Altria Correlations

MO Stock

USD 57.95 0.39 0.67%

The current 90-days correlation between Altria Group and British American Tobacco is 0.32 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Altria moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altria Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Altria Correlation With Market

Significant diversification

The correlation between Altria Group and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Altria Group and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Altria Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Altria Stock

0.69	K	Kellanova	Pair Corr
0.79	PM	Philip Morris Intern	Pair Corr
0.62	TR	Tootsie Roll Industries	Pair Corr
0.75	DOLE	Dole PLC	Pair Corr
0.7	FARM	Farmer Bros	Pair Corr
0.62	BTI	British American Tobacco Sell-off Trend	Pair Corr
0.96	BUD	Anheuser Busch Inbev	Pair Corr
0.9	CCU	Compania Cervecerias	Pair Corr
0.63	DDC	DDC Enterprise	Pair Corr
0.92	FMX	Fomento Economico	Pair Corr
0.64	HSY	Hershey	Pair Corr
0.75	JVA	Coffee Holding	Pair Corr
0.67	KHC	Kraft Heinz	Pair Corr
0.76	KLG	WK Kellogg Downward Rally	Pair Corr
0.85	MKC	McCormick Company Earnings Call This Week	Pair Corr
0.72	PPC	Pilgrims Pride Corp	Pair Corr

Moving against Altria Stock

0.92	FRPT	Freshpet	Pair Corr
0.84	VITL	Vital Farms Sell-off Trend	Pair Corr
0.8	FAMI	Farmmi Inc	Pair Corr
0.77	EDBL	Edible Garden AG	Pair Corr
0.74	BON	Bon Natural Life	Pair Corr
0.71	FTFT	Future Fintech Group	Pair Corr
0.51	LW	Lamb Weston Holdings	Pair Corr
0.48	DAR	Darling Ingredients	Pair Corr
0.37	FDP	Fresh Del Monte	Pair Corr
0.34	ADM	Archer Daniels Midland	Pair Corr
0.33	FLO	Flowers Foods	Pair Corr
0.31	BG	Bunge Limited	Pair Corr
0.82	THS	Treehouse Foods	Pair Corr
0.75	LSF	Laird Superfood	Pair Corr
0.68	TWG	Top Wealth Group	Pair Corr
0.65	KAVL	Kaival Brands Innovations	Pair Corr
0.61	XXII	22nd Century Group Earnings Call This Week	Pair Corr
0.6	JBSS	John B Sanfilippo	Pair Corr
0.57	LMNR	Limoneira	Pair Corr
0.51	VFF	Village Farms Intern	Pair Corr
0.46	ISPR	Ispire Technology Common	Pair Corr

Related Correlations Analysis

	BTI	UVV	IMBBY	VGR	PM	TPB	JAPAY	IMBBF
BTI		0.34	0.85	0.0	0.75	0.43	-0.05	0.79	BTI
UVV	0.34		0.42	0.0	0.35	0.26	0.71	0.31	UVV
IMBBY	0.85	0.42		0.0	0.96	0.59	-0.11	0.9	IMBBY
VGR	0.0	0.0	0.0		0.0	0.0	0.0	0.0	VGR
PM	0.75	0.35	0.96	0.0		0.68	-0.23	0.87	PM
TPB	0.43	0.26	0.59	0.0	0.68		-0.22	0.56	TPB
JAPAY	-0.05	0.71	-0.11	0.0	-0.23	-0.22		-0.13	JAPAY
IMBBF	0.79	0.31	0.9	0.0	0.87	0.56	-0.13		IMBBF
	BTI	UVV	IMBBY	VGR	PM	TPB	JAPAY	IMBBF

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

PM	+ 0.96	IMBBY
IMBBF	+ 0.9	IMBBY
IMBBF	+ 0.87	PM
IMBBY	+ 0.85	BTI
IMBBF	+ 0.79	BTI
PM	+ 0.75	BTI

High negative correlations

JAPAY	- 0.23	PM
JAPAY	- 0.22	TPB
IMBBF	- 0.13	JAPAY
JAPAY	- 0.11	IMBBY
JAPAY	- 0.05	BTI
IMBBF	- 0.0	VGR

Risk-Adjusted Indicators

There is a big difference between Altria Stock performing well and Altria 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 Altria'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
BTI	0.93	0.19	0.15	0.61	1.59	(0.94)	2.16	(1.82)	11.81
UVV	0.91	0.04	0.07	0.00	1.25	(0.98)	1.41	(2.42)	7.86
IMBBY	0.82	0.18	0.23	0.49	0.85	(0.88)	1.76	(1.69)	4.30
VGR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PM	1.10	0.32	0.28	0.99	1.04	(1.23)	2.26	(1.70)	14.00
TPB	1.61	(0.05)	0.00	(0.15)	0.00	0.00	3.03	(4.50)	16.89
JAPAY	0.79	(0.09)	0.00	0.59	0.00	0.00	1.93	(1.78)	5.18
IMBBF	1.94	0.24	0.11	0.59	2.21	(2.27)	5.25	(4.25)	12.38

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC