Altria Correlations

MO Stock

USD 58.75 0.03 0.05%

The current 90-days correlation between Altria Group and British American Tobacco is 0.42 (i.e., Very weak 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 -0.06 (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 metropolitan statistical area.

Moving together with Altria Stock

0.69	PM	Philip Morris Intern	Pair Corr
0.61	UVV	Universal	Pair Corr

Moving against Altria Stock

0.8	IHRT	iHeartMedia Class	Pair Corr
0.76	MKSI	MKS Instruments	Pair Corr
0.75	LNDNF	Lundin Energy AB	Pair Corr
0.73	MGIC	Magic Software Enter	Pair Corr
0.72	ANSC	Agriculture Natural	Pair Corr
0.72	TOELY	Tokyo Electron	Pair Corr
0.69	RTX	Raytheon Technologies	Pair Corr
0.68	MRAAF	Murata Manufacturing Tech Boost	Pair Corr
0.6	BTI	British American Tobacco	Pair Corr
0.57	DSFGY	Dah Sing Financial	Pair Corr
0.52	IMKTA	Ingles Markets	Pair Corr
0.49	EE	Excelerate Energy	Pair Corr
0.4	TPB	Turning Point Brands	Pair Corr
0.35	HSPO	Horizon Space Acquisition	Pair Corr
0.33	SEOJF	Stora Enso Oyj	Pair Corr
0.32	PUBGY	Publicis Groupe SA	Pair Corr
0.87	NRT	North European Oil	Pair Corr
0.84	CLPHY	CLP Holdings	Pair Corr
0.84	BLTE	Belite Bio ADR	Pair Corr
0.81	IMXI	International Money	Pair Corr
0.77	SSEZY	SSE PLC ADR	Pair Corr
0.76	EGHA	EGH Acquisition Corp	Pair Corr
0.75	VKTX	Viking Therapeutics	Pair Corr
0.7	CYTK	Cytokinetics	Pair Corr
0.65	CGEM	Cullinan Oncology LLC	Pair Corr
0.64	OEZVY	Verbund AG ADR	Pair Corr
0.61	ELKEF	Elkem ASA	Pair Corr

Related Correlations Analysis

	BTI	UVV	MDLZ	BUD	CL	TGT	MNST	XXII	TPB	DEO
BTI		-0.03	-0.7	0.36	0.29	0.26	0.62	-0.61	0.73	-0.37	BTI
UVV	-0.03		0.55	-0.4	0.59	-0.29	-0.39	0.45	0.29	0.3	UVV
MDLZ	-0.7	0.55		-0.67	0.31	-0.37	-0.71	0.84	-0.42	0.62	MDLZ
BUD	0.36	-0.4	-0.67		-0.23	0.46	0.63	-0.69	0.14	-0.16	BUD
CL	0.29	0.59	0.31	-0.23		-0.28	-0.16	0.14	0.42	0.46	CL
TGT	0.26	-0.29	-0.37	0.46	-0.28		0.35	-0.14	-0.06	-0.07	TGT
MNST	0.62	-0.39	-0.71	0.63	-0.16	0.35		-0.85	0.15	-0.46	MNST
XXII	-0.61	0.45	0.84	-0.69	0.14	-0.14	-0.85		-0.33	0.53	XXII
TPB	0.73	0.29	-0.42	0.14	0.42	-0.06	0.15	-0.33		-0.26	TPB
DEO	-0.37	0.3	0.62	-0.16	0.46	-0.07	-0.46	0.53	-0.26		DEO
	BTI	UVV	MDLZ	BUD	CL	TGT	MNST	XXII	TPB	DEO

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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

XXII	+ 0.84	MDLZ
TPB	+ 0.73	BTI
MNST	+ 0.63	BUD
MNST	+ 0.62	BTI
DEO	+ 0.62	MDLZ
CL	+ 0.59	UVV

High negative correlations

XXII	- 0.85	MNST
MNST	- 0.71	MDLZ
MDLZ	- 0.7	BTI
XXII	- 0.69	BUD
BUD	- 0.67	MDLZ
XXII	- 0.61	BTI

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	0.97	(0.01)	(0.05)	0.04	1.10	(1.02)	2.03	(1.77)	5.21
UVV	0.95	(0.04)	0.00	(1.61)	0.00	0.00	1.67	(2.06)	8.18
MDLZ	0.98	(0.22)	0.00	(0.54)	0.00	0.00	1.57	(2.27)	5.70
BUD	0.88	0.09	0.05	0.28	0.84	(0.99)	2.13	(1.55)	4.71
CL	1.03	(0.10)	0.00	1.68	0.00	0.00	2.01	(2.16)	5.14
TGT	1.40	0.02	0.03	0.08	1.69	(1.36)	3.13	(3.03)	8.22
MNST	1.05	0.25	0.10	(0.59)	1.29	(1.11)	2.48	(2.30)	7.15
XXII	4.94	(0.68)	0.00	(0.28)	0.00	0.00	6.62	(10.38)	52.34
TPB	1.57	0.09	0.01	(1.36)	2.43	(1.53)	3.33	(3.97)	10.75
DEO	1.27	(0.24)	0.00	(0.23)	0.00	0.00	3.62	(2.78)	10.69

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