Amcor PLC (Australia) Market Value
| AMC Stock | 16.06 0.04 0.25% |
| 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.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Amcor PLC on December 6, 2022 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 720 days. Amcor PLC is related to or competes with Kkr Credit, Australian Unity, EP Financial, Pioneer Credit, Bank of Queensland, and Macquarie Bank. Amcor PLC is entity of Australia. It is traded as Stock on AU exchange. 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 | 1.15 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 5.7 | |||
| Value At Risk | (1.21) | |||
| Potential Upside | 1.11 |
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 | 0.0118 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.10) | |||
| Treynor Ratio | 0.0263 |
Amcor PLC Backtested Returns
Currently, Amcor PLC is very steady. Amcor PLC secures Sharpe Ratio (or Efficiency) of 0.0039, which signifies that the company had a 0.0039% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Amcor PLC, which you can use to evaluate the volatility of the firm. Please confirm Amcor PLC's mean deviation of 0.6555, and Risk Adjusted Performance of 0.0118 to double-check if the risk estimate we provide is consistent with the expected return of 0.0039%. The firm shows a Beta (market volatility) of 0.09, 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 0.99%. Please confirm Amcor PLC market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Amcor PLC will be following its price patterns.
Auto-correlation | -0.8 |
Almost perfect reverse predictability
Amcor PLC has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Amcor PLC time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th of November 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 -0.8 indicates that around 80.0% of current Amcor PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.8 | |
| Spearman Rank Test | -0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 1.17 |
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 |
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Additional Tools for Amcor Stock Analysis
When running Amcor PLC's price analysis, check to measure Amcor PLC's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Amcor PLC is operating at the current time. Most of Amcor PLC's value examination focuses on studying past and present price action to predict the probability of Amcor PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Amcor PLC's price. Additionally, you may evaluate how the addition of Amcor PLC to your portfolios can decrease your overall portfolio volatility.