Berry Global Correlations

BERY Stock

USD 71.57 0.84 1.19%

The current 90-days correlation between Berry Global Group and Reynolds Consumer Products is -0.1 (i.e., Good diversification). The correlation of Berry Global 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Berry Global Correlation With Market

Very weak diversification

The correlation between Berry Global Group and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Berry Global Group and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Berry Global Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Berry Stock

0.87	IP	International Paper	Pair Corr
0.84	SW	Smurfit WestRock plc	Pair Corr
0.93	GEF	Greif Bros Earnings Call This Week	Pair Corr
0.92	KRT	Karat Packaging	Pair Corr
0.91	PKG	Packaging Corp Fiscal Year End 22nd of January 2025	Pair Corr
0.63	PACK	Ranpak Holdings Corp	Pair Corr
0.81	PTVE	Pactiv Evergreen	Pair Corr
0.94	SLGN	Silgan Holdings	Pair Corr
0.87	DRVN	Driven Brands Holdings	Pair Corr
0.67	WBUY	WEBUY GLOBAL LTD	Pair Corr

Moving against Berry Stock

0.78	EBET	Ebet Inc	Pair Corr
0.73	AVY	Avery Dennison Corp	Pair Corr
0.7	SON	Sonoco Products	Pair Corr
0.69	MYE	Myers Industries Potential Growth	Pair Corr
0.66	AMCR	Amcor PLC	Pair Corr
0.62	BALL	Ball	Pair Corr
0.5	MGIH	Millennium Group Int	Pair Corr
0.78	CYD	China Yuchai Interna	Pair Corr
0.76	FXLV	F45 Training Holdings	Pair Corr
0.72	DSS	DSS Inc	Pair Corr
0.63	EVKG	Ever Glory Internati	Pair Corr
0.62	IPW	iPower Inc	Pair Corr
0.59	EXTO	Almacenes xito SA	Pair Corr
0.57	TFRFF	Tefron	Pair Corr
0.5	WPRT	Westport Fuel Systems	Pair Corr
0.48	FIGS	Figs Inc	Pair Corr
0.47	IVP	Inspire Veterinary	Pair Corr

Related Correlations Analysis

	GEF	REYN	SLGN	OI	MYE	SEE	GPK	BALL	SON
GEF		-0.72	0.93	0.25	-0.62	0.49	-0.07	-0.51	-0.68	GEF
REYN	-0.72		-0.73	0.2	0.86	-0.56	0.53	0.78	0.9	REYN
SLGN	0.93	-0.73		0.13	-0.63	0.46	-0.18	-0.57	-0.66	SLGN
OI	0.25	0.2	0.13		0.26	0.09	0.43	0.38	0.23	OI
MYE	-0.62	0.86	-0.63	0.26		-0.41	0.49	0.62	0.85	MYE
SEE	0.49	-0.56	0.46	0.09	-0.41		0.03	-0.12	-0.44	SEE
GPK	-0.07	0.53	-0.18	0.43	0.49	0.03		0.59	0.55	GPK
BALL	-0.51	0.78	-0.57	0.38	0.62	-0.12	0.59		0.75	BALL
SON	-0.68	0.9	-0.66	0.23	0.85	-0.44	0.55	0.75		SON
	GEF	REYN	SLGN	OI	MYE	SEE	GPK	BALL	SON

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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

SLGN	+ 0.93	GEF
SON	+ 0.9	REYN
MYE	+ 0.86	REYN
SON	+ 0.85	MYE
BALL	+ 0.78	REYN
SON	+ 0.75	BALL

High negative correlations

SLGN	- 0.73	REYN
REYN	- 0.72	GEF
SON	- 0.68	GEF
SON	- 0.66	SLGN
MYE	- 0.63	SLGN
MYE	- 0.62	GEF

Risk-Adjusted Indicators

There is a big difference between Berry Stock performing well and Berry Global 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 Berry Global'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
GEF	1.23	0.04	0.06	0.15	1.13	(1.47)	2.68	(2.28)	9.21
REYN	0.87	(0.18)	0.00	(0.49)	0.00	0.00	1.92	(2.19)	8.89
SLGN	0.88	0.08	0.04	0.23	0.83	(0.95)	1.74	(1.57)	5.37
OI	2.02	(0.27)	0.00	(0.01)	0.00	0.00	5.29	(3.81)	13.61
MYE	1.77	(0.61)	0.00	(0.27)	0.00	0.00	2.75	(4.02)	11.90
SEE	1.22	(0.05)	(0.04)	0.06	1.49	(1.25)	2.26	(2.43)	8.28
GPK	1.13	(0.13)	(0.06)	0.01	1.71	(1.02)	2.14	(2.04)	8.57
BALL	1.05	(0.14)	0.00	(0.05)	0.00	0.00	1.69	(1.74)	9.98
SON	0.86	(0.11)	0.00	(0.07)	0.00	0.00	1.92	(1.65)	4.84

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