Ammo Correlations
POWW Stock | USD 1.50 0.02 1.32% |
The current 90-days correlation between Ammo Inc and MCBC Holdings is 0.37 (i.e., Weak 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
Weak diversification
The correlation between Ammo Inc and DJI is 0.36 (i.e., Weak 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.
Ammo |
Moving together with Ammo Stock
0.66 | VEEE | Twin Vee Powercats | PairCorr |
0.61 | VMAR | Vision Marine Techno Fiscal Year End 25th of November 2024 | PairCorr |
0.74 | VUZI | Vuzix Corp Cmn | PairCorr |
0.67 | FEBO | Fenbo Holdings | PairCorr |
0.74 | BLD | Topbuild Corp | PairCorr |
0.66 | FOSL | Fossil Group | PairCorr |
0.81 | DTC | Solo Brands | PairCorr |
0.67 | FRZA | Forza X1 | PairCorr |
0.72 | HWH | HWH International Symbol Change | PairCorr |
0.64 | MOV | Movado Group | PairCorr |
Moving against Ammo Stock
0.56 | VZIO | Vizio Holding Corp | PairCorr |
0.55 | UA | Under Armour C | PairCorr |
0.5 | DOGZ | Dogness International | PairCorr |
0.46 | VOXX | VOXX International | PairCorr |
0.41 | VNCE | Vince Holding Corp | PairCorr |
0.38 | VSTO | Vista Outdoor | PairCorr |
0.34 | AS | Amer Sports, | PairCorr |
0.64 | GIL | Gildan Activewear | PairCorr |
0.56 | CRI | Carters | PairCorr |
0.49 | HAS | Hasbro Inc | PairCorr |
0.49 | HBI | Hanesbrands | PairCorr |
0.44 | KTB | Kontoor Brands | PairCorr |
0.41 | DHI | DR Horton Fiscal Year End 5th of November 2024 | PairCorr |
0.32 | LEN | Lennar Downward Rally | PairCorr |
0.32 | MAT | Mattel Inc | 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
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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 | ||
---|---|---|---|---|---|---|---|---|---|---|
LCII | 2.06 | 0.08 | 0.08 | 0.15 | 2.08 | 5.21 | 12.28 | |||
MCFT | 2.17 | (0.25) | 0.00 | (0.02) | 0.00 | 5.43 | 15.41 | |||
MBUU | 2.48 | (0.05) | 0.03 | 0.09 | 2.95 | 5.15 | 21.22 | |||
WGO | 1.88 | (0.09) | (0.01) | 0.06 | 2.18 | 4.72 | 13.90 | |||
THO | 1.69 | 0.04 | 0.04 | 0.15 | 1.83 | 4.22 | 11.13 | |||
EZGO | 4.91 | (0.06) | (0.01) | 0.05 | 6.16 | 11.27 | 31.43 | |||
PII | 1.95 | (0.04) | 0.02 | 0.09 | 2.26 | 4.66 | 13.52 |
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 |