McCormick Company Correlations

MKC-V Preferred Stock

USD 77.94 0.64 0.83%

The current 90-days correlation between McCormick Company and Central Garden Pet is 0.25 (i.e., Modest diversification). The correlation of McCormick Company 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.

McCormick Company Correlation With Market

Good diversification

The correlation between McCormick Company Incorporated and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding McCormick Company Incorporated and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to McCormick Company could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace McCormick Company 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 McCormick Company - 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 McCormick Company Incorporated to buy it.

Moving together with McCormick Preferred Stock

0.71	NSRGF	Nestle SA	Pair Corr
0.75	KHC	Kraft Heinz Sell-off Trend	Pair Corr
0.93	GIS	General Mills	Pair Corr
0.74	GRBMF	Grupo Bimbo SAB	Pair Corr
0.8	BMBOY	Grupo Bimbo SAB	Pair Corr

Moving against McCormick Preferred Stock

0.82	NVDA	NVIDIA	Pair Corr
0.78	GOOG	Alphabet Class C	Pair Corr
0.75	BMYMP	Bristol Myers Squibb	Pair Corr
0.61	AMZN	Amazon Inc Aggressive Push	Pair Corr
0.41	CIADY	China Mengniu Dairy	Pair Corr
0.37	META	Meta Platforms	Pair Corr
0.36	AAPL	Apple Inc Sell-off Trend	Pair Corr
0.34	K	Kellanova	Pair Corr
0.86	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.83	PANW	Palo Alto Networks	Pair Corr
0.8	OZK	Bank Ozk Fiscal Year End 16th of January 2025	Pair Corr
0.78	TS	Tenaris SA ADR	Pair Corr
0.77	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.72	MSI	Motorola Solutions	Pair Corr
0.72	CDXC	Chromadex Corp	Pair Corr
0.69	TWKS	Thoughtworks Holding	Pair Corr
0.68	PRU	Prudential Financial	Pair Corr
0.68	TATT	Tat Techno	Pair Corr
0.65	GRMN	Garmin	Pair Corr
0.63	NI	NiSource	Pair Corr
0.56	FVRR	Fiverr International	Pair Corr
0.81	CTBI	Community Trust Bancorp Fiscal Year End 15th of January 2025	Pair Corr
0.8	CRM	Salesforce	Pair Corr
0.72	NGS	Natural Gas Services	Pair Corr
0.72	ATR	AptarGroup	Pair Corr
0.72	KLIC	Kulicke and Soffa	Pair Corr
0.69	IP	International Paper	Pair Corr

Related Correlations Analysis

	CENT	SENEB	NATR	SENEA	CENTA	JJSF	BRID	ASBFF	LANC
CENT		0.28	0.44	0.12	1.0	0.2	0.54	0.1	-0.04	CENT
SENEB	0.28		0.27	0.26	0.26	0.04	0.01	-0.31	0.17	SENEB
NATR	0.44	0.27		0.79	0.4	0.39	-0.08	-0.49	0.49	NATR
SENEA	0.12	0.26	0.79		0.07	0.3	-0.33	-0.75	0.54	SENEA
CENTA	1.0	0.26	0.4	0.07		0.2	0.56	0.15	-0.07	CENTA
JJSF	0.2	0.04	0.39	0.3	0.2		0.02	-0.22	0.6	JJSF
BRID	0.54	0.01	-0.08	-0.33	0.56	0.02		0.32	-0.5	BRID
ASBFF	0.1	-0.31	-0.49	-0.75	0.15	-0.22	0.32		-0.51	ASBFF
LANC	-0.04	0.17	0.49	0.54	-0.07	0.6	-0.5	-0.51		LANC
	CENT	SENEB	NATR	SENEA	CENTA	JJSF	BRID	ASBFF	LANC

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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

CENTA	+ 1.0	CENT
SENEA	+ 0.79	NATR
LANC	+ 0.6	JJSF
BRID	+ 0.56	CENTA
BRID	+ 0.54	CENT
LANC	+ 0.54	SENEA

High negative correlations

ASBFF	- 0.75	SENEA
LANC	- 0.51	ASBFF
LANC	- 0.5	BRID
ASBFF	- 0.49	NATR
BRID	- 0.33	SENEA
ASBFF	- 0.31	SENEB

Risk-Adjusted Indicators

There is a big difference between McCormick Preferred Stock performing well and McCormick Company 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 McCormick Company'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
CENT	1.25	(0.12)	(0.09)	(0.01)	1.44	(1.42)	2.81	(2.33)	6.39
SENEB	1.21	0.21	0.04	6.48	1.24	(2.03)	3.42	(2.64)	11.90
NATR	2.06	0.07	0.09	0.15	1.84	(2.58)	6.11	(2.99)	22.72
SENEA	1.16	0.15	0.08	0.30	1.44	(1.31)	2.87	(1.85)	11.87
CENTA	1.25	(0.17)	0.00	(0.04)	0.00	0.00	2.74	(2.72)	6.82
JJSF	1.00	(0.08)	(0.05)	0.05	1.22	(1.06)	2.12	(1.89)	9.61
BRID	2.27	(0.17)	0.00	(0.64)	0.00	0.00	4.52	(4.87)	32.90
ASBFF	0.31	(0.14)	0.00	0.73	0.00	0.00	0.00	0.00	6.28
LANC	1.18	0.02	0.01	0.14	1.54	(1.25)	3.43	(2.05)	9.59

Be your own money manager

Our tools can tell you how much better you can do entering a position in McCormick Company 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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McCormick Company Corporate Management

Lawrence Kurzius	Chairman CEO	Profile
Robert Conrad	VP Treasurer	Profile
Lori Robinson	Corp Communications	Profile
Michael Smith	Ex CFO	Profile
Jeffery Schwartz	Gen VP	Profile
Lisa Manzone	VP Relations	Profile
Malcolm Swift	Chief Solutions	Profile

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