Smurfit WestRock Correlations

SW Stock

56.37 0.67 1.20%

The current 90-days correlation between Smurfit WestRock plc and ON Semiconductor is 0.25 (i.e., Modest diversification). The correlation of Smurfit WestRock 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.

Smurfit WestRock Correlation With Market

Modest diversification

The correlation between Smurfit WestRock plc and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Smurfit WestRock plc 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 Smurfit WestRock plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with Smurfit Stock

0.9	IP	International Paper	Pair Corr
0.69	GEF	Greif Bros Fiscal Year End 4th of December 2024	Pair Corr
0.67	KRT	Karat Packaging	Pair Corr
0.77	PKG	Packaging Corp Fiscal Year End 22nd of January 2025	Pair Corr
0.86	SLGN	Silgan Holdings	Pair Corr
0.78	BERY	Berry Global Group	Pair Corr
0.79	DRVN	Driven Brands Holdings	Pair Corr

Moving against Smurfit Stock

0.73	REYN	Reynolds Consumer	Pair Corr
0.68	AMCR	Amcor PLC	Pair Corr
0.67	AVY	Avery Dennison Corp	Pair Corr
0.62	BALL	Ball	Pair Corr
0.6	EBET	Ebet Inc	Pair Corr
0.57	SON	Sonoco Products	Pair Corr
0.54	MYE	Myers Industries	Pair Corr
0.43	MGIH	Millennium Group Int	Pair Corr
0.35	GPK	Graphic Packaging Holding	Pair Corr
0.35	EFOI	Energy Focu	Pair Corr
0.66	GES	Guess Inc	Pair Corr
0.64	EXTO	Almacenes xito SA	Pair Corr
0.59	FRSX	Foresight Autonomous	Pair Corr
0.53	DSS	DSS Inc	Pair Corr
0.52	WPRT	Westport Fuel Systems	Pair Corr
0.33	GTX	Garrett Motion	Pair Corr

Related Correlations Analysis

	ON	MRAM	KLIC	AMD	ASML	VLN	NRG
ON		-0.02	-0.01	0.32	0.68	0.53	-0.23	ON
MRAM	-0.02		0.72	0.43	-0.38	-0.27	0.61	MRAM
KLIC	-0.01	0.72		0.12	-0.46	-0.35	0.86	KLIC
AMD	0.32	0.43	0.12		0.45	0.43	0.25	AMD
ASML	0.68	-0.38	-0.46	0.45		0.84	-0.44	ASML
VLN	0.53	-0.27	-0.35	0.43	0.84		-0.25	VLN
NRG	-0.23	0.61	0.86	0.25	-0.44	-0.25		NRG
	ON	MRAM	KLIC	AMD	ASML	VLN	NRG

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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

NRG	+ 0.86	KLIC
VLN	+ 0.84	ASML
KLIC	+ 0.72	MRAM
ASML	+ 0.68	ON
NRG	+ 0.61	MRAM
VLN	+ 0.53	ON

High negative correlations

ASML	- 0.46	KLIC
NRG	- 0.44	ASML
ASML	- 0.38	MRAM
VLN	- 0.35	KLIC
VLN	- 0.27	MRAM
NRG	- 0.25	VLN

Risk-Adjusted Indicators

There is a big difference between Smurfit Stock performing well and Smurfit WestRock 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 WestRock'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
ON	2.00	(0.31)	0.00	(0.09)	0.00	0.00	3.50	(4.32)	13.21
MRAM	2.02	0.05	0.03	0.12	2.76	(2.21)	5.81	(5.02)	17.60
KLIC	1.92	(0.02)	0.03	0.08	2.44	(1.92)	4.74	(3.06)	11.34
AMD	2.09	(0.30)	0.00	(0.10)	0.00	0.00	3.96	(4.00)	16.31
ASML	2.08	(0.58)	0.00	(0.36)	0.00	0.00	3.76	(5.38)	22.75
VLN	2.63	(0.13)	0.00	(0.30)	0.00	0.00	6.59	(5.41)	17.48
NRG	1.60	0.19	0.06	0.40	2.19	(1.70)	2.93	(3.98)	12.23

Smurfit WestRock Corporate Management

Saverio Mayer	MEA Europe	Profile
Gillian CarsonCallan	Group Secretary	Profile
Ben Garren	Group Counsel	Profile
Garrett Quinn	Group Officer	Profile
Sharon Whitehead	Chief Officer	Profile

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