Altria Correlations

MO Stock

USD 59.30 0.15 0.25%

The current 90-days correlation between Altria Group and British American Tobacco is 0.63 (i.e., Poor 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

Good diversification

The correlation between Altria Group and DJI is -0.11 (i.e., Good 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.

Build AI portfolio with Altria Stock

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

0.7	PM	Philip Morris Intern	Pair Corr
0.91	BTI	British American Tobacco	Pair Corr
0.82	BUD	Anheuser Busch Inbev	Pair Corr
0.7	CCU	Compania Cervecerias	Pair Corr
0.78	STZ	Constellation Brands Sell-off Trend	Pair Corr
0.75	UVV	Universal	Pair Corr
0.63	OTLY	Oatly Group AB	Pair Corr
0.83	ABEV	Ambev SA ADR	Pair Corr
0.71	BJ	BJs Wholesale Club	Pair Corr
0.74	DG	Dollar General Earnings Call This Week	Pair Corr
0.74	KR	Kroger Company	Pair Corr
0.83	UL	Unilever PLC ADR	Pair Corr

Moving against Altria Stock

0.76	ISPR	Ispire Technology Common	Pair Corr
0.68	XXII	22nd Century Group	Pair Corr
0.65	KAVL	Kaival Brands Innovations	Pair Corr
0.63	BRCC	BRC Inc	Pair Corr
0.57	RLX	RLX Technology	Pair Corr
0.49	TAP	Molson Coors Brewing	Pair Corr
0.4	EL	Estee Lauder Companies	Pair Corr
0.71	DNUT	Krispy Kreme	Pair Corr
0.64	UG	United Guardian	Pair Corr
0.61	EWCZ	European Wax Center	Pair Corr
0.56	FAMI	Farmmi Inc	Pair Corr
0.51	WAFU	Wah Fu Education	Pair Corr
0.48	PG	Procter Gamble	Pair Corr
0.48	FARM	Farmer Bros	Pair Corr
0.36	EDBL	Edible Garden AG Trending	Pair Corr
0.34	JZ	Jianzhi Education	Pair Corr

Related Correlations Analysis

	BTI	UVV	IMBBY	VGR	PM	TPB	JAPAY	IMBBF
BTI		0.71	0.81	0.0	0.81	0.1	0.91	0.77	BTI
UVV	0.71		0.55	0.0	0.77	0.46	0.68	0.61	UVV
IMBBY	0.81	0.55		0.0	0.76	0.0	0.85	0.9	IMBBY
VGR	0.0	0.0	0.0		0.0	0.0	0.0	0.0	VGR
PM	0.81	0.77	0.76	0.0		0.45	0.88	0.74	PM
TPB	0.1	0.46	0.0	0.0	0.45		0.16	0.11	TPB
JAPAY	0.91	0.68	0.85	0.0	0.88	0.16		0.82	JAPAY
IMBBF	0.77	0.61	0.9	0.0	0.74	0.11	0.82		IMBBF
	BTI	UVV	IMBBY	VGR	PM	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

JAPAY	+ 0.91	BTI
IMBBF	+ 0.9	IMBBY
JAPAY	+ 0.88	PM
JAPAY	+ 0.85	IMBBY
IMBBF	+ 0.82	JAPAY
IMBBY	+ 0.81	BTI

High negative correlations

IMBBF	- 0.0	VGR
JAPAY	- 0.0	VGR
TPB	- 0.0	VGR
PM	- 0.0	VGR
TPB	- 0.0	IMBBY
VGR	- 0.0	IMBBY

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	1.09	0.24	0.21	(1.39)	1.35	(1.17)	2.20	(2.07)	9.06
UVV	1.07	0.17	0.22	(2.75)	0.96	(1.27)	2.12	(1.84)	8.78
IMBBY	1.26	0.17	0.10	0.95	2.05	(1.20)	2.39	(3.30)	11.46
VGR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PM	1.13	0.28	0.18	1.01	1.65	(1.14)	2.44	(1.92)	10.84
TPB	1.89	0.13	0.07	3.63	2.89	(1.81)	2.51	(5.80)	31.42
JAPAY	1.06	0.33	0.24	(3.78)	1.39	(1.19)	2.25	(1.61)	9.18
IMBBF	2.46	0.17	0.06	0.58	3.37	(2.54)	4.42	(5.57)	13.96

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