Sealed Air Correlations

SEE Stock

USD 29.82 0.04 0.13%

The current 90-days correlation between Sealed Air and Avery Dennison Corp is 0.35 (i.e., Weak diversification). The correlation of Sealed Air 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.

Sealed Air Correlation With Market

Poor diversification

The correlation between Sealed Air and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sealed Air 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 Sealed Air. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

For information on how to trade Sealed Stock refer to our How to Trade Sealed Stock guide.

Moving together with Sealed Stock

0.7	IP	International Paper	Pair Corr
0.84	SW	Smurfit WestRock plc	Pair Corr
0.73	AVY	Avery Dennison Corp	Pair Corr
0.88	GEF	Greif Bros	Pair Corr
0.65	GPK	Graphic Packaging Holding	Pair Corr
0.8	PKG	Packaging Corp	Pair Corr
0.65	SON	Sonoco Products	Pair Corr
0.64	SLGN	Silgan Holdings	Pair Corr
0.62	VIRC	Virco Manufacturing	Pair Corr
0.86	F-PB	Ford Motor	Pair Corr
0.87	F-PC	Ford Motor	Pair Corr
0.9	F-PD	F PD	Pair Corr
0.73	FIGS	Figs Inc	Pair Corr
0.82	AIN	Albany International	Pair Corr
0.74	DMN	Damon Common Stock	Pair Corr
0.8	ECG	Everus Construction	Pair Corr
0.9	HNI	HNI Corp	Pair Corr
0.76	IPW	iPower Inc	Pair Corr

Moving against Sealed Stock

0.66	EFOI	Energy Focu Earnings Call Today	Pair Corr
0.53	PTVE	Pactiv Evergreen	Pair Corr
0.4	BERY	Berry Global Group	Pair Corr
0.77	CYD	China Yuchai Interna Downward Rally	Pair Corr
0.74	VRM	Vroom, Common Stock	Pair Corr
0.49	ROL	Rollins	Pair Corr
0.34	FATBP	FAT Brands	Pair Corr
0.33	ZKH	ZKH Group Limited	Pair Corr

Related Correlations Analysis

	WRK	AVY	IP	SON	PKG	REYN	BALL	CCK	MYE
WRK		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	WRK
AVY	0.0		0.47	0.74	0.84	0.76	0.77	-0.12	-0.05	AVY
IP	0.0	0.47		0.22	0.55	0.4	0.16	0.13	-0.09	IP
SON	0.0	0.74	0.22		0.61	0.7	0.77	-0.03	0.16	SON
PKG	0.0	0.84	0.55	0.61		0.82	0.7	-0.45	-0.18	PKG
REYN	0.0	0.76	0.4	0.7	0.82		0.85	-0.4	-0.03	REYN
BALL	0.0	0.77	0.16	0.77	0.7	0.85		-0.23	0.06	BALL
CCK	0.0	-0.12	0.13	-0.03	-0.45	-0.4	-0.23		0.55	CCK
MYE	0.0	-0.05	-0.09	0.16	-0.18	-0.03	0.06	0.55		MYE
	WRK	AVY	IP	SON	PKG	REYN	BALL	CCK	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

BALL	+ 0.85	REYN
PKG	+ 0.84	AVY
REYN	+ 0.82	PKG
BALL	+ 0.77	AVY
BALL	+ 0.77	SON
REYN	+ 0.76	AVY

High negative correlations

CCK	- 0.45	PKG
CCK	- 0.4	REYN
CCK	- 0.23	BALL
MYE	- 0.18	PKG
CCK	- 0.12	AVY
MYE	- 0.09	IP

Risk-Adjusted Indicators

There is a big difference between Sealed Stock performing well and Sealed Air 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 Sealed Air'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
WRK	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AVY	1.03	(0.11)	0.00	(0.28)	0.00	0.00	1.60	(2.41)	7.69
IP	1.35	0.03	0.00	(0.06)	0.00	0.00	2.55	(2.88)	10.71
SON	1.14	(0.02)	0.00	(0.12)	0.00	0.00	2.79	(2.77)	6.75
PKG	1.03	(0.16)	0.00	(0.25)	0.00	0.00	1.53	(2.67)	11.56
REYN	1.22	(0.24)	0.00	(1.21)	0.00	0.00	1.73	(3.17)	8.61
BALL	1.15	(0.09)	0.00	(0.27)	0.00	0.00	2.39	(2.72)	9.70
CCK	1.13	0.13	0.11	0.05	1.27	(1.18)	2.61	(1.97)	7.55
MYE	2.33	0.23	0.08	0.24	2.79	(2.73)	3.77	(4.70)	30.50

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