Crown Holdings Correlations

CCK Stock

USD 87.89 0.17 0.19%

The current 90-days correlation between Crown Holdings and Amcor PLC is 0.28 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Crown Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Crown Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Crown Holdings Correlation With Market

Very weak diversification

The correlation between Crown Holdings and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Crown Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Crown 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 main economic indicators.

For more information on how to buy Crown Stock please use our How to buy in Crown Stock guide.

Moving together with Crown Stock

0.8	IP	International Paper	Pair Corr
0.87	OI	O I Glass	Pair Corr
0.62	SW	Smurfit WestRock plc	Pair Corr
0.72	GEF	Greif Bros	Pair Corr
0.64	GPK	Graphic Packaging Holding	Pair Corr
0.86	AMCR	Amcor PLC	Pair Corr
0.86	SLGN	Silgan Holdings	Pair Corr
0.78	BERY	Berry Global Group	Pair Corr
0.76	VIRC	Virco Manufacturing	Pair Corr
0.78	WPRT	Westport Fuel Systems	Pair Corr
0.62	GHG	GreenTree Hospitality	Pair Corr
0.75	HBB	Hamilton Beach Brands Earnings Call This Week	Pair Corr

Moving against Crown Stock

0.59	PTVE	Pactiv Evergreen	Pair Corr
0.81	HDL	SUPER HI INTERNATIONAL	Pair Corr
0.69	FIGS	Figs Inc	Pair Corr
0.44	IPW	iPower Inc	Pair Corr

Related Correlations Analysis

	AMCR	AVY	PKG	SEE	GEF	OI	SLGN	SON	REYN	MYE
AMCR		0.49	0.15	0.44	0.68	0.87	0.85	0.4	-0.09	0.23	AMCR
AVY	0.49		0.87	0.84	0.89	0.52	0.6	0.85	0.67	0.01	AVY
PKG	0.15	0.87		0.72	0.69	0.2	0.22	0.72	0.74	-0.1	PKG
SEE	0.44	0.84	0.72		0.82	0.54	0.6	0.84	0.7	0.41	SEE
GEF	0.68	0.89	0.69	0.82		0.76	0.78	0.87	0.54	0.14	GEF
OI	0.87	0.52	0.2	0.54	0.76		0.85	0.46	0.12	0.23	OI
SLGN	0.85	0.6	0.22	0.6	0.78	0.85		0.57	0.24	0.29	SLGN
SON	0.4	0.85	0.72	0.84	0.87	0.46	0.57		0.7	0.21	SON
REYN	-0.09	0.67	0.74	0.7	0.54	0.12	0.24	0.7		0.08	REYN
MYE	0.23	0.01	-0.1	0.41	0.14	0.23	0.29	0.21	0.08		MYE
	AMCR	AVY	PKG	SEE	GEF	OI	SLGN	SON	REYN	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

GEF	+ 0.89	AVY
OI	+ 0.87	AMCR
PKG	+ 0.87	AVY
SON	+ 0.87	GEF
SLGN	+ 0.85	AMCR
SON	+ 0.85	AVY

High negative correlations

MYE	- 0.1	PKG
REYN	- 0.09	AMCR

Risk-Adjusted Indicators

There is a big difference between Crown Stock performing well and Crown 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 Crown 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
AMCR	0.90	0.07	0.07	0.08	0.92	(1.18)	1.89	(1.67)	7.58
AVY	0.95	(0.08)	0.00	(0.15)	0.00	0.00	1.68	(1.94)	8.04
PKG	0.84	(0.16)	0.00	(0.21)	0.00	0.00	1.38	(1.63)	12.20
SEE	1.14	(0.04)	0.00	(0.05)	0.00	0.00	1.99	(1.98)	5.49
GEF	1.10	(0.14)	0.00	(0.14)	0.00	0.00	1.72	(2.32)	8.73
OI	1.75	(0.07)	0.00	(0.06)	0.00	0.00	3.78	(4.00)	9.80
SLGN	0.91	0.02	0.02	0.02	1.07	(0.96)	1.66	(1.92)	7.24
SON	1.01	(0.05)	0.00	(0.07)	0.00	0.00	1.97	(2.04)	6.75
REYN	1.08	(0.15)	0.00	(0.73)	0.00	0.00	1.73	(2.47)	8.71
MYE	1.99	0.04	0.02	0.05	2.50	(2.09)	3.75	(4.63)	13.99

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