ALTRIA Correlations

02209SBL6

78.99 5.16 6.13%

The current 90-days correlation between ALTRIA GROUP INC and RBC Bearings Incorporated is -0.01 (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

Average diversification

The correlation between ALTRIA GROUP INC and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ALTRIA GROUP INC 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 INC to buy it.

Moving together with ALTRIA Bond

0.67	KO	Coca Cola Aggressive Push	Pair Corr
0.68	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Moving against ALTRIA Bond

0.74	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.71	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.71	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.68	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.58	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.54	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.49	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.42	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr

Related Correlations Analysis

	RBC	PLNT	WEYS	SONO	PLTK	CNLFF	JBGS	ASO
RBC		0.93	0.76	0.66	0.86	0.28	-0.56	-0.55	RBC
PLNT	0.93		0.72	0.62	0.84	0.32	-0.68	-0.66	PLNT
WEYS	0.76	0.72		0.79	0.82	0.48	-0.48	-0.55	WEYS
SONO	0.66	0.62	0.79		0.82	0.52	-0.36	-0.51	SONO
PLTK	0.86	0.84	0.82	0.82		0.48	-0.62	-0.56	PLTK
CNLFF	0.28	0.32	0.48	0.52	0.48		-0.31	-0.6	CNLFF
JBGS	-0.56	-0.68	-0.48	-0.36	-0.62	-0.31		0.77	JBGS
ASO	-0.55	-0.66	-0.55	-0.51	-0.56	-0.6	0.77		ASO
	RBC	PLNT	WEYS	SONO	PLTK	CNLFF	JBGS	ASO

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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

PLNT	+ 0.93	RBC
PLTK	+ 0.86	RBC
PLTK	+ 0.84	PLNT
PLTK	+ 0.82	WEYS
PLTK	+ 0.82	SONO
SONO	+ 0.79	WEYS

High negative correlations

JBGS	- 0.68	PLNT
ASO	- 0.66	PLNT
JBGS	- 0.62	PLTK
ASO	- 0.6	CNLFF
ASO	- 0.56	PLTK
JBGS	- 0.56	RBC

Risk-Adjusted Indicators

There is a big difference between ALTRIA Bond performing well and ALTRIA Corporate Bond 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
RBC	1.05	0.01	0.06	0.13	0.99	(1.19)	2.12	(1.98)	11.43
PLNT	1.33	0.22	0.13	0.43	1.18	(1.51)	3.44	(2.60)	12.22
WEYS	1.81	(0.19)	(0.01)	0.05	2.21	(2.05)	2.82	(3.22)	25.17
SONO	2.05	0.07	0.04	0.19	2.41	(2.16)	4.04	(3.91)	11.24
PLTK	1.18	0.07	0.03	0.21	1.24	(1.32)	2.33	(2.19)	7.19
CNLFF	0.05	0.02	0.00	4.66	0.00	0.00	0.00	0.00	1.03
JBGS	1.15	(0.14)	0.00	(0.02)	0.00	0.00	2.58	(2.38)	9.14
ASO	1.72	(0.20)	0.00	(0.34)	0.00	0.00	4.04	(3.25)	9.63

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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