Imax Corp Correlations

IMAX Stock

USD 26.93 0.76 2.90%

The current 90-days correlation between Imax Corp and Marcus is -0.34 (i.e., Very good diversification). The correlation of Imax Corp 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.

Imax Corp Correlation With Market

Weak diversification

The correlation between Imax Corp and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Imax Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Imax Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Imax Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more information on how to buy Imax Stock please use our How to Invest in Imax Corp guide.

Moving together with Imax Stock

0.9	DIS	Walt Disney	Pair Corr
0.62	T	ATT Inc	Pair Corr
0.64	Z	Zillow Group Class	Pair Corr
0.67	CURIW	CuriosityStream	Pair Corr
0.72	MCHX	Marchex	Pair Corr
0.7	KT	KT Corporation	Pair Corr
0.84	TC	TuanChe ADR	Pair Corr
0.84	TU	Telus Corp	Pair Corr
0.74	TV	Grupo Televisa SAB	Pair Corr
0.87	WB	Weibo Corp	Pair Corr
0.67	ZG	Zillow Group	Pair Corr
0.86	META	Meta Platforms	Pair Corr
0.74	MGNI	Magnite	Pair Corr
0.7	MOMO	Hello Group	Pair Corr
0.8	MSGM	Motorsport Gaming	Pair Corr
0.79	GLSTR	Global Star Acquisition,	Pair Corr
0.86	NBIS	Nebius Group NV Symbol Change	Pair Corr

Moving against Imax Stock

0.7	NCMI	National CineMedia	Pair Corr
0.66	NMAX	Newsmax,	Pair Corr
0.58	AENTW	Alliance Entertainment	Pair Corr
0.53	GDEVW	Nexters Warrant	Pair Corr
0.5	NCTY	The9 Ltd ADR	Pair Corr
0.4	ANGHW	Anghami Warrants	Pair Corr

Related Correlations Analysis

	CNK	NWSA	MCS	FWONA	WMG	FUN	LYV	PLAY	AMCX
CNK		0.59	0.8	0.7	-0.63	0.24	0.64	0.36	0.56	CNK
NWSA	0.59		0.61	0.92	-0.17	-0.05	0.89	0.75	0.17	NWSA
MCS	0.8	0.61		0.67	-0.55	0.1	0.58	0.46	0.42	MCS
FWONA	0.7	0.92	0.67		-0.41	-0.09	0.93	0.77	0.21	FWONA
WMG	-0.63	-0.17	-0.55	-0.41		0.08	-0.4	-0.19	-0.25	WMG
FUN	0.24	-0.05	0.1	-0.09	0.08		-0.11	-0.54	0.32	FUN
LYV	0.64	0.89	0.58	0.93	-0.4	-0.11		0.76	0.17	LYV
PLAY	0.36	0.75	0.46	0.77	-0.19	-0.54	0.76		-0.06	PLAY
AMCX	0.56	0.17	0.42	0.21	-0.25	0.32	0.17	-0.06		AMCX
	CNK	NWSA	MCS	FWONA	WMG	FUN	LYV	PLAY	AMCX

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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

LYV	+ 0.93	FWONA
FWONA	+ 0.92	NWSA
LYV	+ 0.89	NWSA
MCS	+ 0.8	CNK
PLAY	+ 0.77	FWONA
PLAY	+ 0.76	LYV

High negative correlations

WMG	- 0.63	CNK
WMG	- 0.55	MCS
PLAY	- 0.54	FUN
WMG	- 0.41	FWONA
LYV	- 0.4	WMG
AMCX	- 0.25	WMG

Risk-Adjusted Indicators

There is a big difference between Imax Stock performing well and Imax Corp 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 Imax Corp'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
CNK	1.49	0.17	0.00	0.84	1.67	(1.63)	3.43	(2.60)	11.37
NWSA	0.98	0.09	0.07	0.32	0.73	(1.16)	2.34	(1.70)	11.91
MCS	1.52	0.28	(0.02)	(0.53)	1.67	(1.63)	3.85	(3.23)	13.97
FWONA	1.19	0.31	0.10	1.00	1.27	(1.34)	2.68	(1.64)	9.14
WMG	1.36	(0.11)	(0.08)	0.09	2.11	(1.35)	2.26	(2.93)	13.96
FUN	2.30	0.22	(0.07)	(0.05)	2.68	(2.49)	4.73	(4.62)	24.61
LYV	1.39	0.05	0.04	0.28	1.23	(1.52)	3.00	(2.22)	13.83
PLAY	3.24	0.87	0.31	1.02	2.11	(3.82)	9.24	(4.58)	22.98
AMCX	2.56	(0.16)	(0.05)	0.08	3.21	(2.81)	4.56	(6.64)	18.21

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