AMCON Distributing Co. (DIT) Correlation Distribution
Across 6,801 rolling correlation observations between AMCON Distributing Co. (DIT) and other NASDAQ-listed stocks, 41.5% are positive and 58.5% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.079, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 2.4% and strong negative correlations (≤−0.7) for 3.5%.
- Total observations
- 6,801
- Mean correlation
- -0.079
- Most common range
- -0.5 to -0.4
- Positive pairs
- 41.5%
- Strong positive (≥0.7)
- 2.4%
- Sector
- Wholesale-Groceries, General Line
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 116 | 1.7% | |
| -0.8 to -0.7 | 116 | 1.7% | |
| -0.7 to -0.6 | 416 | 6.1% | |
| -0.6 to -0.5 | 415 | 6.1% | |
| -0.5 to -0.4 | 597 | 8.8% | |
| -0.4 to -0.3 | 597 | 8.8% | |
| -0.3 to -0.2 | 568 | 8.4% | |
| -0.2 to -0.1 | 567 | 8.3% | |
| -0.1 to 0.0 | 584 | 8.6% | |
| 0.0 to 0.1 | 583 | 8.6% | |
| 0.1 to 0.2 | 492 | 7.2% | |
| 0.2 to 0.3 | 492 | 7.2% | |
| 0.3 to 0.4 | 315 | 4.6% | |
| 0.4 to 0.5 | 314 | 4.6% | |
| 0.5 to 0.6 | 231 | 3.4% | |
| 0.6 to 0.7 | 230 | 3.4% | |
| 0.7 to 0.8 | 82 | 1.2% | |
| 0.8 to 0.9 | 81 | 1.2% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of DIT?
AMCON Distributing Co. (DIT) has an average correlation of about -0.079 with other NASDAQ stocks, based on 6,801 pairwise observations.
Is DIT positively correlated with other stocks?
Not predominantly — 41.5% of pairs are positive and 58.5% are negative. Strong positive correlations (≥0.7) make up 2.4%.
What is the most common correlation range for DIT?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 48.3% of all pairs.
Explore the full interactive correlation distribution for DIT.
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