Amcor Market Capitalization from 2010 to 2024
| AMCR Stock | USD 10.64 0.14 1.33% |
Check Amcor PLC financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Amcor PLC's main balance sheet or income statement drivers, such as Depreciation And Amortization of 616.4 M, Interest Expense of 365.4 M or Total Revenue of 9.4 B, as well as many indicators such as Price To Sales Ratio of 0.96, Dividend Yield of 0.0549 or PTB Ratio of 3.38. Amcor financial statements analysis is a perfect complement when working with Amcor PLC Valuation or Volatility modules.
Amcor | Market Capitalization |
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
| 0.85 | IP | International Paper | PairCorr |
| 0.73 | PKG | Packaging Corp Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.7 | KRT | Karat Packaging | PairCorr |
| 0.69 | SW | Smurfit WestRock plc | PairCorr |
| 0.63 | SLGN | Silgan Holdings | 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.