International Paper Correlations

IP Stock

USD 54.10 1.45 2.75%

The current 90-days correlation between International Paper and Packaging Corp of is 0.83 (i.e., Very poor diversification). The correlation of International Paper 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.

International Paper Correlation With Market

Poor diversification

The correlation between International Paper and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Paper and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with International Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in International Paper. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

To learn how to invest in International Stock, please use our How to Invest in International Paper guide.

Moving together with International Stock

0.92	SW	Smurfit WestRock plc Earnings Call This Week	Pair Corr
0.78	AVY	Avery Dennison Corp	Pair Corr
0.61	CCK	Crown Holdings	Pair Corr
0.93	PKG	Packaging Corp	Pair Corr
0.77	SON	Sonoco Products Earnings Call This Week	Pair Corr
0.63	TRS	TriMas Earnings Call This Week	Pair Corr
0.67	AMBP	Ardagh Metal Packaging Earnings Call Today	Pair Corr
0.73	AMCR	Amcor PLC	Pair Corr
0.68	BALL	Ball Earnings Call This Week	Pair Corr
0.66	MB	MasterBeef Group Ordinary Trending	Pair Corr
0.68	EFOI	Energy Focu	Pair Corr
0.61	F-PD	F PD	Pair Corr
0.71	WPRT	Westport Fuel Systems	Pair Corr
0.7	AGS	PlayAGS	Pair Corr
0.72	AIN	Albany International Earnings Call This Week	Pair Corr
0.78	FLL	Full House Resorts	Pair Corr

Moving against International Stock

0.42	VIRC	Virco Manufacturing	Pair Corr
0.61	CHA	Chagee Holdings	Pair Corr
0.56	FRSX	Foresight Autonomous	Pair Corr
0.33	FAT	FAT Brands Earnings Call This Week	Pair Corr
0.32	FUN	Six Flags Entertainment	Pair Corr

Related Correlations Analysis

	PKG	AMCR	SEE	GPK	DD	WY	KMB	HON	DOW
PKG		0.73	0.63	-0.3	0.88	0.2	-0.17	0.82	0.15	PKG
AMCR	0.73		0.12	0.06	0.64	-0.09	-0.32	0.4	0.21	AMCR
SEE	0.63	0.12		-0.65	0.69	0.51	0.03	0.85	0.13	SEE
GPK	-0.3	0.06	-0.65		-0.42	-0.45	0.28	-0.67	0.19	GPK
DD	0.88	0.64	0.69	-0.42		0.24	-0.44	0.88	0.25	DD
WY	0.2	-0.09	0.51	-0.45	0.24		-0.11	0.4	0.31	WY
KMB	-0.17	-0.32	0.03	0.28	-0.44	-0.11		-0.28	-0.16	KMB
HON	0.82	0.4	0.85	-0.67	0.88	0.4	-0.28		0.02	HON
DOW	0.15	0.21	0.13	0.19	0.25	0.31	-0.16	0.02		DOW
	PKG	AMCR	SEE	GPK	DD	WY	KMB	HON	DOW

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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

DD	+ 0.88	PKG
HON	+ 0.88	DD
HON	+ 0.85	SEE
HON	+ 0.82	PKG
AMCR	+ 0.73	PKG
DD	+ 0.69	SEE

High negative correlations

HON	- 0.67	GPK
GPK	- 0.65	SEE
WY	- 0.45	GPK
KMB	- 0.44	DD
DD	- 0.42	GPK
KMB	- 0.32	AMCR

Risk-Adjusted Indicators

There is a big difference between International Stock performing well and International Paper 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 International Paper'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
PKG	1.13	(0.04)	(0.01)	0.14	1.14	(1.26)	2.21	(2.04)	9.41
AMCR	1.10	(0.05)	(0.06)	0.11	1.13	(1.27)	2.68	(1.73)	5.88
SEE	1.51	0.11	0.10	0.26	1.20	(1.85)	3.14	(2.17)	9.14
GPK	1.32	(0.06)	0.00	0.30	0.00	0.00	2.77	(2.13)	18.97
DD	1.37	0.22	0.19	0.35	1.01	(1.69)	2.88	(2.29)	10.13
WY	1.29	(0.03)	0.00	(2.03)	0.00	0.00	2.33	(2.99)	6.97
KMB	0.92	(0.10)	0.00	0.48	0.00	0.00	2.09	(1.95)	5.50
HON	0.94	0.16	0.18	0.36	0.39	(1.17)	2.35	(1.21)	7.41
DOW	1.90	(0.01)	0.00	0.16	1.93	(2.42)	4.47	(3.51)	10.15

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