AMC Networks Correlations

AMCX Stock

USD 8.66 0.41 4.97%

The current 90-days correlation between AMC Networks and Alliance Entertainment Holding is 0.05 (i.e., Significant diversification). The correlation of AMC Networks 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.

AMC Networks Correlation With Market

Very good diversification

The correlation between AMC Networks and DJI is -0.27 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AMC Networks and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with AMC Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AMC Networks. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in services.

For more information on how to buy AMC Stock please use our How to Invest in AMC Networks guide.

Moving together with AMC Stock

0.7	GTN	Gray Television Earnings Call Next Week	Pair Corr
0.74	SSP	E W Scripps Earnings Call This Week	Pair Corr
0.8	NR8	NRJ GROUP SA	Pair Corr
0.79	SQ6B	E W Scripps Earnings Call This Week	Pair Corr
0.81	IHRT	iHeartMedia Class Earnings Call Next Week	Pair Corr
0.62	GCZB	Gray Television Earnings Call Next Week	Pair Corr
0.71	3QT1	CURIOSITYSTREAM A 0001	Pair Corr
0.78	NMAX	Newsmax	Pair Corr
0.69	SXL	Southern Cross Media Earnings Call This Week	Pair Corr

Moving against AMC Stock

0.8	317A	STINGRAY GROUP INC	Pair Corr
0.66	RRTL	RTL Group SA	Pair Corr
0.65	SES	SES SA	Pair Corr
0.63	TSQ	Townsquare Media	Pair Corr
0.47	RRTU	RTL GROUP UNSPADR	Pair Corr
0.4	3YC	STV GROUP PLC	Pair Corr
0.32	PSM	Prosiebensat 1 Media	Pair Corr
0.81	SESG	SES S A	Pair Corr
0.79	RAY-A	Stingray Group	Pair Corr
0.66	RRTL	RTL Group SA	Pair Corr
0.59	SKM	SKY Perfect JSAT	Pair Corr
0.55	STVG	STV Group plc	Pair Corr
0.53	KA8	Klassik Radio AG	Pair Corr
0.51	SEGG	Lottery Symbol Change	Pair Corr
0.49	CMX	Catalyst Media Group	Pair Corr
0.42	RAY-B	Stingray Group	Pair Corr
0.36	OLU1	MCOT Public Earnings Call This Week	Pair Corr

Related Correlations Analysis

	AENT	IHRT	OOMA	STRZ	THRY	TTGT	ZH	ADV	GLTK	UPXI
AENT		0.42	0.22	0.58	0.52	0.55	-0.2	0.19	0.53	0.18	AENT
IHRT	0.42		-0.22	0.81	0.78	0.28	-0.25	0.2	0.03	0.39	IHRT
OOMA	0.22	-0.22		-0.13	-0.22	0.47	-0.04	-0.14	0.16	-0.25	OOMA
STRZ	0.58	0.81	-0.13		0.87	0.31	-0.15	0.37	0.23	0.57	STRZ
THRY	0.52	0.78	-0.22	0.87		0.25	-0.03	0.56	0.12	0.77	THRY
TTGT	0.55	0.28	0.47	0.31	0.25		-0.36	0.04	0.39	0.0	TTGT
ZH	-0.2	-0.25	-0.04	-0.15	-0.03	-0.36		0.46	-0.46	0.43	ZH
ADV	0.19	0.2	-0.14	0.37	0.56	0.04	0.46		-0.22	0.74	ADV
GLTK	0.53	0.03	0.16	0.23	0.12	0.39	-0.46	-0.22		-0.06	GLTK
UPXI	0.18	0.39	-0.25	0.57	0.77	0.0	0.43	0.74	-0.06		UPXI
	AENT	IHRT	OOMA	STRZ	THRY	TTGT	ZH	ADV	GLTK	UPXI

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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

THRY	+ 0.87	STRZ
STRZ	+ 0.81	IHRT
THRY	+ 0.78	IHRT
UPXI	+ 0.77	THRY
UPXI	+ 0.74	ADV
STRZ	+ 0.58	AENT

High negative correlations

GLTK	- 0.46	ZH
ZH	- 0.36	TTGT
UPXI	- 0.25	OOMA
ZH	- 0.25	IHRT
GLTK	- 0.22	ADV
THRY	- 0.22	OOMA

Risk-Adjusted Indicators

There is a big difference between AMC Stock performing well and AMC Networks 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 AMC Networks' 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	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AENT	3.56	(0.48)	(0.37)	0.00	0.00	9.79	(8.95)	25.37
IHRT	2.82	(0.30)	(0.13)	0.00	0.00	7.49	(5.83)	20.27
OOMA	2.17	(0.02)	0.02	3.53	(2.14)	4.30	(3.98)	22.40
STRZ	2.75	(0.22)	(0.26)	0.00	0.00	6.19	(5.56)	17.68
THRY	2.82	(0.77)	(0.38)	0.00	0.00	4.83	(6.70)	14.37
TTGT	1.99	(0.10)	(0.03)	0.00	0.00	4.71	(5.04)	14.79
ZH	2.34	(0.23)	(0.38)	0.00	0.00	3.62	(4.88)	22.47
ADV	4.33	(1.10)	(0.39)	0.00	0.00	6.67	(10.14)	37.90
GLTK	1.43	(0.53)	(1.99)	0.00	0.00	0.00	(3.00)	31.24
UPXI	5.67	(2.25)	(0.65)	0.00	0.00	11.51	(12.26)	38.70

AMC Networks Corporate Management

Ben Davis	Executive Studios	Profile
Salvatore Romanello	Executive Counsel	Profile
Georgia Juvelis	Executive Communications	Profile
Kimberly Kelleher	Chief Officer	Profile
Kristin Dolan	Chief Officer	Profile
Stephanie MitchkoBeale	Executive Technology	Profile

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