Sealed Air Correlations

SEE Stock

USD 35.53 0.47 1.34%

The current 90-days correlation between Sealed Air and Avery Dennison Corp is 0.31 (i.e., Weak diversification). The correlation of Sealed Air 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.

Sealed Air Correlation With Market

Very weak diversification

The correlation between Sealed Air and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sealed Air and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sealed Air. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

For information on how to trade Sealed Stock refer to our How to Trade Sealed Stock guide.

Moving together with Sealed Stock

0.76	CCK	Crown Holdings	Pair Corr
0.62	PKG	Packaging Corp Fiscal Year End 22nd of January 2025	Pair Corr
0.66	TRS	TriMas	Pair Corr
0.67	AMBP	Ardagh Metal Packaging	Pair Corr
0.62	DIIBF	Dorel Industries	Pair Corr

Moving against Sealed Stock

0.66	EBET	Ebet Inc	Pair Corr
0.54	REYN	Reynolds Consumer	Pair Corr
0.53	EFOI	Energy Focu	Pair Corr
0.45	DSHK	Drive Shack	Pair Corr
0.42	MYE	Myers Industries	Pair Corr
0.34	AVY	Avery Dennison Corp	Pair Corr
0.33	SON	Sonoco Products	Pair Corr
0.68	WPRT	Westport Fuel Systems	Pair Corr
0.56	FRSX	Foresight Autonomous	Pair Corr
0.47	AIN	Albany International	Pair Corr
0.44	TFRFF	Tefron	Pair Corr
0.41	EVKG	Ever Glory Internati	Pair Corr
0.36	GES	Guess Inc	Pair Corr
0.32	FRZA	Forza X1	Pair Corr

Related Correlations Analysis

	WRK	AVY	IP	SON	PKG	REYN	BALL	CCK	MYE
WRK		-0.09	-0.06	-0.2	0.37	-0.31	0.16	0.62	-0.4	WRK
AVY	-0.09		-0.8	0.84	-0.8	0.82	0.74	0.01	0.76	AVY
IP	-0.06	-0.8		-0.73	0.81	-0.82	-0.79	-0.07	-0.63	IP
SON	-0.2	0.84	-0.73		-0.68	0.86	0.73	0.03	0.73	SON
PKG	0.37	-0.8	0.81	-0.68		-0.86	-0.56	0.37	-0.83	PKG
REYN	-0.31	0.82	-0.82	0.86	-0.86		0.76	-0.17	0.83	REYN
BALL	0.16	0.74	-0.79	0.73	-0.56	0.76		0.35	0.54	BALL
CCK	0.62	0.01	-0.07	0.03	0.37	-0.17	0.35		-0.27	CCK
MYE	-0.4	0.76	-0.63	0.73	-0.83	0.83	0.54	-0.27		MYE
	WRK	AVY	IP	SON	PKG	REYN	BALL	CCK	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

REYN	+ 0.86	SON
SON	+ 0.84	AVY
MYE	+ 0.83	REYN
REYN	+ 0.82	AVY
PKG	+ 0.81	IP
MYE	+ 0.76	AVY

High negative correlations

REYN	- 0.86	PKG
MYE	- 0.83	PKG
REYN	- 0.82	IP
PKG	- 0.8	AVY
IP	- 0.8	AVY
BALL	- 0.79	IP

Risk-Adjusted Indicators

There is a big difference between Sealed Stock performing well and Sealed Air 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 Sealed Air'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
WRK	1.18	0.04	0.00	0.19	1.26	(1.27)	2.75	(2.33)	9.53
AVY	0.86	(0.15)	0.00	(0.22)	0.00	0.00	1.49	(1.94)	6.42
IP	1.29	0.33	0.21	1.70	0.97	(1.55)	2.53	(2.23)	15.04
SON	0.89	(0.05)	(0.09)	(0.01)	1.03	(0.98)	1.92	(1.65)	5.13
PKG	0.81	0.27	0.32	0.45	0.23	(0.99)	2.43	(1.15)	6.68
REYN	0.86	(0.16)	0.00	(0.50)	0.00	0.00	1.92	(2.19)	8.89
BALL	1.04	(0.13)	0.00	(0.08)	0.00	0.00	1.52	(1.74)	9.98
CCK	0.80	0.00	(0.04)	0.09	0.97	(0.86)	1.47	(1.80)	6.39
MYE	1.78	(0.42)	0.00	(0.15)	0.00	0.00	3.00	(3.83)	11.90

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