McCormick Company Correlations
| MKC-V Preferred Stock | USD 78.13 1.18 1.53% |
The current 90-days correlation between McCormick Company and Central Garden Pet is 0.23 (i.e., Modest 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
Good diversification
The correlation between McCormick Company Incorporated and DJI is -0.12 (i.e., Good 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.
McCormick |
The ability to find closely correlated positions to McCormick Company could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace McCormick Company 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 McCormick Company - 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 McCormick Company Incorporated to buy it.
Moving together with McCormick Preferred Stock
| 0.62 | NSRGF | Nestle SA | PairCorr |
| 0.7 | KHC | Kraft Heinz | PairCorr |
| 0.92 | GIS | General Mills | PairCorr |
| 0.63 | GRBMF | Grupo Bimbo SAB | PairCorr |
| 0.69 | BMBOY | Grupo Bimbo SAB | PairCorr |
Moving against McCormick Preferred Stock
| 0.84 | PBMRF | PT Bumi Resources Earnings Call This Week | PairCorr |
| 0.55 | CMWCF | Cromwell Property | PairCorr |
| 0.37 | CICHF | China Construction Bank | PairCorr |
| 0.31 | CIADY | China Mengniu Dairy | PairCorr |
| 0.8 | PRMY | Primary Bank | PairCorr |
| 0.75 | TWLO | Twilio Inc | PairCorr |
| 0.74 | SNOW | Snowflake Trending | PairCorr |
| 0.69 | ZM | Zoom Video Communications Earnings Call This Week | PairCorr |
| 0.67 | SHOP | Shopify | PairCorr |
| 0.67 | BJ | BJs Wholesale Club Buyout Trend | PairCorr |
| 0.56 | TSLA | Tesla Inc Aggressive Push | PairCorr |
| 0.52 | ACR | Acres Commercial Realty | PairCorr |
| 0.46 | CPTN | Cepton Inc | PairCorr |
| 0.44 | INTU | Intuit Inc | PairCorr |
| 0.35 | ORCL | Oracle | PairCorr |
| 0.79 | AMPX | Amprius Technologies | PairCorr |
| 0.75 | SOFI | SoFi Technologies Aggressive Push | PairCorr |
| 0.68 | AI | C3 Ai Inc Trending | PairCorr |
| 0.68 | AROW | Arrow Financial | PairCorr |
| 0.61 | EPD | Enterprise Products | PairCorr |
| 0.56 | PMMAF | Puma SE | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between McCormick Preferred 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 | 1.24 | (0.14) | 0.00 | (0.06) | 0.00 | 2.81 | 6.39 | |||
| NATR | 2.15 | 0.16 | 0.12 | 0.15 | 1.84 | 6.11 | 22.72 | |||
| SENEA | 1.13 | 0.15 | 0.08 | 0.26 | 1.49 | 2.58 | 11.87 | |||
| CENTA | 1.25 | (0.16) | 0.00 | (0.06) | 0.00 | 2.74 | 6.82 | |||
| JJSF | 0.96 | (0.16) | 0.00 | (0.06) | 0.00 | 1.91 | 9.61 | |||
| BRID | 2.46 | (0.17) | 0.00 | 2.17 | 0.00 | 4.54 | 32.90 | |||
| ASBFF | 0.12 | (0.06) | 0.00 | 0.75 | 0.00 | 0.00 | 4.12 | |||
| LANC | 1.30 | (0.22) | 0.00 | (0.12) | 0.00 | 3.43 | 12.33 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in McCormick Company 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.Did you try this?
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McCormick Company Corporate Management
| Lawrence Kurzius | Chairman CEO | Profile | |
| Robert Conrad | VP Treasurer | Profile | |
| Lori Robinson | Corp Communications | Profile | |
| Michael Smith | Ex CFO | Profile | |
| Jeffery Schwartz | Gen VP | Profile | |
| Lisa Manzone | VP Relations | Profile | |
| Malcolm Swift | Chief Solutions | Profile |