Crown Holdings Correlations

CCK Stock

USD 90.74 0.63 0.69%

The current 90-days correlation between Crown Holdings and Ball Corporation is 0.45 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Crown Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Crown Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Crown Holdings Correlation With Market

Weak diversification

The correlation between Crown Holdings and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Crown Holdings and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Crown Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Crown 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 population.

For more information on how to buy Crown Stock please use our How to buy in Crown Stock guide.

Moving together with Crown Stock

0.87	OI	O I Glass	Pair Corr
0.81	ATR	AptarGroup	Pair Corr
0.83	GEF	Greif Bros	Pair Corr
0.64	PCTTW	PureCycle Technologies	Pair Corr
0.68	BKNG	Booking Holdings	Pair Corr
0.66	10554TAE5	BRASKM 5875 31	Pair Corr

Moving against Crown Stock

0.74	ATCOL	Atlas Corp	Pair Corr
0.69	RBGPF	Reckitt Benckiser	Pair Corr
0.68	PSGTF	PT Semen Indonesia	Pair Corr
0.66	BRK-A	Berkshire Hathaway	Pair Corr
0.61	MYE	Myers Industries	Pair Corr
0.47	NVR	NVR Inc	Pair Corr
0.83	TERN	Terns Pharmaceuticals	Pair Corr
0.81	PBT	Permian Basin Royalty	Pair Corr
0.81	RL	Ralph Lauren Corp	Pair Corr
0.68	MU	Micron Technology	Pair Corr
0.67	SLVDF	Silver Dollar Resources	Pair Corr
0.67	WHLRD	Wheeler Real Estate	Pair Corr
0.67	SWKHL	SWK Holdings	Pair Corr
0.66	EA	Electronic Arts Sell-off Trend	Pair Corr
0.64	CBRE	CBRE Group Class	Pair Corr
0.63	ISBA	Isabella Bank	Pair Corr
0.63	AFRI	Forafric Global PLC	Pair Corr
0.59	BFLBF	Bilfinger SE	Pair Corr
0.88	CDR-PC	Cedar Realty Trust	Pair Corr
0.88	HPTO	hopTo Inc	Pair Corr
0.82	PNFPP	Pinnacle Financial Earnings Call Tomorrow	Pair Corr
0.81	KFFB	Kentucky First Federal Downward Rally	Pair Corr
0.79	CET	Central Securities	Pair Corr
0.72	ACKRF	American Creek Resources	Pair Corr

Related Correlations Analysis

	BALL	GPK	SLGN	SON	REYN	OI	SEE	ATR	PKG
BALL		0.81	0.91	0.37	-0.8	0.8	-0.69	0.94	-0.62	BALL
GPK	0.81		0.71	0.65	-0.67	0.61	-0.79	0.72	-0.58	GPK
SLGN	0.91	0.71		0.39	-0.77	0.89	-0.51	0.95	-0.41	SLGN
SON	0.37	0.65	0.39		-0.42	0.44	-0.33	0.4	-0.01	SON
REYN	-0.8	-0.67	-0.77	-0.42		-0.69	0.77	-0.77	0.65	REYN
OI	0.8	0.61	0.89	0.44	-0.69		-0.36	0.83	-0.28	OI
SEE	-0.69	-0.79	-0.51	-0.33	0.77	-0.36		-0.56	0.83	SEE
ATR	0.94	0.72	0.95	0.4	-0.77	0.83	-0.56		-0.46	ATR
PKG	-0.62	-0.58	-0.41	-0.01	0.65	-0.28	0.83	-0.46		PKG
	BALL	GPK	SLGN	SON	REYN	OI	SEE	ATR	PKG

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

ATR	+ 0.95	SLGN
ATR	+ 0.94	BALL
SLGN	+ 0.91	BALL
OI	+ 0.89	SLGN
ATR	+ 0.83	OI
PKG	+ 0.83	SEE

High negative correlations

REYN	- 0.8	BALL
SEE	- 0.79	GPK
ATR	- 0.77	REYN
REYN	- 0.77	SLGN
OI	- 0.69	REYN
SEE	- 0.69	BALL

Risk-Adjusted Indicators

There is a big difference between Crown Stock performing well and Crown 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 Crown 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
BALL	1.01	(0.34)	0.00	(0.38)	0.00	0.00	2.10	(2.50)	8.66
GPK	1.34	(0.40)	0.00	(0.32)	0.00	0.00	2.79	(3.42)	9.07
SLGN	1.13	(0.42)	0.00	(0.31)	0.00	0.00	1.94	(1.79)	17.18
SON	1.15	(0.27)	0.00	(0.19)	0.00	0.00	2.17	(2.15)	8.65
REYN	1.19	0.10	0.07	0.12	1.28	(1.31)	2.62	(2.13)	8.55
OI	1.69	(0.45)	0.00	(0.22)	0.00	0.00	2.93	(3.57)	15.08
SEE	1.38	0.03	0.03	0.04	1.53	(1.41)	3.34	(2.28)	8.12
ATR	0.88	(0.30)	0.00	(0.29)	0.00	0.00	1.41	(2.05)	12.44
PKG	1.07	(0.01)	(0.01)	0.01	1.21	(1.16)	1.94	(2.12)	8.13

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