British American Correlations

BMT Stock

EUR 35.09 0.31 0.89%

The current 90-days correlation between British American Tobacco and Philip Morris International is -0.05 (i.e., Good 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.

British American Correlation With Market

Modest diversification

The correlation between British American Tobacco and DJI is 0.2 (i.e., Modest 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.

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.

Moving together with British Stock

0.98	BMT	British American Tobacco	Pair Corr
0.98	BMTA	British American Tobacco	Pair Corr
0.8	PHM7	Altria Group	Pair Corr
0.87	ITB	Imperial Brands PLC	Pair Corr
0.86	ITB	Imperial Brands PLC	Pair Corr
0.87	5EE	MEBUKI FINANCIAL	Pair Corr
0.92	4FK	Fukuoka Financial	Pair Corr
0.8	ATR0	ATHENE HOLDING PRFSERC	Pair Corr
0.62	WD1	WD 40 CO	Pair Corr
0.84	51KB	AVITA Medical	Pair Corr
0.64	117	Arista Networks Split	Pair Corr
0.86	TL0	Tesla Inc	Pair Corr
0.79	3P7	Pandora A/S	Pair Corr
0.78	MAQ	Marriott International	Pair Corr
0.81	EMR	EMERSON ELECTRIC	Pair Corr
0.86	8KS	LUMI GRUPPEN AS	Pair Corr
0.79	GM0N	GLOBUS MEDICAL A	Pair Corr
0.82	G8L	GREENLIGHT CAP RE	Pair Corr

Moving against British Stock

0.78	PKX	POSCO Holdings	Pair Corr
0.75	LGLG	LG Electronics	Pair Corr
0.54	SSU	Samsung Electronics	Pair Corr
0.61	CHK	China Resources Beer	Pair Corr
0.55	CKS2	GOME Retail Holdings	Pair Corr
0.31	GMS1	ImagineAR	Pair Corr

Related Correlations Analysis

	4I1	4I1	BMT	BMT	BMTA	PHM7	JAT	JATA	ITB	ITB
4I1		0.98	0.6	0.55	0.59	0.82	-0.18	-0.12	0.77	0.79	4I1
4I1	0.98		0.6	0.55	0.61	0.83	-0.18	-0.14	0.77	0.79	4I1
BMT	0.6	0.6		0.98	0.98	0.84	0.3	0.33	0.87	0.88	BMT
BMT	0.55	0.55	0.98		0.98	0.8	0.35	0.39	0.87	0.86	BMT
BMTA	0.59	0.61	0.98	0.98		0.83	0.28	0.33	0.89	0.89	BMTA
PHM7	0.82	0.83	0.84	0.8	0.83		0.09	0.11	0.85	0.88	PHM7
JAT	-0.18	-0.18	0.3	0.35	0.28	0.09		0.9	0.12	0.12	JAT
JATA	-0.12	-0.14	0.33	0.39	0.33	0.11	0.9		0.15	0.16	JATA
ITB	0.77	0.77	0.87	0.87	0.89	0.85	0.12	0.15		0.99	ITB
ITB	0.79	0.79	0.88	0.86	0.89	0.88	0.12	0.16	0.99		ITB
	4I1	4I1	BMT	BMT	BMTA	PHM7	JAT	JATA	ITB	ITB

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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

ITB	+ 0.99	ITB
4I1	+ 0.98	4I1
BMT	+ 0.98	BMT
BMTA	+ 0.98	BMT
BMTA	+ 0.98	BMT
JATA	+ 0.9	JAT

High negative correlations

JAT	- 0.18	4I1
JAT	- 0.18	4I1
JATA	- 0.14	4I1
JATA	- 0.12	4I1

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
4I1	1.03	0.17	0.11	(0.38)	1.06	(1.12)	1.80	(2.09)	13.29
4I1	0.99	0.19	0.10	(0.33)	1.25	(1.23)	2.44	(1.63)	14.84
BMT	0.73	0.10	0.07	(1.16)	0.87	(0.81)	1.63	(1.66)	4.42
BMT	0.82	0.11	0.10	0.46	0.90	(0.90)	1.67	(1.50)	4.11
BMTA	0.92	0.11	0.09	27.99	0.84	(1.16)	1.84	(1.49)	6.00
PHM7	0.84	0.20	0.18	(1.66)	0.68	(0.98)	1.76	(1.53)	10.31
JAT	1.00	(0.03)	0.00	(0.04)	0.00	0.00	2.27	(2.20)	5.59
JATA	0.98	(0.03)	0.00	(0.11)	0.00	0.00	1.67	(2.36)	5.61
ITB	0.96	0.31	0.27	0.65	0.78	(1.15)	2.53	(1.41)	6.40
ITB	0.80	0.31	0.34	(1.59)	0.42	(1.01)	2.31	(1.08)	6.60

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.

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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.

Luciano Comin	Regional Board	Profile
Guy Meldrum	Member Board	Profile
David OReilly	Director Board	Profile
Tadeu Marroco	Member Director	Profile
Paul Lageweg	Director Board	Profile
Kingsley Wheaton	Chief Board	Profile
Jerome Abelman	G Affairs	Profile

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