Amcor PLC Correlations

AMCR Stock

USD 9.84 0.08 0.81%

The current 90-days correlation between Amcor PLC and Crown Holdings is 0.41 (i.e., Very weak 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

Very weak diversification

The correlation between Amcor PLC and DJI is 0.47 (i.e., Very weak 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.

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 main economic indicators.

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

Moving together with Amcor Stock

0.73	OI	O I Glass Sell-off Trend	Pair Corr
0.81	CCK	Crown Holdings	Pair Corr
0.66	PTVE	Pactiv Evergreen	Pair Corr
0.98	BERY	Berry Global Group	Pair Corr
0.68	EFOI	Energy Focu Earnings Call Today	Pair Corr
0.66	CYD	China Yuchai Interna Downward Rally	Pair Corr
0.72	KAR	KAR Auction Services	Pair Corr

Moving against Amcor Stock

0.55	PKG	Packaging Corp	Pair Corr
0.51	BALL	Ball Sell-off Trend	Pair Corr
0.42	OCTO	Eightco Holdings	Pair Corr
0.38	MGIH	Millennium Group Int	Pair Corr
0.76	IVP	Inspire Veterinary	Pair Corr
0.69	DMN	Damon Common Stock	Pair Corr
0.67	ECG	Everus Construction	Pair Corr
0.67	MMA	Alta Global Group	Pair Corr
0.64	IPW	iPower Inc	Pair Corr
0.64	KFS	Kingsway Financial	Pair Corr
0.62	FIGS	Figs Inc	Pair Corr
0.57	F-PC	Ford Motor	Pair Corr
0.5	F-PD	F PD	Pair Corr
0.47	MLR	Miller Industries	Pair Corr
0.41	MED	MEDIFAST INC	Pair Corr
0.35	F-PB	Ford Motor	Pair Corr
0.35	HNI	HNI Corp	Pair Corr

Related Correlations Analysis

	CCK	AVY	PKG	SEE	WRK	OI	SLGN	GPK	REYN	BALL
CCK		-0.12	-0.45	-0.2	0.0	0.78	0.29	0.12	-0.4	-0.23	CCK
AVY	-0.12		0.84	0.73	0.0	-0.24	0.35	0.81	0.76	0.77	AVY
PKG	-0.45	0.84		0.8	0.0	-0.53	0.18	0.63	0.82	0.7	PKG
SEE	-0.2	0.73	0.8		0.0	-0.14	0.64	0.65	0.79	0.54	SEE
WRK	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	WRK
OI	0.78	-0.24	-0.53	-0.14	0.0		0.34	-0.02	-0.36	-0.32	OI
SLGN	0.29	0.35	0.18	0.64	0.0	0.34		0.48	0.34	0.13	SLGN
GPK	0.12	0.81	0.63	0.65	0.0	-0.02	0.48		0.7	0.77	GPK
REYN	-0.4	0.76	0.82	0.79	0.0	-0.36	0.34	0.7		0.85	REYN
BALL	-0.23	0.77	0.7	0.54	0.0	-0.32	0.13	0.77	0.85		BALL
	CCK	AVY	PKG	SEE	WRK	OI	SLGN	GPK	REYN	BALL

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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	+ 0.85	REYN
PKG	+ 0.84	AVY
REYN	+ 0.82	PKG
GPK	+ 0.81	AVY
SEE	+ 0.8	PKG
REYN	+ 0.79	SEE

High negative correlations

OI	- 0.53	PKG
PKG	- 0.45	CCK
REYN	- 0.4	CCK
REYN	- 0.36	OI
BALL	- 0.32	OI
OI	- 0.24	AVY

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
CCK	1.13	0.13	0.11	0.05	1.27	(1.18)	2.61	(1.97)	7.55
AVY	1.03	(0.11)	0.00	(0.28)	0.00	0.00	1.60	(2.41)	7.69
PKG	1.03	(0.16)	0.00	(0.25)	0.00	0.00	1.53	(2.67)	11.56
SEE	1.30	(0.17)	0.00	(0.22)	0.00	0.00	2.56	(3.43)	10.62
WRK	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OI	2.09	0.23	0.06	0.05	2.74	(1.95)	4.38	(4.13)	14.32
SLGN	1.08	(0.07)	0.00	(0.17)	0.00	0.00	1.65	(2.55)	8.24
GPK	1.09	(0.11)	0.00	(0.27)	0.00	0.00	2.05	(2.51)	8.16
REYN	1.22	(0.24)	0.00	(1.21)	0.00	0.00	1.73	(3.17)	8.61
BALL	1.15	(0.09)	0.00	(0.27)	0.00	0.00	2.39	(2.72)	9.70

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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