Constellation Brands Correlations

Stocks . Germany . 
Stock . Constellation Brands
CB1A Stock  EUR 144.45  2.65  1.80%   
The current 90-days correlation between Constellation Brands and Coor Service Management is 0.2 (i.e., Modest 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.

Constellation Brands Correlation With Market

Good diversification

The correlation between Constellation Brands and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Constellation Brands and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Constellation Brands could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Constellation Brands 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 Constellation Brands - 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 Constellation Brands to buy it.

Moving together with Constellation Stock

  0.9GUIA Diageo plcPairCorr
  0.77PER Pernod Ricard SAPairCorr
  0.94BF5B Brown FormanPairCorr
  0.68T6W Thai Beverage PublicPairCorr
  0.86T7W Treasury Wine EstatesPairCorr
  0.67ALV Allianz SEPairCorr

Moving against Constellation Stock

  0.73SSU Samsung ElectronicsPairCorr
  0.72SSU Samsung ElectronicsPairCorr
  0.72SSUN Samsung Electronics Earnings Call This WeekPairCorr
  0.72SSUN Samsung Electronics Earnings Call This WeekPairCorr
  0.481W3 WSP GlobalPairCorr
  0.83F1YN Lundin GoldPairCorr
  0.75JOT ELEKTROBITPairCorr
  0.7FA2 FORWARD AIR PPairCorr
  0.55GGS Gigaset AGPairCorr
  0.54AG8 AGILENT TECHPairCorr
  0.52WOF Wolford AktiengesellschaPairCorr
  0.49KOM1 Komatsu Earnings Call This WeekPairCorr
  0.47HEI Heidelberg MaterialsPairCorr
  0.42KGHA KGHM Polska MiedzPairCorr
  0.42E908 Lyxor 1PairCorr
  0.37SEBC Skandinaviska EnskildaPairCorr
  0.33DBPE Xtrackers LevDAXPairCorr

Related Correlations Analysis

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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   
7FZ
+ 0.77
COE
TG9
+ 0.75
AVLA
54M
+ 0.74
AVLA
TG9
+ 0.7
54M
TG9
+ 0.66
COE
54M
+ 0.63
COE
  
High negative correlations   
COE
- 0.64
BKHT
4GF
- 0.46
BKHT
AVLA
- 0.44
BKHT
54M
- 0.41
BKHT
TG9
- 0.39
BKHT
7FZ
- 0.3
BKHT

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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Constellation Brands 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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Constellation Brands Corporate Management

Elected by the shareholders, the Constellation Brands' board of directors comprises two types of representatives: Constellation Brands inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Constellation. The board's role is to monitor Constellation Brands' management team and ensure that shareholders' interests are well served. Constellation Brands' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Constellation Brands' outside directors are responsible for providing unbiased perspectives on the board's policies.
Garth HankinsonEx CFOProfile
Ash MehraChief OfficerProfile
James BourdeauChief VPProfile
Andrew ZrikeVP MarketingProfile
William NewlandsCEO PresProfile
Joseph SuarezVP RelationsProfile
Steve KingVP DevelProfile
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