Karat Packaging Correlations

KRT Stock

USD 25.84 0.05 0.19%

The current 90-days correlation between Karat Packaging and Ranpak Holdings Corp is 0.43 (i.e., Very weak diversification). The correlation of Karat Packaging 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.

Karat Packaging Correlation With Market

Almost no diversification

The correlation between Karat Packaging and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Karat Packaging and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Karat Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Karat Packaging. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

For more information on how to buy Karat Stock please use our How to Invest in Karat Packaging guide.

Moving together with Karat Stock

0.88	AACA	AALBERTS IND	Pair Corr
0.85	CAV	Carnavale Resources Split	Pair Corr
0.79	C9F	CHIPOTLE MEXICAN	Pair Corr
0.71	VVDH	VEOLIA ENV SP	Pair Corr
0.75	C9F	CHIPOTLE MEXICAN	Pair Corr
0.84	21L	Alphamin Resources Corp	Pair Corr
0.79	RMY	RAMSAY HEALTH CARE	Pair Corr
0.78	FR7	Fast Retailing	Pair Corr
0.67	CVLC	VALE N1	Pair Corr
0.8	CWN	CROWN HOLDINGS	Pair Corr
0.9	OTP	OTP Bank Nyrt	Pair Corr
0.77	A8D	AB SCIENCE	Pair Corr
0.69	PF8	European Lithium	Pair Corr
0.78	DC	Dakota Gold Corp	Pair Corr
0.76	ZYA	STATE STREET	Pair Corr
0.8	IE	Ivanhoe Electric	Pair Corr
0.94	DEZ	Deutz AG	Pair Corr

Moving against Karat Stock

0.71	6WX	CN LONGYUAN POWER	Pair Corr
0.66	6RC	REPROCELL	Pair Corr
0.63	VA7A	VERISK ANLYTCS A Earnings Call This Week	Pair Corr
0.9	SON1	Sony Group Corp	Pair Corr
0.87	GEO	Empire Metals Limited	Pair Corr
0.66	UMD	UMT United Mobility	Pair Corr
0.56	BF5B	BROWN NON VTG	Pair Corr
0.48	EO5	EOG RESOURCES Earnings Call Next Week	Pair Corr

Related Correlations Analysis

	PACK	MLR	NATH	PTLO	CAL	INVZ	VENU	ZKH	BALY	MYE
PACK		0.46	0.02	0.17	0.67	-0.39	-0.3	0.6	-0.26	0.64	PACK
MLR	0.46		0.64	0.82	0.29	-0.53	-0.71	0.48	-0.73	0.92	MLR
NATH	0.02	0.64		0.62	-0.16	-0.21	-0.46	0.07	-0.43	0.56	NATH
PTLO	0.17	0.82	0.62		0.16	-0.43	-0.53	0.36	-0.56	0.72	PTLO
CAL	0.67	0.29	-0.16	0.16		-0.33	-0.15	0.52	-0.1	0.51	CAL
INVZ	-0.39	-0.53	-0.21	-0.43	-0.33		0.78	-0.76	0.57	-0.67	INVZ
VENU	-0.3	-0.71	-0.46	-0.53	-0.15	0.78		-0.56	0.79	-0.77	VENU
ZKH	0.6	0.48	0.07	0.36	0.52	-0.76	-0.56		-0.39	0.62	ZKH
BALY	-0.26	-0.73	-0.43	-0.56	-0.1	0.57	0.79	-0.39		-0.72	BALY
MYE	0.64	0.92	0.56	0.72	0.51	-0.67	-0.77	0.62	-0.72		MYE
	PACK	MLR	NATH	PTLO	CAL	INVZ	VENU	ZKH	BALY	MYE

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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

MYE	+ 0.92	MLR
PTLO	+ 0.82	MLR
BALY	+ 0.79	VENU
VENU	+ 0.78	INVZ
MYE	+ 0.72	PTLO
CAL	+ 0.67	PACK

High negative correlations

MYE	- 0.77	VENU
ZKH	- 0.76	INVZ
BALY	- 0.73	MLR
MYE	- 0.72	BALY
VENU	- 0.71	MLR
MYE	- 0.67	INVZ

Risk-Adjusted Indicators

There is a big difference between Karat Stock performing well and Karat 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 Karat 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
PACK	2.63	0.13	0.09	0.10	2.63	(3.23)	5.36	(4.51)	21.18
MLR	1.24	0.16	0.10	0.20	1.39	(1.37)	2.60	(2.31)	5.59
NATH	1.15	(0.04)	(0.04)	(0.01)	1.48	(1.53)	2.14	(2.21)	9.78
PTLO	2.07	0.15	0.08	0.17	2.06	(2.68)	5.19	(3.34)	16.13
CAL	2.59	0.01	0.03	0.06	3.26	(2.75)	6.09	(5.59)	19.93
INVZ	3.54	(0.92)	0.00	(0.21)	0.00	0.00	7.26	(7.09)	34.74
VENU	5.36	(1.05)	0.00	(0.26)	0.00	0.00	8.16	(11.37)	56.39
ZKH	1.80	0.29	0.07	(1.71)	2.44	(2.57)	3.84	(2.90)	25.66
BALY	2.91	(0.54)	0.00	(0.29)	0.00	0.00	5.47	(6.40)	16.79
MYE	1.11	0.28	0.21	0.31	0.87	(1.25)	2.88	(1.48)	6.87

Karat Packaging Corporate Management

Marvin Cheng	VP Secretary	Profile
Daniel Quire	Director Sales	Profile
Jian Guo	Chief Officer	Profile
Joanne Wang	COO Director	Profile

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