Greif Bros Correlations

GEF Stock  USD 65.83  0.06  0.09%   
The current 90-days correlation between Greif Bros and Greif Inc is -0.02 (i.e., Good diversification). The correlation of Greif Bros 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.

Greif Bros Correlation With Market

Weak diversification

The correlation between Greif Bros and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Greif Bros and DJI in the same portfolio, assuming nothing else is changed.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Greif Bros. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
For more detail on how to invest in Greif Stock please use our How to Invest in Greif Bros guide.

Moving together with Greif Stock

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  0.87TRS TriMasPairCorr
  0.86AMBP Ardagh Metal Packaging Earnings Call This WeekPairCorr
  0.62SLGN Silgan HoldingsPairCorr
  0.92BALL BallPairCorr
  0.87MB MasterBeef Group OrdinaryPairCorr
  0.7EFOI Energy FocuPairCorr
  0.81F-PB Ford MotorPairCorr
  0.84F-PC Ford MotorPairCorr
  0.84F-PD F PDPairCorr
  0.78FIGS Figs IncPairCorr
  0.86AIN Albany InternationalPairCorr
  0.93CYD China Yuchai InternaPairCorr
  0.7FLL Full House ResortsPairCorr

Moving against Greif Stock

  0.79REYN Reynolds ConsumerPairCorr
  0.64VIRC Virco ManufacturingPairCorr
  0.55GPK Graphic Packaging HoldingPairCorr
  0.86KLC KinderCare LearningPairCorr
  0.79FRSX Foresight AutonomousPairCorr
  0.77FUN Six Flags EntertainmentPairCorr
  0.76HRB HR BlockPairCorr
  0.71JXG JX Luxventure Limited Symbol ChangePairCorr
  0.69CHA Chagee Holdings Downward RallyPairCorr
  0.62HDL SUPER HI INTERNATIONALPairCorr
  0.33IVP Inspire VeterinaryPairCorr

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   
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OISLGN
SLGNMYE
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High negative correlations   
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GPKSLGN
GPKGEF-B
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Risk-Adjusted Indicators

There is a big difference between Greif Stock performing well and Greif Bros 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 Greif Bros' 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.