Imax Corp Correlations

IMAX Stock

USD 34.75 0.14 0.40%

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

Modest diversification

The correlation between Imax Corp and DJI is 0.25 (i.e., Modest 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

0.65

SPHR

Sphere Entertainment

Pair Corr

Moving against Imax Stock

0.74	DRCT	Direct Digital Holdings Trending	Pair Corr
0.71	TME	Tencent Music Entert	Pair Corr
0.69	WMG	Warner Music Group	Pair Corr
0.67	RDI	Reading International	Pair Corr
0.67	NTE	Network Media Group	Pair Corr
0.65	MANU	Manchester United	Pair Corr
0.59	603721	TVZone Media	Pair Corr
0.59	LLYVK	Liberty Live Holdings	Pair Corr
0.55	600715	Cultural Investment	Pair Corr
0.54	LCFY	Locafy	Pair Corr
0.51	AIM	Ai Media Technologies	Pair Corr
0.5	LYV	Live Nation Entertainment	Pair Corr
0.48	RSVRW	Reservoir Media Mana	Pair Corr
0.46	300027	Huayi Brothers Media	Pair Corr
0.46	AEO	Aeorema Communications	Pair Corr
0.39	DLPN	Dolphin Entertainment	Pair Corr
0.37	MGAM	Mobile Global Esports	Pair Corr
0.36	LVO	LiveOne	Pair Corr
0.31	CNK	Cinemark Holdings	Pair Corr
0.72	TEAD	Teads BV Symbol Change	Pair Corr
0.68	ONFO	Onfolio Holdings	Pair Corr
0.68	300528	Omnijoi Media Corp	Pair Corr
0.68	CNVS	Cineverse Corp	Pair Corr
0.6	MSFT	Microsoft Earnings Call This Week	Pair Corr
0.51	NVDA	NVIDIA	Pair Corr
0.49	NFLX	Netflix	Pair Corr
0.49	ASST	Strive Asset Management	Pair Corr
0.47	SPOT	Spotify Technology Sell-off Trend	Pair Corr
0.45	300251	Beijing Enlight Media	Pair Corr
0.39	META	Meta Platforms Earnings Call This Week	Pair Corr

Related Correlations Analysis

	LION	MSGE	CMPR	IAS	NN	AMC	IRDM	IQ	WLY
LION		0.67	0.63	-0.36	0.76	-0.93	0.62	-0.72	-0.84	LION
MSGE	0.67		0.54	-0.4	0.49	-0.63	0.63	-0.58	-0.66	MSGE
CMPR	0.63	0.54		-0.32	0.54	-0.55	0.7	-0.45	-0.53	CMPR
IAS	-0.36	-0.4	-0.32		-0.47	0.31	0.11	0.48	0.36	IAS
NN	0.76	0.49	0.54	-0.47		-0.65	0.48	-0.78	-0.8	NN
AMC	-0.93	-0.63	-0.55	0.31	-0.65		-0.54	0.69	0.85	AMC
IRDM	0.62	0.63	0.7	0.11	0.48	-0.54		-0.21	-0.46	IRDM
IQ	-0.72	-0.58	-0.45	0.48	-0.78	0.69	-0.21		0.74	IQ
WLY	-0.84	-0.66	-0.53	0.36	-0.8	0.85	-0.46	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

WLY	+ 0.85	AMC
NN	+ 0.76	LION
WLY	+ 0.74	IQ
IRDM	+ 0.7	CMPR
IQ	+ 0.69	AMC
MSGE	+ 0.67	LION

High negative correlations

AMC	- 0.93	LION
WLY	- 0.84	LION
WLY	- 0.8	NN
IQ	- 0.78	NN
IQ	- 0.72	LION
WLY	- 0.66	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	1.99	0.73	0.34	(1.83)	1.43	(2.66)	4.84	(2.58)	11.61
MSGE	1.46	0.38	0.21	0.77	1.22	(1.56)	3.87	(2.23)	9.61
CMPR	2.35	0.24	0.10	0.33	2.22	(2.87)	5.84	(3.55)	17.86
IAS	0.14	0.03	(0.19)	(0.30)	0.00	(0.21)	0.39	(0.29)	0.88
NN	2.92	0.47	0.15	0.38	2.90	(3.54)	6.53	(5.45)	14.69
AMC	2.79	(1.03)	0.00	(0.63)	0.00	0.00	5.49	(5.70)	20.04
IRDM	2.20	0.09	0.04	0.14	2.61	(2.54)	6.16	(4.73)	14.57
IQ	2.16	(0.20)	0.00	(0.20)	0.00	0.00	4.69	(3.40)	10.91
WLY	1.68	(0.37)	0.00	(0.23)	0.00	0.00	2.97	(4.17)	12.41

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