Amcor Plc Stock Market Value
| AMCR Stock | USD 10.49 0.02 0.19% |
| Symbol | Amcor |
Amcor PLC Price To Book Ratio
Is Metal, Glass & Plastic Containers space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Amcor PLC. If investors know Amcor will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Amcor PLC listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.257 | Dividend Share 0.503 | Earnings Share 0.53 | Revenue Per Share 9.415 | Quarterly Revenue Growth (0.03) |
The market value of Amcor PLC is measured differently than its book value, which is the value of Amcor that is recorded on the company's balance sheet. Investors also form their own opinion of Amcor PLC's value that differs from its market value or its book value, called intrinsic value, which is Amcor PLC's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Amcor PLC's market value can be influenced by many factors that don't directly affect Amcor PLC's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Amcor PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if Amcor PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Amcor PLC's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Amcor PLC on December 3, 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 Crown Holdings, Avery Dennison, Packaging Corp, Sealed Air, O I, Silgan Holdings, and Graphic Packaging. Amcor plc develops, produces, and sells packaging products in Europe, North America, Latin America, Africa, and the Asia... 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.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 10.29 | |||
| Value At Risk | (1.28) | |||
| Potential Upside | 1.58 |
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 | (0.01) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (0.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Amcor PLC's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Amcor PLC Backtested Returns
Amcor PLC secures Sharpe Ratio (or Efficiency) of -0.0342, which signifies that the company had a -0.0342% return per unit of standard deviation over the last 3 months. Amcor PLC exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Amcor PLC's risk adjusted performance of (0.01), and Mean Deviation of 0.9166 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.31, which signifies possible diversification benefits within a given portfolio. 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. At this point, Amcor PLC has a negative expected return of -0.0504%. Please make sure to confirm Amcor PLC's information ratio, as well as the relationship between the potential upside and rate of daily change , to decide if Amcor PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.83 |
Excellent reverse predictability
Amcor PLC has excellent reverse predictability. Overlapping area represents the amount of predictability between Amcor PLC time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 -0.83 indicates that around 83.0% of current Amcor PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.65 |
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 |
Pair Trading with Amcor PLC
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Amcor PLC position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Amcor PLC will appreciate offsetting losses from the drop in the long position's value.Moving together with Amcor Stock
Moving against Amcor Stock
| 0.88 | IP | International Paper | PairCorr |
| 0.8 | DRVN | Driven Brands Holdings | PairCorr |
| 0.73 | KRT | Karat Packaging | PairCorr |
| 0.73 | SLGN | Silgan Holdings | PairCorr |
| 0.7 | SW | Smurfit WestRock plc | PairCorr |
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.
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Amcor PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amcor PLC moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Amcor PLC can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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.