AMC Entertainment Correlations

Stocks . USA . 
Stock . AMC Entertainment Holdings
AMC Stock  USD 3.05  0.02  0.65%   
The current 90-days correlation between AMC Entertainment and Cinemark Holdings is 0.35 (i.e., Weak diversification). The correlation of AMC Entertainment 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.

AMC Entertainment Correlation With Market

Modest diversification

The correlation between AMC Entertainment Holdings and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AMC Entertainment Holdings and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AMC Entertainment Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with AMC Stock

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  0.71ZD Ziff DavisPairCorr
  0.69ANGHW Anghami WarrantsPairCorr
  0.69WIMI WiMi Hologram CloudPairCorr

Moving against AMC Stock

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  0.69SE SeaPairCorr
  0.67TU Telus CorpPairCorr
  0.63VZ Verizon Communications Sell-off TrendPairCorr
  0.55CURIW CuriosityStreamPairCorr
  0.48IQ iQIYI IncPairCorr
  0.47WB Weibo CorpPairCorr
  0.71EVER EverQuote Class APairCorr
  0.66YY YY Inc ClassPairCorr
  0.65BATRA Atlanta Braves Holdings,PairCorr
  0.49CCG Cheche Group ClassPairCorr
  0.47ZH Zhihu Inc ADRPairCorr
  0.45BCE BCE IncPairCorr
  0.43VEON VEONPairCorr
  0.41BATRK Atlanta Braves Holdings,PairCorr

Related Correlations Analysis

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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   
NFLX
+ 0.68
ROKU
DIS
+ 0.61
CNK
PARAA
+ 0.59
PARA
DIS
+ 0.57
ROKU
WBD
+ 0.54
PARA
PARAA
+ 0.4
NFLX
  
High negative correlations   
PARA
- 0.77
CNK
DIS
- 0.58
PARA
PARAA
- 0.39
CNK
WBD
- 0.36
CNK
PARAA
- 0.28
DIS
PARA
- 0.05
ROKU

Risk-Adjusted Indicators

There is a big difference between AMC Stock performing well and AMC Entertainment 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 AMC Entertainment'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.

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