Greif Correlations

GEF-B Stock

USD 60.61 0.30 0.50%

The current 90-days correlation between Greif Inc and Pactiv Evergreen is -0.03 (i.e., Good diversification). The correlation of Greif 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.

Greif Correlation With Market

Very weak diversification

The correlation between Greif Inc and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Greif Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Greif Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Greif Stock

0.81	AVY	Avery Dennison Corp	Pair Corr
0.89	GEF	Greif Bros	Pair Corr
0.86	GPK	Graphic Packaging Holding	Pair Corr
0.68	PKG	Packaging Corp	Pair Corr
0.94	SON	Sonoco Products	Pair Corr
0.83	TRS	TriMas	Pair Corr
0.67	REYN	Reynolds Consumer	Pair Corr
0.9	AMBP	Ardagh Metal Packaging	Pair Corr
0.85	BALL	Ball	Pair Corr
0.63	M	Macys Inc Earnings Call This Week	Pair Corr
0.64	W	Wayfair	Pair Corr
0.9	UA	Under Armour C	Pair Corr

Moving against Greif Stock

0.74	PTVE	Pactiv Evergreen	Pair Corr
0.84	EM	Smart Share Global	Pair Corr
0.78	AS	Amer Sports,	Pair Corr
0.62	EBAY	eBay Inc	Pair Corr
0.61	WH	Wyndham Hotels Resorts	Pair Corr
0.6	SN	SharkNinja,	Pair Corr
0.56	VNCE	Vince Holding Corp	Pair Corr
0.39	TM	Toyota Motor	Pair Corr
0.38	AN	AutoNation	Pair Corr
0.33	VIPS	Vipshop Holdings	Pair Corr

Related Correlations Analysis

	PTVE	MYE	SLGN	SON	AVY	GEF	REYN	SEE	CCDBF
PTVE		-0.11	-0.47	-0.63	-0.72	-0.77	-0.37	-0.46	-0.79	PTVE
MYE	-0.11		0.5	0.39	0.23	0.52	0.24	0.39	0.07	MYE
SLGN	-0.47	0.5		0.45	0.44	0.65	0.12	0.52	0.51	SLGN
SON	-0.63	0.39	0.45		0.81	0.86	0.68	0.76	0.77	SON
AVY	-0.72	0.23	0.44	0.81		0.82	0.66	0.76	0.85	AVY
GEF	-0.77	0.52	0.65	0.86	0.82		0.55	0.59	0.76	GEF
REYN	-0.37	0.24	0.12	0.68	0.66	0.55		0.46	0.51	REYN
SEE	-0.46	0.39	0.52	0.76	0.76	0.59	0.46		0.58	SEE
CCDBF	-0.79	0.07	0.51	0.77	0.85	0.76	0.51	0.58		CCDBF
	PTVE	MYE	SLGN	SON	AVY	GEF	REYN	SEE	CCDBF

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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	+ 0.86	SON
CCDBF	+ 0.85	AVY
GEF	+ 0.82	AVY
AVY	+ 0.81	SON
CCDBF	+ 0.77	SON
SEE	+ 0.76	SON

High negative correlations

CCDBF	- 0.79	PTVE
GEF	- 0.77	PTVE
AVY	- 0.72	PTVE
SON	- 0.63	PTVE
SLGN	- 0.47	PTVE
SEE	- 0.46	PTVE

Risk-Adjusted Indicators

There is a big difference between Greif Stock performing well and Greif 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 Greif'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PTVE	0.86	0.47	2.06	80.13	(1.03)	1.20	(0.34)	18.83
MYE	1.92	(0.10)	0.00	(0.14)	0.00	3.66	(4.63)	13.99
SLGN	0.94	(0.07)	0.00	(0.13)	0.00	1.62	(2.01)	7.31
SON	1.03	(0.10)	0.00	(0.13)	0.00	2.23	(2.04)	6.75
AVY	0.93	(0.14)	0.00	(0.28)	0.00	1.59	(1.94)	7.69
GEF	1.24	(0.32)	0.00	(0.29)	0.00	1.54	(2.34)	10.27
REYN	1.16	(0.19)	0.00	(0.89)	0.00	1.73	(2.47)	8.71
SEE	1.19	(0.03)	0.00	(0.05)	0.00	2.06	(1.98)	7.64
CCDBF	0.98	(0.15)	0.00	(1.03)	0.00	2.22	(2.30)	6.22

Greif Corporate Management

Timothy Bergwall	Senior Officer	Profile
Douglas Lingrel	VP Officer	Profile
Matthew Eichmann	Chief Officer	Profile
Kimberly Kellermann	Senior Group	Profile

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