AMCON Distributing Correlations

DIT Stock

USD 115.50 0.50 0.43%

The current 90-days correlation between AMCON Distributing and Zoom Video Communications is 0.13 (i.e., Average 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

Average diversification

The correlation between AMCON Distributing and DJI is 0.14 (i.e., Average 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.

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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

0.69

JFBR

Jeffs Brands

Pair Corr

Moving against AMCON Stock

0.73	EPSM	Epsium Enterprise	Pair Corr
0.63	EYE	National Vision Holdings	Pair Corr
0.55	LAD	Lithia Motors	Pair Corr
0.44	ASO	Academy Sports Outdoors	Pair Corr
0.43	ABG	Asbury Automotive	Pair Corr
0.41	BBY	Best Buy	Pair Corr
0.41	GPC	Genuine Parts	Pair Corr
0.32	PHH	Park Ha Biological	Pair Corr
0.72	SPWH	Sportsmans	Pair Corr
0.63	DOOO	BRP Inc	Pair Corr
0.62	BOOT	Boot Barn Holdings	Pair Corr
0.6	BC	Brunswick	Pair Corr
0.59	CPNG	Coupang LLC	Pair Corr
0.59	BH	Biglari Holdings	Pair Corr
0.55	LI	Li Auto	Pair Corr
0.55	RL	Ralph Lauren Corp	Pair Corr
0.54	VC	Visteon Corp	Pair Corr
0.49	UCAR	U Power Limited Downward Rally	Pair Corr
0.48	IH	Ihuman Inc	Pair Corr
0.45	ARHS	Arhaus Inc	Pair Corr
0.43	GM	General Motors Aggressive Push	Pair Corr
0.43	DOGZ	Dogness International	Pair Corr

Related Correlations Analysis

	MMTRS	STZ	WMG	ZM	VALN	KO	OTLY	PEP
MMTRS		-0.59	0.15	-0.41	-0.35	-0.25	0.28	0.34	MMTRS
STZ	-0.59		0.41	0.13	0.73	0.37	-0.7	0.17	STZ
WMG	0.15	0.41		-0.48	0.53	0.25	-0.45	0.67	WMG
ZM	-0.41	0.13	-0.48		-0.22	0.0	0.43	-0.78	ZM
VALN	-0.35	0.73	0.53	-0.22		0.49	-0.73	0.49	VALN
KO	-0.25	0.37	0.25	0.0	0.49		-0.15	0.22	KO
OTLY	0.28	-0.7	-0.45	0.43	-0.73	-0.15		-0.57	OTLY
PEP	0.34	0.17	0.67	-0.78	0.49	0.22	-0.57		PEP
	MMTRS	STZ	WMG	ZM	VALN	KO	OTLY	PEP

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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

VALN	+ 0.73	STZ
PEP	+ 0.67	WMG
VALN	+ 0.53	WMG
KO	+ 0.49	VALN
PEP	+ 0.49	VALN
OTLY	+ 0.43	ZM

High negative correlations

PEP	- 0.78	ZM
OTLY	- 0.73	VALN
OTLY	- 0.7	STZ
STZ	- 0.59	MMTRS
PEP	- 0.57	OTLY
ZM	- 0.48	WMG

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
MMTRS	1.24	(0.22)	0.00	(0.69)	0.00	0.00	4.17	(5.30)	11.60
STZ	1.20	(0.15)	0.00	(0.13)	0.00	0.00	2.30	(2.90)	11.14
WMG	1.44	(0.15)	0.00	(0.10)	0.00	0.00	2.26	(3.07)	13.96
ZM	1.19	0.01	0.00	0.11	1.76	(1.20)	2.05	(2.39)	11.09
VALN	2.36	(0.30)	0.00	(0.12)	0.00	0.00	4.35	(6.54)	18.89
KO	0.89	(0.02)	(0.08)	0.01	1.23	(0.88)	1.84	(1.70)	7.02
OTLY	2.79	0.39	0.09	0.84	3.06	(2.90)	7.53	(4.51)	18.70
PEP	1.09	(0.18)	0.00	(0.32)	0.00	0.00	2.20	(2.33)	8.66

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