Ball Correlations

BALL Stock

USD 57.85 0.22 0.38%

The current 90-days correlation between Ball and Crown Holdings is 0.74 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ball moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ball Corporation moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Ball Correlation With Market

Very weak diversification

The correlation between Ball Corp. 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 Ball Corp. and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Ball Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ball Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Ball Stock

0.64	IP	International Paper	Pair Corr
0.95	OI	O I Glass	Pair Corr
0.72	SW	Smurfit WestRock plc	Pair Corr
0.74	AVY	Avery Dennison Corp Earnings Call This Week	Pair Corr
0.97	CCK	Crown Holdings Earnings Call This Week	Pair Corr
0.92	GEF	Greif Bros	Pair Corr
0.96	MYE	Myers Industries	Pair Corr
0.74	PKG	Packaging Corp Earnings Call This Week	Pair Corr
0.75	SEE	Sealed Air	Pair Corr
0.97	TRS	TriMas	Pair Corr
0.95	AMBP	Ardagh Metal Packaging Earnings Call This Week	Pair Corr
0.83	SLGN	Silgan Holdings	Pair Corr
0.84	MB	MasterBeef Group Ordinary	Pair Corr
0.74	EFOI	Energy Focu	Pair Corr
0.86	F-PB	Ford Motor	Pair Corr
0.91	F-PC	Ford Motor	Pair Corr
0.9	F-PD	F PD	Pair Corr
0.8	WBUY	WEBUY GLOBAL LTD Downward Rally	Pair Corr
0.84	EVRI	Everi Holdings	Pair Corr
0.61	WPRT	Westport Fuel Systems	Pair Corr
0.91	FIGS	Figs Inc	Pair Corr
0.79	AGS	PlayAGS	Pair Corr
0.89	AIN	Albany International	Pair Corr
0.93	CYD	China Yuchai Interna	Pair Corr
0.81	FLL	Full House Resorts	Pair Corr

Moving against Ball Stock

0.8	VIRC	Virco Manufacturing	Pair Corr
0.78	REYN	Reynolds Consumer	Pair Corr
0.65	GPK	Graphic Packaging Holding	Pair Corr
0.82	HRB	HR Block	Pair Corr
0.79	FRSX	Foresight Autonomous	Pair Corr
0.69	KLC	KinderCare Learning	Pair Corr
0.68	JXG	JX Luxventure Limited Symbol Change	Pair Corr
0.58	FUN	Six Flags Entertainment	Pair Corr
0.5	CHA	Chagee Holdings Downward Rally	Pair Corr
0.38	HDL	SUPER HI INTERNATIONAL	Pair Corr

Related Correlations Analysis

	CCK	AMCR	AVY	PKG	SEE	BBWI	DAY	ELV	ALLE
CCK		0.32	0.73	0.68	0.79	0.37	0.19	-0.8	0.88	CCK
AMCR	0.32		0.38	0.71	0.09	0.47	-0.17	-0.41	0.4	AMCR
AVY	0.73	0.38		0.79	0.88	0.44	0.39	-0.63	0.72	AVY
PKG	0.68	0.71	0.79		0.63	0.37	0.12	-0.74	0.66	PKG
SEE	0.79	0.09	0.88	0.63		0.25	0.46	-0.64	0.74	SEE
BBWI	0.37	0.47	0.44	0.37	0.25		0.05	-0.28	0.63	BBWI
DAY	0.19	-0.17	0.39	0.12	0.46	0.05		-0.04	0.28	DAY
ELV	-0.8	-0.41	-0.63	-0.74	-0.64	-0.28	-0.04		-0.74	ELV
ALLE	0.88	0.4	0.72	0.66	0.74	0.63	0.28	-0.74		ALLE
	CCK	AMCR	AVY	PKG	SEE	BBWI	DAY	ELV	ALLE

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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

ALLE	+ 0.88	CCK
SEE	+ 0.88	AVY
SEE	+ 0.79	CCK
PKG	+ 0.79	AVY
ALLE	+ 0.74	SEE
AVY	+ 0.73	CCK

High negative correlations

ELV	- 0.8	CCK
ALLE	- 0.74	ELV
ELV	- 0.74	PKG
ELV	- 0.64	SEE
ELV	- 0.63	AVY
ELV	- 0.41	AMCR

Risk-Adjusted Indicators

There is a big difference between Ball Stock performing well and Ball 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 Ball'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
CCK	0.95	0.23	0.24	0.48	0.37	(1.25)	2.34	(1.45)	9.77
AMCR	1.07	(0.09)	(0.09)	0.02	1.19	(1.21)	2.45	(1.85)	5.88
AVY	1.15	(0.08)	(0.05)	0.06	1.18	(1.33)	2.22	(1.98)	9.09
PKG	1.12	(0.06)	(0.04)	0.07	1.20	(1.25)	2.21	(2.04)	9.41
SEE	1.50	0.11	0.09	0.23	1.22	(1.86)	3.14	(2.17)	9.14
BBWI	2.13	0.00	0.03	0.13	2.39	(2.55)	5.03	(3.55)	14.49
DAY	1.81	(0.12)	(0.02)	0.05	2.31	(1.79)	3.71	(4.21)	12.33
ELV	1.95	(0.81)	0.00	(0.56)	0.00	0.00	2.64	(8.38)	16.42
ALLE	1.07	0.16	0.14	0.28	0.86	(1.17)	2.87	(2.07)	12.63

Ball Corporate Management

Stacey Panayiotou	Senior Officer	Profile
Kathleen Pitre	Senior America	Profile
Charles Baker	Gen VP	Profile
Ronald Lewis	Senior Packaging	Profile
Fauze Villatoro	Senior America	Profile
Brandon Potthoff	Head Relations	Profile

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