Constellation Brands Correlations

STZ Stock

USD 172.19 0.07 0.04%

The current 90-days correlation between Constellation Brands and Diageo PLC ADR is 0.68 (i.e., Poor 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 weak diversification

The correlation between Constellation Brands Class and DJI is 0.55 (i.e., Very weak 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 estimate.

Moving together with Constellation Stock

0.79	K	Kellanova	Pair Corr
0.86	CCU	Compania Cervecerias	Pair Corr
0.84	IMG	CIMG Inc Symbol Change	Pair Corr
0.91	SAM	Boston Beer	Pair Corr
0.79	TAP	Molson Coors Brewing	Pair Corr
0.61	TWG	Top Wealth Group	Pair Corr
0.79	XXII	22nd Century Group	Pair Corr
0.75	BRCC	BRC Inc	Pair Corr
0.61	BJ	BJs Wholesale Club	Pair Corr

Moving against Constellation Stock

0.76	JVA	Coffee Holding	Pair Corr
0.75	BTI	British American Tobacco	Pair Corr
0.73	RLX	RLX Technology	Pair Corr
0.72	OTLY	Oatly Group AB	Pair Corr
0.67	LWAY	Lifeway Foods	Pair Corr
0.56	PM	Philip Morris Intern Earnings Call This Week	Pair Corr
0.52	RKDA	Arcadia Biosciences	Pair Corr
0.45	BUD	Anheuser Busch Inbev	Pair Corr
0.43	SFD	Smithfield Foods, Common	Pair Corr
0.41	TPB	Turning Point Brands	Pair Corr
0.35	MO	Altria Group	Pair Corr
0.32	UVV	Universal	Pair Corr
0.8	DG	Dollar General	Pair Corr
0.7	DTCK	Davis Commodities	Pair Corr
0.66	EL	Estee Lauder Companies Earnings Call This Week	Pair Corr
0.64	DLTR	Dollar Tree	Pair Corr
0.64	WILC	G Willi Food	Pair Corr
0.52	YQ	17 Education Technology	Pair Corr
0.48	FAMI	Farmmi Inc	Pair Corr
0.43	TR	Tootsie Roll Industries	Pair Corr
0.36	RMCF	Rocky Mountain Chocolate	Pair Corr

Related Correlations Analysis

	DEO	BF-B	MGPI	TAP	EL	ULTA	CGC
DEO		0.87	0.2	0.65	-0.57	-0.51	0.36	DEO
BF-B	0.87		0.18	0.71	-0.62	-0.65	0.22	BF-B
MGPI	0.2	0.18		-0.15	0.25	0.09	0.09	MGPI
TAP	0.65	0.71	-0.15		-0.89	-0.91	-0.16	TAP
EL	-0.57	-0.62	0.25	-0.89		0.88	0.06	EL
ULTA	-0.51	-0.65	0.09	-0.91	0.88		0.22	ULTA
CGC	0.36	0.22	0.09	-0.16	0.06	0.22		CGC
	DEO	BF-B	MGPI	TAP	EL	ULTA	CGC

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

ULTA	+ 0.88	EL
BF-B	+ 0.87	DEO
TAP	+ 0.71	BF-B
TAP	+ 0.65	DEO
CGC	+ 0.36	DEO
EL	+ 0.25	MGPI

High negative correlations

ULTA	- 0.91	TAP
EL	- 0.89	TAP
ULTA	- 0.65	BF-B
EL	- 0.62	BF-B
EL	- 0.57	DEO
ULTA	- 0.51	DEO

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
DEO	1.16	(0.10)	(0.14)	0.05	1.45	(1.31)	2.43	(2.26)	10.84
BF-B	1.50	(0.22)	0.00	3.25	0.00	0.00	3.09	(2.22)	20.27
MGPI	1.67	0.27	0.00	(1.95)	2.16	(1.76)	4.26	(3.09)	12.88
TAP	1.02	(0.40)	0.00	(0.51)	0.00	0.00	1.40	(2.39)	8.06
EL	2.24	0.49	0.26	0.54	1.76	(2.62)	6.34	(3.65)	17.27
ULTA	1.55	0.27	0.19	0.49	1.03	(1.87)	3.56	(2.27)	13.36
CGC	5.91	0.19	0.05	0.35	6.23	(7.32)	16.83	(8.97)	46.69

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC