AMCON Distributing Correlations

DIT Stock

USD 113.23 0.08 0.07%

The current 90-days correlation between AMCON Distributing and AMC Networks is -0.03 (i.e., Good diversification). The correlation of AMCON Distributing 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.

AMCON Distributing Correlation With Market

Excellent diversification

The correlation between AMCON Distributing and DJI is -0.67 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AMCON Distributing and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with AMCON Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in AMCON Distributing. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

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

Moving together with AMCON Stock

0.64	FUN	ToysRUs Anz Limited	Pair Corr
0.75	BROGF	BROGF	Pair Corr

Moving against AMCON Stock

0.67	CRH	CRH PLC ADR	Pair Corr
0.65	NEWTH	NewtekOne 8625 percent	Pair Corr
0.63	ENS	Enersys Earnings Call Today	Pair Corr
0.57	APETF	Alpha Esports Tech	Pair Corr
0.56	SCAGW	Scage Future Warrants	Pair Corr
0.53	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.53	OBYCF	Obayashi	Pair Corr
0.53	JUPGF	Jupiter Gold	Pair Corr
0.52	GNTX	Gentex	Pair Corr
0.43	CASH	Meta Financial Group	Pair Corr
0.42	WF	Woori Financial Group	Pair Corr
0.42	NSRPF	Novo Resources Corp	Pair Corr
0.41	EC	Ecopetrol SA ADR	Pair Corr
0.37	GGLDF	Getchell Gold Corp	Pair Corr
0.36	AMPH	Amphastar P	Pair Corr
0.36	SHPHF	Sihuan Pharmaceutical	Pair Corr
0.76	BNKHF	BOC Hong Kong	Pair Corr
0.73	FIBK	First Interstate Ban	Pair Corr
0.7	COMP	Compass Aggressive Push	Pair Corr
0.64	SPLPP	Steel Partners Holdings	Pair Corr
0.63	KCDMY	Kimberly Clark de	Pair Corr
0.61	PGEZF	Group Ten Metals	Pair Corr
0.59	YLLXF	Yellow Cake plc	Pair Corr
0.59	SVSN	Stereo Vision Entert	Pair Corr
0.58	SECVY	Seche Environnement	Pair Corr
0.57	OMC	Omnicom Group	Pair Corr
0.55	THO	Thor Industries	Pair Corr
0.54	MAT	Mattel Inc	Pair Corr

Related Correlations Analysis

	AMCX	ZH	THRY	ATEX	OOMA	IHRT	TTGT	MCS	STRZ	PLAY
AMCX		-0.7	0.46	-0.31	-0.24	0.56	0.34	0.29	0.77	0.08	AMCX
ZH	-0.7		0.13	-0.26	0.07	-0.03	-0.47	-0.16	-0.29	-0.5	ZH
THRY	0.46	0.13		-0.87	-0.19	0.83	-0.01	0.09	0.67	-0.55	THRY
ATEX	-0.31	-0.26	-0.87		0.33	-0.65	0.27	0.0	-0.49	0.65	ATEX
OOMA	-0.24	0.07	-0.19	0.33		-0.15	0.42	0.25	-0.21	0.42	OOMA
IHRT	0.56	-0.03	0.83	-0.65	-0.15		0.08	0.27	0.71	-0.35	IHRT
TTGT	0.34	-0.47	-0.01	0.27	0.42	0.08		0.31	0.22	0.62	TTGT
MCS	0.29	-0.16	0.09	0.0	0.25	0.27	0.31		0.22	0.43	MCS
STRZ	0.77	-0.29	0.67	-0.49	-0.21	0.71	0.22	0.22		-0.16	STRZ
PLAY	0.08	-0.5	-0.55	0.65	0.42	-0.35	0.62	0.43	-0.16		PLAY
	AMCX	ZH	THRY	ATEX	OOMA	IHRT	TTGT	MCS	STRZ	PLAY

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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

IHRT	+ 0.83	THRY
STRZ	+ 0.77	AMCX
STRZ	+ 0.71	IHRT
STRZ	+ 0.67	THRY
PLAY	+ 0.65	ATEX
PLAY	+ 0.62	TTGT

High negative correlations

ATEX	- 0.87	THRY
ZH	- 0.7	AMCX
IHRT	- 0.65	ATEX
PLAY	- 0.55	THRY
PLAY	- 0.5	ZH
STRZ	- 0.49	ATEX

Risk-Adjusted Indicators

There is a big difference between AMCON Stock performing well and AMCON Distributing 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 AMCON Distributing'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
AMCX	2.04	0.00	(0.01)	0.08	2.18	(2.48)	4.54	(3.58)	13.26
ZH	2.25	(0.20)	0.00	(0.33)	0.00	0.00	3.62	(4.82)	22.47
THRY	2.76	(0.94)	0.00	(0.47)	0.00	0.00	4.32	(6.70)	14.37
ATEX	2.57	0.66	0.19	1.22	2.51	(2.74)	8.68	(4.69)	20.21
OOMA	2.12	(0.08)	(0.02)	0.00	3.38	(2.20)	4.30	(3.85)	22.40
IHRT	2.86	(0.39)	0.00	(0.21)	0.00	0.00	7.49	(5.90)	20.27
TTGT	2.23	(0.12)	(0.02)	0.01	2.78	(2.48)	5.93	(5.15)	15.02
MCS	1.31	0.00	(0.01)	0.08	1.54	(1.38)	3.45	(2.82)	7.62
STRZ	2.65	(0.17)	0.00	(0.16)	0.00	0.00	6.19	(5.43)	17.68
PLAY	3.26	0.27	0.09	0.22	3.41	(3.78)	7.62	(5.66)	22.94

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