Silgan Holdings Correlations

SLGN Stock

USD 55.20 0.14 0.25%

The current 90-days correlation between Silgan Holdings and Greif Bros is 0.49 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Silgan Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Silgan Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Silgan Holdings Correlation With Market

Poor diversification

The correlation between Silgan Holdings and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Silgan Holdings and DJI in the same portfolio, assuming nothing else is changed.

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Silgan Holdings. 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.

To learn how to invest in Silgan Stock, please use our How to Invest in Silgan Holdings guide.

Moving together with Silgan Stock

0.87	OI	O I Glass	Pair Corr
0.69	SW	Smurfit WestRock plc	Pair Corr
0.8	AVY	Avery Dennison Corp Earnings Call This Week	Pair Corr
0.89	CCK	Crown Holdings Earnings Call This Week	Pair Corr
0.67	GEF	Greif Bros	Pair Corr
0.69	KRT	Karat Packaging	Pair Corr
0.81	MYE	Myers Industries	Pair Corr
0.88	SEE	Sealed Air	Pair Corr
0.85	TRS	TriMas	Pair Corr
0.84	AMBP	Ardagh Metal Packaging Earnings Call This Week	Pair Corr
0.83	BALL	Ball	Pair Corr
0.79	DRVN	Driven Brands Holdings	Pair Corr
0.69	F-PC	Ford Motor	Pair Corr
0.64	F-PD	F PD	Pair Corr
0.82	WBUY	WEBUY GLOBAL LTD Downward Rally	Pair Corr
0.75	EVRI	Everi Holdings	Pair Corr
0.66	FIGS	Figs Inc	Pair Corr
0.71	AIN	Albany International	Pair Corr
0.65	CYD	China Yuchai Interna	Pair Corr

Moving against Silgan Stock

0.83	VIRC	Virco Manufacturing	Pair Corr
0.68	GPK	Graphic Packaging Holding	Pair Corr
0.59	REYN	Reynolds Consumer	Pair Corr
0.67	HRB	HR Block	Pair Corr
0.54	FRSX	Foresight Autonomous	Pair Corr
0.32	JXG	JX Luxventure Limited Symbol Change	Pair Corr
0.31	DSS	DSS Inc	Pair Corr

Related Correlations Analysis

	GEF	SON	REYN	MYE	SEE	ATR	CCK	SXT
GEF		0.36	-0.8	0.94	0.64	0.57	0.86	0.78	GEF
SON	0.36		-0.08	0.39	0.59	0.67	0.41	0.5	SON
REYN	-0.8	-0.08		-0.87	-0.64	-0.46	-0.76	-0.67	REYN
MYE	0.94	0.39	-0.87		0.8	0.69	0.94	0.87	MYE
SEE	0.64	0.59	-0.64	0.8		0.84	0.79	0.74	SEE
ATR	0.57	0.67	-0.46	0.69	0.84		0.79	0.8	ATR
CCK	0.86	0.41	-0.76	0.94	0.79	0.79		0.95	CCK
SXT	0.78	0.5	-0.67	0.87	0.74	0.8	0.95		SXT
	GEF	SON	REYN	MYE	SEE	ATR	CCK	SXT

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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

SXT	+ 0.95	CCK
MYE	+ 0.94	GEF
CCK	+ 0.94	MYE
SXT	+ 0.87	MYE
CCK	+ 0.86	GEF
ATR	+ 0.84	SEE

High negative correlations

MYE	- 0.87	REYN
REYN	- 0.8	GEF
CCK	- 0.76	REYN
SXT	- 0.67	REYN
SEE	- 0.64	REYN
ATR	- 0.46	REYN

Risk-Adjusted Indicators

There is a big difference between Silgan Stock performing well and Silgan Holdings 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 Silgan Holdings' 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
GEF	1.53	0.25	0.20	0.38	0.92	(2.14)	3.83	(2.17)	17.94
SON	1.42	(0.05)	(0.02)	0.09	2.43	(1.52)	3.52	(1.85)	15.92
REYN	1.04	(0.23)	0.00	(0.18)	0.00	0.00	1.79	(2.42)	5.39
MYE	1.75	0.46	0.34	0.44	1.01	(2.12)	4.62	(1.93)	10.60
SEE	1.50	0.11	0.09	0.23	1.22	(1.86)	3.14	(2.17)	9.14
ATR	0.87	0.01	(0.02)	0.14	1.07	(0.89)	2.30	(1.59)	6.25
CCK	0.95	0.23	0.24	0.48	0.37	(1.25)	2.34	(1.45)	9.77
SXT	1.23	0.52	0.58	1.07	0.00	(1.58)	4.75	(1.08)	15.95

Silgan Holdings Corporate Executives

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

Robert Lewis	CFO and Executive VP	Profile
Adam Greenlee	COO and Executive VP	Profile
Philippe Chevrier	Executive COO	Profile

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