Philip Morris Correlations

PM Stock

USD 131.82 0.00 0.00%

The current 90-days correlation between Philip Morris Intern and British American Tobacco is 0.39 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Philip Morris moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Philip Morris International moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Philip Morris Correlation With Market

Good diversification

The correlation between Philip Morris International and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Philip Morris International and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Philip Morris International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Philip Stock

0.66

SAM

Boston Beer

Pair Corr

Moving against Philip Stock

0.72	BG	Bunge Limited	Pair Corr
0.65	GIS	General Mills	Pair Corr
0.63	ADM	Archer Daniels Midland	Pair Corr
0.63	DDC	DDC Enterprise	Pair Corr
0.59	HSY	Hershey	Pair Corr
0.58	BUD	Anheuser Busch Inbev	Pair Corr
0.56	FMX	Fomento Economico	Pair Corr
0.54	BON	Bon Natural Life	Pair Corr
0.51	CAG	ConAgra Foods Sell-off Trend	Pair Corr
0.51	CPB	Campbell Soup Earnings Call This Week	Pair Corr
0.48	FLO	Flowers Foods	Pair Corr
0.43	DOLE	Dole PLC	Pair Corr
0.43	BGS	BG Foods	Pair Corr
0.38	HRL	Hormel Foods Fiscal Year End 4th of December 2024	Pair Corr
0.37	EDBL	Edible Garden AG	Pair Corr
0.31	VITL	Vital Farms	Pair Corr
0.7	THS	Treehouse Foods	Pair Corr
0.65	JBSS	John B Sanfilippo	Pair Corr
0.55	MKC	McCormick Company Sell-off Trend	Pair Corr
0.52	KHC	Kraft Heinz Sell-off Trend	Pair Corr
0.51	LND	Brasilagro Adr	Pair Corr
0.51	SJM	JM Smucker Earnings Call This Week	Pair Corr
0.51	XXII	22nd Century Group	Pair Corr
0.49	STZ	Constellation Brands	Pair Corr
0.48	RGF	Real Good Food	Pair Corr

Related Correlations Analysis

	BTI	UVV	VGR	IMBBY	MO	TPB	JAPAY	IMBBF
BTI		0.32	-0.6	0.0	0.35	-0.11	0.38	-0.23	BTI
UVV	0.32		0.03	0.52	0.82	0.71	-0.37	0.27	UVV
VGR	-0.6	0.03		0.66	0.15	0.66	-0.69	0.67	VGR
IMBBY	0.0	0.52	0.66		0.69	0.83	-0.71	0.77	IMBBY
MO	0.35	0.82	0.15	0.69		0.77	-0.54	0.39	MO
TPB	-0.11	0.71	0.66	0.83	0.77		-0.81	0.63	TPB
JAPAY	0.38	-0.37	-0.69	-0.71	-0.54	-0.81		-0.62	JAPAY
IMBBF	-0.23	0.27	0.67	0.77	0.39	0.63	-0.62		IMBBF
	BTI	UVV	VGR	IMBBY	MO	TPB	JAPAY	IMBBF

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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

TPB	+ 0.83	IMBBY
MO	+ 0.82	UVV
IMBBF	+ 0.77	IMBBY
TPB	+ 0.77	MO
TPB	+ 0.71	UVV
MO	+ 0.69	IMBBY

High negative correlations

JAPAY	- 0.81	TPB
JAPAY	- 0.71	IMBBY
JAPAY	- 0.69	VGR
IMBBF	- 0.62	JAPAY
VGR	- 0.6	BTI
JAPAY	- 0.54	MO

Risk-Adjusted Indicators

There is a big difference between Philip Stock performing well and Philip Morris 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 Philip Morris' 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	0.74	0.05	(0.05)	0.63	1.03	(0.75)	1.28	(1.32)	4.59
UVV	1.09	(0.01)	(0.03)	0.10	1.08	(1.33)	2.49	(1.91)	5.89
VGR	1.05	0.54	0.59	5.48	0.00	(1.32)	3.38	(0.96)	8.71
IMBBY	0.85	0.18	0.09	0.86	0.75	(1.03)	2.36	(1.43)	7.84
MO	0.78	0.17	0.04	(4.73)	0.71	(0.83)	1.48	(1.21)	9.22
TPB	1.58	0.64	0.44	1.14	0.71	(1.98)	4.76	(2.46)	10.20
JAPAY	0.83	(0.08)	0.00	2.34	0.00	0.00	1.80	(1.56)	5.09
IMBBF	2.16	0.10	0.00	0.70	2.57	(2.43)	4.63	(5.02)	11.56

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