Graphic Packaging Correlations

GPK Stock

USD 27.93 0.28 1.01%

The current 90-days correlation between Graphic Packaging Holding and Ball Corporation is 0.43 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Graphic Packaging moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Graphic Packaging Holding moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Graphic Packaging Correlation With Market

Modest diversification

The correlation between Graphic Packaging Holding and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Graphic Packaging Holding and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Graphic Packaging Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Graphic Stock

0.77	OI	O I Glass	Pair Corr
0.79	AVY	Avery Dennison Corp	Pair Corr
0.82	CCK	Crown Holdings	Pair Corr
0.7	GEF	Greif Bros	Pair Corr
0.7	MYE	Myers Industries	Pair Corr
0.85	SEE	Sealed Air	Pair Corr
0.87	SON	Sonoco Products	Pair Corr
0.85	TRS	TriMas	Pair Corr
0.81	AMBP	Ardagh Metal Packaging	Pair Corr
0.79	AMCR	Amcor PLC Aggressive Push	Pair Corr
0.79	BALL	Ball	Pair Corr
0.77	VIRC	Virco Manufacturing	Pair Corr
0.64	EBET	Ebet Inc	Pair Corr
0.66	F-PC	Ford Motor	Pair Corr
0.62	F-PD	F PD	Pair Corr
0.76	WPRT	Westport Fuel Systems	Pair Corr

Moving against Graphic Stock

0.57	PTVE	Pactiv Evergreen	Pair Corr
0.7	WNW	Meiwu Technology	Pair Corr
0.52	FATBP	FAT Brands	Pair Corr
0.45	BC-PB	Brunswick Corp	Pair Corr
0.36	NCL	Northann Corp	Pair Corr
0.31	KAR	KAR Auction Services	Pair Corr

Related Correlations Analysis

	BALL	SLGN	SON	REYN	MYE	KRT	SEE	WRK	AVY
BALL		0.09	0.85	0.82	0.68	-0.45	0.63	-0.28	0.91	BALL
SLGN	0.09		0.23	-0.14	-0.07	0.69	0.5	0.69	0.13	SLGN
SON	0.85	0.23		0.82	0.79	-0.18	0.73	-0.03	0.86	SON
REYN	0.82	-0.14	0.82		0.8	-0.4	0.45	-0.17	0.74	REYN
MYE	0.68	-0.07	0.79	0.8		-0.25	0.59	-0.15	0.73	MYE
KRT	-0.45	0.69	-0.18	-0.4	-0.25		0.01	0.85	-0.46	KRT
SEE	0.63	0.5	0.73	0.45	0.59	0.01		0.1	0.72	SEE
WRK	-0.28	0.69	-0.03	-0.17	-0.15	0.85	0.1		-0.28	WRK
AVY	0.91	0.13	0.86	0.74	0.73	-0.46	0.72	-0.28		AVY
	BALL	SLGN	SON	REYN	MYE	KRT	SEE	WRK	AVY

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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

AVY	+ 0.91	BALL
AVY	+ 0.86	SON
SON	+ 0.85	BALL
WRK	+ 0.85	KRT
REYN	+ 0.82	BALL
REYN	+ 0.82	SON

High negative correlations

AVY	- 0.46	KRT
KRT	- 0.45	BALL
KRT	- 0.4	REYN
AVY	- 0.28	WRK
WRK	- 0.28	BALL
KRT	- 0.25	MYE

Risk-Adjusted Indicators

There is a big difference between Graphic Stock performing well and Graphic Packaging 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 Graphic Packaging'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
BALL	1.13	(0.26)	0.00	(0.93)	0.00	0.00	1.90	(2.71)	9.59
SLGN	0.84	0.04	0.04	0.15	1.06	(0.86)	1.66	(1.92)	5.76
SON	0.89	(0.18)	0.00	(0.48)	0.00	0.00	1.59	(2.04)	5.06
REYN	0.84	(0.16)	0.00	(0.65)	0.00	0.00	1.23	(1.91)	7.02
MYE	2.08	(0.12)	0.00	2.55	0.00	0.00	3.75	(4.06)	12.86
KRT	1.31	0.16	0.08	0.23	1.64	(1.27)	2.53	(2.86)	14.46
SEE	1.21	(0.01)	0.00	(0.05)	1.67	(1.11)	1.99	(2.44)	8.02
WRK	1.18	0.08	0.06	0.77	1.26	(1.27)	2.75	(2.33)	9.53
AVY	0.83	(0.19)	0.00	(0.43)	0.00	0.00	1.59	(2.04)	5.05

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