McCormick Company Correlations

MKC-V Stock

USD 73.23 0.09 0.12%

The current 90-days correlation between McCormick Company and Central Garden Pet is 0.34 (i.e., Weak diversification). The correlation of McCormick Company 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.

McCormick Company Correlation With Market

Average diversification

The correlation between McCormick Company Incorporated and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding McCormick Company Incorporated and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in McCormick Company Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with McCormick Stock

0.62	BGS	BG Foods	Pair Corr
0.72	CAG	ConAgra Foods	Pair Corr
0.61	CPB	Campbell Soup	Pair Corr
0.64	FLO	Flowers Foods	Pair Corr
0.79	GIS	General Mills	Pair Corr
0.7	HRL	Hormel Foods	Pair Corr
0.82	HSY	Hershey	Pair Corr
0.64	KHC	Kraft Heinz	Pair Corr
0.99	MKC	McCormick Company Earnings Call This Week	Pair Corr

Moving against McCormick Stock

0.49	K	Kellanova	Pair Corr
0.31	EDBL	Edible Garden AG	Pair Corr
0.36	FRPT	Freshpet	Pair Corr
0.41	RLX	RLX Technology	Pair Corr

Related Correlations Analysis

	CENT	SENEB	NATR	SENEA	CENTA	JJSF	BRID	ASBFF	LANC
CENT		0.08	0.79	0.76	1.0	0.2	0.47	-0.22	0.45	CENT
SENEB	0.08		-0.11	0.39	0.03	-0.55	0.5	-0.52	-0.48	SENEB
NATR	0.79	-0.11		0.56	0.8	0.26	0.18	-0.15	0.43	NATR
SENEA	0.76	0.39	0.56		0.73	-0.41	0.87	-0.62	-0.07	SENEA
CENTA	1.0	0.03	0.8	0.73		0.26	0.42	-0.16	0.49	CENTA
JJSF	0.2	-0.55	0.26	-0.41	0.26		-0.66	0.75	0.81	JJSF
BRID	0.47	0.5	0.18	0.87	0.42	-0.66		-0.71	-0.29	BRID
ASBFF	-0.22	-0.52	-0.15	-0.62	-0.16	0.75	-0.71		0.45	ASBFF
LANC	0.45	-0.48	0.43	-0.07	0.49	0.81	-0.29	0.45		LANC
	CENT	SENEB	NATR	SENEA	CENTA	JJSF	BRID	ASBFF	LANC

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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

CENTA	+ 1.0	CENT
BRID	+ 0.87	SENEA
LANC	+ 0.81	JJSF
CENTA	+ 0.8	NATR
NATR	+ 0.79	CENT
SENEA	+ 0.76	CENT

High negative correlations

ASBFF	- 0.71	BRID
BRID	- 0.66	JJSF
ASBFF	- 0.62	SENEA
JJSF	- 0.55	SENEB
ASBFF	- 0.52	SENEB
LANC	- 0.48	SENEB

Risk-Adjusted Indicators

There is a big difference between McCormick Stock performing well and McCormick Company 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 McCormick Company'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
CENT	1.39	0.07	0.03	0.51	1.71	(1.52)	2.82	(2.47)	10.96
SENEB	1.43	0.23	0.08	(0.71)	1.50	(2.46)	4.02	(2.64)	15.71
NATR	1.85	0.17	0.07	4.30	2.04	(2.09)	3.55	(4.00)	22.72
SENEA	1.49	0.21	0.10	0.53	1.77	(1.61)	3.12	(2.63)	13.63
CENTA	1.43	0.04	0.01	0.33	1.74	(1.58)	3.15	(2.51)	10.79
JJSF	1.06	(0.23)	0.00	(0.55)	0.00	0.00	2.23	(2.56)	9.60
BRID	1.57	0.23	0.11	0.88	1.72	(1.86)	4.28	(3.17)	10.57
ASBFF	0.76	(0.34)	0.00	0.75	0.00	0.00	0.00	0.00	13.36
LANC	1.42	(0.07)	0.00	(0.13)	0.00	0.00	3.28	(2.41)	8.36

McCormick Company Corporate Management

Robert Conrad	VP Treasurer	Profile
Anju Rao	Chief Officer	Profile
Malcolm Swift	Chief Solutions	Profile
Kasey Jenkins	Chief Officer	Profile
Tabata Gomez	Chief Officer	Profile
Sarah Piper	Chief Officer	Profile

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