Altria Correlations

PHM7 Stock

EUR 49.90 0.18 0.36%

The current 90-days correlation between Altria Group and Performance Food Group is -0.12 (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

Good diversification

The correlation between Altria Group and DJI is -0.01 (i.e., Good 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

0.61	JAT	Japan Tobacco	Pair Corr
0.65	JATA	JAPAN TOBACCO UNSPADR12	Pair Corr

Moving against Altria Stock

0.58	JOT	ELEKTROBIT	Pair Corr
0.43	2C6	China Development Bank	Pair Corr
0.36	C8U	Chalice Mining	Pair Corr
0.48	DSG	DICKS Sporting Goods	Pair Corr

Related Correlations Analysis

	P5F	39M	AZU	8SF	BW8	XSFA	NU42	6GC
P5F		0.69	0.45	0.49	0.48	0.62	0.22	-0.35	P5F
39M	0.69		0.62	0.72	0.81	0.66	0.4	-0.44	39M
AZU	0.45	0.62		0.88	0.58	0.61	0.65	-0.64	AZU
8SF	0.49	0.72	0.88		0.61	0.63	0.63	-0.66	8SF
BW8	0.48	0.81	0.58	0.61		0.47	0.35	-0.3	BW8
XSFA	0.62	0.66	0.61	0.63	0.47		0.47	-0.58	XSFA
NU42	0.22	0.4	0.65	0.63	0.35	0.47		-0.82	NU42
6GC	-0.35	-0.44	-0.64	-0.66	-0.3	-0.58	-0.82		6GC
	P5F	39M	AZU	8SF	BW8	XSFA	NU42	6GC

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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

8SF	+ 0.88	AZU
BW8	+ 0.81	39M
8SF	+ 0.72	39M
39M	+ 0.69	P5F
XSFA	+ 0.66	39M
NU42	+ 0.65	AZU

High negative correlations

6GC	- 0.82	NU42
6GC	- 0.66	8SF
6GC	- 0.64	AZU
6GC	- 0.58	XSFA
6GC	- 0.44	39M
6GC	- 0.35	P5F

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
P5F	1.37	0.38	0.14	(3.48)	1.24	(1.79)	3.57	(2.68)	8.59
39M	1.10	0.13	0.01	1.41	1.08	(1.41)	2.60	(2.02)	6.04
AZU	0.69	0.04	(0.06)	0.32	0.80	(0.70)	1.47	(1.20)	3.51
8SF	1.29	0.37	0.17	3.45	0.98	(1.49)	4.15	(2.35)	10.66
BW8	1.78	0.15	0.02	0.76	2.11	(2.29)	3.77	(2.94)	14.82
XSFA	1.55	0.34	0.10	(0.92)	1.45	(1.96)	3.97	(2.52)	11.96
NU42	2.68	0.14	0.02	0.36	3.53	(2.99)	7.45	(4.37)	18.53
6GC	1.99	(0.12)	0.00	1.21	0.00	0.00	4.46	(3.79)	16.20

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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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.

Salvatore Mancuso	Ex CFO	Profile
Todd Walker	Sr LLC	Profile
William Gifford	CEO Director	Profile
Heather Newman	VP Officer	Profile
Paige Magness	VP LLC	Profile
Jody Begley	Ex COO	Profile
Charles Whitaker	Chief VP	Profile

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