Correlation Between AMC Entertainment and Xcelmobility

Can any of the company-specific risk be diversified away by investing in both AMC Entertainment and Xcelmobility 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 Entertainment and Xcelmobility into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between AMC Entertainment Holdings and Xcelmobility, you can compare the effects of market volatilities on AMC Entertainment and Xcelmobility 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 Entertainment with a short position of Xcelmobility. Check out your portfolio center. Please also check ongoing floating volatility patterns of AMC Entertainment and Xcelmobility.

Diversification Opportunities for AMC Entertainment and Xcelmobility

0.0

Correlation Coefficient

AMC Entertainment  Xcelmobility

Pay attention - limited upside

The 3 months correlation between AMC and Xcelmobility is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding AMC Entertainment Holdings and Xcelmobility in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Xcelmobility and AMC Entertainment 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 Entertainment Holdings are associated (or correlated) with Xcelmobility. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Xcelmobility has no effect on the direction of AMC Entertainment i.e., AMC Entertainment and Xcelmobility go up and down completely randomly.

Pair Corralation between AMC Entertainment and Xcelmobility

If you would invest  290.00  in AMC Entertainment Holdings on May 17, 2025 and sell it today you would earn a total of  14.00  from holding AMC Entertainment Holdings or generate 4.83% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	98.36%
Values	Daily Returns

AMC Entertainment Holdings  vs.  Xcelmobility

AMC Entertainment

Risk-Adjusted Performance

Soft

Compared to the overall equity markets, risk-adjusted returns on investments in AMC Entertainment Holdings are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. In spite of rather conflicting primary indicators, AMC Entertainment may actually be approaching a critical reversion point that can send shares even higher in September 2025.

Xcelmobility

Risk-Adjusted Performance

Weakest

Over the last 90 days Xcelmobility has generated negative risk-adjusted returns adding no value to investors with long positions. Despite quite persistent essential indicators, Xcelmobility is not utilizing all of its potentials. The current stock price mess, may contribute to short-term losses for the institutional investors.

Pair Trading with AMC Entertainment and Xcelmobility

The main advantage of trading using opposite AMC Entertainment and Xcelmobility positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if AMC Entertainment position performs unexpectedly, Xcelmobility 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 Xcelmobility will offset losses from the drop in Xcelmobility's long position.

The idea behind AMC Entertainment Holdings and Xcelmobility 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 Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.