International Paper Correlations

IP Stock

USD 46.58 2.21 4.98%

The current 90-days correlation between International Paper and Smurfit WestRock plc is 0.75 (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 poor diversification

The correlation between International Paper and DJI is 0.86 (i.e., Very poor 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 persons.

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

Moving together with International Stock

0.91	SW	Smurfit WestRock plc Earnings Call This Week	Pair Corr
0.86	AVY	Avery Dennison Corp	Pair Corr
0.92	PKG	Packaging Corp	Pair Corr
0.93	SON	Sonoco Products	Pair Corr
0.73	VETN	Vetropack Holding	Pair Corr
0.69	485B	Amcor plc Split	Pair Corr
0.9	PKA	Packaging	Pair Corr
0.86	SIGN	SIG Combibloc Group	Pair Corr
0.7	TCL-A	Transcontinental	Pair Corr
0.75	IFX	Imaflex	Pair Corr
0.69	485	Amcor plc Split	Pair Corr
0.81	AMC	Amcor Plc Split	Pair Corr
0.77	WPK	Winpak	Pair Corr
0.8	SXP	Supremex	Pair Corr
0.71	ATCOL	Atlas Corp	Pair Corr
0.71	GNTX	Gentex	Pair Corr
0.65	SHG	Shinhan Financial Earnings Call This Week	Pair Corr
0.68	KB	KB Financial Group Earnings Call This Week	Pair Corr
0.68	EC	Ecopetrol SA ADR	Pair Corr
0.89	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.74	WF	Woori Financial Group	Pair Corr
0.74	UEIC	Universal Electronics Earnings Call This Week	Pair Corr
0.83	ANDE	Andersons	Pair Corr
0.72	OGN	Organon	Pair Corr

Moving against International Stock

0.63	ADVWW	Advantage Solutions	Pair Corr
0.52	GPK	Graphic Packaging Holding	Pair Corr
0.78	MAPSW	WM Technology	Pair Corr
0.77	GCMGW	GCM Grosvenor	Pair Corr
0.73	VFSWW	VinFast Auto	Pair Corr
0.46	PCTTW	PureCycle Technologies	Pair Corr

Related Correlations Analysis

	SW	AMCR	PKG	IHG	LULU	RL	CASY	NVR	LI	DRI
SW		0.67	0.95	0.65	0.45	0.5	0.83	0.67	-0.61	0.95	SW
AMCR	0.67		0.76	0.52	0.07	0.32	0.81	0.72	-0.36	0.65	AMCR
PKG	0.95	0.76		0.63	0.27	0.4	0.89	0.74	-0.5	0.93	PKG
IHG	0.65	0.52	0.63		0.73	0.76	0.54	0.61	-0.69	0.61	IHG
LULU	0.45	0.07	0.27	0.73		0.76	0.16	0.12	-0.7	0.4	LULU
RL	0.5	0.32	0.4	0.76	0.76		0.43	0.52	-0.81	0.46	RL
CASY	0.83	0.81	0.89	0.54	0.16	0.43		0.79	-0.56	0.88	CASY
NVR	0.67	0.72	0.74	0.61	0.12	0.52	0.79		-0.47	0.69	NVR
LI	-0.61	-0.36	-0.5	-0.69	-0.7	-0.81	-0.56	-0.47		-0.6	LI
DRI	0.95	0.65	0.93	0.61	0.4	0.46	0.88	0.69	-0.6		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

PKG	+ 0.95	SW
DRI	+ 0.95	SW
DRI	+ 0.93	PKG
CASY	+ 0.89	PKG
DRI	+ 0.88	CASY
CASY	+ 0.83	SW

High negative correlations

LI	- 0.81	RL
LI	- 0.7	LULU
LI	- 0.69	IHG
LI	- 0.61	SW
DRI	- 0.6	LI
LI	- 0.56	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	1.68	0.20	0.15	0.22	1.43	(2.15)	4.85	(2.75)	11.28
AMCR	1.20	0.29	0.11	(19.14)	1.57	(1.33)	2.99	(1.70)	10.51
PKG	1.19	0.24	0.16	0.35	1.15	(1.36)	3.03	(1.91)	8.20
IHG	1.25	0.17	0.13	0.24	1.10	(1.59)	3.42	(2.04)	8.23
LULU	1.99	(0.03)	0.00	0.06	2.72	(1.92)	3.75	(4.19)	16.10
RL	1.44	0.05	0.04	0.12	1.51	(1.68)	3.09	(2.23)	8.67
CASY	1.19	0.37	0.20	2.17	1.19	(1.44)	2.70	(2.03)	9.89
NVR	1.01	0.14	0.10	0.30	0.88	(1.16)	3.15	(1.70)	5.61
LI	1.72	(0.19)	0.00	(0.09)	0.00	0.00	3.54	(3.27)	8.72
DRI	1.35	0.25	0.16	0.38	1.25	(1.61)	3.28	(2.51)	8.67

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