DIT vs SHIM: Correlation
AMCON Distributing Company (DIT) and Shimmick Corporation (SHIM) show a weak relationship: their 3-year correlation of weekly returns is 0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DIT and SHIM?
On 3 years of weekly data the DIT/SHIM correlation comes out at 0.28, weak. The relationship has been stable: the 1-year correlation (0.20) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 1205.5 %².
By 3-year correlation, SHIM places #5 of the 11 assets tracked against DIT. The last year tells two different stories: SHIM led by 31.2 percentage points, -9.9% for DIT against +21.3% for SHIM. Note the risk asymmetry: SHIM runs 3.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 SHIM: side by side
| DIT (AMCON Distributing Company) | SHIM (Shimmick Corporation) | |
|---|---|---|
| 1-year return | -9.9% | +21.3% |
| 5-year return | -29.8% | n/a |
| Volatility (ann.) | 35.6% | 120.7% |
| Beta vs S&P 500 | 0.09 | 1.54 |
| Max drawdown (3Y) | -55.9% | -82.2% |
| Market cap | – | $0.2B |
| P/E (trailing) | 35.8 | – |
| Dividend yield | 0.63% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DIT | SHIM |
|---|---|---|
| 2022 | -6.4% | – |
| 2023 | +8.1% | – |
| 2024 | -33.7% | -60.8% |
| 2025 | -12.8% | +12.7% |
| 2026 | -6.1% | +36.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DIT and SHIM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DIT and SHIM?
Using weekly returns as of 2026-08-27: 0.28 over 3 years, with 0.20 over the last year and n/a over 5 years.
Is SHIM a good diversifier for DIT?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.28 mean?
On the −1 to +1 scale, 0.28 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: DIT correlations · SHIM correlations
