AMCON Distributing Correlations

DIT Stock

USD 109.00 0.28 0.26%

The current 90-days correlation between AMCON Distributing and Bridgford Foods is 0.03 (i.e., Significant 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

Good diversification

The correlation between AMCON Distributing and DJI is -0.08 (i.e., Good 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 against AMCON Stock

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0.63	GCT	GigaCloud Technology	Pair Corr
0.42	FNKO	Funko Inc	Pair Corr
0.36	600335	Sinomach Automobile	Pair Corr
0.33	ESALF	Eisai	Pair Corr
0.75	KGC	Kinross Gold Aggressive Push	Pair Corr
0.71	AEM	Agnico Eagle Mines	Pair Corr
0.67	JACK	Jack In	Pair Corr
0.67	SMEGF	Siemens Energy AG	Pair Corr
0.65	TLSNY	Telia Company	Pair Corr
0.6	CNI	Canadian National Railway	Pair Corr
0.58	MCHP	Microchip Technology	Pair Corr
0.58	ALRS	Alerus Financial Corp	Pair Corr
0.54	FYBR	Frontier Communications	Pair Corr
0.53	PAOG	Pao Group	Pair Corr
0.49	85855CAE0	STLA 6375 12	Pair Corr
0.42	KCRD	Kindcard	Pair Corr
0.33	DAC	Danaos	Pair Corr
0.76	SCGLF	Socit Gnrale Socit	Pair Corr
0.7	ALB	Albemarle Corp	Pair Corr
0.67	BEN	Franklin Resources	Pair Corr
0.63	NOMNF	CANEX Metals	Pair Corr
0.58	JPM	JPMorgan Chase	Pair Corr
0.57	NMIH	NMI Holdings	Pair Corr

Related Correlations Analysis

	LFS	BRID	BRLS	GNS	DTCK	STG	ATPC	DDC	HFFG	LFVN
LFS		-0.29	0.02	0.22	-0.22	-0.23	0.37	-0.09	0.18	-0.18	LFS
BRID	-0.29		-0.05	-0.15	-0.05	-0.04	-0.21	0.07	0.03	0.28	BRID
BRLS	0.02	-0.05		0.54	0.64	0.17	0.68	0.89	-0.15	0.66	BRLS
GNS	0.22	-0.15	0.54		0.28	0.59	0.48	0.67	0.13	0.6	GNS
DTCK	-0.22	-0.05	0.64	0.28		0.11	0.38	0.62	-0.13	0.32	DTCK
STG	-0.23	-0.04	0.17	0.59	0.11		-0.07	0.41	-0.13	0.47	STG
ATPC	0.37	-0.21	0.68	0.48	0.38	-0.07		0.67	0.14	0.53	ATPC
DDC	-0.09	0.07	0.89	0.67	0.62	0.41	0.67		-0.16	0.85	DDC
HFFG	0.18	0.03	-0.15	0.13	-0.13	-0.13	0.14	-0.16		0.06	HFFG
LFVN	-0.18	0.28	0.66	0.6	0.32	0.47	0.53	0.85	0.06		LFVN
	LFS	BRID	BRLS	GNS	DTCK	STG	ATPC	DDC	HFFG	LFVN

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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

DDC	+ 0.89	BRLS
LFVN	+ 0.85	DDC
ATPC	+ 0.68	BRLS
DDC	+ 0.67	GNS
DDC	+ 0.67	ATPC
LFVN	+ 0.66	BRLS

High negative correlations

BRID	- 0.29	LFS
STG	- 0.23	LFS
DTCK	- 0.22	LFS
ATPC	- 0.21	BRID
LFVN	- 0.18	LFS
HFFG	- 0.16	DDC

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
LFS	22.51	5.69	0.61	0.41	10.04	(39.81)	21.84	(20.08)	617.95
BRID	2.24	0.11	0.02	0.29	2.37	(2.63)	5.13	(4.00)	14.75
BRLS	3.98	(1.70)	0.00	(1.41)	0.00	0.00	5.65	(12.35)	40.56
GNS	3.80	(0.96)	0.00	(0.14)	0.00	0.00	8.11	(7.25)	24.04
DTCK	12.96	1.17	0.06	0.77	18.35	(14.68)	35.65	(22.00)	144.78
STG	3.02	(0.35)	0.00	(0.49)	0.00	0.00	6.03	(7.69)	34.54
ATPC	10.33	0.77	0.05	0.33	15.58	(17.86)	9.76	(14.29)	189.71
DDC	5.93	(1.41)	0.00	(0.42)	0.00	0.00	8.70	(16.67)	39.80
HFFG	2.26	(0.26)	0.00	(0.14)	0.00	0.00	5.39	(4.89)	18.41
LFVN	2.67	(0.53)	0.00	(0.34)	0.00	0.00	4.46	(7.58)	18.83

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