Imperial Brands Correlations
| IMBBY Stock | USD 34.75 0.80 2.36% |
The current 90-days correlation between Imperial Brands PLC and Japan Tobacco is 0.05 (i.e., Significant diversification). The correlation of Imperial Brands 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.
Imperial Brands Correlation With Market
Good diversification
The correlation between Imperial Brands PLC and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Imperial Brands PLC and DJI in the same portfolio, assuming nothing else is changed.
Imperial |
The ability to find closely correlated positions to Imperial Brands could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Imperial Brands 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 Imperial Brands - 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 Imperial Brands PLC to buy it.
Moving together with Imperial OTC Stock
| 0.76 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.84 | T | ATT Inc Aggressive Push | PairCorr |
| 0.68 | JPM | JPMorgan Chase | PairCorr |
| 0.81 | CSCO | Cisco Systems | PairCorr |
| 0.68 | GE | GE Aerospace | PairCorr |
| 0.74 | MCD | McDonalds | PairCorr |
| 0.88 | IBM | International Business | PairCorr |
Moving against Imperial OTC Stock
| 0.76 | MRK | Merck Company Aggressive Push | PairCorr |
| 0.72 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.64 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.63 | PBCRY | Bank Central Asia | PairCorr |
| 0.58 | PBCRF | PT Bank Central | PairCorr |
| 0.57 | KB | KB Financial Group | PairCorr |
| 0.55 | CAT | Caterpillar | PairCorr |
| 0.55 | AA | Alcoa Corp | PairCorr |
| 0.52 | BKRKY | Bank Rakyat | PairCorr |
| 0.49 | SHG | Shinhan Financial | PairCorr |
| 0.38 | PTBRY | Bank Negara Indonesia | PairCorr |
| 0.35 | HPQ | HP Inc Earnings Call Today | PairCorr |
| 0.35 | MSFT | Microsoft | 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 Imperial OTC Stock performing well and Imperial Brands OTC Stock 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 Imperial Brands' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JAPAF | 3.60 | 0.11 | 0.02 | (0.26) | 4.40 | 9.36 | 26.00 | |||
| BTAFF | 2.03 | 0.11 | 0.04 | 0.74 | 2.31 | 5.06 | 12.29 | |||
| TPB | 1.48 | 0.20 | 0.10 | 0.64 | 1.74 | 4.38 | 10.55 | |||
| UVV | 0.92 | (0.02) | 0.00 | (0.03) | 0.00 | 1.43 | 7.86 | |||
| VGR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JAPAY | 0.76 | (0.11) | 0.00 | (1.00) | 0.00 | 1.27 | 5.18 | |||
| PM | 1.04 | 0.29 | 0.22 | 1.79 | 0.98 | 1.87 | 12.05 | |||
| MO | 0.83 | 0.01 | 0.00 | 0.11 | 1.08 | 1.64 | 4.82 | |||
| BTI | 0.88 | 0.11 | 0.06 | 0.31 | 1.62 | 1.59 | 11.81 |
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Imperial Brands Corporate Management
Elected by the shareholders, the Imperial Brands' board of directors comprises two types of representatives: Imperial Brands inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Imperial. The board's role is to monitor Imperial Brands' management team and ensure that shareholders' interests are well served. Imperial Brands' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Imperial Brands' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Sean Roberts | Chief Officer | Profile | |
| Ales Struminsky | Pres Region | Profile | |
| Andrew Newall | Group Director | Profile | |
| Lukas Paravicini | CFO Director | Profile | |
| Stefan Bomhard | CEO Director | Profile | |
| Alison Clarke | Chief Officer | Profile | |
| Christopher Street | Head Accounts | Profile |