Smurfit Kappa Correlations
| SMFTF Stock | USD 55.02 0.26 0.47% |
The current 90-days correlation between Smurfit Kappa Group and WestRock Co is -0.24 (i.e., Very good diversification). The correlation of Smurfit Kappa 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.
Smurfit Kappa Correlation With Market
Average diversification
The correlation between Smurfit Kappa Group and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Smurfit Kappa Group and DJI in the same portfolio, assuming nothing else is changed.
Smurfit |
The ability to find closely correlated positions to Smurfit Kappa could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Smurfit Kappa when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Smurfit Kappa - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Smurfit Kappa Group to buy it.
Moving together with Smurfit Pink Sheet
| 0.83 | PKG | Packaging Corp Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.93 | IP | International Paper | PairCorr |
| 0.8 | GLABF | Gemina Laboratories | PairCorr |
| 0.78 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.76 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.78 | WMT | Walmart Aggressive Push | PairCorr |
| 0.65 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.75 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.68 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.73 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.82 | DIS | Walt Disney Sell-off Trend | PairCorr |
Moving against Smurfit Pink Sheet
| 0.78 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.68 | AMCR | Amcor PLC | PairCorr |
| 0.66 | BALL | Ball | PairCorr |
| 0.5 | SMFKY | Smurfit Kappa Group | PairCorr |
| 0.39 | NSFDF | NXT Energy Solutions | PairCorr |
| 0.82 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.67 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.32 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Smurfit Pink Sheet performing well and Smurfit Kappa 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 Smurfit Kappa'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 | 0.12 | (0.03) | (0.23) | 1.26 | 2.75 | 9.53 | |||
| SEE | 1.22 | (0.01) | (0.02) | 0.12 | 1.51 | 2.26 | 8.28 | |||
| AVY | 0.91 | (0.16) | 0.00 | (0.16) | 0.00 | 1.60 | 6.42 | |||
| IP | 1.24 | 0.30 | 0.14 | 2.12 | 1.00 | 2.53 | 15.04 | |||
| SON | 0.86 | (0.13) | 0.00 | (0.10) | 0.00 | 1.92 | 4.84 | |||
| GEF | 1.23 | 0.01 | 0.04 | 0.14 | 1.15 | 2.68 | 9.21 | |||
| CCK | 0.82 | (0.02) | (0.08) | 0.10 | 0.96 | 1.47 | 6.39 | |||
| OI | 2.03 | (0.26) | (0.05) | 0.00 | 2.37 | 5.29 | 13.61 | |||
| PKG | 0.79 | 0.21 | 0.23 | 0.42 | 0.32 | 2.43 | 6.68 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Smurfit Kappa without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Equity Forecasting Now
Equity ForecastingUse basic forecasting models to generate price predictions and determine price momentum |
| All Next | Launch Module |
Smurfit Kappa Corporate Management
| Saverio Mayer | Chief Europe | Profile | |
| Gillian CarsonCallan | Group Sec | Profile | |
| Laurent Sellier | Chief Americas | Profile | |
| Garrett Quinn | Head of Investor Relations | Profile | |
| Brian Marshall | Group Counsel | Profile | |
| Sharon Whitehead | Group HR | Profile | |
| Ruth Cosgrove | Group Communications | Profile |