Imax Corp Correlations

IMAX Stock

USD 37.72 0.27 0.72%

The current 90-days correlation between Imax Corp and Lionsgate Studios Holding is 0.28 (i.e., Modest 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

Average diversification

The correlation between Imax Corp and DJI is 0.11 (i.e., Average 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

0.7	MCS	Marcus	Pair Corr
0.68	NZM	NZME	Pair Corr

Moving against Imax Stock

0.93	DRCT	Direct Digital Holdings	Pair Corr
0.9	KWM	K Wave Media	Pair Corr
0.88	ADV	Advantage Solutions	Pair Corr
0.84	WLYB	John Wiley Sons	Pair Corr
0.84	AMC	AMC Entertainment	Pair Corr
0.81	ZH	Zhihu Inc ADR	Pair Corr
0.78	WIMI	WiMi Hologram Cloud	Pair Corr
0.77	603721	TVZone Media	Pair Corr
0.73	LYV	Live Nation Entertainment	Pair Corr
0.64	600715	Cultural Investment	Pair Corr
0.62	IQ	iQIYI Inc	Pair Corr
0.48	GDC	GD Culture Group Trending	Pair Corr
0.46	BATRK	Atlanta Braves Holdings,	Pair Corr
0.43	SPRX	Sparx Technology	Pair Corr
0.37	DIS	Walt Disney	Pair Corr
0.32	BATRA	Atlanta Braves Holdings,	Pair Corr
0.9	TME	Tencent Music Entert	Pair Corr
0.89	GROM	Grom Social Enterprises	Pair Corr
0.88	GAIA	Gaia Inc	Pair Corr
0.85	RDI	Reading International	Pair Corr
0.83	WMG	Warner Music Group	Pair Corr
0.83	CJR-B	Corus Entertainment	Pair Corr
0.81	SEATW	Vivid Seats Warrant	Pair Corr
0.8	GAME	GameSquare Holdings	Pair Corr
0.8	GMGI	Golden Matrix Group	Pair Corr
0.73	300770	Guangdong South New	Pair Corr
0.69	TBH	Brag House Holdings,	Pair Corr
0.66	GDEV	GDEV Inc	Pair Corr
0.65	HOFV	Hall of Fame	Pair Corr
0.63	GTNA	Gray Television	Pair Corr
0.38	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	LION	MSGE	CMPR	IAS	NN	AMC	IRDM	IQ	WLY
LION		0.89	0.71	0.11	0.68	-0.79	-0.36	-0.51	-0.72	LION
MSGE	0.89		0.78	0.18	0.6	-0.77	-0.29	-0.6	-0.75	MSGE
CMPR	0.71	0.78		0.32	0.41	-0.79	-0.2	-0.74	-0.78	CMPR
IAS	0.11	0.18	0.32		-0.31	-0.35	-0.06	-0.54	-0.36	IAS
NN	0.68	0.6	0.41	-0.31		-0.26	0.18	-0.05	-0.4	NN
AMC	-0.79	-0.77	-0.79	-0.35	-0.26		0.51	0.8	0.86	AMC
IRDM	-0.36	-0.29	-0.2	-0.06	0.18	0.51		0.2	0.19	IRDM
IQ	-0.51	-0.6	-0.74	-0.54	-0.05	0.8	0.2		0.8	IQ
WLY	-0.72	-0.75	-0.78	-0.36	-0.4	0.86	0.19	0.8		WLY
	LION	MSGE	CMPR	IAS	NN	AMC	IRDM	IQ	WLY

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

MSGE	+ 0.89	LION
WLY	+ 0.86	AMC
IQ	+ 0.8	AMC
WLY	+ 0.8	IQ
CMPR	+ 0.78	MSGE
CMPR	+ 0.71	LION

High negative correlations

AMC	- 0.79	CMPR
AMC	- 0.79	LION
WLY	- 0.78	CMPR
AMC	- 0.77	MSGE
WLY	- 0.75	MSGE
IQ	- 0.74	CMPR

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
LION	1.93	0.39	0.19	0.71	1.64	(2.41)	4.55	(2.91)	9.34
MSGE	1.62	0.20	0.10	0.25	1.65	(1.65)	5.06	(2.98)	9.88
CMPR	2.02	0.14	0.06	0.20	2.14	(2.30)	3.99	(3.25)	17.86
IAS	0.63	0.32	0.80	(1.26)	0.00	(0.96)	0.39	(0.39)	21.04
NN	2.82	(0.06)	0.00	0.03	3.39	(3.07)	6.21	(6.04)	14.69
AMC	2.37	(0.91)	0.00	(0.70)	0.00	0.00	4.33	(5.23)	14.09
IRDM	2.17	(0.09)	(0.02)	0.00	2.92	(2.25)	6.16	(5.27)	14.57
IQ	1.88	(0.55)	0.00	(0.42)	0.00	0.00	3.67	(3.74)	12.94
WLY	1.58	(0.41)	0.00	(0.34)	0.00	0.00	2.82	(4.15)	12.37

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