Starbucks Correlations

SBUX Stock  MXN 2,410  34.12  1.44%   
The current 90-days correlation between Starbucks and GMxico Transportes SAB is 0.02 (i.e., Significant 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Starbucks Correlation With Market

Average diversification

The correlation between Starbucks and DJI is 0.15 (i.e., Average 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

  0.74MCD McDonaldsPairCorr
  0.68CMRB CMR SAB dePairCorr
  0.9ALFAA Alfa SAB dePairCorr
  0.84MINSAB Grupo Minsa SABPairCorr
  0.95ABT Abbott LaboratoriesPairCorr
  0.94MEGACPO Megacable HoldingsPairCorr
  0.83CEMEXCPO CEMEX SAB dePairCorr

Moving against Starbucks Stock

  0.66SORIANAB Organizacin SorianaPairCorr
  0.61CMG Chipotle Mexican GrillPairCorr
  0.57SCCO Southern Copper SplitPairCorr
  0.42AUTLANB Compaa Minera AutlnPairCorr

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   
ROSTGMXT
ROSTDAL
MUDAL
SPORTSGMXT
  
High negative correlations   
DALGMXT
SPORTSMU
SPORTSDAL
ROSTSPORTS
MUGMXT
ROSTMU

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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