Amcor Plc Correlations

AMCCF Stock

USD 11.02 0.13 1.19%

The current 90-days correlation between Amcor plc and O I Glass is -0.09 (i.e., Good diversification). The correlation of Amcor Plc 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.

Amcor Plc Correlation With Market

Average diversification

The correlation between Amcor plc and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amcor plc and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Amcor Plc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Amcor Plc when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Amcor Plc - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Amcor plc to buy it.

Moving together with Amcor Pink Sheet

0.79

APLD

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Pair Corr

Related Correlations Analysis

	IFLXF	KRT	DSS	MYE	OI	PTVE	GEF	CCK	SEE	SLGN
IFLXF		0.3	-0.33	-0.57	0.16	0.31	0.29	0.57	0.47	0.28	IFLXF
KRT	0.3		-0.7	-0.66	0.18	0.73	0.96	0.12	0.48	0.9	KRT
DSS	-0.33	-0.7		0.54	-0.28	-0.65	-0.74	0.16	-0.12	-0.72	DSS
MYE	-0.57	-0.66	0.54		0.26	-0.38	-0.57	-0.21	-0.4	-0.61	MYE
OI	0.16	0.18	-0.28	0.26		0.34	0.27	0.1	0.08	0.13	OI
PTVE	0.31	0.73	-0.65	-0.38	0.34		0.82	0.09	0.41	0.75	PTVE
GEF	0.29	0.96	-0.74	-0.57	0.27	0.82		0.1	0.47	0.91	GEF
CCK	0.57	0.12	0.16	-0.21	0.1	0.09	0.1		0.73	0.05	CCK
SEE	0.47	0.48	-0.12	-0.4	0.08	0.41	0.47	0.73		0.46	SEE
SLGN	0.28	0.9	-0.72	-0.61	0.13	0.75	0.91	0.05	0.46		SLGN
	IFLXF	KRT	DSS	MYE	OI	PTVE	GEF	CCK	SEE	SLGN

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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

GEF	+ 0.96	KRT
SLGN	+ 0.91	GEF
SLGN	+ 0.9	KRT
GEF	+ 0.82	PTVE
SLGN	+ 0.75	PTVE
PTVE	+ 0.73	KRT

High negative correlations

GEF	- 0.74	DSS
SLGN	- 0.72	DSS
DSS	- 0.7	KRT
MYE	- 0.66	KRT
PTVE	- 0.65	DSS
SLGN	- 0.61	MYE

Risk-Adjusted Indicators

There is a big difference between Amcor Pink Sheet performing well and Amcor Plc 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 Amcor Plc'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
IFLXF	1.14	0.51	0.00	(3.52)	0.00	0.00	3.70	0.00	26.49
KRT	1.25	0.10	0.15	0.17	0.96	(1.46)	3.51	(1.89)	11.75
DSS	2.65	(0.23)	0.00	4.04	0.00	0.00	4.90	(5.67)	29.28
MYE	1.80	(0.58)	0.00	(0.24)	0.00	0.00	3.00	(4.02)	11.90
OI	2.08	(0.16)	(0.01)	0.05	2.27	(2.56)	5.29	(3.81)	13.61
PTVE	1.74	0.03	0.06	0.14	1.69	(2.02)	4.01	(2.77)	11.76
GEF	1.25	0.07	0.09	0.17	1.11	(1.52)	2.98	(2.28)	9.21
CCK	0.81	(0.01)	(0.07)	0.10	0.95	(0.87)	1.47	(1.80)	6.39
SEE	1.18	(0.04)	(0.04)	0.08	1.48	(1.19)	2.26	(2.43)	8.28
SLGN	0.88	0.08	0.04	0.23	0.83	(0.95)	1.74	(1.57)	5.37

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Our tools can tell you how much better you can do entering a position in Amcor Plc without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Amcor Plc Corporate Management

BBus CPA	Exec CFO	Profile
Susana SuarezGonzalez	Ex Officer	Profile
Frederick Stephan	Pres America	Profile
Michael Zacka	Middle Europe	Profile
Jerry Krempa	VP Officer	Profile
Deborah Rasin	Exec Counsel	Profile
Ernesto Duran	Head Communications	Profile

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