Starbucks Correlations

Stocks . Brazil . 
Stock . Starbucks
SBUB34 Stock  BRL 656.12  5.38  0.81%   
The current 90-days correlation between Starbucks and Waste Management is 0.23 (i.e., Modest diversification). The correlation of Starbucks 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.

Starbucks Correlation With Market

Significant diversification

The correlation between Starbucks and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Starbucks and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Starbucks could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Starbucks 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 Starbucks - 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 Starbucks to buy it.

Moving together with Starbucks Stock

  0.82NMRH34 Nomura HoldingsPairCorr
  0.86XPBR31 Xp IncPairCorr
  0.9CYRE3 Cyrela Brazil RealtyPairCorr
  0.74ATTB34 ATT IncPairCorr
  0.74CPLE6F CPLE6FPairCorr
  0.71BAZA3 Banco da AmazniaPairCorr
  0.75T1MU34 T MobilePairCorr
  0.85BRSR3 Banco do EstadoPairCorr
  0.72ELET6 Centrais EltricasPairCorr
  0.81ALUP11 Alupar InvestimentoPairCorr
  0.62B3SA3 B3 SAPairCorr
  0.9CPLE6 Companhia ParanaensePairCorr
  0.83VIVT3 Telefnica BrasilPairCorr
  0.77SHUL4 Schulz SAPairCorr
  0.65REDE3 Rede Energia ParticipaesPairCorr
  0.84ITUB4 Ita Unibanco HoldingPairCorr

Moving against Starbucks Stock

  0.85TSLA34 Tesla IncPairCorr
  0.82GOGL34 AlphabetPairCorr
  0.79MSFT34 MicrosoftPairCorr
  0.79GOGL35 AlphabetPairCorr
  0.54AAPL34 Apple IncPairCorr
  0.54AMZO34 Amazon IncPairCorr
  0.34MCDC34 McDonaldsPairCorr
  0.43CEDO3 Companhia de FiacaoPairCorr

Related Correlations Analysis

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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   
P1YC34
+ 0.87
P1SA34
P1SA34
+ 0.74
E1XR34
P1YC34
+ 0.72
E1XR34
BMOB3
+ 0.56
W1MC34
P1SA34
+ 0.37
W1MC34
P1YC34
+ 0.17
W1MC34
  
High negative correlations   
P2ST34
- 0.74
W1MC34
P2ST34
- 0.62
P1SA34
P2ST34
- 0.47
P1YC34
P2ST34
- 0.41
E1XR34
P2ST34
- 0.3
BMOB3

Risk-Adjusted Indicators

There is a big difference between Starbucks Stock performing well and Starbucks 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 Starbucks' 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.

Be your own money manager

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

Elected by the shareholders, the Starbucks' board of directors comprises two types of representatives: Starbucks inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Starbucks. The board's role is to monitor Starbucks' management team and ensure that shareholders' interests are well served. Starbucks' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Starbucks' outside directors are responsible for providing unbiased perspectives on the board's policies.
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Zabrina JenkinsInterim CounselProfile
Laxman NarasimhanChief OfficerProfile
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