Karat Packaging Correlations

KRT Stock

USD 28.55 0.51 1.75%

The current 90-days correlation between Karat Packaging and Myers Industries is -0.04 (i.e., Good diversification). The correlation of Karat Packaging 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.

Karat Packaging Correlation With Market

Very weak diversification

The correlation between Karat Packaging and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Karat Packaging and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Karat Packaging. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more information on how to buy Karat Stock please use our How to Invest in Karat Packaging guide.

Moving together with Karat Stock

0.61	GEF	Greif Bros	Pair Corr
0.7	SLGN	Silgan Holdings	Pair Corr
0.8	VIRC	Virco Manufacturing	Pair Corr

Related Correlations Analysis

	GEF	REYN	SLGN	OI	MYE	SEE	GPK	BALL	SON
GEF		0.72	0.62	-0.14	0.07	0.88	0.65	0.46	0.65	GEF
REYN	0.72		0.32	-0.42	-0.07	0.78	0.7	0.84	0.62	REYN
SLGN	0.62	0.32		0.22	-0.03	0.64	0.39	0.05	0.28	SLGN
OI	-0.14	-0.42	0.22		0.53	-0.28	-0.11	-0.36	-0.12	OI
MYE	0.07	-0.07	-0.03	0.53		-0.17	0.26	0.04	0.14	MYE
SEE	0.88	0.78	0.64	-0.28	-0.17		0.58	0.47	0.53	SEE
GPK	0.65	0.7	0.39	-0.11	0.26	0.58		0.76	0.67	GPK
BALL	0.46	0.84	0.05	-0.36	0.04	0.47	0.76		0.69	BALL
SON	0.65	0.62	0.28	-0.12	0.14	0.53	0.67	0.69		SON
	GEF	REYN	SLGN	OI	MYE	SEE	GPK	BALL	SON

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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

SEE	+ 0.88	GEF
BALL	+ 0.84	REYN
SEE	+ 0.78	REYN
BALL	+ 0.76	GPK
REYN	+ 0.72	GEF
GPK	+ 0.7	REYN

High negative correlations

OI	- 0.42	REYN
BALL	- 0.36	OI
SEE	- 0.28	OI
SEE	- 0.17	MYE
OI	- 0.14	GEF
SON	- 0.12	OI

Risk-Adjusted Indicators

There is a big difference between Karat Stock performing well and Karat 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 Karat 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
GEF	1.35	(0.15)	0.00	(0.20)	0.00	0.00	1.86	(3.05)	10.27
REYN	1.23	(0.23)	0.00	18.63	0.00	0.00	1.73	(3.17)	8.61
SLGN	1.09	(0.06)	0.00	(0.13)	0.00	0.00	1.65	(2.55)	8.24
OI	2.09	0.06	0.05	(0.32)	2.74	(1.95)	4.38	(4.13)	14.32
MYE	2.28	0.14	0.06	0.39	2.84	(2.63)	3.70	(4.70)	30.65
SEE	1.28	(0.20)	0.00	(0.23)	0.00	0.00	2.56	(3.43)	10.62
GPK	1.11	(0.21)	0.00	0.67	0.00	0.00	2.05	(2.51)	8.16
BALL	1.14	(0.18)	0.00	0.34	0.00	0.00	2.39	(2.72)	9.70
SON	1.16	(0.05)	0.00	(0.12)	0.00	0.00	2.79	(2.77)	6.75

Karat Packaging Corporate Management

Marvin Cheng	VP Secretary	Profile
Daniel Quire	Director Sales	Profile
Jian Guo	Chief Officer	Profile
Alan Yu	Chairman CEO	Profile
Joanne Wang	COO Director	Profile

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