Karat Packaging Correlations

KRT Stock

USD 28.86 0.27 0.93%

The current 90-days correlation between Karat Packaging and LB Foster is 0.38 (i.e., Weak diversification). The correlation of Karat Packaging 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.

Karat Packaging Correlation With Market

Very weak diversification

The correlation between Karat Packaging and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Karat Packaging and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Karat Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Karat Packaging. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more information on how to buy Karat Stock please use our How to Invest in Karat Packaging guide.

Moving together with Karat Stock

0.66	SW	Smurfit WestRock plc	Pair Corr
0.78	AVY	Avery Dennison Corp	Pair Corr
0.65	CCK	Crown Holdings	Pair Corr
0.87	SEE	Sealed Air	Pair Corr
0.64	TRS	TriMas	Pair Corr
0.71	OCTO	Eightco Holdings	Pair Corr
0.66	AMBP	Ardagh Metal Packaging	Pair Corr
0.75	SLGN	Silgan Holdings	Pair Corr
0.82	DRVN	Driven Brands Holdings	Pair Corr
0.74	WBUY	WEBUY GLOBAL LTD Trending	Pair Corr
0.67	EVRI	Everi Holdings	Pair Corr

Moving against Karat Stock

0.64	VIRC	Virco Manufacturing	Pair Corr
0.47	GPK	Graphic Packaging Holding	Pair Corr
0.4	PACK	Ranpak Holdings Corp	Pair Corr
0.4	REYN	Reynolds Consumer	Pair Corr
0.65	LEE	Lee Enterprises	Pair Corr
0.48	GHG	GreenTree Hospitality	Pair Corr
0.39	FRSX	Foresight Autonomous	Pair Corr

Related Correlations Analysis

	FSTR	SE	ABG	UVSP	BWFG	RERE	SPNT	APAM
FSTR		0.09	0.67	0.41	0.38	0.7	0.22	0.42	FSTR
SE	0.09		0.59	0.74	0.88	0.47	0.91	0.81	SE
ABG	0.67	0.59		0.64	0.74	0.78	0.67	0.79	ABG
UVSP	0.41	0.74	0.64		0.91	0.61	0.8	0.78	UVSP
BWFG	0.38	0.88	0.74	0.91		0.63	0.89	0.87	BWFG
RERE	0.7	0.47	0.78	0.61	0.63		0.63	0.84	RERE
SPNT	0.22	0.91	0.67	0.8	0.89	0.63		0.9	SPNT
APAM	0.42	0.81	0.79	0.78	0.87	0.84	0.9		APAM
	FSTR	SE	ABG	UVSP	BWFG	RERE	SPNT	APAM

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Risk-Adjusted Indicators

There is a big difference between Karat Stock performing well and Karat Packaging 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 Karat Packaging'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
FSTR	1.93	0.18	0.07	0.24	2.62	(2.05)	4.35	(3.94)	18.32
SE	2.20	0.13	0.04	0.18	3.52	(2.05)	3.26	(4.68)	18.71
ABG	1.80	0.11	0.05	0.19	2.10	(2.01)	4.03	(3.00)	14.67
UVSP	1.61	0.12	0.04	0.23	2.16	(1.71)	3.68	(2.11)	10.04
BWFG	1.56	0.29	0.13	0.36	1.88	(1.66)	4.41	(2.98)	16.14
RERE	3.17	0.38	0.09	0.54	3.52	(3.84)	8.47	(6.54)	16.71
SPNT	1.67	0.08	0.03	0.18	2.01	(2.00)	5.67	(3.44)	11.29
APAM	1.70	0.31	0.09	(5.87)	2.23	(1.77)	3.95	(2.77)	15.46

Karat Packaging Corporate Management

Marvin Cheng	VP Secretary	Profile
Daniel Quire	Director Sales	Profile
Jian Guo	Chief Officer	Profile
Joanne Wang	COO Director	Profile

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