0.03)	0.00	1.68	0.00	0.00	2.26	(2.29)	8.53
HRL	1.06	0.02	0.01	0.06	1.27	(1.06)	2.50	(1.81)	6.26
K	0.14	0.04	0.28	2.09	0.00	(0.16)	0.33	(0.25)	0.79
SJM	1.32	0.08	0.05	(1.36)	1.51	(1.41)	3.33	(2.12)	10.00
LW	1.91	(0.50)	0.00	1.70	0.00	0.00	2.99	(3.79)	26.89
MKC	1.01	0.15	0.13	0.54	1.09	(1.20)	2.56	(1.50)	7.38

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