International Paper Correlations

IP Stock

USD 42.08 2.52 6.37%

The current 90-days correlation between International Paper and Smurfit WestRock plc is 0.74 (i.e., Poor diversification). The correlation of International Paper 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.

International Paper Correlation With Market

Very weak diversification

The correlation between International Paper and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Paper and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with International Stock

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

To learn how to invest in International Stock, please use our How to Invest in International Paper guide.

Moving together with International Stock

0.89	SW	Smurfit WestRock plc	Pair Corr
0.63	PKG	Packaging Corp	Pair Corr
0.75	PCTTW	PureCycle Technologies	Pair Corr
0.64	PTAIF	PT Astra International	Pair Corr

Moving against International Stock

0.78	SANM	Sanmina	Pair Corr
0.76	PPERY	Bank Mandiri Persero	Pair Corr
0.76	DQ	Daqo New Energy	Pair Corr
0.71	TLK	Telkom Indonesia Tbk	Pair Corr
0.68	ATCOL	Atlas Corp	Pair Corr
0.66	EC	Ecopetrol SA ADR	Pair Corr
0.66	BOF	BranchOut Food Common	Pair Corr
0.63	ASXSF	Elysee Development Corp	Pair Corr
0.57	ACR-PC	ACRES Commercial Realty	Pair Corr
0.56	F	Ford Motor Aggressive Push	Pair Corr
0.54	ATI	Allegheny Technologies	Pair Corr
0.48	PTAIY	Astra International Tbk	Pair Corr
0.44	WSFS	WSFS Financial	Pair Corr
0.43	BKRKY	Bank Rakyat	Pair Corr
0.39	NMIH	NMI Holdings	Pair Corr
0.38	TLKMF	Telkom Indonesia Tbk	Pair Corr

Related Correlations Analysis

	SW	AMCR	PKG	IHG	LULU	RL	CASY	NVR	LI	DRI
SW		-0.3	0.82	-0.18	0.26	-0.08	0.2	0.55	0.46	0.76	SW
AMCR	-0.3		0.03	0.75	0.54	0.76	0.48	-0.2	-0.75	0.0	AMCR
PKG	0.82	0.03		0.18	0.51	0.19	0.39	0.48	0.2	0.8	PKG
IHG	-0.18	0.75	0.18		0.86	0.88	0.44	-0.16	-0.86	0.25	IHG
LULU	0.26	0.54	0.51	0.86		0.82	0.48	0.02	-0.67	0.63	LULU
RL	-0.08	0.76	0.19	0.88	0.82		0.53	0.06	-0.8	0.27	RL
CASY	0.2	0.48	0.39	0.44	0.48	0.53		0.33	-0.28	0.41	CASY
NVR	0.55	-0.2	0.48	-0.16	0.02	0.06	0.33		0.45	0.35	NVR
LI	0.46	-0.75	0.2	-0.86	-0.67	-0.8	-0.28	0.45		0.02	LI
DRI	0.76	0.0	0.8	0.25	0.63	0.27	0.41	0.35	0.02		DRI
	SW	AMCR	PKG	IHG	LULU	RL	CASY	NVR	LI	DRI

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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

RL	+ 0.88	IHG
LULU	+ 0.86	IHG
PKG	+ 0.82	SW
RL	+ 0.82	LULU
DRI	+ 0.8	PKG
DRI	+ 0.76	SW

High negative correlations

LI	- 0.86	IHG
LI	- 0.8	RL
LI	- 0.75	AMCR
LI	- 0.67	LULU
AMCR	- 0.3	SW
LI	- 0.28	CASY

Risk-Adjusted Indicators

There is a big difference between International Stock performing well and International Paper 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 International Paper'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
SW	1.74	(0.01)	0.01	0.07	2.78	(1.82)	4.85	(3.37)	17.33
AMCR	0.96	0.10	0.04	0.38	1.13	(1.02)	1.89	(1.90)	5.76
PKG	1.17	(0.05)	(0.03)	0.02	1.64	(1.24)	2.80	(2.32)	8.20
IHG	1.18	0.10	0.08	0.18	0.99	(1.57)	2.69	(1.97)	6.84
LULU	1.71	0.21	0.12	0.22	1.78	(1.98)	4.31	(3.44)	12.23
RL	1.43	0.10	0.08	0.15	1.46	(1.64)	3.09	(2.23)	7.40
CASY	1.13	0.07	0.00	0.53	1.46	(1.28)	2.23	(2.25)	9.89
NVR	1.06	(0.19)	0.00	(0.17)	0.00	0.00	2.54	(2.14)	5.29
LI	1.50	(0.65)	0.00	(0.66)	0.00	0.00	1.89	(3.43)	7.20
DRI	1.21	0.01	0.01	0.08	1.13	(1.63)	2.91	(2.17)	6.58

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