Correlation Between AMC Networks and E W

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

By analyzing existing cross correlation between AMC Networks and E W Scripps, you can compare the effects of market volatilities on AMC Networks and E W 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 E W. Check out your portfolio center. Please also check ongoing floating volatility patterns of AMC Networks and E W.

Diversification Opportunities for AMC Networks and E W

-0.49

Correlation Coefficient

AMC Networks  E W

Very good diversification

The 3 months correlation between AMC and SSP is -0.49. Overlapping area represents the amount of risk that can be diversified away by holding AMC Networks and E W Scripps in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on E W Scripps 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 E W. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of E W Scripps has no effect on the direction of AMC Networks i.e., AMC Networks and E W go up and down completely randomly.

Pair Corralation between AMC Networks and E W

Given the investment horizon of 90 days AMC Networks is expected to generate 0.56 times more return on investment than E W. However, AMC Networks is 1.79 times less risky than E W. It trades about 0.07 of its potential returns per unit of risk. E W Scripps is currently generating about 0.03 per unit of risk. If you would invest  585.00  in AMC Networks on May 12, 2025 and sell it today you would earn a total of  68.00  from holding AMC Networks or generate 11.62% return on investment over 90 days.

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

AMC Networks  vs.  E W Scripps

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 weak fundamental indicators, AMC Networks showed solid returns over the last few months and may actually be approaching a breakup point.

E W Scripps

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in E W Scripps are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. Even with relatively inconsistent basic indicators, E W may actually be approaching a critical reversion point that can send shares even higher in September 2025.

Pair Trading with AMC Networks and E W

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

The idea behind AMC Networks and E W Scripps 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 Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.