Ammo Correlations

POWW Stock

USD 1.40 0.03 2.10%

The current 90-days correlation between Ammo Inc and Park Electrochemical is -0.1 (i.e., Good diversification). The correlation of Ammo 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.

Ammo Correlation With Market

Modest diversification

The correlation between Ammo Inc 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 Ammo Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ammo Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with Ammo Stock

0.63	AS	Amer Sports,	Pair Corr
0.81	RL	Ralph Lauren Corp Sell-off Trend	Pair Corr
0.78	GIL	Gildan Activewear	Pair Corr
0.62	MAT	Mattel Inc	Pair Corr
0.63	MSN	Emerson Radio	Pair Corr

Moving against Ammo Stock

0.77	EZGO	EZGO Technologies	Pair Corr
0.73	DOGZ	Dogness International	Pair Corr
0.71	WLDS	Wearable Devices	Pair Corr
0.62	BZH	Beazer Homes USA	Pair Corr
0.55	DFH	Dream Finders Homes	Pair Corr
0.53	UA	Under Armour C	Pair Corr
0.5	DOOO	BRP Inc Earnings Call This Week	Pair Corr
0.49	DHI	DR Horton	Pair Corr
0.4	VMAR	Vision Marine Techno	Pair Corr
0.36	FOSL	Fossil Group	Pair Corr
0.32	FEBO	Fenbo Holdings	Pair Corr
0.31	CCS	Century Communities	Pair Corr
0.31	DTC	Solo Brands	Pair Corr
0.76	PII	Polaris Industries	Pair Corr
0.69	PVH	PVH Corp	Pair Corr
0.68	HWH	HWH International	Pair Corr
0.66	MHO	MI Homes	Pair Corr
0.61	NVR	NVR Inc	Pair Corr
0.57	LEN	Lennar	Pair Corr
0.44	SGC	Superior Uniform	Pair Corr
0.43	HBI	Hanesbrands	Pair Corr
0.41	REE	Ree Automotive Holding	Pair Corr
0.39	KBH	KB Home	Pair Corr
0.38	MTH	Meritage	Pair Corr
0.34	PHM	PulteGroup Sell-off Trend	Pair Corr
0.31	HOV	Hovnanian Enterprises	Pair Corr

Related Correlations Analysis

	RGR	KTOS	AJRD	VSEC	SWBI	PKE	POWWP	NPK	KAMN
RGR		-0.29	0.0	0.67	0.15	-0.67	0.47	-0.16	0.0	RGR
KTOS	-0.29		0.0	-0.01	-0.09	0.31	0.27	0.03	0.0	KTOS
AJRD	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AJRD
VSEC	0.67	-0.01	0.0		0.21	-0.29	0.49	-0.43	0.0	VSEC
SWBI	0.15	-0.09	0.0	0.21		0.32	0.46	0.42	0.0	SWBI
PKE	-0.67	0.31	0.0	-0.29	0.32		-0.12	0.12	0.0	PKE
POWWP	0.47	0.27	0.0	0.49	0.46	-0.12		0.16	0.0	POWWP
NPK	-0.16	0.03	0.0	-0.43	0.42	0.12	0.16		0.0	NPK
KAMN	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		KAMN
	RGR	KTOS	AJRD	VSEC	SWBI	PKE	POWWP	NPK	KAMN

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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

VSEC	+ 0.67	RGR
POWWP	+ 0.49	VSEC
POWWP	+ 0.47	RGR
POWWP	+ 0.46	SWBI
NPK	+ 0.42	SWBI
PKE	+ 0.32	SWBI

High negative correlations

PKE	- 0.67	RGR
NPK	- 0.43	VSEC
PKE	- 0.29	VSEC
KTOS	- 0.29	RGR
NPK	- 0.16	RGR
POWWP	- 0.12	PKE

Risk-Adjusted Indicators

There is a big difference between Ammo Stock performing well and Ammo 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 Ammo'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
RGR	1.09	0.14	0.24	(7.71)	0.85	(1.39)	2.06	(1.53)	14.08
KTOS	2.42	0.36	0.13	0.31	2.67	(2.94)	5.42	(4.90)	15.36
AJRD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VSEC	2.08	0.11	0.05	0.15	3.05	(1.93)	3.31	(5.52)	21.51
SWBI	1.35	(0.16)	0.00	(0.84)	0.00	0.00	2.24	(2.95)	14.61
PKE	1.32	(0.18)	0.00	0.41	0.00	0.00	2.20	(2.98)	7.97
POWWP	2.00	0.18	0.08	0.66	2.96	(2.10)	3.87	(4.83)	20.61
NPK	1.15	0.05	0.00	(0.02)	0.00	0.00	1.78	(2.41)	9.22
KAMN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Ammo Corporate Management

James Mann	VP Operations	Profile
Paul Kasowski	Chief Officer	Profile
Beth Cross	Chief Gunbrokercom	Profile
Tod Wagenhals	Executive Secretary	Profile
Robert Wiley	Chief Officer	Profile

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