Karat Packaging Correlations

KRT Stock

USD 29.60 1.05 3.68%

The current 90-days correlation between Karat Packaging and Myers Industries is 0.56 (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

Poor diversification

The correlation between Karat Packaging and DJI is 0.76 (i.e., Poor 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.

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 metropolitan statistical area.

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

Moving together with Karat Stock

0.79	IP	International Paper	Pair Corr
0.67	SW	Smurfit WestRock plc	Pair Corr
0.96	GEF	Greif Bros Fiscal Year End 4th of December 2024	Pair Corr
0.88	PKG	Packaging Corp Fiscal Year End 22nd of January 2025	Pair Corr
0.62	TRS	TriMas	Pair Corr
0.67	PTVE	Pactiv Evergreen	Pair Corr
0.88	SLGN	Silgan Holdings	Pair Corr
0.88	BERY	Berry Global Group	Pair Corr
0.63	ELMSQ	Electric Last Mile	Pair Corr
0.89	DRVN	Driven Brands Holdings	Pair Corr
0.75	WBUY	WEBUY GLOBAL LTD	Pair Corr

Moving against Karat Stock

0.79	REYN	Reynolds Consumer	Pair Corr
0.76	AVY	Avery Dennison Corp	Pair Corr
0.72	AMCR	Amcor PLC	Pair Corr
0.7	SON	Sonoco Products	Pair Corr
0.63	MYE	Myers Industries	Pair Corr
0.54	BALL	Ball	Pair Corr
0.76	EBET	Ebet Inc	Pair Corr
0.69	EVKG	Ever Glory Internati	Pair Corr
0.66	FRSX	Foresight Autonomous	Pair Corr
0.61	WPRT	Westport Fuel Systems	Pair Corr
0.6	DSS	DSS Inc	Pair Corr
0.55	TFRFF	Tefron	Pair Corr
0.37	EXTO	Almacenes xito SA	Pair Corr
0.35	FIGS	Figs Inc	Pair Corr

Related Correlations Analysis

	GEF	REYN	SLGN	OI	MYE	SEE	GPK	BALL	SON
GEF		-0.72	0.89	0.28	-0.53	0.51	-0.1	-0.47	-0.63	GEF
REYN	-0.72		-0.77	0.21	0.83	-0.54	0.55	0.76	0.86	REYN
SLGN	0.89	-0.77		0.14	-0.57	0.51	-0.24	-0.57	-0.61	SLGN
OI	0.28	0.21	0.14		0.26	0.12	0.46	0.42	0.3	OI
MYE	-0.53	0.83	-0.57	0.26		-0.42	0.49	0.54	0.73	MYE
SEE	0.51	-0.54	0.51	0.12	-0.42		0.07	-0.07	-0.33	SEE
GPK	-0.1	0.55	-0.24	0.46	0.49	0.07		0.61	0.6	GPK
BALL	-0.47	0.76	-0.57	0.42	0.54	-0.07	0.61		0.73	BALL
SON	-0.63	0.86	-0.61	0.3	0.73	-0.33	0.6	0.73		SON
	GEF	REYN	SLGN	OI	MYE	SEE	GPK	BALL	SON

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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

SLGN	+ 0.89	GEF
SON	+ 0.86	REYN
MYE	+ 0.83	REYN
BALL	+ 0.76	REYN
SON	+ 0.73	MYE
SON	+ 0.73	BALL

High negative correlations

SLGN	- 0.77	REYN
REYN	- 0.72	GEF
SON	- 0.63	GEF
SON	- 0.61	SLGN
BALL	- 0.57	SLGN
MYE	- 0.57	SLGN

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
GEF	1.23	0.10	0.10	0.16	1.11	(1.49)	2.98	(2.28)	9.21
REYN	0.86	(0.16)	0.00	(0.50)	0.00	0.00	1.92	(2.19)	8.89
SLGN	0.85	0.08	0.05	0.20	0.88	(0.89)	1.74	(1.57)	5.37
OI	2.07	(0.08)	0.00	0.05	2.27	(2.55)	5.29	(3.81)	13.61
MYE	1.78	(0.42)	0.00	(0.15)	0.00	0.00	3.00	(3.83)	11.90
SEE	1.19	0.00	(0.01)	0.09	1.48	(1.20)	2.26	(2.43)	8.28
GPK	1.15	(0.07)	(0.04)	0.02	1.68	(1.09)	2.14	(2.04)	8.57
BALL	1.04	(0.13)	0.00	(0.08)	0.00	0.00	1.52	(1.74)	9.98
SON	0.89	(0.05)	(0.09)	(0.01)	1.03	(0.98)	1.92	(1.65)	5.13

Karat Packaging Corporate Management

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

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