Sonoco Products Correlations

SON Stock

USD 47.83 0.56 1.16%

The current 90-days correlation between Sonoco Products and AptarGroup is -0.01 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sonoco Products moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sonoco Products moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Sonoco Products Correlation With Market

Significant diversification

The correlation between Sonoco Products and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sonoco Products 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 Sonoco Products. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

To learn how to invest in Sonoco Stock, please use our How to Invest in Sonoco Products guide.

Moving against Sonoco Stock

0.42	EM	Smart Share Global	Pair Corr
0.34	LI	Li Auto	Pair Corr
0.32	BERY	Berry Global Group	Pair Corr
0.31	PTVE	Pactiv Evergreen	Pair Corr

Related Correlations Analysis

	ATR	SLGN	RPM	PKG	SCL
ATR		-0.07	0.74	0.3	0.79	ATR
SLGN	-0.07		0.3	0.15	0.04	SLGN
RPM	0.74	0.3		0.27	0.79	RPM
PKG	0.3	0.15	0.27		0.17	PKG
SCL	0.79	0.04	0.79	0.17		SCL
	ATR	SLGN	RPM	PKG	SCL

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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

SCL	+ 0.79	ATR
SCL	+ 0.79	RPM
RPM	+ 0.74	ATR
PKG	+ 0.3	ATR
RPM	+ 0.3	SLGN
PKG	+ 0.27	RPM

High negative correlations

SLGN

- 0.07

ATR

Risk-Adjusted Indicators

There is a big difference between Sonoco Stock performing well and Sonoco Products 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 Sonoco Products' 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
ATR	0.95	(0.19)	(0.31)	1.46	(1.87)	10.88
SLGN	1.09	0.00	0.00	1.65	(2.48)	8.24
RPM	1.02	(0.17)	(0.28)	1.73	(2.25)	5.54
PKG	1.05	(0.23)	1.36	1.53	(2.67)	11.56
SCL	1.47	(0.26)	(0.32)	2.69	(3.51)	8.92

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