Amcor Plc (Germany) Market Value
| 485B Stock | EUR 9.90 0.20 2.06% |
| Symbol | Amcor |
Amcor Plc 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Amcor Plc's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Amcor Plc.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Amcor Plc on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Amcor plc or generate 0.0% return on investment in Amcor Plc over 180 days. Amcor Plc is related to or competes with AptarGroup, Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, Talanx AG, and NorAm Drilling. Amcor plc develops, manufactures, and sells various packaging products for food, beverage, medical and pharmaceutical, f... More
Amcor Plc Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Amcor Plc's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Amcor plc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.08 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 17.08 | |||
| Value At Risk | (4.52) | |||
| Potential Upside | 5.78 |
Amcor Plc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Amcor Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amcor Plc's standard deviation. In reality, there are many statistical measures that can use Amcor Plc historical prices to predict the future Amcor Plc's volatility.| Risk Adjusted Performance | 0.0388 | |||
| Jensen Alpha | 0.0952 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 1.42 |
Amcor plc Backtested Returns
At this point, Amcor Plc is somewhat reliable. Amcor plc secures Sharpe Ratio (or Efficiency) of 0.0358, which signifies that the company had a 0.0358% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Amcor plc, which you can use to evaluate the volatility of the firm. Please confirm Amcor Plc's risk adjusted performance of 0.0388, and Mean Deviation of 1.63 to double-check if the risk estimate we provide is consistent with the expected return of 0.1%. Amcor Plc has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0737, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Amcor Plc's returns are expected to increase less than the market. However, during the bear market, the loss of holding Amcor Plc is expected to be smaller as well. Amcor plc right now shows a risk of 2.8%. Please confirm Amcor plc mean deviation, downside deviation, information ratio, as well as the relationship between the semi deviation and coefficient of variation , to decide if Amcor plc will be following its price patterns.
Auto-correlation | 0.02 |
Virtually no predictability
Amcor plc has virtually no predictability. Overlapping area represents the amount of predictability between Amcor Plc time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Amcor plc price movement. The serial correlation of 0.02 indicates that only 2.0% of current Amcor Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Amcor plc lagged returns against current returns
Autocorrelation, which is Amcor Plc stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Amcor Plc's stock expected returns. We can calculate the autocorrelation of Amcor Plc returns to help us make a trade decision. For example, suppose you find that Amcor Plc has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Amcor Plc regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Amcor Plc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amcor Plc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Amcor Plc stock over time.
Current vs Lagged Prices |
| Timeline |
Amcor Plc Lagged Returns
When evaluating Amcor Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amcor Plc stock have on its future price. Amcor Plc autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Amcor Plc autocorrelation shows the relationship between Amcor Plc stock current value and its past values and can show if there is a momentum factor associated with investing in Amcor plc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Amcor Stock
When determining whether Amcor plc is a strong investment it is important to analyze Amcor Plc's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Amcor Plc's future performance. For an informed investment choice regarding Amcor Stock, refer to the following important reports:Check out Amcor Plc Correlation, Amcor Plc Volatility and Amcor Plc Alpha and Beta module to complement your research on Amcor Plc. For more detail on how to invest in Amcor Stock please use our How to Invest in Amcor Plc guide.You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Amcor Plc technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.