Ardagh Metal Correlations
| AMBP Stock | USD 4.01 0.28 7.51% |
The correlation of Ardagh Metal 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 Ardagh Metal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ardagh Metal Packaging 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.
Modest diversification
The correlation between Ardagh Metal Packaging and NYA is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ardagh Metal Packaging and NYA in the same portfolio, assuming nothing else is changed.
Ardagh |
The ability to find closely correlated positions to Ardagh Metal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ardagh Metal 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 Ardagh Metal - 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 Ardagh Metal Packaging to buy it.
Moving against Ardagh Stock
| 0.55 | KRT | Karat Packaging Financial Report 8th of May 2024 | PairCorr |
| 0.52 | AS | Amer Sports | PairCorr |
| 0.51 | PKG | Packaging Corp Financial Report 22nd of July 2024 | PairCorr |
| 0.47 | OI | O I Glass | PairCorr |
| 0.47 | AVY | Avery Dennison Corp | PairCorr |
| 0.44 | MI | Marshall Ilsley Corp | PairCorr |
Related Correlations Analysis
| 0.79 | 0.55 | -0.38 | 0.86 | KRT | ||
| 0.79 | 0.21 | -0.31 | 0.67 | REYN | ||
| 0.55 | 0.21 | -0.11 | 0.79 | MYE | ||
| -0.38 | -0.31 | -0.11 | -0.27 | PTVE | ||
| 0.86 | 0.67 | 0.79 | -0.27 | AVY | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Ardagh Stock performing well and Ardagh Metal 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 Ardagh Metal'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KRT | 1.84 | 0.25 | 0.06 | (0.76) | 2.49 | 4.32 | 17.36 | |||
| REYN | 0.75 | 0.08 | (0.01) | (0.47) | 1.00 | 1.42 | 4.34 | |||
| MYE | 1.21 | 0.22 | 0.11 | 0.87 | 1.33 | 2.92 | 9.12 | |||
| PTVE | 1.46 | 0.07 | (0.01) | (0.30) | 2.43 | 2.61 | 12.51 | |||
| AVY | 0.74 | 0.11 | 0.04 | 3.33 | 0.78 | 2.20 | 4.43 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Ardagh Metal 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.Did you try this?
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Ardagh Metal Corporate Management
Elected by the shareholders, the Ardagh Metal's board of directors comprises two types of representatives: Ardagh Metal inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ardagh. The board's role is to monitor Ardagh Metal's management team and ensure that shareholders' interests are well served. Ardagh Metal'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, Ardagh Metal's outside directors are responsible for providing unbiased perspectives on the board's policies.
| David Matthews | Director | Profile | |
| Damien Brien | Non-Executive Independent Director | Profile | |
| Elizabeth Marcellino | Non-Executive Director | Profile | |
| Abigail Blunt | Non-Executive Director | Profile | |
| Edward White | Non-Executive Director | Profile | |
| Yves Elsen | Non-Executive Independent Director | Profile |
Already Invested in Ardagh Metal Packaging?
The danger of trading Ardagh Metal Packaging is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Ardagh Metal is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Ardagh Metal. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Ardagh Metal Packaging is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Ardagh Metal Packaging is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Ardagh Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Ardagh Metal Packaging Stock. Highlighted below are key reports to facilitate an investment decision about Ardagh Metal Packaging Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ardagh Metal Packaging. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. Note that the Ardagh Metal Packaging information on this page should be used as a complementary analysis to other Ardagh Metal's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Complementary Tools for Ardagh Stock analysis
When running Ardagh Metal's price analysis, check to measure Ardagh Metal'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 Ardagh Metal is operating at the current time. Most of Ardagh Metal's value examination focuses on studying past and present price action to predict the probability of Ardagh Metal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ardagh Metal's price. Additionally, you may evaluate how the addition of Ardagh Metal to your portfolios can decrease your overall portfolio volatility.
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Is Ardagh Metal's industry 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 Ardagh Metal. If investors know Ardagh 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 Ardagh Metal 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 (0.82) | Dividend Share 0.4 | Earnings Share (0.12) | Revenue Per Share 8.052 | Quarterly Revenue Growth 0.052 |
The market value of Ardagh Metal Packaging is measured differently than its book value, which is the value of Ardagh that is recorded on the company's balance sheet. Investors also form their own opinion of Ardagh Metal's value that differs from its market value or its book value, called intrinsic value, which is Ardagh Metal'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 Ardagh Metal's market value can be influenced by many factors that don't directly affect Ardagh Metal'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 Ardagh Metal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ardagh Metal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ardagh Metal'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.