Imax Corp Correlations

IMAX Stock

USD 33.86 0.27 0.79%

The current 90-days correlation between Imax Corp and Lionsgate Studios Holding is 0.22 (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 0.12 (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

0.87	SPHR	Sphere Entertainment	Pair Corr
0.84	PPERY	Bank Mandiri Persero	Pair Corr
0.69	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.78	TLK	Telkom Indonesia Tbk	Pair Corr
0.72	BOF	BranchOut Food Common	Pair Corr
0.67	SANM	Sanmina	Pair Corr
0.64	ACN	Accenture plc	Pair Corr
0.67	DQ	Daqo New Energy	Pair Corr
0.84	WSFS	WSFS Financial	Pair Corr
0.69	F	Ford Motor Aggressive Push	Pair Corr
0.73	ATI	Allegheny Technologies	Pair Corr
0.75	NMIH	NMI Holdings	Pair Corr
0.68	ACR-PC	ACRES Commercial Realty	Pair Corr

Moving against Imax Stock

0.74	AMC	AMC Entertainment	Pair Corr
0.65	MANU	Manchester United	Pair Corr
0.56	PTAIF	PT Astra International	Pair Corr
0.31	CNK	Cinemark Holdings	Pair Corr

Related Correlations Analysis

	LION	MSGE	CMPR	IAS	NN	AMC	IRDM	IQ	WLY
LION		0.92	0.55	0.24	0.78	-0.94	-0.19	-0.75	-0.88	LION
MSGE	0.92		0.66	0.24	0.78	-0.87	-0.2	-0.75	-0.86	MSGE
CMPR	0.55	0.66		0.26	0.6	-0.54	-0.2	-0.61	-0.58	CMPR
IAS	0.24	0.24	0.26		0.07	-0.32	-0.31	-0.4	-0.3	IAS
NN	0.78	0.78	0.6	0.07		-0.63	0.16	-0.66	-0.8	NN
AMC	-0.94	-0.87	-0.54	-0.32	-0.63		0.34	0.74	0.86	AMC
IRDM	-0.19	-0.2	-0.2	-0.31	0.16	0.34		0.28	0.13	IRDM
IQ	-0.75	-0.75	-0.61	-0.4	-0.66	0.74	0.28		0.74	IQ
WLY	-0.88	-0.86	-0.58	-0.3	-0.8	0.86	0.13	0.74		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	+ 0.92	LION
WLY	+ 0.86	AMC
NN	+ 0.78	LION
NN	+ 0.78	MSGE
IQ	+ 0.74	AMC
WLY	+ 0.74	IQ

High negative correlations

AMC	- 0.94	LION
WLY	- 0.88	LION
AMC	- 0.87	MSGE
WLY	- 0.86	MSGE
WLY	- 0.8	NN
IQ	- 0.75	MSGE

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	2.03	0.51	0.22	1.79	1.74	(2.50)	4.61	(3.36)	11.61
MSGE	1.50	0.22	0.12	0.31	1.53	(1.57)	3.88	(2.98)	9.61
CMPR	2.16	0.20	0.08	0.34	2.12	(2.55)	5.27	(3.25)	17.86
IAS	0.63	0.33	1.03	(2.94)	0.00	(0.99)	0.39	(0.29)	21.04
NN	2.79	(0.12)	(0.02)	(0.01)	3.23	(3.18)	6.21	(5.45)	14.69
AMC	2.21	(1.08)	0.00	(1.11)	0.00	0.00	4.00	(4.97)	13.60
IRDM	2.09	(0.19)	0.00	(0.04)	0.00	0.00	4.23	(5.27)	14.57
IQ	2.16	(0.30)	0.00	(0.22)	0.00	0.00	5.45	(3.81)	12.94
WLY	1.69	(0.35)	0.00	(0.24)	0.00	0.00	2.97	(4.17)	12.41

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