General Mills Correlations

GIS Stock

USD 59.63 0.47 0.79%

The current 90-days correlation between General Mills and Campbell Soup is 0.71 (i.e., 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

Average diversification

The correlation between General Mills and DJI is 0.18 (i.e., Average 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

0.66	BG	Bunge Limited	Pair Corr
0.81	DOLE	Dole PLC	Pair Corr
0.82	ADM	Archer Daniels Midland	Pair Corr
0.73	BGS	BG Foods	Pair Corr
0.88	BUD	Anheuser Busch Inbev	Pair Corr
0.93	CAG	ConAgra Foods	Pair Corr
0.92	CPB	Campbell Soup	Pair Corr
0.65	DDC	DDC Enterprise	Pair Corr
0.84	FLO	Flowers Foods	Pair Corr
0.82	FMX	Fomento Economico	Pair Corr
0.85	HSY	Hershey	Pair Corr
0.94	KHC	Kraft Heinz	Pair Corr
0.66	LND	Brasilagro Adr	Pair Corr
0.79	MKC	McCormick Company Earnings Call This Week	Pair Corr
0.76	RGF	Real Good Food	Pair Corr

Moving against General Stock

0.67	K	Kellanova	Pair Corr
0.5	BTI	British American Tobacco	Pair Corr
0.44	FRPT	Freshpet	Pair Corr
0.42	FDP	Fresh Del Monte	Pair Corr
0.38	TR	Tootsie Roll Industries	Pair Corr
0.37	EDBL	Edible Garden AG	Pair Corr
0.32	MO	Altria Group	Pair Corr
0.72	RLX	RLX Technology	Pair Corr
0.62	TPB	Turning Point Brands	Pair Corr
0.32	JVA	Coffee Holding Potential Growth	Pair Corr
0.32	LSF	Laird Superfood Downward Rally	Pair Corr

Related Correlations Analysis

	CPB	KHC	CAG	HRL	K	SJM	LW	MKC
CPB		0.92	0.86	0.07	-0.75	0.82	0.66	0.61	CPB
KHC	0.92		0.94	0.1	-0.63	0.74	0.49	0.63	KHC
CAG	0.86	0.94		0.24	-0.58	0.74	0.5	0.7	CAG
HRL	0.07	0.1	0.24		0.09	0.5	0.2	0.68	HRL
K	-0.75	-0.63	-0.58	0.09		-0.53	-0.69	-0.48	K
SJM	0.82	0.74	0.74	0.5	-0.53		0.63	0.78	SJM
LW	0.66	0.49	0.5	0.2	-0.69	0.63		0.47	LW
MKC	0.61	0.63	0.7	0.68	-0.48	0.78	0.47		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

CAG	+ 0.94	KHC
KHC	+ 0.92	CPB
CAG	+ 0.86	CPB
SJM	+ 0.82	CPB
MKC	+ 0.78	SJM
SJM	+ 0.74	KHC

High negative correlations

K	- 0.75	CPB
LW	- 0.69	K
K	- 0.63	KHC
K	- 0.58	CAG
SJM	- 0.53	K
MKC	- 0.48	K

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	1.09	(0.28)	0.00	(0.89)	0.00	0.00	1.47	(2.97)	8.10
KHC	0.91	(0.28)	0.00	(0.90)	0.00	0.00	1.40	(2.27)	6.83
CAG	0.89	(0.18)	0.00	(0.75)	0.00	0.00	1.83	(2.48)	5.17
HRL	0.95	(0.03)	0.00	(0.17)	0.00	0.00	1.98	(2.03)	5.93
K	0.17	0.02	0.11	0.38	0.08	(0.18)	0.36	(0.35)	0.86
SJM	1.15	(0.18)	0.00	(0.56)	0.00	0.00	2.01	(2.40)	9.99
LW	1.76	(0.23)	0.00	0.45	0.00	0.00	2.92	(3.78)	30.27
MKC	0.93	(0.12)	0.00	(0.53)	0.00	0.00	2.42	(2.27)	7.38

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