Karat Packaging Correlations

KRT Stock

USD 26.90 0.64 2.44%

The current 90-days correlation between Karat Packaging and Myers Industries is 0.4 (i.e., Very 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

Significant diversification

The correlation between Karat Packaging and DJI is 0.01 (i.e., Significant 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 various price indices.

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

Moving together with Karat Stock

0.83	IP	International Paper	Pair Corr
0.87	SW	Smurfit WestRock plc	Pair Corr
0.74	OCTO	Eightco Holdings	Pair Corr
0.87	AVY	Avery Dennison Corp	Pair Corr
0.88	GEF	Greif Bros	Pair Corr
0.67	GPK	Graphic Packaging Holding	Pair Corr
0.9	PKG	Packaging Corp	Pair Corr
0.92	SEE	Sealed Air	Pair Corr
0.68	SON	Sonoco Products	Pair Corr
0.94	PACK	Ranpak Holdings Corp	Pair Corr
0.82	AMCR	Amcor PLC	Pair Corr
0.69	SLGN	Silgan Holdings	Pair Corr
0.84	H	Hyatt Hotels Earnings Call This Week	Pair Corr
0.95	M	Macys Inc Earnings Call This Week	Pair Corr
0.87	W	Wayfair	Pair Corr
0.85	MBLY	Mobileye Global Class	Pair Corr
0.87	MBUU	Malibu Boats	Pair Corr
0.9	DIBS	1StdibsCom Earnings Call This Week	Pair Corr
0.83	MCFT	MCBC Holdings Earnings Call This Week	Pair Corr
0.94	MCRI	Monarch Casino Resort	Pair Corr
0.67	AN	AutoNation	Pair Corr
0.91	AS	Amer Sports,	Pair Corr
0.94	BC	Brunswick	Pair Corr
0.64	BH	Biglari Holdings Earnings Call This Week	Pair Corr
0.85	BQ	Boqii Holding Limited	Pair Corr
0.83	EM	Smart Share Global	Pair Corr
0.95	FL	Foot Locker	Pair Corr
0.61	GM	General Motors	Pair Corr

Moving against Karat Stock

0.36

AMBP

Ardagh Metal Packaging

Pair Corr

Related Correlations Analysis

	GEF	REYN	SLGN	OI	MYE	SEE	GPK	BALL	SON
GEF		0.64	0.78	0.33	0.57	0.94	0.64	0.43	0.69	GEF
REYN	0.64		0.56	0.04	0.23	0.65	0.53	0.42	0.48	REYN
SLGN	0.78	0.56		0.54	0.29	0.78	0.32	0.53	0.55	SLGN
OI	0.33	0.04	0.54		0.53	0.29	-0.11	0.63	0.42	OI
MYE	0.57	0.23	0.29	0.53		0.51	0.44	0.62	0.63	MYE
SEE	0.94	0.65	0.78	0.29	0.51		0.68	0.52	0.71	SEE
GPK	0.64	0.53	0.32	-0.11	0.44	0.68		0.43	0.65	GPK
BALL	0.43	0.42	0.53	0.63	0.62	0.52	0.43		0.68	BALL
SON	0.69	0.48	0.55	0.42	0.63	0.71	0.65	0.68		SON
	GEF	REYN	SLGN	OI	MYE	SEE	GPK	BALL	SON

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

SEE	+ 0.94	GEF
SLGN	+ 0.78	GEF
SEE	+ 0.78	SLGN
SON	+ 0.71	SEE
SON	+ 0.69	GEF
GPK	+ 0.68	SEE

High negative correlations

GPK

- 0.11

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
GEF	1.59	(0.15)	0.00	1.24	0.00	0.00	3.11	(3.31)	10.27
REYN	1.40	(0.27)	0.00	(22.17)	0.00	0.00	2.38	(3.38)	6.79
SLGN	1.45	0.01	0.07	(2.46)	1.81	(1.47)	2.77	(3.01)	9.21
OI	2.31	0.23	0.11	(2.44)	2.93	(2.36)	5.10	(4.68)	16.77
MYE	2.89	0.06	0.04	(0.57)	4.10	(3.39)	5.01	(6.72)	43.47
SEE	1.81	(0.29)	0.00	1.55	0.00	0.00	3.57	(4.79)	19.12
GPK	1.53	(0.31)	0.00	(30.20)	0.00	0.00	2.06	(3.22)	20.44
BALL	1.52	(0.09)	0.00	(1.82)	0.00	0.00	3.87	(3.46)	8.71
SON	1.77	(0.04)	0.00	(0.45)	0.00	0.00	3.38	(3.99)	17.96

Karat Packaging Corporate Management

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC