Constellation Brands Correlations

STZ Stock

USD 163.61 0.72 0.44%

The current 90-days correlation between Constellation Brands and Dollar General is 0.31 (i.e., Weak diversification). The correlation of Constellation Brands 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.

Constellation Brands Correlation With Market

Very poor diversification

The correlation between Constellation Brands Class and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Constellation Brands Class and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Constellation Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Constellation Brands Class. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Constellation Stock

0.69	ANJ	ANDREW PELLER LTD Earnings Call Today	Pair Corr
0.64	ADW-A	Andrew Peller Limited Earnings Call Today	Pair Corr
0.66	ADW-B	Andrew Peller Limited Earnings Call Today	Pair Corr
0.85	28Q	Altia Oyj Earnings Call Tomorrow	Pair Corr
0.77	3RW	VIRGIN WINES UK	Pair Corr

Moving against Constellation Stock

0.78	BEZ	Berentzen Gruppe	Pair Corr
0.73	IBG	Innovation Beverage	Pair Corr
0.72	UM9	AS Latvijas balzams	Pair Corr
0.7	SWA	Schloss Wachenheim Earnings Call This Week	Pair Corr
0.51	MBWS	Marie Brizard Wine	Pair Corr
0.51	BED	Marie Brizard Wine	Pair Corr
0.5	1W7	AMBRA SA A	Pair Corr
0.48	TWE	Treasury Wine Estates Earnings Call This Week	Pair Corr
0.35	PER	Pernod Ricard SA	Pair Corr
0.83	AVG	Australian Vintage	Pair Corr
0.76	ALLAN	Lanson BCC SA	Pair Corr
0.75	GQ6	LANSON BCC INH	Pair Corr
0.56	6BE	BECLE SAB DE	Pair Corr
0.47	LPE	Laurent Perrier	Pair Corr
0.36	PER	Pernod Ricard SA	Pair Corr
0.33	LPE	Laurent Perrier SA	Pair Corr

Related Correlations Analysis

	DG	DLTR	CHD	BF-B	GIS	TSN	FMX	BG	KOF
DG		0.89	0.58	-0.12	-0.3	0.81	0.88	0.51	0.86	DG
DLTR	0.89		0.27	-0.05	-0.41	0.55	0.66	0.2	0.59	DLTR
CHD	0.58	0.27		-0.01	0.15	0.79	0.73	0.91	0.86	CHD
BF-B	-0.12	-0.05	-0.01		0.44	0.11	0.08	0.0	-0.12	BF-B
GIS	-0.3	-0.41	0.15	0.44		0.0	-0.12	-0.03	-0.12	GIS
TSN	0.81	0.55	0.79	0.11	0.0		0.91	0.77	0.9	TSN
FMX	0.88	0.66	0.73	0.08	-0.12	0.91		0.7	0.92	FMX
BG	0.51	0.2	0.91	0.0	-0.03	0.77	0.7		0.81	BG
KOF	0.86	0.59	0.86	-0.12	-0.12	0.9	0.92	0.81		KOF
	DG	DLTR	CHD	BF-B	GIS	TSN	FMX	BG	KOF

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

KOF	+ 0.92	FMX
BG	+ 0.91	CHD
FMX	+ 0.91	TSN
KOF	+ 0.9	TSN
DLTR	+ 0.89	DG
FMX	+ 0.88	DG

High negative correlations

GIS	- 0.41	DLTR
GIS	- 0.3	DG
KOF	- 0.12	GIS
FMX	- 0.12	GIS
KOF	- 0.12	BF-B
BF-B	- 0.12	DG

Risk-Adjusted Indicators

There is a big difference between Constellation Stock performing well and Constellation Brands 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 Constellation Brands' 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
DG	1.76	0.53	0.24	0.60	1.56	(1.95)	4.59	(2.91)	20.14
DLTR	1.93	0.17	0.10	0.20	1.81	(2.22)	4.05	(2.85)	10.30
CHD	1.00	0.18	0.09	1.15	1.05	(1.08)	2.33	(1.92)	5.17
BF-B	1.59	0.09	0.02	0.27	1.84	(1.68)	3.16	(2.87)	8.35
GIS	1.12	0.10	(0.01)	(0.30)	1.29	(1.20)	3.05	(2.43)	6.34
TSN	1.22	0.34	0.20	1.37	0.98	(1.35)	3.17	(1.75)	8.77
FMX	1.13	0.23	0.14	0.53	1.01	(1.22)	2.78	(1.88)	7.81
BG	1.20	0.32	0.20	2.17	0.90	(1.48)	3.20	(1.84)	8.12
KOF	1.16	0.40	0.26	1.71	0.95	(1.43)	2.79	(1.88)	6.00

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