General Mills Correlations

GIS Stock

USD 59.19 0.53 0.89%

The current 90-days correlation between General Mills and Campbell Soup is 0.86 (i.e., Very poor diversification). The correlation of General Mills 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.

General Mills Correlation With Market

Good diversification

The correlation between General Mills and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding General Mills and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in General Mills. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more information on how to buy General Stock please use our How to Invest in General Mills guide.

Moving together with General Stock

0.78	CAG	ConAgra Foods	Pair Corr
0.85	CPB	Campbell Soup	Pair Corr
0.67	FLO	Flowers Foods	Pair Corr

Moving against General Stock

0.44	BOF	BranchOut Food Common	Pair Corr
0.34	DAR	Darling Ingredients Downward Rally	Pair Corr
0.38	LND	Brasilagro Adr	Pair Corr

Related Correlations Analysis

	CPB	KHC	CAG	HRL	K	SJM	LW	MKC
CPB		0.63	0.76	0.44	-0.12	0.44	0.03	0.27	CPB
KHC	0.63		0.45	0.01	0.52	0.83	-0.46	0.71	KHC
CAG	0.76	0.45		0.7	-0.15	0.5	0.13	0.22	CAG
HRL	0.44	0.01	0.7		-0.49	0.1	0.55	-0.26	HRL
K	-0.12	0.52	-0.15	-0.49		0.66	-0.89	0.85	K
SJM	0.44	0.83	0.5	0.1	0.66		-0.52	0.79	SJM
LW	0.03	-0.46	0.13	0.55	-0.89	-0.52		-0.79	LW
MKC	0.27	0.71	0.22	-0.26	0.85	0.79	-0.79		MKC
	CPB	KHC	CAG	HRL	K	SJM	LW	MKC

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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

MKC	+ 0.85	K
SJM	+ 0.83	KHC
MKC	+ 0.79	SJM
CAG	+ 0.76	CPB
MKC	+ 0.71	KHC
HRL	+ 0.7	CAG

High negative correlations

LW	- 0.89	K
MKC	- 0.79	LW
LW	- 0.52	SJM
K	- 0.49	HRL
LW	- 0.46	KHC
MKC	- 0.26	HRL

Risk-Adjusted Indicators

There is a big difference between General Stock performing well and General Mills 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 General Mills' 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
CPB	1.40	(0.09)	0.00	0.29	0.00	0.00	2.59	(3.45)	10.02
KHC	1.27	0.03	0.07	0.70	1.68	(1.23)	2.26	(3.25)	7.69
CAG	1.31	(0.07)	0.00	0.11	0.00	0.00	2.32	(2.84)	8.53
HRL	1.20	(0.07)	0.00	0.10	0.00	0.00	2.77	(2.34)	6.26
K	0.12	0.03	0.72	4.44	0.00	(0.14)	0.33	(0.27)	0.79
SJM	1.31	0.15	0.14	0.48	1.40	(1.52)	2.81	(2.43)	8.11
LW	1.72	(0.14)	0.00	(1.16)	0.00	0.00	4.35	(3.76)	10.64
MKC	1.13	0.05	0.12	(0.27)	1.39	(1.21)	2.56	(2.27)	6.80

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