Sealed Air Correlations
SEE Stock | USD 31.73 0.73 2.25% |
The current 90-days correlation between Sealed Air and O I Glass is -0.01 (i.e., Good diversification). The correlation of Sealed Air 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.
Sealed Air Correlation With Market
Good diversification
The correlation between Sealed Air and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sealed Air and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Sealed Stock
0.81 | OI | O I Glass | PairCorr |
0.73 | SW | Smurfit WestRock plc | PairCorr |
0.86 | AVY | Avery Dennison Corp | PairCorr |
0.85 | CCK | Crown Holdings | PairCorr |
0.67 | GEF | Greif Bros | PairCorr |
0.84 | KRT | Karat Packaging | PairCorr |
0.83 | MYE | Myers Industries | PairCorr |
0.63 | PKG | Packaging Corp | PairCorr |
0.63 | SON | Sonoco Products | PairCorr |
0.85 | TRS | TriMas | PairCorr |
0.67 | MGIH | Millennium Group Int | PairCorr |
0.86 | AMBP | Ardagh Metal Packaging | PairCorr |
0.87 | SLGN | Silgan Holdings | PairCorr |
0.83 | BALL | Ball | PairCorr |
0.81 | DRVN | Driven Brands Holdings | PairCorr |
0.61 | F-PC | Ford Motor | PairCorr |
0.87 | WBUY | WEBUY GLOBAL LTD Aggressive Push | PairCorr |
0.85 | EVRI | Everi Holdings | PairCorr |
0.7 | FIGS | Figs Inc | PairCorr |
0.72 | AGS | PlayAGS | PairCorr |
0.71 | AIN | Albany International | PairCorr |
Moving against Sealed Stock
0.81 | VIRC | Virco Manufacturing | PairCorr |
0.65 | GPK | Graphic Packaging Holding | PairCorr |
0.64 | REYN | Reynolds Consumer | PairCorr |
0.42 | PACK | Ranpak Holdings Corp | PairCorr |
0.8 | LEE | Lee Enterprises | PairCorr |
0.63 | FTEL | Fitell Ordinary | PairCorr |
0.59 | FRSX | Foresight Autonomous | PairCorr |
0.49 | HRB | HR Block | PairCorr |
0.32 | GHG | GreenTree Hospitality | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Sealed Stock performing well and Sealed Air 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 Sealed Air'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
IP | 1.89 | (0.16) | 0.00 | (0.05) | 0.00 | 4.82 | 15.53 | |||
OI | 2.10 | 0.39 | 0.15 | 0.41 | 2.17 | 4.20 | 12.36 | |||
SW | 1.93 | (0.06) | (0.01) | 0.03 | 2.66 | 4.24 | 17.41 | |||
AVY | 1.36 | (0.03) | (0.03) | 0.03 | 1.52 | 3.20 | 9.09 | |||
CCK | 1.27 | 0.23 | 0.13 | 0.35 | 1.35 | 3.20 | 9.77 | |||
GEF | 1.81 | 0.28 | 0.17 | 0.38 | 1.40 | 4.35 | 17.92 | |||
GPK | 1.51 | (0.29) | 0.00 | (0.33) | 0.00 | 3.40 | 20.42 | |||
KRT | 1.73 | 0.11 | 0.03 | 0.22 | 3.11 | 4.50 | 25.38 | |||
MYE | 2.26 | 0.38 | 0.08 | 12.67 | 3.27 | 4.74 | 17.89 | |||
PKG | 1.38 | (0.04) | (0.02) | 0.03 | 1.79 | 2.39 | 10.97 |