Magnera Corp Correlations

MAGN Stock

13.04 0.08 0.62%

The current 90-days correlation between Magnera Corp placeholder and Griffon is 0.6 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Magnera Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Magnera Corp placeholder moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Magnera Corp Correlation With Market

Very weak diversification

The correlation between Magnera Corp placeholder and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Magnera Corp placeholder and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Magnera Stock

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

Moving together with Magnera Stock

0.61	MERC	Mercer International	Pair Corr
0.61	WLKP	Westlake Chemical	Pair Corr

Moving against Magnera Stock

0.61	CF	CF Industries Holdings	Pair Corr
0.58	CX	Cemex SAB de Earnings Call This Week	Pair Corr
0.54	CLW	Clearwater Paper	Pair Corr
0.52	CE	Celanese	Pair Corr
0.44	AA	Alcoa Corp	Pair Corr
0.44	AU	AngloGold Ashanti plc	Pair Corr
0.39	DC	Dakota Gold Corp	Pair Corr
0.31	X	United States Steel	Pair Corr
0.54	OR	Osisko Gold Ro	Pair Corr
0.52	ECVT	Ecovyst	Pair Corr
0.44	VOXR	Vox Royalty Corp	Pair Corr
0.38	IE	Ivanhoe Electric	Pair Corr
0.37	RS	Reliance Steel Aluminum Earnings Call This Week	Pair Corr
0.35	MT	ArcelorMittal SA ADR	Pair Corr
0.67	FMST	Foremost Lithium Resource	Pair Corr
0.59	ASM	Avino Silver Gold Downward Rally	Pair Corr
0.53	VZLA	Vizsla Resources Corp	Pair Corr

Related Correlations Analysis

	GFF	UVV	PKE	EGP	TPB	HNI	KO
GFF		-0.06	0.76	0.36	0.44	0.84	-0.47	GFF
UVV	-0.06		-0.03	0.69	0.58	0.32	-0.09	UVV
PKE	0.76	-0.03		0.2	0.51	0.73	-0.36	PKE
EGP	0.36	0.69	0.2		0.75	0.67	-0.45	EGP
TPB	0.44	0.58	0.51	0.75		0.78	-0.5	TPB
HNI	0.84	0.32	0.73	0.67	0.78		-0.58	HNI
KO	-0.47	-0.09	-0.36	-0.45	-0.5	-0.58		KO
	GFF	UVV	PKE	EGP	TPB	HNI	KO

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

HNI	+ 0.84	GFF
HNI	+ 0.78	TPB
PKE	+ 0.76	GFF
TPB	+ 0.75	EGP
HNI	+ 0.73	PKE
EGP	+ 0.69	UVV

High negative correlations

KO	- 0.58	HNI
KO	- 0.5	TPB
KO	- 0.47	GFF
KO	- 0.45	EGP
KO	- 0.36	PKE
KO	- 0.09	UVV

Risk-Adjusted Indicators

There is a big difference between Magnera Stock performing well and Magnera Corp 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 Magnera Corp'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
GFF	1.55	(0.07)	0.01	0.09	1.87	(1.61)	3.12	(3.31)	10.17
UVV	1.29	0.06	(0.01)	0.27	1.43	(1.49)	2.12	(2.24)	14.71
PKE	1.52	0.52	0.38	0.85	0.72	(1.90)	3.99	(2.17)	9.11
EGP	0.88	0.00	(0.03)	0.13	1.18	(0.83)	1.88	(2.35)	6.01
TPB	1.85	0.48	0.18	1.39	1.85	(2.12)	2.55	(3.36)	31.44
HNI	1.36	0.14	0.13	0.25	1.18	(1.66)	3.58	(2.51)	8.64
KO	0.75	(0.08)	0.00	(0.26)	0.00	0.00	1.55	(1.28)	4.81

Magnera Corp Corporate Executives

Elected by the shareholders, the Magnera Corp's board of directors comprises two types of representatives: Magnera Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Magnera. The board's role is to monitor Magnera Corp's management team and ensure that shareholders' interests are well served. Magnera Corp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Magnera Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.

	James Till	CFO VP	Profile
	Tarun Manroa	Executive COO	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