Sealed Air Correlations
SEE Stock | USD 31.19 0.20 0.64% |
The current 90-days correlation between Sealed Air and Packaging Corp of is 0.69 (i.e., Poor 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
Very weak diversification
The correlation between Sealed Air and DJI is 0.57 (i.e., Very weak 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
0.76 | OI | O I Glass | PairCorr |
0.74 | SW | Smurfit WestRock plc | PairCorr |
0.88 | AVY | Avery Dennison Corp Earnings Call This Week | PairCorr |
0.79 | CCK | Crown Holdings Earnings Call This Week | PairCorr |
0.64 | GEF | Greif Bros | PairCorr |
0.83 | KRT | Karat Packaging | PairCorr |
0.8 | MYE | Myers Industries | PairCorr |
0.63 | PKG | Packaging Corp Earnings Call This Week | PairCorr |
0.79 | TRS | TriMas | PairCorr |
0.64 | MGIH | Millennium Group Int | PairCorr |
0.79 | AMBP | Ardagh Metal Packaging Earnings Call This Week | PairCorr |
0.88 | SLGN | Silgan Holdings | PairCorr |
0.75 | BALL | Ball | PairCorr |
0.8 | DRVN | Driven Brands Holdings | PairCorr |
0.85 | WBUY | WEBUY GLOBAL LTD Downward Rally | PairCorr |
0.8 | EVRI | Everi Holdings | PairCorr |
0.62 | FIGS | Figs Inc | PairCorr |
0.72 | AIN | Albany International | PairCorr |
Moving against Sealed Stock
0.79 | VIRC | Virco Manufacturing | PairCorr |
0.64 | REYN | Reynolds Consumer | PairCorr |
0.63 | GPK | Graphic Packaging Holding | PairCorr |
0.42 | PACK | Ranpak Holdings Corp | PairCorr |
0.65 | FRSX | Foresight Autonomous | PairCorr |
0.49 | DSS | DSS Inc | PairCorr |
0.31 | CHA | Chagee Holdings Downward Rally | PairCorr |
Related Correlations Analysis
0.79 | 0.67 | 0.59 | -0.24 | 0.16 | -0.14 | PKG | ||
0.79 | 0.73 | 0.8 | -0.07 | 0.3 | 0.28 | AVY | ||
0.67 | 0.73 | 0.87 | -0.6 | 0.23 | 0.17 | OI | ||
0.59 | 0.8 | 0.87 | -0.33 | 0.47 | 0.33 | SLGN | ||
-0.24 | -0.07 | -0.6 | -0.33 | 0.07 | 0.3 | RHI | ||
0.16 | 0.3 | 0.23 | 0.47 | 0.07 | 0.4 | IFF | ||
-0.14 | 0.28 | 0.17 | 0.33 | 0.3 | 0.4 | WAT | ||
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
| High negative correlations
|
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 | ||
---|---|---|---|---|---|---|---|---|---|---|
PKG | 1.12 | (0.06) | (0.04) | 0.07 | 1.20 | 2.21 | 9.41 | |||
AVY | 1.15 | (0.08) | (0.05) | 0.06 | 1.18 | 2.22 | 9.09 | |||
OI | 1.70 | 0.28 | 0.15 | 0.40 | 1.55 | 3.77 | 11.42 | |||
SLGN | 0.99 | 0.05 | 0.04 | 0.19 | 0.83 | 2.32 | 6.23 | |||
RHI | 1.65 | (0.44) | 0.00 | (0.15) | 0.00 | 3.33 | 11.45 | |||
IFF | 1.28 | (0.05) | (0.03) | 0.07 | 1.86 | 2.09 | 9.72 | |||
WAT | 1.73 | (0.41) | 0.00 | (0.13) | 0.00 | 2.54 | 20.38 |