Amcor Plc Correlations

485B Stock

EUR 9.70 0.15 1.57%

The current 90-days correlation between Amcor plc and Singapore Telecommunications Limited is -0.03 (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 0.13 (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 Stock

0.67

485

Amcor plc

Pair Corr

Moving against Amcor Stock

0.4	SK3	Smurfit Kappa Group	Pair Corr
0.36	PKA	Packaging	Pair Corr
0.35	5EE	MEBUKI FINANCIAL	Pair Corr
0.33	AGT	AptarGroup	Pair Corr

Related Correlations Analysis

	03F	COA1	SIT4	3MJ	6GC	GKD	EV9	0AI1
03F		0.52	0.11	-0.19	0.1	-0.46	-0.83	0.07	03F
COA1	0.52		0.23	-0.27	0.38	-0.55	-0.49	-0.23	COA1
SIT4	0.11	0.23		-0.69	0.64	0.04	0.01	0.11	SIT4
3MJ	-0.19	-0.27	-0.69		-0.48	0.27	0.26	0.08	3MJ
6GC	0.1	0.38	0.64	-0.48		-0.1	0.0	0.14	6GC
GKD	-0.46	-0.55	0.04	0.27	-0.1		0.76	0.12	GKD
EV9	-0.83	-0.49	0.01	0.26	0.0	0.76		-0.04	EV9
0AI1	0.07	-0.23	0.11	0.08	0.14	0.12	-0.04		0AI1
	03F	COA1	SIT4	3MJ	6GC	GKD	EV9	0AI1

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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

EV9	+ 0.76	GKD
6GC	+ 0.64	SIT4
COA1	+ 0.52	03F
6GC	+ 0.38	COA1
GKD	+ 0.27	3MJ
EV9	+ 0.26	3MJ

High negative correlations

EV9	- 0.83	03F
3MJ	- 0.69	SIT4
GKD	- 0.55	COA1
EV9	- 0.49	COA1
6GC	- 0.48	3MJ
GKD	- 0.46	03F

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
03F	1.96	(0.30)	0.00	(0.34)	0.00	0.00	4.46	(4.23)	14.99
COA1	0.48	0.03	0.00	(0.05)	0.00	0.00	0.00	0.00	16.03
SIT4	1.44	0.16	0.03	8.33	1.30	(2.00)	2.79	(2.22)	9.34
3MJ	1.93	(0.07)	0.00	(1.68)	0.00	0.00	3.77	(3.54)	14.44
6GC	1.25	0.11	(0.01)	97.56	1.29	(1.59)	2.15	(2.04)	16.76
GKD	1.38	0.27	0.14	0.53	1.09	(1.99)	2.46	(2.36)	18.39
EV9	2.17	0.51	0.12	(1.43)	2.35	(3.04)	5.05	(3.89)	17.95
0AI1	3.26	0.05	0.01	0.18	3.60	(4.46)	8.62	(5.73)	23.25

Be your own money manager

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

Elected by the shareholders, the Amcor Plc's board of directors comprises two types of representatives: Amcor Plc inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Amcor. The board's role is to monitor Amcor Plc's management team and ensure that shareholders' interests are well served. Amcor Plc's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Amcor Plc's outside directors are responsible for providing unbiased perspectives on the board's policies.

BBus CPA	Exec CFO	Profile
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