Pactiv Evergreen Correlations

Summary

PTVEDelisted Stock

USD 18.01 0.00 0.00%

The current 90-days correlation between Pactiv Evergreen and Reynolds Consumer Products is -0.09 (i.e., Good diversification). The correlation of Pactiv Evergreen 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.

Pactiv Evergreen Correlation With Market

Significant diversification

The correlation between Pactiv Evergreen 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 Pactiv Evergreen and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Pactiv Stock

0.82	ATCOL	Atlas Corp	Pair Corr
0.85	PCTTW	PureCycle Technologies	Pair Corr
0.61	BFDE	Bedford Energy	Pair Corr
0.61	LTRY	Lottery, Common Stock	Pair Corr
0.93	BAC	Bank of America	Pair Corr
0.72	INTC	Intel Earnings Call This Week	Pair Corr
0.96	DIS	Walt Disney	Pair Corr
0.85	AA	Alcoa Corp	Pair Corr
0.89	IBM	International Business Earnings Call This Week	Pair Corr
0.95	MSFT	Microsoft	Pair Corr
0.93	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.85	MMM	3M Company	Pair Corr
0.86	DD	Dupont De Nemours	Pair Corr

Moving against Pactiv Stock

0.63	KO	Coca Cola Earnings Call This Week	Pair Corr
0.54	GCMGW	GCM Grosvenor	Pair Corr
0.43	GOEVW	Canoo Holdings	Pair Corr
0.42	07274NBG7	BAYNGR 5 15	Pair Corr
0.65	MCD	McDonalds	Pair Corr
0.55	PG	Procter Gamble	Pair Corr
0.45	VZ	Verizon Communications Earnings Call This Week	Pair Corr

Related Correlations Analysis

	STEP	REYN	VTRU	BNL	PMVP
STEP		-0.53	0.0	0.16	0.2	STEP
REYN	-0.53		0.0	-0.35	-0.46	REYN
VTRU	0.0	0.0		0.0	0.0	VTRU
BNL	0.16	-0.35	0.0		0.38	BNL
PMVP	0.2	-0.46	0.0	0.38		PMVP
	STEP	REYN	VTRU	BNL	PMVP

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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

PMVP	+ 0.38	BNL
PMVP	+ 0.2	STEP
BNL	+ 0.16	STEP
VTRU	+ 0.0	STEP
VTRU	+ 0.0	REYN
BNL	+ 0.0	VTRU

High negative correlations

REYN	- 0.53	STEP
PMVP	- 0.46	REYN
BNL	- 0.35	REYN
PMVP	- 0.0	VTRU
BNL	- 0.0	VTRU
VTRU	- 0.0	REYN

Risk-Adjusted Indicators

There is a big difference between Pactiv Stock performing well and Pactiv Evergreen 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 Pactiv Evergreen'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
STEP	1.69	0.27	0.19	0.31	1.39	(2.04)	4.17	(2.18)	10.44
REYN	1.04	(0.23)	0.00	(0.18)	0.00	0.00	1.79	(2.42)	5.39
VTRU	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BNL	0.86	(0.02)	(0.08)	0.08	1.13	(0.84)	1.81	(1.94)	4.68
PMVP	3.04	0.79	0.20	(1.37)	2.40	(4.75)	9.28	(5.04)	18.30

Pactiv Evergreen Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Pactiv Evergreen stock to make a market-neutral strategy. Peer analysis of Pactiv Evergreen could also be used in its relative valuation, which is a method of valuing Pactiv Evergreen by comparing valuation metrics with similar companies.

Stepstone Group Reynolds Consumer Products Vitru Broadstone Net Lease Pmv Pharmaceuticals American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp Home Depot International Business Machines

Risk & Return

Correlation

Pactiv Evergreen Corporate Management

Curt Worthington	Vice Relations	Profile
Mark Dutt	VP Technology	Profile
Chandra Mitchell	Chief Secretary	Profile
Chandra JD	Chief Secretary	Profile
Jonathan Baksht	Chief officer	Profile

Still Interested in Pactiv Evergreen?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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