AMC vs PED: Correlation
How closely do AMC Entertainment Holdings, Inc. (AMC) and Pedevco Corp. (PED) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMC and PED?
On 3 years of weekly data the AMC/PED correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.43 versus -0.23 over 3 years. The 5-year figure is -0.11, and annualized covariance runs at -971.9 %².
Out of 11 assets tracked against AMC, PED lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with PED ahead by 18.0 points (-4.9% versus +13.1%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AMC vs PED: side by side
| AMC (AMC Entertainment Holdings, Inc.) | PED (Pedevco Corp.) | |
|---|---|---|
| 1-year return | -4.9% | +13.1% |
| 5-year return | -99.4% | -39.7% |
| Volatility (ann.) | 79.7% | 54.0% |
| Beta vs S&P 500 | 1.44 | -0.28 |
| Max drawdown (3Y) | -93.0% | -58.3% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMC | PED |
|---|---|---|
| 2022 | -85.0% | +3.8% |
| 2023 | -85.0% | -30.0% |
| 2024 | -35.0% | +1.0% |
| 2025 | -60.8% | -28.0% |
| 2026 | +73.1% | +19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMC and PED good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between AMC and PED?
The AMC/PED correlation stands at -0.23 on a 3-year window (1 year: -0.43, 5 years: -0.11), computed from weekly returns as of 2026-08-27.
Is PED a good diversifier for AMC?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/amc-vs-ped.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/amc-vs-ped/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMC correlations · PED correlations
