Silgan Holdings Correlations

SLGN Stock

USD 55.60 0.83 1.52%

The current 90-days correlation between Silgan Holdings and Pactiv Evergreen is 0.43 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Silgan Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Silgan Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Silgan Holdings Correlation With Market

Very weak diversification

The correlation between Silgan Holdings and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Silgan Holdings 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 Silgan Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

To learn how to invest in Silgan Stock, please use our How to Invest in Silgan Holdings guide.

Moving together with Silgan Stock

0.87	IP	International Paper	Pair Corr
0.86	SW	Smurfit WestRock plc	Pair Corr
0.89	GEF	Greif Bros Fiscal Year End 4th of December 2024	Pair Corr
0.88	KRT	Karat Packaging	Pair Corr
0.84	PKG	Packaging Corp Fiscal Year End 22nd of January 2025	Pair Corr
0.67	PTVE	Pactiv Evergreen	Pair Corr
0.9	BERY	Berry Global Group	Pair Corr
0.89	DRVN	Driven Brands Holdings	Pair Corr
0.69	WBUY	WEBUY GLOBAL LTD	Pair Corr

Moving against Silgan Stock

0.72	AMCR	Amcor PLC	Pair Corr
0.69	AVY	Avery Dennison Corp	Pair Corr
0.61	SON	Sonoco Products	Pair Corr
0.57	MYE	Myers Industries	Pair Corr
0.57	BALL	Ball	Pair Corr
0.33	MGIH	Millennium Group Int	Pair Corr
0.69	EBET	Ebet Inc	Pair Corr
0.65	CYD	China Yuchai Interna	Pair Corr
0.64	DSS	DSS Inc	Pair Corr
0.57	WPRT	Westport Fuel Systems	Pair Corr
0.56	FXLV	F45 Training Holdings	Pair Corr
0.55	EXTO	Almacenes xito SA	Pair Corr
0.5	EVKG	Ever Glory Internati	Pair Corr
0.44	IVP	Inspire Veterinary	Pair Corr
0.41	MMA	Alta Global Group	Pair Corr
0.37	TFRFF	Tefron	Pair Corr
0.36	IPW	iPower Inc	Pair Corr

Related Correlations Analysis

	PTVE	MYE	SON	AVY	GEF	KRT	REYN	OI	PKG
PTVE		-0.31	-0.31	-0.43	0.77	0.67	-0.37	0.37	0.61	PTVE
MYE	-0.31		0.73	0.76	-0.53	-0.63	0.83	0.26	-0.83	MYE
SON	-0.31	0.73		0.84	-0.63	-0.7	0.86	0.3	-0.68	SON
AVY	-0.43	0.76	0.84		-0.71	-0.76	0.82	0.25	-0.8	AVY
GEF	0.77	-0.53	-0.63	-0.71		0.96	-0.72	0.28	0.83	GEF
KRT	0.67	-0.63	-0.7	-0.76	0.96		-0.79	0.19	0.88	KRT
REYN	-0.37	0.83	0.86	0.82	-0.72	-0.79		0.21	-0.86	REYN
OI	0.37	0.26	0.3	0.25	0.28	0.19	0.21		-0.01	OI
PKG	0.61	-0.83	-0.68	-0.8	0.83	0.88	-0.86	-0.01		PKG
	PTVE	MYE	SON	AVY	GEF	KRT	REYN	OI	PKG

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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

KRT	+ 0.96	GEF
PKG	+ 0.88	KRT
REYN	+ 0.86	SON
AVY	+ 0.84	SON
REYN	+ 0.83	MYE
PKG	+ 0.83	GEF

High negative correlations

PKG	- 0.86	REYN
PKG	- 0.83	MYE
PKG	- 0.8	AVY
REYN	- 0.79	KRT
KRT	- 0.76	AVY
REYN	- 0.72	GEF

Risk-Adjusted Indicators

There is a big difference between Silgan Stock performing well and Silgan Holdings 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 Silgan Holdings' 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
PTVE	1.77	0.12	0.10	0.16	1.68	(2.10)	4.01	(2.77)	11.76
MYE	1.78	(0.42)	0.00	(0.15)	0.00	0.00	3.00	(3.83)	11.90
SON	0.89	(0.05)	(0.09)	(0.01)	1.03	(0.98)	1.92	(1.65)	5.13
AVY	0.86	(0.15)	0.00	(0.22)	0.00	0.00	1.49	(1.94)	6.42
GEF	1.23	0.10	0.10	0.16	1.11	(1.49)	2.98	(2.28)	9.21
KRT	1.16	0.04	0.08	0.11	1.12	(1.34)	2.54	(1.86)	11.73
REYN	0.86	(0.16)	0.00	(0.50)	0.00	0.00	1.92	(2.19)	8.89
OI	2.07	(0.08)	0.00	0.05	2.27	(2.55)	5.29	(3.81)	13.61
PKG	0.81	0.27	0.32	0.45	0.23	(0.99)	2.43	(1.15)	6.68

Silgan Holdings Corporate Executives

Elected by the shareholders, the Silgan Holdings' board of directors comprises two types of representatives: Silgan Holdings inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Silgan. The board's role is to monitor Silgan Holdings' management team and ensure that shareholders' interests are well served. Silgan Holdings' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Silgan Holdings' outside directors are responsible for providing unbiased perspectives on the board's policies.

	Robert Lewis	CFO and Executive VP	Profile
	Adam Greenlee	COO and Executive VP	Profile

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