Sonoco Products Correlations

SON Stock

USD 43.46 0.32 0.73%

The current 90-days correlation between Sonoco Products and AptarGroup is 0.59 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sonoco Products moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sonoco Products moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Sonoco Products Correlation With Market

Very weak diversification

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

Build AI portfolio with Sonoco Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sonoco Products. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

To learn how to invest in Sonoco Stock, please use our How to Invest in Sonoco Products guide.

Moving together with Sonoco Stock

0.7	IP	International Paper	Pair Corr
0.8	SW	Smurfit WestRock plc	Pair Corr
0.76	AVY	Avery Dennison Corp	Pair Corr
0.76	PKG	Packaging Corp	Pair Corr
0.72	AMCR	Amcor PLC	Pair Corr
0.75	AIN	Albany International	Pair Corr

Moving against Sonoco Stock

0.34

VRM

Vroom, Common Stock

Pair Corr

Related Correlations Analysis

	ATR	SLGN	RPM	PKG	SCL
ATR		0.94	0.61	0.31	0.54	ATR
SLGN	0.94		0.54	0.19	0.55	SLGN
RPM	0.61	0.54		0.79	0.89	RPM
PKG	0.31	0.19	0.79		0.7	PKG
SCL	0.54	0.55	0.89	0.7		SCL
	ATR	SLGN	RPM	PKG	SCL

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Risk-Adjusted Indicators

There is a big difference between Sonoco Stock performing well and Sonoco Products 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 Sonoco Products' 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
ATR	1.22	0.02	0.01	0.03	1.73	(1.22)	2.38	(2.08)	11.29
SLGN	1.26	0.11	0.07	0.14	1.47	(1.39)	2.76	(2.16)	9.21
RPM	1.49	(0.12)	0.00	(0.09)	0.00	0.00	3.16	(3.87)	14.85
PKG	1.35	(0.09)	0.00	(0.08)	0.00	0.00	2.39	(2.80)	10.97
SCL	1.80	(0.10)	0.00	(0.07)	0.00	0.00	3.97	(3.40)	14.04

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