Diageo PLC Correlations

DEO Stock

USD 101.90 1.65 1.59%

The current 90-days correlation between Diageo PLC ADR and Constellation Brands Class is 0.68 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Diageo PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Diageo PLC ADR moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Diageo PLC Correlation With Market

Very weak diversification

The correlation between Diageo PLC ADR and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Diageo PLC ADR and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Diageo Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Diageo PLC ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Diageo Stock

0.67	WVVI	Willamette Valley	Pair Corr
0.65	IBG	Innovation Beverage Buyout Trend	Pair Corr
0.64	SBEV	Splash Beverage Group	Pair Corr
0.81	K	Kellanova	Pair Corr
0.62	GO	Grocery Outlet Holding	Pair Corr

Moving against Diageo Stock

0.72	DG	Dollar General	Pair Corr
0.64	EL	Estee Lauder Companies Earnings Call This Week	Pair Corr
0.43	PM	Philip Morris Intern Earnings Call This Week	Pair Corr
0.64	WILC	G Willi Food	Pair Corr
0.63	DTCK	Davis Commodities	Pair Corr
0.59	FEDU	Four Seasons Education Trending	Pair Corr
0.57	DLTR	Dollar Tree	Pair Corr
0.52	EWCZ	European Wax Center	Pair Corr
0.39	FAMI	Farmmi Inc	Pair Corr
0.33	YQ	17 Education Technology	Pair Corr
0.31	IMKTA	Ingles Markets	Pair Corr

Related Correlations Analysis

	STZ	BF-B	MGPI	BF-A	UL	BUD	NSRGY	CL
STZ		0.96	0.22	0.96	0.23	-0.5	0.54	0.41	STZ
BF-B	0.96		0.14	1.0	0.19	-0.53	0.52	0.38	BF-B
MGPI	0.22	0.14		0.16	-0.06	0.27	0.03	-0.28	MGPI
BF-A	0.96	1.0	0.16		0.2	-0.52	0.52	0.38	BF-A
UL	0.23	0.19	-0.06	0.2		0.45	0.84	0.49	UL
BUD	-0.5	-0.53	0.27	-0.52	0.45		0.22	-0.22	BUD
NSRGY	0.54	0.52	0.03	0.52	0.84	0.22		0.37	NSRGY
CL	0.41	0.38	-0.28	0.38	0.49	-0.22	0.37		CL
	STZ	BF-B	MGPI	BF-A	UL	BUD	NSRGY	CL

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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

BF-A	+ 1.0	BF-B
BF-B	+ 0.96	STZ
BF-A	+ 0.96	STZ
NSRGY	+ 0.84	UL
NSRGY	+ 0.54	STZ
NSRGY	+ 0.52	BF-B

High negative correlations

BUD	- 0.53	BF-B
BUD	- 0.52	BF-A
BUD	- 0.5	STZ
CL	- 0.28	MGPI
CL	- 0.22	BUD
UL	- 0.06	MGPI

Risk-Adjusted Indicators

There is a big difference between Diageo Stock performing well and Diageo PLC 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 Diageo PLC'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
STZ	1.20	(0.21)	0.00	(0.07)	0.00	0.00	2.30	(2.90)	11.14
BF-B	1.63	(0.35)	0.00	(0.12)	0.00	0.00	3.12	(2.72)	26.38
MGPI	1.87	(0.01)	(0.02)	0.24	2.36	(1.93)	4.35	(3.70)	16.82
BF-A	1.56	(0.34)	0.00	(0.11)	0.00	0.00	2.62	(2.80)	24.89
UL	0.83	0.03	(0.17)	0.39	0.89	(0.98)	2.05	(1.68)	5.72
BUD	0.93	0.16	(0.01)	0.73	0.70	(1.08)	2.29	(1.47)	6.90
NSRGY	0.95	0.00	(0.16)	0.24	1.32	(0.88)	2.61	(1.95)	6.41
CL	0.98	(0.04)	(0.21)	0.05	1.14	(1.13)	2.35	(1.64)	5.86

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