Silgan Holdings Correlations

SLGN Stock

USD 49.77 0.58 1.15%

The current 90-days correlation between Silgan Holdings and Pactiv Evergreen is 0.02 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Silgan Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Silgan Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Silgan Holdings Correlation With Market

Very weak diversification

The correlation between Silgan Holdings and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Silgan Holdings 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 Silgan 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 price.

To learn how to invest in Silgan Stock, please use our How to Invest in Silgan Holdings guide.

Moving together with Silgan Stock

0.67	IP	International Paper	Pair Corr
0.69	SW	Smurfit WestRock plc	Pair Corr
0.62	GEF	Greif Bros	Pair Corr
0.7	KRT	Karat Packaging	Pair Corr
0.64	SEE	Sealed Air	Pair Corr
0.62	PACK	Ranpak Holdings Corp	Pair Corr
0.79	WH	Wyndham Hotels Resorts	Pair Corr
0.63	DKNG	DraftKings	Pair Corr
0.68	VIRC	Virco Manufacturing	Pair Corr

Moving against Silgan Stock

0.65	ZK	ZEEKR Intelligent	Pair Corr
0.53	VIOT	Viomi Technology ADR Earnings Call This Week	Pair Corr

Related Correlations Analysis

	PTVE	MYE	SON	AVY	GEF	KRT	REYN	OI	PKG
PTVE		0.2	-0.64	-0.54	-0.59	-0.01	-0.71	0.65	-0.69	PTVE
MYE	0.2		0.14	-0.19	0.07	0.17	-0.07	0.53	-0.25	MYE
SON	-0.64	0.14		0.63	0.65	0.44	0.62	-0.12	0.54	SON
AVY	-0.54	-0.19	0.63		0.63	0.33	0.71	-0.43	0.86	AVY
GEF	-0.59	0.07	0.65	0.63		0.61	0.72	-0.14	0.69	GEF
KRT	-0.01	0.17	0.44	0.33	0.61		0.23	0.28	0.2	KRT
REYN	-0.71	-0.07	0.62	0.71	0.72	0.23		-0.42	0.78	REYN
OI	0.65	0.53	-0.12	-0.43	-0.14	0.28	-0.42		-0.62	OI
PKG	-0.69	-0.25	0.54	0.86	0.69	0.2	0.78	-0.62		PKG
	PTVE	MYE	SON	AVY	GEF	KRT	REYN	OI	PKG

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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

PKG	+ 0.86	AVY
PKG	+ 0.78	REYN
REYN	+ 0.72	GEF
REYN	+ 0.71	AVY
PKG	+ 0.69	GEF
OI	+ 0.65	PTVE

High negative correlations

REYN	- 0.71	PTVE
PKG	- 0.69	PTVE
SON	- 0.64	PTVE
PKG	- 0.62	OI
GEF	- 0.59	PTVE
AVY	- 0.54	PTVE

Risk-Adjusted Indicators

There is a big difference between Silgan Stock performing well and Silgan 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 Silgan 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
PTVE	0.17	0.04	0.52	(9.70)	0.00	(0.22)	0.52	(0.34)	1.65
MYE	2.28	0.14	0.06	0.39	2.84	(2.63)	3.70	(4.70)	30.65
SON	1.16	(0.05)	0.00	(0.12)	0.00	0.00	2.79	(2.77)	6.75
AVY	1.02	(0.12)	0.00	(0.29)	0.00	0.00	1.60	(2.41)	7.69
GEF	1.35	(0.15)	0.00	(0.20)	0.00	0.00	1.86	(3.05)	10.27
KRT	1.57	(0.03)	0.00	(0.10)	0.00	0.00	3.62	(3.58)	9.02
REYN	1.23	(0.23)	0.00	18.63	0.00	0.00	1.73	(3.17)	8.61
OI	2.09	0.06	0.05	(0.32)	2.74	(1.95)	4.38	(4.13)	14.32
PKG	1.03	(0.19)	0.00	(0.26)	0.00	0.00	1.53	(2.67)	11.56

Silgan Holdings Corporate Executives

Elected by the shareholders, the Silgan Holdings' board of directors comprises two types of representatives: Silgan Holdings inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Silgan. The board's role is to monitor Silgan Holdings' management team and ensure that shareholders' interests are well served. Silgan Holdings' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Silgan Holdings' outside directors are responsible for providing unbiased perspectives on the board's policies.

Robert Lewis	CFO and Executive VP	Profile
Adam Greenlee	COO and Executive VP	Profile
Philippe Chevrier	Executive COO	Profile

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