British American Correlations
| BATS Stock | 3,000 12.00 0.40% |
The current 90-days correlation between British American Tobacco and Fresenius Medical Care is 0.22 (i.e., Modest diversification). The correlation of British American 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.
British American Correlation With Market
Good diversification
The correlation between British American Tobacco and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding British American Tobacco and DJI in the same portfolio, assuming nothing else is changed.
British |
The ability to find closely correlated positions to British American could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace British American 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 British American - 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 British American Tobacco to buy it.
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
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Risk-Adjusted Indicators
There is a big difference between British Stock performing well and British American 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 British American'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 0H9X | 1.25 | 0.25 | 0.07 | 1.87 | 1.46 | 3.13 | 10.59 | |||
| 0IJV | 1.03 | (0.07) | 0.00 | (0.03) | 0.00 | 2.26 | 6.85 | |||
| 0GZK | 2.07 | 0.25 | 0.07 | 2.05 | 1.82 | 6.53 | 17.27 | |||
| 0IFX | 0.80 | 0.07 | (0.01) | 0.32 | 0.97 | 1.49 | 3.69 | |||
| DATA | 1.13 | (0.12) | 0.00 | 0.47 | 0.00 | 3.05 | 10.16 | |||
| 0MSD | 1.69 | (0.04) | (0.04) | 0.06 | 2.12 | 3.68 | 10.26 | |||
| LTI | 1.19 | (0.11) | 0.00 | 0.47 | 0.00 | 2.35 | 9.26 | |||
| 0YXG | 1.97 | (0.01) | (0.02) | 0.11 | 2.95 | 4.02 | 12.11 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in British American 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.Did you try this?
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British American Corporate Management
Elected by the shareholders, the British American's board of directors comprises two types of representatives: British American inside directors who are chosen from within the company, and outside directors, selected externally and held independent of British. The board's role is to monitor British American's management team and ensure that shareholders' interests are well served. British American'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, British American's outside directors are responsible for providing unbiased perspectives on the board's policies.
| David Waterfield | Member Board | Profile | |
| Lance Mucalo | Head Products | Profile | |
| David OReilly | Executive Officer | Profile | |
| Tadeu Marroco | Member Director | Profile | |
| Victoria Buxton | Head Relations | Profile | |
| Syed Iqbal | Dire Dire | Profile |