AMCON Distributing Correlations

DIT Stock

USD 134.82 6.19 4.81%

The current 90-days correlation between AMCON Distributing and The Chefs Warehouse is 0.21 (i.e., Modest 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

Modest diversification

The correlation between AMCON Distributing and DJI is 0.22 (i.e., Modest 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.

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 together with AMCON Stock

0.64	AEO	American Eagle Outfitters	Pair Corr
0.76	ASO	Academy Sports Outdoors Earnings Call Today	Pair Corr
0.74	BBY	Best Buy	Pair Corr
0.61	BGI	Birks Group	Pair Corr
0.74	DBI	Designer Brands Earnings Call This Week	Pair Corr
0.81	GES	Guess Inc Downward Rally	Pair Corr
0.69	GPC	Genuine Parts	Pair Corr
0.78	HVT	Haverty Furniture	Pair Corr
0.64	LKQ	LKQ Corporation	Pair Corr

Moving against AMCON Stock

0.79	LB	LandBridge Company	Pair Corr
0.76	VSCO	Victorias Secret	Pair Corr
0.72	WRBY	Warby Parker Downward Rally	Pair Corr
0.53	WEYS	Weyco Group	Pair Corr
0.49	ABG	Asbury Automotive	Pair Corr
0.38	HD	Home Depot Sell-off Trend	Pair Corr
0.58	BKE	Buckle Inc	Pair Corr
0.57	GME	GameStop Corp Earnings Call This Week	Pair Corr
0.56	DDS	Dillards	Pair Corr
0.4	EYE	National Vision Holdings	Pair Corr
0.33	GCT	GigaCloud Technology	Pair Corr
0.72	LAD	Lithia Motors	Pair Corr
0.63	GLBE	Global E Online	Pair Corr
0.46	SAH	Sonic Automotive	Pair Corr
0.44	GPI	Group 1 Automotive	Pair Corr

Related Correlations Analysis

	CHEF	WILC	SPTN	CVGW	BZLFY	WDRP	HFFG	AVO	ANDE	PFGC
CHEF		0.48	-0.39	-0.1	-0.18	0.25	0.32	0.18	0.24	0.44	CHEF
WILC	0.48		-0.51	0.19	-0.53	-0.26	0.4	0.23	-0.21	0.72	WILC
SPTN	-0.39	-0.51		-0.08	0.7	-0.05	-0.2	-0.41	0.2	-0.59	SPTN
CVGW	-0.1	0.19	-0.08		0.07	-0.23	0.23	0.84	-0.07	0.43	CVGW
BZLFY	-0.18	-0.53	0.7	0.07		0.17	-0.31	-0.07	0.28	-0.64	BZLFY
WDRP	0.25	-0.26	-0.05	-0.23	0.17		-0.36	0.04	0.14	-0.34	WDRP
HFFG	0.32	0.4	-0.2	0.23	-0.31	-0.36		0.2	0.17	0.58	HFFG
AVO	0.18	0.23	-0.41	0.84	-0.07	0.04	0.2		-0.13	0.49	AVO
ANDE	0.24	-0.21	0.2	-0.07	0.28	0.14	0.17	-0.13		-0.17	ANDE
PFGC	0.44	0.72	-0.59	0.43	-0.64	-0.34	0.58	0.49	-0.17		PFGC
	CHEF	WILC	SPTN	CVGW	BZLFY	WDRP	HFFG	AVO	ANDE	PFGC

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

AVO	+ 0.84	CVGW
PFGC	+ 0.72	WILC
BZLFY	+ 0.7	SPTN
PFGC	+ 0.58	HFFG
PFGC	+ 0.49	AVO
WILC	+ 0.48	CHEF

High negative correlations

PFGC	- 0.64	BZLFY
PFGC	- 0.59	SPTN
BZLFY	- 0.53	WILC
SPTN	- 0.51	WILC
AVO	- 0.41	SPTN
SPTN	- 0.39	CHEF

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	1.46	0.04	0.03	0.16	1.63	(1.51)	3.32	(2.71)	8.59
WILC	2.04	0.37	0.12	1.60	2.14	(2.32)	3.80	(2.98)	19.18
SPTN	1.33	(0.26)	0.00	(0.25)	0.00	0.00	2.26	(3.34)	16.02
CVGW	1.54	0.15	0.07	0.35	1.29	(1.97)	4.84	(2.39)	14.87
BZLFY	1.00	0.04	(0.03)	0.23	0.94	(1.28)	2.27	(1.63)	11.61
WDRP	6.64	0.02	0.01	0.13	6.86	(17.05)	14.29	(12.50)	61.11
HFFG	2.62	(0.18)	0.00	0.05	3.39	(3.00)	5.57	(5.23)	20.83
AVO	1.49	0.24	0.17	0.38	1.00	(1.94)	2.21	(2.01)	24.92
ANDE	1.46	(0.28)	0.00	(0.04)	0.00	0.00	2.61	(2.78)	15.56
PFGC	0.94	0.09	0.12	0.19	0.78	(1.12)	2.42	(1.54)	9.40

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC