International Paper Correlations

IP Stock

USD 39.74 0.12 0.30%

The current 90-days correlation between International Paper and Smurfit WestRock plc is 0.7 (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

Weak diversification

The correlation between International Paper and DJI is 0.37 (i.e., 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

0.94	SW	Smurfit WestRock plc Sell-off Trend	Pair Corr
0.72	002303	Shenzhen MYS Environ	Pair Corr
0.78	GPK	Graphic Packaging Holding	Pair Corr
0.76	PKG	Packaging Corp	Pair Corr
0.62	002067	Zhejiang Jingxing Paper	Pair Corr
0.7	301216	Wankai New Materials	Pair Corr
0.79	RPI-UN	Richards Packaging Income	Pair Corr

Moving against International Stock

0.74	300849	Zhejiang Jinsheng New	Pair Corr
0.73	002831	ShenZhen YUTO Packaging	Pair Corr
0.72	002836	Guangdong New Grand	Pair Corr
0.72	002799	XiAn Global Printing	Pair Corr
0.7	300955	Jahen Household Products	Pair Corr
0.69	SEE	Sealed Air	Pair Corr
0.64	603499	Shanghai Sunglow Pac	Pair Corr
0.64	CCL-A	CCL Industries	Pair Corr
0.63	ORA	Orora	Pair Corr
0.6	CCL-B	CCL Industries	Pair Corr
0.56	003018	Jinfu Technology	Pair Corr
0.54	002228	Xiamen Hexing Packaging	Pair Corr
0.49	000859	Anhui Guofeng Plastic	Pair Corr
0.47	AVY	Avery Dennison Corp	Pair Corr
0.41	301198	Ningbo Joy Intelligent	Pair Corr
0.82	ATCOL	Atlas Corp	Pair Corr
0.79	002812	Yunnan Chuangxin New	Pair Corr
0.75	CAS	Cascades	Pair Corr
0.63	301355	Fujian Nanwang Envir	Pair Corr
0.59	003003	Guangdong Tengen Ind	Pair Corr
0.52	AMC	Amcor Plc	Pair Corr
0.51	WPK	Winpak	Pair Corr
0.4	300883	Ld Intelligent Technology	Pair Corr
0.4	002585	Jiangsu Shuangxing Color	Pair Corr
0.39	002565	Shanghai Luxin Packing	Pair Corr

Related Correlations Analysis

	SW	AMCR	PKG	IHG	LULU	RL	CASY	NVR	LI	DRI
SW		-0.53	0.85	-0.44	0.1	-0.35	0.15	0.73	0.71	0.8	SW
AMCR	-0.53		-0.32	0.73	0.41	0.74	0.35	-0.25	-0.69	-0.37	AMCR
PKG	0.85	-0.32		-0.23	0.23	-0.24	0.31	0.82	0.65	0.8	PKG
IHG	-0.44	0.73	-0.23		0.8	0.89	0.29	-0.29	-0.83	-0.06	IHG
LULU	0.1	0.41	0.23	0.8		0.75	0.36	0.11	-0.51	0.44	LULU
RL	-0.35	0.74	-0.24	0.89	0.75		0.37	-0.2	-0.81	-0.06	RL
CASY	0.15	0.35	0.31	0.29	0.36	0.37		0.43	-0.05	0.31	CASY
NVR	0.73	-0.25	0.82	-0.29	0.11	-0.2	0.43		0.66	0.69	NVR
LI	0.71	-0.69	0.65	-0.83	-0.51	-0.81	-0.05	0.66		0.43	LI
DRI	0.8	-0.37	0.8	-0.06	0.44	-0.06	0.31	0.69	0.43		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	+ 0.89	IHG
PKG	+ 0.85	SW
NVR	+ 0.82	PKG
DRI	+ 0.8	SW
DRI	+ 0.8	PKG
LULU	+ 0.8	IHG

High negative correlations

LI	- 0.83	IHG
LI	- 0.81	RL
LI	- 0.69	AMCR
AMCR	- 0.53	SW
LI	- 0.51	LULU
IHG	- 0.44	SW

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	1.65	(0.25)	0.00	(0.08)	0.00	0.00	3.71	(3.96)	17.33
AMCR	0.88	0.07	0.01	0.36	1.20	(0.90)	1.73	(1.70)	5.76
PKG	1.12	(0.10)	0.00	(0.04)	0.00	0.00	2.16	(2.19)	8.20
IHG	1.18	0.21	0.21	0.28	0.81	(1.55)	3.01	(1.58)	6.67
LULU	1.75	0.14	0.09	0.17	1.88	(2.06)	4.31	(3.67)	12.23
RL	1.48	0.11	0.09	0.14	1.49	(1.71)	3.21	(2.73)	7.49
CASY	1.12	0.05	(0.01)	0.47	1.49	(1.23)	2.23	(2.25)	9.89
NVR	1.07	(0.20)	0.00	(0.15)	0.00	0.00	2.01	(2.14)	5.29
LI	1.65	(0.62)	0.00	(0.73)	0.00	0.00	2.10	(3.99)	8.33
DRI	1.11	(0.04)	(0.04)	0.03	1.18	(1.34)	2.38	(2.17)	6.58

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