AMCON Distributing Correlations

DIT Stock

USD 115.74 0.74 0.64%

The current 90-days correlation between AMCON Distributing and The Chefs Warehouse 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

Average diversification

The correlation between AMCON Distributing and DJI is 0.13 (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 against AMCON Stock

0.7	DOGZ	Dogness International	Pair Corr
0.48	FNKO	Funko Inc	Pair Corr
0.36	PHH	Park Ha Biological	Pair Corr
0.33	SPWH	Sportsmans	Pair Corr
0.32	EPSM	Epsium Enterprise	Pair Corr
0.47	WING	Wingstop Earnings Call This Week	Pair Corr
0.41	DIN	Dine Brands Global	Pair Corr

Related Correlations Analysis

	CHEF	WILC	SPTN	CVGW	PACV	COLFF	BZLFY	WDRP	HFFG	AVO
CHEF		0.51	0.36	-0.15	0.0	0.09	0.47	-0.37	-0.33	0.45	CHEF
WILC	0.51		0.88	0.08	0.0	0.75	-0.14	-0.51	-0.84	0.76	WILC
SPTN	0.36	0.88		0.14	0.0	0.78	-0.07	-0.38	-0.73	0.58	SPTN
CVGW	-0.15	0.08	0.14		0.0	0.17	-0.27	0.07	-0.17	0.25	CVGW
PACV	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	PACV
COLFF	0.09	0.75	0.78	0.17	0.0		-0.26	-0.22	-0.55	0.38	COLFF
BZLFY	0.47	-0.14	-0.07	-0.27	0.0	-0.26		0.12	0.36	-0.24	BZLFY
WDRP	-0.37	-0.51	-0.38	0.07	0.0	-0.22	0.12		0.59	-0.67	WDRP
HFFG	-0.33	-0.84	-0.73	-0.17	0.0	-0.55	0.36	0.59		-0.87	HFFG
AVO	0.45	0.76	0.58	0.25	0.0	0.38	-0.24	-0.67	-0.87		AVO
	CHEF	WILC	SPTN	CVGW	PACV	COLFF	BZLFY	WDRP	HFFG	AVO

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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

SPTN	+ 0.88	WILC
COLFF	+ 0.78	SPTN
AVO	+ 0.76	WILC
COLFF	+ 0.75	WILC
HFFG	+ 0.59	WDRP
AVO	+ 0.58	SPTN

High negative correlations

AVO	- 0.87	HFFG
HFFG	- 0.84	WILC
HFFG	- 0.73	SPTN
AVO	- 0.67	WDRP
HFFG	- 0.55	COLFF
WDRP	- 0.51	WILC

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
CHEF	1.54	0.12	0.01	0.40	2.09	(1.54)	3.67	(3.39)	13.32
WILC	1.74	0.35	0.15	0.66	1.69	(1.92)	4.93	(2.97)	11.98
SPTN	2.28	0.38	0.19	0.55	1.51	(3.26)	3.78	(2.50)	51.08
CVGW	1.81	(0.23)	0.00	(0.02)	0.00	0.00	3.35	(2.84)	20.25
PACV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
COLFF	0.93	0.02	(0.03)	0.03	1.96	(5.12)	4.76	(3.28)	11.74
BZLFY	0.99	(0.14)	(0.14)	0.02	1.25	(1.04)	2.09	(1.96)	6.38
WDRP	6.12	(0.07)	(0.01)	0.06	7.58	(15.57)	16.67	(14.29)	39.29
HFFG	2.37	(0.55)	0.00	(0.43)	0.00	0.00	4.21	(5.41)	20.28
AVO	1.48	0.05	0.01	0.26	1.62	(1.58)	3.49	(2.65)	8.29

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