British American Correlations

BTAFF Stock

USD 37.06 1.19 3.32%

The current 90-days correlation between British American Tobacco and Imperial Brands PLC is 0.06 (i.e., Significant diversification). The correlation of British American 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.

British American Correlation With Market

Average diversification

The correlation between British American Tobacco and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding British American Tobacco and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to British American could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace British American 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 British American - 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 British American Tobacco to buy it.

Moving together with British Pink Sheet

0.85

BTI

British American Tobacco Sell-off Trend

Pair Corr

Moving against British Pink Sheet

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0.5	LLYVK	Liberty Media	Pair Corr
0.45	ALAB	Astera Labs, Common	Pair Corr
0.43	MRVL	Marvell Technology Earnings Call This Week	Pair Corr
0.42	CRWD	Crowdstrike Holdings Earnings Call Today	Pair Corr
0.39	SCHW	Charles Schwab Corp Fiscal Year End 15th of January 2025	Pair Corr
0.38	ZM	Zoom Video Communications	Pair Corr
0.37	GM	General Motors Aggressive Push	Pair Corr
0.36	GVA	Granite Construction	Pair Corr
0.36	KSCP	Knightscope	Pair Corr
0.34	ITRI	Itron Inc	Pair Corr
0.32	DECK	Deckers Outdoor	Pair Corr

Related Correlations Analysis

	IMBBY	RLX	BTI	TPB	UVV	JAPAF	XXII	PM
IMBBY		-0.19	-0.09	0.8	0.35	-0.47	-0.68	0.67	IMBBY
RLX	-0.19		0.18	0.02	0.21	0.16	0.18	-0.31	RLX
BTI	-0.09	0.18		-0.19	0.27	0.46	0.53	-0.15	BTI
TPB	0.8	0.02	-0.19		0.62	-0.53	-0.66	0.62	TPB
UVV	0.35	0.21	0.27	0.62		-0.13	0.02	0.19	UVV
JAPAF	-0.47	0.16	0.46	-0.53	-0.13		0.45	-0.73	JAPAF
XXII	-0.68	0.18	0.53	-0.66	0.02	0.45		-0.51	XXII
PM	0.67	-0.31	-0.15	0.62	0.19	-0.73	-0.51		PM
	IMBBY	RLX	BTI	TPB	UVV	JAPAF	XXII	PM

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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

TPB	+ 0.8	IMBBY
PM	+ 0.67	IMBBY
UVV	+ 0.62	TPB
PM	+ 0.62	TPB
XXII	+ 0.53	BTI
JAPAF	+ 0.46	BTI

High negative correlations

PM	- 0.73	JAPAF
XXII	- 0.68	IMBBY
XXII	- 0.66	TPB
JAPAF	- 0.53	TPB
PM	- 0.51	XXII
JAPAF	- 0.47	IMBBY

Risk-Adjusted Indicators

There is a big difference between British Pink Sheet performing well and British American 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 British American'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
IMBBY	0.85	0.16	0.07	0.76	0.76	(1.04)	2.36	(1.43)	7.84
RLX	2.46	0.09	(0.01)	(0.43)	3.27	(2.78)	6.25	(6.67)	18.88
BTI	0.74	0.06	(0.04)	0.54	1.05	(0.74)	1.28	(1.32)	4.63
TPB	1.55	0.63	0.47	1.10	0.60	(1.98)	4.76	(1.47)	10.20
UVV	1.07	0.04	0.02	0.17	0.99	(1.33)	2.49	(1.41)	5.89
JAPAF	1.40	0.00	(0.01)	0.12	2.08	(6.68)	5.88	(4.59)	16.65
XXII	6.77	(2.30)	0.00	(2.62)	0.00	0.00	11.54	(15.38)	44.68
PM	1.00	0.19	0.01	(0.33)	1.28	(1.04)	1.99	(1.84)	15.67

Be your own money manager

Our tools can tell you how much better you can do entering a position in British American 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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