DIT vs INDO: Correlation
Measured on weekly returns over the past three years, AMCON Distributing Company (DIT) and Indonesia Energy Corporation Limited (INDO) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DIT and INDO?
On 3 years of weekly data the DIT/INDO correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.15) sits close to the 3-year figure. The 5-year figure is -0.04, and annualized covariance runs at -980.9 %².
Among the 11 assets we track against DIT, INDO sits near the bottom by co-movement, at rank #10. The trailing year gives INDO the advantage: -9.9% versus -1.4%, a 8.5-point spread. Risk is not evenly split, since INDO carries 3.0 times the volatility of the other side.
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.
DIT vs INDO: side by side
| DIT (AMCON Distributing Company) | INDO (Indonesia Energy Corporation Limited) | |
|---|---|---|
| 1-year return | -9.9% | -1.4% |
| 5-year return | -29.8% | -43.5% |
| Volatility (ann.) | 35.6% | 108.1% |
| Beta vs S&P 500 | 0.09 | -0.65 |
| Max drawdown (3Y) | -55.9% | -65.1% |
| Market cap | – | – |
| P/E (trailing) | 35.8 | – |
| Dividend yield | 0.63% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DIT | INDO |
|---|---|---|
| 2022 | -6.4% | +66.4% |
| 2023 | +8.1% | -41.8% |
| 2024 | -33.7% | +2.6% |
| 2025 | -12.8% | +5.4% |
| 2026 | -6.1% | -3.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DIT and INDO good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between DIT and INDO?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.15 over the last year and -0.04 over 5 years.
Is INDO a good diversifier for DIT?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 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/dit-vs-indo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dit-vs-indo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DIT correlations · INDO correlations
