Altria Correlations

MO Stock

ARS 25,600 40.00 0.16%

The current 90-days correlation between Altria Group and Chevron Corp CEDEAR is 0.23 (i.e., Modest diversification). The correlation of Altria 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.

Altria Correlation With Market

Poor diversification

The correlation between Altria Group and DJI is 0.61 (i.e., Poor 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.

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

Moving together with Altria Stock

0.93	EDSH	Edesa Holding SA	Pair Corr
0.63	TV	Grupo Televisa SAB	Pair Corr
0.81	PG	Procter Gamble DRC	Pair Corr
0.64	ADGO	Adecoagro SA	Pair Corr
0.77	GFI	Gold Fields	Pair Corr
0.71	VZ	Verizon Communications	Pair Corr
0.82	RIO	Rio Tinto PLC	Pair Corr
0.88	LMT	Lockheed Martin Corp	Pair Corr
0.76	WMT	Walmart	Pair Corr
0.85	BHP	BHP Group Limited	Pair Corr
0.71	VISTD	Vista Energy SAB	Pair Corr
0.9	ABEV	Ambev SA	Pair Corr
0.79	MRK	Merck Company	Pair Corr
0.73	BBD	Banco Bradesco DRC	Pair Corr
0.87	CVX	Chevron Corp CEDEAR	Pair Corr

Moving against Altria Stock

0.64	JPM	JPMorgan Chase	Pair Corr
0.53	CVH	Cablevision Holding	Pair Corr
0.44	GGAL	Grupo Financiero Galicia Earnings Call This Week	Pair Corr
0.43	SUPV	Grupo Supervielle Earnings Call This Week	Pair Corr
0.61	AAPL	Apple Inc DRC	Pair Corr
0.52	HAVA	Havanna Holding SA	Pair Corr

Related Correlations Analysis

	CVX	LMT	BSBR	VZ	PFE	RIO	WMT	GOOGL	AKO-B
CVX		0.96	0.65	0.67	0.58	0.92	0.82	0.0	0.76	CVX
LMT	0.96		0.6	0.6	0.5	0.95	0.79	0.0	0.79	LMT
BSBR	0.65	0.6		0.4	0.4	0.59	0.46	0.28	0.62	BSBR
VZ	0.67	0.6	0.4		0.57	0.59	0.66	-0.56	0.29	VZ
PFE	0.58	0.5	0.4	0.57		0.5	0.71	-0.14	0.47	PFE
RIO	0.92	0.95	0.59	0.59	0.5		0.78	-0.02	0.75	RIO
WMT	0.82	0.79	0.46	0.66	0.71	0.78		-0.08	0.68	WMT
GOOGL	0.0	0.0	0.28	-0.56	-0.14	-0.02	-0.08		0.33	GOOGL
AKO-B	0.76	0.79	0.62	0.29	0.47	0.75	0.68	0.33		AKO-B
	CVX	LMT	BSBR	VZ	PFE	RIO	WMT	GOOGL	AKO-B

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

LMT	+ 0.96	CVX
RIO	+ 0.95	LMT
RIO	+ 0.92	CVX
WMT	+ 0.82	CVX
WMT	+ 0.79	LMT
AKO-B	+ 0.79	LMT

High negative correlations

GOOGL	- 0.56	VZ
GOOGL	- 0.14	PFE
GOOGL	- 0.08	WMT
GOOGL	- 0.02	RIO
GOOGL	- 0.0	LMT
GOOGL	- 0.0	CVX

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
CVX	1.05	0.29	0.11	(88.12)	1.11	(1.23)	2.48	(2.05)	10.54
LMT	1.38	0.45	0.19	1.40	1.45	(1.60)	3.06	(2.46)	9.72
BSBR	2.03	0.16	0.00	(0.33)	2.70	(2.04)	4.15	(4.09)	12.86
VZ	1.24	0.21	0.07	1.27	1.32	(1.44)	2.11	(2.69)	13.39
PFE	1.13	0.10	(0.01)	(1.43)	1.52	(1.14)	2.30	(2.78)	7.87
RIO	1.60	0.54	0.18	(2.72)	1.70	(1.81)	3.59	(3.10)	10.65
WMT	1.19	0.22	0.06	4.83	1.61	(1.32)	2.81	(2.13)	10.42
GOOGL	1.04	(0.01)	(0.07)	0.07	1.19	(1.26)	1.80	(1.99)	11.42
AKO-B	1.98	0.15	0.02	2.40	2.21	(2.33)	5.36	(3.84)	18.90

Be your own money manager

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