AMC Networks Correlations

AMCX Stock

USD 7.31 0.15 2.09%

The current 90-days correlation between AMC Networks and Nexstar Broadcasting Group is 0.06 (i.e., Significant diversification). The correlation of AMC Networks 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.

AMC Networks Correlation With Market

Modest diversification

The correlation between AMC Networks and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AMC Networks 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 Networks. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

For more information on how to buy AMC Stock please use our How to Invest in AMC Networks guide.

Moving together with AMC Stock

0.78	CCO	Clear Channel Outdoor	Pair Corr
0.64	DIS	Walt Disney	Pair Corr
0.83	EEX	Emerald Expositions	Pair Corr
0.84	GCI	Gannett	Pair Corr
0.65	HAO	Haoxi Health Technology	Pair Corr
0.86	LEE	Lee Enterprises Upward Rally	Pair Corr
0.88	LVO	LiveOne	Pair Corr
0.78	MCS	Marcus	Pair Corr
0.8	NYT	New York Times	Pair Corr
0.66	OMC	Omnicom Group	Pair Corr
0.65	GAIA	Gaia Inc Earnings Call This Week	Pair Corr
0.84	TSQ	Townsquare Media	Pair Corr
0.73	WPP	WPP PLC ADR	Pair Corr
0.78	KUKE	Kuke Music Holding	Pair Corr
0.61	MSGE	Madison Square Garden	Pair Corr
0.64	NCMI	National CineMedia	Pair Corr
0.87	NCTY	The9 Ltd ADR	Pair Corr

Moving against AMC Stock

0.62	FOXA	Fox Corp Class	Pair Corr
0.58	SE	Sea	Pair Corr
0.52	PSO	Pearson PLC ADR	Pair Corr
0.49	WMG	Warner Music Group	Pair Corr
0.75	T	ATT Inc Earnings Call This Week	Pair Corr
0.62	NXST	Nexstar Broadcasting	Pair Corr
0.6	KT	KT Corporation	Pair Corr
0.59	QMMM	QMMM Holdings Limited	Pair Corr
0.58	LBRDA	Liberty Broadband Srs	Pair Corr
0.57	LBRDK	Liberty Broadband Srs	Pair Corr
0.54	ABTS	Abits Group	Pair Corr
0.43	CURIW	CuriosityStream	Pair Corr

Related Correlations Analysis

	NXST	NWS	FOXA	FWONA	FOX	NWSA	PARAA	FWONK	BATRA
NXST		-0.23	0.18	-0.6	0.1	-0.34	0.23	-0.62	0.19	NXST
NWS	-0.23		0.62	0.78	0.66	0.91	0.36	0.69	0.78	NWS
FOXA	0.18	0.62		0.38	0.99	0.4	0.33	0.22	0.84	FOXA
FWONA	-0.6	0.78	0.38		0.46	0.85	0.06	0.98	0.45	FWONA
FOX	0.1	0.66	0.99	0.46		0.46	0.33	0.3	0.84	FOX
NWSA	-0.34	0.91	0.4	0.85	0.46		0.29	0.82	0.55	NWSA
PARAA	0.23	0.36	0.33	0.06	0.33	0.29		-0.04	0.43	PARAA
FWONK	-0.62	0.69	0.22	0.98	0.3	0.82	-0.04		0.33	FWONK
BATRA	0.19	0.78	0.84	0.45	0.84	0.55	0.43	0.33		BATRA
	NXST	NWS	FOXA	FWONA	FOX	NWSA	PARAA	FWONK	BATRA

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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

FOX	+ 0.99	FOXA
FWONK	+ 0.98	FWONA
NWSA	+ 0.91	NWS
NWSA	+ 0.85	FWONA
BATRA	+ 0.84	FOXA
BATRA	+ 0.84	FOX

High negative correlations

FWONK	- 0.62	NXST
FWONA	- 0.6	NXST
NWSA	- 0.34	NXST
NWS	- 0.23	NXST
FWONK	- 0.04	PARAA

Risk-Adjusted Indicators

There is a big difference between AMC Stock performing well and AMC Networks 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 Networks' 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
NXST	1.28	0.22	0.14	0.22	1.50	(1.41)	2.73	(2.34)	15.55
NWS	0.93	0.02	0.00	(0.05)	0.00	0.00	1.78	(1.92)	8.72
FOXA	1.14	0.26	0.24	0.45	1.09	(1.40)	2.47	(2.38)	7.97
FWONA	1.34	0.02	0.00	(0.06)	0.00	0.00	2.34	(3.51)	11.33
FOX	1.12	0.22	0.21	0.34	1.09	(1.27)	2.73	(2.02)	7.90
NWSA	0.90	(0.04)	0.00	(0.13)	0.00	0.00	1.90	(1.79)	7.78
PARAA	0.57	0.01	0.09	0.00	0.73	(0.63)	1.15	(1.34)	5.40
FWONK	1.27	(0.01)	0.00	(0.09)	0.00	0.00	2.47	(3.18)	9.82
BATRA	0.80	0.09	0.14	0.10	0.87	(0.97)	1.90	(1.61)	4.51

AMC Networks Corporate Management

Ben Davis	Executive Studios	Profile
Salvatore Romanello	Executive Counsel	Profile
Georgia Juvelis	Executive Communications	Profile
Kimberly Kelleher	Chief Officer	Profile
Kristin Dolan	Chief Officer	Profile
Stephanie MitchkoBeale	Executive Technology	Profile

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