Amcor PLC Correlations

AMCR Stock

USD 50.09 1.56 3.21%

The current 90-days correlation between Amcor PLC and Packaging Corp of is -0.1 (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. If the correlation is 0, the equities are not correlated; they are entirely random.

Amcor PLC Correlation With Market

Poor diversification

The correlation between Amcor PLC and DJI is 0.62 (i.e., Poor 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.

Build AI portfolio with Amcor Stock

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

To learn how to invest in Amcor Stock, please use our How to Invest in Amcor PLC guide.

Moving together with Amcor Stock

0.86	ATR	AptarGroup	Pair Corr
0.66	GEF	Greif Bros	Pair Corr
0.75	MYE	Myers Industries	Pair Corr
0.87	SLGN	Silgan Holdings	Pair Corr
0.89	ABEV	Ambev SA ADR Aggressive Push	Pair Corr
0.66	ENS	Enersys	Pair Corr
0.63	RILYL	B Riley Financial	Pair Corr
0.71	THO	Thor Industries	Pair Corr
0.7	TFLM	TFLM	Pair Corr
0.63	RCKY	Rocky Brands	Pair Corr
0.74	WMT	Walmart Common Stock Earnings Call This Week	Pair Corr
0.68	ELVN	Enliven Therapeutics	Pair Corr
0.65	YLLXF	Yellow Cake plc	Pair Corr
0.65	SECVY	Seche Environnement	Pair Corr
0.88	EPD	Enterprise Products	Pair Corr

Moving against Amcor Stock

0.71	GRAB	Grab Holdings Earnings Call This Week	Pair Corr
0.7	ADVWW	Advantage Solutions	Pair Corr
0.62	GCMGW	GCM Grosvenor	Pair Corr
0.61	MAPSW	WM Technology	Pair Corr
0.51	GOEVW	Canoo Holdings	Pair Corr
0.46	PCTTW	PureCycle Technologies	Pair Corr
0.45	RXRX	Recursion Pharmaceuticals	Pair Corr
0.36	NIO	Nio Class A	Pair Corr
0.47	RIVN	Rivian Automotive Upward Rally	Pair Corr
0.54	IVVD	Invivyd	Pair Corr
0.49	BROGF	BROGF	Pair Corr
0.33	GGLDF	Getchell Gold Corp	Pair Corr

Related Correlations Analysis

	PKG	SW	IP	BALL	RL	IHG	GPC	CASY	BBY	DKS
PKG		0.95	0.95	0.97	0.28	0.69	0.85	0.91	-0.72	-0.42	PKG
SW	0.95		0.93	0.91	0.42	0.72	0.76	0.86	-0.78	-0.32	SW
IP	0.95	0.93		0.93	0.34	0.68	0.81	0.89	-0.62	-0.3	IP
BALL	0.97	0.91	0.93		0.24	0.72	0.85	0.9	-0.71	-0.46	BALL
RL	0.28	0.42	0.34	0.24		0.59	0.14	0.26	-0.31	-0.01	RL
IHG	0.69	0.72	0.68	0.72	0.59		0.47	0.54	-0.55	-0.29	IHG
GPC	0.85	0.76	0.81	0.85	0.14	0.47		0.87	-0.55	-0.29	GPC
CASY	0.91	0.86	0.89	0.9	0.26	0.54	0.87		-0.72	-0.38	CASY
BBY	-0.72	-0.78	-0.62	-0.71	-0.31	-0.55	-0.55	-0.72		0.43	BBY
DKS	-0.42	-0.32	-0.3	-0.46	-0.01	-0.29	-0.29	-0.38	0.43		DKS
	PKG	SW	IP	BALL	RL	IHG	GPC	CASY	BBY	DKS

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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

BALL	+ 0.97	PKG
SW	+ 0.95	PKG
IP	+ 0.95	PKG
IP	+ 0.93	SW
BALL	+ 0.93	IP
CASY	+ 0.91	PKG

High negative correlations

BBY	- 0.78	SW
BBY	- 0.72	CASY
BBY	- 0.72	PKG
BBY	- 0.71	BALL
BBY	- 0.62	IP
BBY	- 0.55	GPC

Risk-Adjusted Indicators

There is a big difference between Amcor Stock 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
PKG	1.19	0.25	0.16	0.36	1.12	(1.35)	3.03	(1.91)	8.20
SW	1.91	0.50	0.31	0.45	1.29	(2.51)	5.27	(2.75)	11.28
IP	1.79	0.32	0.19	0.30	1.61	(2.24)	4.98	(3.42)	12.37
BALL	1.21	0.47	0.26	2.63	1.07	(1.37)	3.45	(1.76)	9.58
RL	1.40	0.11	0.07	0.18	1.48	(1.59)	3.09	(2.23)	8.67
IHG	1.23	0.10	0.08	0.17	1.18	(1.49)	3.15	(2.04)	8.23
GPC	1.15	0.17	0.14	0.25	1.10	(1.30)	3.24	(1.68)	7.35
CASY	1.20	0.33	0.18	2.92	1.22	(1.46)	2.70	(2.03)	9.89
BBY	1.52	(0.37)	0.00	(0.19)	0.00	0.00	3.61	(3.29)	10.22
DKS	1.64	(0.22)	0.00	(0.08)	0.00	0.00	3.42	(3.41)	14.16

Amcor PLC Corporate Management

Peter Konieczny	President - Amcor Flexibles Europe, Middle East & Africa	Profile
BBus CPA	Exec CFO	Profile
David Clark	Chief Officer	Profile
L Stephan	President - Amcor Flexibles North America	Profile
Jeremy Sutcliffe	Independent Non-Executive Director	Profile
Sheri Edison	Executive Vice President General Counsel	Profile
Arun Nayar	Independent Non-Executive Director	Profile

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