AMCON Distributing Correlations

DIT Stock

USD 112.00 4.01 3.46%

The current 90-days correlation between AMCON Distributing and Bridgford Foods is -0.02 (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

Significant diversification

The correlation between AMCON Distributing and DJI is 0.09 (i.e., Significant 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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0.39	LITE	Lumentum Holdings	Pair Corr
0.37	CIBN	Community Investors Trending	Pair Corr
0.34	OBYCF	Obayashi	Pair Corr
0.49	SCYT	Security Bancorp	Pair Corr
0.49	CMDB	Costamare Bulkers	Pair Corr
0.45	FSBH	First Southern Bank	Pair Corr
0.41	DGII	Digi International	Pair Corr
0.36	CHAR	Charlton Aria Acquisition	Pair Corr
0.35	EB	Eventbrite Class A	Pair Corr
0.35	CNX	CNX Resources Corp	Pair Corr
0.34	AVGO	Broadcom	Pair Corr
0.32	YTRA	Yatra Online	Pair Corr

Related Correlations Analysis

	LFS	BRID	BRLS	GNS	DTCK	STG	ATPC	DDC	HFFG	LFVN
LFS		-0.26	-0.28	-0.13	-0.36	-0.28	0.11	-0.36	-0.08	-0.31	LFS
BRID	-0.26		-0.07	0.2	-0.07	0.32	-0.43	0.2	0.29	0.35	BRID
BRLS	-0.28	-0.07		0.36	0.47	0.25	0.2	0.43	-0.34	0.17	BRLS
GNS	-0.13	0.2	0.36		-0.06	0.86	0.23	0.85	0.56	0.86	GNS
DTCK	-0.36	-0.07	0.47	-0.06		-0.1	0.1	0.14	-0.23	-0.1	DTCK
STG	-0.28	0.32	0.25	0.86	-0.1		0.16	0.9	0.68	0.95	STG
ATPC	0.11	-0.43	0.2	0.23	0.1	0.16		0.28	0.03	0.19	ATPC
DDC	-0.36	0.2	0.43	0.85	0.14	0.9	0.28		0.56	0.92	DDC
HFFG	-0.08	0.29	-0.34	0.56	-0.23	0.68	0.03	0.56		0.74	HFFG
LFVN	-0.31	0.35	0.17	0.86	-0.1	0.95	0.19	0.92	0.74		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

LFVN	+ 0.95	STG
LFVN	+ 0.92	DDC
DDC	+ 0.9	STG
STG	+ 0.86	GNS
LFVN	+ 0.86	GNS
DDC	+ 0.85	GNS

High negative correlations

ATPC	- 0.43	BRID
DDC	- 0.36	LFS
DTCK	- 0.36	LFS
HFFG	- 0.34	BRLS
LFVN	- 0.31	LFS
STG	- 0.28	LFS

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	29.86	9.20	0.75	0.68	11.65	(56.06)	35.05	(22.92)	617.95
BRID	2.00	0.00	(0.02)	0.05	2.56	(2.22)	5.12	(4.26)	12.89
BRLS	4.90	(0.18)	0.00	(0.06)	0.00	0.00	10.49	(13.88)	82.92
GNS	4.27	(0.43)	0.00	(0.08)	0.00	0.00	8.14	(7.50)	32.65
DTCK	9.91	0.50	0.03	0.32	17.25	(10.86)	24.31	(22.00)	144.78
STG	3.06	(0.55)	0.00	(0.74)	0.00	0.00	6.08	(5.98)	34.54
ATPC	6.82	0.32	0.03	0.13	15.80	(9.67)	7.38	(5.00)	104.60
DDC	5.48	(1.97)	0.00	(1.77)	0.00	0.00	8.44	(16.67)	50.12
HFFG	2.42	(0.40)	0.00	(0.30)	0.00	0.00	6.22	(5.84)	23.24
LFVN	2.34	(0.92)	0.00	(0.70)	0.00	0.00	3.54	(5.31)	18.83

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