Silgan Holdings Correlations

SLGN Stock

USD 46.10 0.82 1.75%

The current 90-days correlation between Silgan Holdings and Greif Bros is 0.33 (i.e., 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

Significant diversification

The correlation between Silgan Holdings and DJI is 0.07 (i.e., Significant 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.

Build AI portfolio with Silgan Stock

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 rate.

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

Moving together with Silgan Stock

0.82	OI	O I Glass	Pair Corr
0.74	AVY	Avery Dennison Corp	Pair Corr
0.67	CCK	Crown Holdings	Pair Corr
0.72	KRT	Karat Packaging	Pair Corr
0.71	AMBP	Ardagh Metal Packaging	Pair Corr
0.72	BALL	Ball	Pair Corr
0.91	WBUY	WEBUY GLOBAL LTD	Pair Corr
0.88	AIN	Albany International	Pair Corr
0.71	CHA	Chagee Holdings	Pair Corr
0.8	FUN	Six Flags Entertainment	Pair Corr

Moving against Silgan Stock

0.86	TRS	TriMas	Pair Corr
0.71	F-PB	Ford Motor	Pair Corr
0.69	PACK	Ranpak Holdings Corp	Pair Corr
0.68	MYE	Myers Industries	Pair Corr
0.41	OCTO	Eightco Holdings	Pair Corr
0.36	MGIH	Millennium Group Int	Pair Corr
0.75	GTX	Garrett Motion	Pair Corr
0.73	KAR	KAR Auction Services	Pair Corr
0.71	F-PD	F PD	Pair Corr
0.7	HMC	Honda Motor	Pair Corr
0.68	FIGS	Figs Inc	Pair Corr
0.67	CYD	China Yuchai Interna	Pair Corr
0.64	F-PC	Ford Motor	Pair Corr
0.36	GGR	Gogoro Inc	Pair Corr

Related Correlations Analysis

	GEF	SON	REYN	MYE	SEE	ATR	CCK	SXT
GEF		0.46	0.21	0.47	0.2	0.12	0.57	0.45	GEF
SON	0.46		0.63	0.59	0.36	-0.05	0.1	0.52	SON
REYN	0.21	0.63		0.82	0.04	-0.7	-0.4	0.58	REYN
MYE	0.47	0.59	0.82		0.04	-0.65	-0.11	0.63	MYE
SEE	0.2	0.36	0.04	0.04		0.24	0.3	-0.31	SEE
ATR	0.12	-0.05	-0.7	-0.65	0.24		0.67	-0.35	ATR
CCK	0.57	0.1	-0.4	-0.11	0.3	0.67		-0.03	CCK
SXT	0.45	0.52	0.58	0.63	-0.31	-0.35	-0.03		SXT
	GEF	SON	REYN	MYE	SEE	ATR	CCK	SXT

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

MYE	+ 0.82	REYN
CCK	+ 0.67	ATR
REYN	+ 0.63	SON
SXT	+ 0.63	MYE
MYE	+ 0.59	SON
SXT	+ 0.58	REYN

High negative correlations

ATR	- 0.7	REYN
ATR	- 0.65	MYE
CCK	- 0.4	REYN
SXT	- 0.35	ATR
SXT	- 0.31	SEE
CCK	- 0.11	MYE

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	1.59	0.27	0.09	(0.61)	1.35	(2.15)	3.83	(2.30)	20.42
SON	1.13	0.09	(0.01)	(8.56)	1.25	(1.21)	2.17	(1.84)	8.12
REYN	0.97	0.11	(0.01)	(0.42)	1.06	(1.12)	2.58	(1.87)	7.08
MYE	1.43	0.42	0.17	(0.53)	1.09	(1.68)	3.86	(2.20)	8.33
SEE	1.40	0.02	(0.05)	(0.18)	1.54	(1.55)	3.13	(2.27)	7.27
ATR	0.97	(0.18)	0.00	(0.50)	0.00	0.00	1.60	(2.07)	12.44
CCK	0.78	0.05	(0.08)	(0.08)	0.90	(0.82)	1.51	(1.54)	4.03
SXT	0.98	0.20	0.14	0.39	0.94	(1.15)	2.43	(1.38)	9.87

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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