Smurfit WestRock Correlations

Stocks . USA . 
Stock . Smurfit WestRock plc
SW Stock   44.21  1.50  3.28%   
The current 90-days correlation between Smurfit WestRock plc and Discover Financial Services is 0.54 (i.e., Very weak diversification). The correlation of Smurfit WestRock 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.

Smurfit WestRock Correlation With Market

Very weak diversification

The correlation between Smurfit WestRock plc 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 Smurfit WestRock plc 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 Smurfit WestRock plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with Smurfit Stock

  0.8IP International PaperPairCorr
  0.83GEF Greif BrosPairCorr
  0.69PKG Packaging CorpPairCorr
  0.89SEE Sealed AirPairCorr
  0.71OCTO Eightco HoldingsPairCorr
  0.61PACK Ranpak Holdings CorpPairCorr
  0.7SLGN Silgan HoldingsPairCorr
  0.73F-PB Ford MotorPairCorr
  0.76F-PC Ford MotorPairCorr
  0.84F-PD F PDPairCorr
  0.78FIGS Figs IncPairCorr
  0.9AIN Albany InternationalPairCorr
  0.67DMN Damon Common StockPairCorr
  0.7ECG Everus ConstructionPairCorr
  0.93FTDR FrontdoorPairCorr

Moving against Smurfit Stock

  0.56EFOI Energy FocuPairCorr
  0.41PTVE Pactiv EvergreenPairCorr
  0.41DRVN Driven Brands HoldingsPairCorr
  0.35BERY Berry Global GroupPairCorr
  0.34CCK Crown HoldingsPairCorr
  0.33MYE Myers IndustriesPairCorr
  0.31OI O I GlassPairCorr
  0.66CYD China Yuchai InternaPairCorr

Related Correlations Analysis

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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   
SHLLF
+ 0.78
NBR
SHLLF
+ 0.54
AROW
ALDF
+ 0.52
PT
AROW
+ 0.39
NBR
NBR
+ 0.28
DFS
SHLLF
+ 0.23
DFS
  
High negative correlations   
SHLLF
- 0.9
ALDF
NBR
- 0.77
ALDF
AROW
- 0.67
ALDF
AROW
- 0.53
PT
SPNT
- 0.36
DFS
SHLLF
- 0.34
PT

Risk-Adjusted Indicators

There is a big difference between Smurfit Stock performing well and Smurfit WestRock 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 Smurfit WestRock'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.

Smurfit WestRock Corporate Management

Saverio MayerMEA EuropeProfile
Gillian CarsonCallanGroup SecretaryProfile
Emer MurnaneGroup TreasurerProfile
Ben GarrenGroup CounselProfile
Garrett QuinnGroup OfficerProfile
Sharon WhiteheadChief OfficerProfile
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