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.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sealed Air. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
For information on how to trade Sealed Stock refer to our How to Trade Sealed Stock guide.

Moving together with Sealed Stock

  0.81OI O I GlassPairCorr
  0.73SW Smurfit WestRock plcPairCorr
  0.86AVY Avery Dennison CorpPairCorr
  0.85CCK Crown HoldingsPairCorr
  0.67GEF Greif BrosPairCorr
  0.84KRT Karat PackagingPairCorr
  0.83MYE Myers IndustriesPairCorr
  0.63PKG Packaging CorpPairCorr
  0.63SON Sonoco ProductsPairCorr
  0.85TRS TriMasPairCorr
  0.67MGIH Millennium Group IntPairCorr
  0.86AMBP Ardagh Metal PackagingPairCorr
  0.87SLGN Silgan HoldingsPairCorr
  0.83BALL BallPairCorr
  0.81DRVN Driven Brands HoldingsPairCorr
  0.61F-PC Ford MotorPairCorr
  0.87WBUY WEBUY GLOBAL LTD Aggressive PushPairCorr
  0.85EVRI Everi HoldingsPairCorr
  0.7FIGS Figs IncPairCorr
  0.72AGS PlayAGSPairCorr
  0.71AIN Albany InternationalPairCorr

Moving against Sealed Stock

  0.81VIRC Virco ManufacturingPairCorr
  0.65GPK Graphic Packaging HoldingPairCorr
  0.64REYN Reynolds ConsumerPairCorr
  0.42PACK Ranpak Holdings CorpPairCorr
  0.8LEE Lee EnterprisesPairCorr
  0.63FTEL Fitell OrdinaryPairCorr
  0.59FRSX Foresight AutonomousPairCorr
  0.49HRB HR BlockPairCorr
  0.32GHG GreenTree HospitalityPairCorr

Related Correlations Analysis

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   
CCKOI
MYEGEF
AVYSW
MYECCK
MYEOI
SWIP
  
High negative correlations   
GPKCCK
MYEGPK
GPKOI
GPKGEF
KRTGPK
GPKAVY

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum 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