Altria Correlations

MOOO34 Stock

BRL 314.41 2.92 0.92%

The current 90-days correlation between Altria Group and Eastman Chemical is -0.02 (i.e., Good 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

Weak diversification

The correlation between Altria Group and DJI is 0.32 (i.e., Weak 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

0.84	B1TI34	British American Tobacco	Pair Corr
0.9	WALM34	Walmart	Pair Corr
0.87	AMZO34	Amazon Inc	Pair Corr
0.66	ACNB34	Accenture plc	Pair Corr
0.66	UPSS34	United Parcel Service	Pair Corr
0.78	HOME34	Home Depot	Pair Corr
0.75	SBUB34	Starbucks	Pair Corr
0.64	TMCO34	Toyota Motor	Pair Corr
0.89	H1DB34	HDFC Bank Limited	Pair Corr

Moving against Altria Stock

0.46	TGTB34	Target	Pair Corr
0.44	JDCO34	JD Inc	Pair Corr

Related Correlations Analysis

	E1MN34	SSFO34	T1TW34	LBRD34	P1YC34	D1DG34	NORD3
E1MN34		0.51	0.53	-0.21	0.34	0.44	-0.6	E1MN34
SSFO34	0.51		0.96	0.39	0.89	0.92	-0.88	SSFO34
T1TW34	0.53	0.96		0.43	0.91	0.89	-0.9	T1TW34
LBRD34	-0.21	0.39	0.43		0.66	0.21	-0.3	LBRD34
P1YC34	0.34	0.89	0.91	0.66		0.77	-0.78	P1YC34
D1DG34	0.44	0.92	0.89	0.21	0.77		-0.82	D1DG34
NORD3	-0.6	-0.88	-0.9	-0.3	-0.78	-0.82		NORD3
	E1MN34	SSFO34	T1TW34	LBRD34	P1YC34	D1DG34	NORD3

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

T1TW34	+ 0.96	SSFO34
D1DG34	+ 0.92	SSFO34
P1YC34	+ 0.91	T1TW34
P1YC34	+ 0.89	SSFO34
D1DG34	+ 0.89	T1TW34
D1DG34	+ 0.77	P1YC34

High negative correlations

NORD3	- 0.9	T1TW34
NORD3	- 0.88	SSFO34
NORD3	- 0.82	D1DG34
NORD3	- 0.78	P1YC34
NORD3	- 0.6	E1MN34
NORD3	- 0.3	LBRD34

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
E1MN34	0.02	0.00	0.00	0.01	0.00	0.00	0.00	0.00	0.64
SSFO34	1.77	0.38	0.17	1.27	1.89	(2.03)	4.08	(3.88)	14.34
T1TW34	1.28	0.47	0.28	1.40	1.29	(1.45)	2.96	(2.76)	12.15
LBRD34	1.72	0.14	0.05	0.09	2.54	(1.71)	3.24	(3.75)	21.71
P1YC34	1.73	0.56	0.12	0.23	1.65	(3.28)	4.73	(2.80)	39.87
D1DG34	2.19	0.46	0.19	2.29	1.99	(2.94)	5.95	(4.18)	15.50
NORD3	2.33	(0.59)	0.00	12.21	0.00	0.00	5.60	(7.87)	18.29

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.

Did you try this?

Run Stock Tickers Now

Stock Tickers

Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites

All Next

Launch Module

Altria Corporate Management

Elected by the shareholders, the Altria's board of directors comprises two types of representatives: Altria inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Altria. The board's role is to monitor Altria's management team and ensure that shareholders' interests are well served. Altria's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Altria's outside directors are responsible for providing unbiased perspectives on the board's policies.

W Kiely	Independent Director	Profile
Ellen Strahlman	Independent Director	Profile
Todd Walker	Sr LLC	Profile
John Casteen	Independent Director	Profile
Paige Magness	VP LLC	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC