Correlation Between AMC Networks and QVC

Can any of the company-specific risk be diversified away by investing in both AMC Networks and QVC at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining AMC Networks and QVC into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between AMC Networks and QVC Group, you can compare the effects of market volatilities on AMC Networks and QVC and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in AMC Networks with a short position of QVC. Check out your portfolio center. Please also check ongoing floating volatility patterns of AMC Networks and QVC.

Diversification Opportunities for AMC Networks and QVC

-0.85

Correlation Coefficient

AMC Networks  QVC

Pay attention - limited upside

The 3 months correlation between AMC and QVC is -0.85. Overlapping area represents the amount of risk that can be diversified away by holding AMC Networks and QVC Group in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on QVC Group and AMC Networks is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on AMC Networks are associated (or correlated) with QVC. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of QVC Group has no effect on the direction of AMC Networks i.e., AMC Networks and QVC go up and down completely randomly.

Pair Corralation between AMC Networks and QVC

Given the investment horizon of 90 days AMC Networks is expected to under-perform the QVC. But the stock apears to be less risky and, when comparing its historical volatility, AMC Networks is 5.1 times less risky than QVC. The stock trades about -0.01 of its potential returns per unit of risk. The QVC Group is currently generating about 0.02 of returns per unit of risk over similar time horizon. If you would invest  41,050  in QVC Group on July 23, 2025 and sell it today you would lose (38,550) from holding QVC Group or give up 93.91% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Significant
Accuracy	100.0%
Values	Daily Returns

AMC Networks  vs.  QVC Group

AMC Networks

Risk-Adjusted Performance

Mild

Compared to the overall equity markets, risk-adjusted returns on investments in AMC Networks are ranked lower than 5 (%) of all global equities and portfolios over the last 90 days. In spite of fairly uncertain fundamental indicators, AMC Networks showed solid returns over the last few months and may actually be approaching a breakup point.

QVC Group

Risk-Adjusted Performance

Weakest

Over the last 90 days QVC Group has generated negative risk-adjusted returns adding no value to investors with long positions. Despite unsteady performance in the last few months, the Stock's technical and fundamental indicators remain somewhat strong which may send shares a bit higher in November 2025. The current disturbance may also be a sign of long term up-swing for the company investors.

Pair Trading with AMC Networks and QVC

The main advantage of trading using opposite AMC Networks and QVC positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if AMC Networks position performs unexpectedly, QVC can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in QVC will offset losses from the drop in QVC's long position.

The idea behind AMC Networks and QVC Group pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis 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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .