Graphic Packaging Correlations

GPK Stock

USD 25.27 0.06 0.24%

The current 90-days correlation between Graphic Packaging Holding and Ball Corporation is 0.64 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Graphic Packaging moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Graphic Packaging Holding moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Graphic Packaging Correlation With Market

Weak diversification

The correlation between Graphic Packaging Holding and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Graphic Packaging Holding 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 Graphic Packaging Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Graphic Stock

0.79	AVY	Avery Dennison Corp	Pair Corr
0.66	GEF	Greif Bros	Pair Corr
0.64	PKG	Packaging Corp	Pair Corr
0.67	SEE	Sealed Air	Pair Corr
0.7	BALL	Ball	Pair Corr
0.61	F-PD	F PD	Pair Corr

Moving against Graphic Stock

0.41	PTVE	Pactiv Evergreen	Pair Corr
0.36	OI	O I Glass	Pair Corr
0.36	EFOI	Energy Focu	Pair Corr
0.32	DRVN	Driven Brands Holdings	Pair Corr
0.43	CYD	China Yuchai Interna	Pair Corr
0.4	DSS	DSS Inc	Pair Corr

Related Correlations Analysis

	BALL	SLGN	SON	REYN	MYE	KRT	SEE	WRK	AVY
BALL		0.07	0.66	0.83	-0.08	0.03	0.47	0.0	0.74	BALL
SLGN	0.07		0.19	0.35	-0.11	0.7	0.66	0.0	0.35	SLGN
SON	0.66	0.19		0.61	0.06	0.28	0.46	0.0	0.51	SON
REYN	0.83	0.35	0.61		-0.18	0.19	0.78	0.0	0.79	REYN
MYE	-0.08	-0.11	0.06	-0.18		0.09	-0.26	0.0	-0.26	MYE
KRT	0.03	0.7	0.28	0.19	0.09		0.48	0.0	0.28	KRT
SEE	0.47	0.66	0.46	0.78	-0.26	0.48		0.0	0.71	SEE
WRK	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	WRK
AVY	0.74	0.35	0.51	0.79	-0.26	0.28	0.71	0.0		AVY
	BALL	SLGN	SON	REYN	MYE	KRT	SEE	WRK	AVY

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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

REYN	+ 0.83	BALL
AVY	+ 0.79	REYN
SEE	+ 0.78	REYN
AVY	+ 0.74	BALL
AVY	+ 0.71	SEE
KRT	+ 0.7	SLGN

High negative correlations

AVY	- 0.26	MYE
SEE	- 0.26	MYE
MYE	- 0.18	REYN
MYE	- 0.11	SLGN
MYE	- 0.08	BALL
AVY	- 0.0	WRK

Risk-Adjusted Indicators

There is a big difference between Graphic Stock performing well and Graphic Packaging 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 Graphic Packaging'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
BALL	1.15	(0.20)	0.00	(0.36)	0.00	0.00	2.39	(2.72)	9.70
SLGN	1.08	(0.10)	0.00	(0.11)	0.00	0.00	1.65	(2.55)	8.24
SON	1.17	(0.11)	0.00	(0.12)	0.00	0.00	2.79	(2.77)	6.75
REYN	1.23	(0.26)	0.00	(1.12)	0.00	0.00	1.73	(3.17)	8.61
MYE	2.27	0.04	0.01	0.05	2.86	(2.64)	3.70	(4.70)	31.87
KRT	1.56	(0.14)	0.00	(0.12)	0.00	0.00	3.62	(3.58)	9.02
SEE	1.31	(0.28)	0.00	(0.19)	0.00	0.00	2.56	(3.43)	10.62
WRK	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AVY	1.03	(0.12)	0.00	0.73	0.00	0.00	1.60	(2.41)	7.69

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