Amcor PLC Correlations

AMCR Stock

USD 8.35 0.08 0.97%

The current 90-days correlation between Amcor PLC and Packaging Corp of is 0.4 (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

Average diversification

The correlation between Amcor PLC and DJI is 0.17 (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.

Build AI portfolio with Amcor Stock

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 private.

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	SLGN	Silgan Holdings Earnings Call Tomorrow	Pair Corr
0.71	VFS	VinFast Auto	Pair Corr
0.75	VFSWW	VinFast Auto	Pair Corr

Moving against Amcor Stock

0.81	ATCOL	Atlas Corp	Pair Corr
0.75	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.7	EC	Ecopetrol SA ADR	Pair Corr
0.39	WF	Woori Financial Group	Pair Corr
0.31	TLK	Telkom Indonesia Tbk Earnings Call This Week	Pair Corr
0.81	IMDXF	Imdex Limited	Pair Corr
0.77	CMC	Commercial Metals	Pair Corr
0.77	CABHF	Carlsberg AS	Pair Corr
0.75	BK-PK	Bank of New York Mellon	Pair Corr
0.73	HHUSF	Hua Hong Semiconductor Tech Boost	Pair Corr
0.73	NBIS	Nebius Group NV Aggressive Push	Pair Corr
0.71	TEN	Tsakos Energy Navigation	Pair Corr
0.68	SNPTF	Sunny Optical Technology	Pair Corr
0.6	LAKE	Lakeland Industries	Pair Corr
0.6	RGNX	Regenxbio	Pair Corr
0.57	SNOW	Snowflake	Pair Corr
0.53	FULC	Fulcrum Therapeutics	Pair Corr
0.5	AILLO	Ameren Illinois	Pair Corr
0.49	BWXT	BWX Technologies Earnings Call This Week	Pair Corr
0.49	PLSH	Panacea Life Sciences	Pair Corr
0.39	BMXC	Bemax Inc	Pair Corr
0.87	DDS	Dillards,	Pair Corr
0.81	BIRNF	BCI Minerals Limited	Pair Corr
0.77	GSISF	Genesis Minerals	Pair Corr
0.75	APP	Applovin Corp	Pair Corr
0.75	CMUV	CMUV Bancorp	Pair Corr
0.69	BLLYF	Bluejay Mining plc	Pair Corr

Related Correlations Analysis

	PKG	GPC	BALL	IHG	RL	APTV	DKS	SW	LULU	BURL
PKG		0.65	-0.61	0.55	0.47	0.82	0.46	0.13	-0.45	-0.21	PKG
GPC	0.65		-0.31	0.42	-0.03	0.53	0.42	0.17	-0.26	-0.01	GPC
BALL	-0.61	-0.31		-0.51	-0.62	-0.82	-0.6	0.54	0.78	0.45	BALL
IHG	0.55	0.42	-0.51		0.43	0.65	0.52	-0.12	-0.32	-0.06	IHG
RL	0.47	-0.03	-0.62	0.43		0.68	0.49	-0.33	-0.6	-0.37	RL
APTV	0.82	0.53	-0.82	0.65	0.68		0.73	-0.3	-0.65	-0.48	APTV
DKS	0.46	0.42	-0.6	0.52	0.49	0.73		-0.41	-0.49	-0.37	DKS
SW	0.13	0.17	0.54	-0.12	-0.33	-0.3	-0.41		0.51	0.67	SW
LULU	-0.45	-0.26	0.78	-0.32	-0.6	-0.65	-0.49	0.51		0.55	LULU
BURL	-0.21	-0.01	0.45	-0.06	-0.37	-0.48	-0.37	0.67	0.55		BURL
	PKG	GPC	BALL	IHG	RL	APTV	DKS	SW	LULU	BURL

Please upgrade your account to get full access to Macroaxis premium features

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

APTV	+ 0.82	PKG
LULU	+ 0.78	BALL
DKS	+ 0.73	APTV
APTV	+ 0.68	RL
BURL	+ 0.67	SW
GPC	+ 0.65	PKG

High negative correlations

APTV	- 0.82	BALL
LULU	- 0.65	APTV
RL	- 0.62	BALL
BALL	- 0.61	PKG
LULU	- 0.6	RL
DKS	- 0.6	BALL

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
PKG	1.15	(0.04)	(0.05)	0.02	1.41	(1.17)	2.13	(2.19)	10.13
GPC	0.92	(0.09)	0.00	(0.02)	0.00	0.00	2.32	(1.75)	5.41
BALL	1.02	(0.31)	0.00	(0.33)	0.00	0.00	2.08	(2.50)	6.54
IHG	1.21	0.03	0.02	0.12	1.25	(1.36)	2.75	(1.94)	9.80
RL	1.34	0.09	0.05	0.15	1.92	(1.31)	3.31	(2.92)	10.11
APTV	1.30	0.16	0.15	0.17	1.19	(1.55)	3.00	(2.33)	10.04
DKS	1.72	(0.03)	0.01	0.06	1.97	(1.83)	4.78	(3.58)	11.09
SW	1.47	(0.25)	0.00	(0.12)	0.00	0.00	2.75	(3.48)	10.84
LULU	1.94	(0.45)	0.00	(0.09)	0.00	0.00	3.84	(3.56)	23.33
BURL	1.58	(0.15)	0.00	(0.02)	0.00	0.00	3.19	(3.00)	11.18

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC