Cinemark Holdings Correlations

CNK Stock

USD 26.05 0.38 1.44%

The current 90-days correlation between Cinemark Holdings and Liberty Media is 0.09 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cinemark Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cinemark Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Cinemark Holdings Correlation With Market

Modest diversification

The correlation between Cinemark Holdings and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cinemark Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cinemark Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy Cinemark Stock please use our How to buy in Cinemark Stock guide.

Moving together with Cinemark Stock

0.74	RSVR	Reservoir Media	Pair Corr
0.91	OB	Outbrain	Pair Corr
0.92	ZD	Ziff Davis	Pair Corr
0.65	DOYU	DouYu International Earnings Call This Week	Pair Corr
0.69	ADD	Color Star Technology	Pair Corr
0.78	ADV	Advantage Solutions Buyout Trend	Pair Corr
0.72	AMC	AMC Entertainment Aggressive Push	Pair Corr

Moving against Cinemark Stock

0.77	VZ	Verizon Communications	Pair Corr
0.71	KT	KT Corporation	Pair Corr
0.68	T	ATT Inc Earnings Call This Week	Pair Corr
0.67	TU	Telus Corp	Pair Corr
0.66	ZH	Zhihu Inc ADR Earnings Call This Week	Pair Corr
0.6	YY	YY Inc Class	Pair Corr
0.4	CURIW	CuriosityStream	Pair Corr
0.35	WB	Weibo Corp	Pair Corr
0.79	CCG	Cheche Group Class	Pair Corr
0.77	EVER	EverQuote Class A	Pair Corr
0.62	CHT	Chunghwa Telecom	Pair Corr
0.48	FOXA	Fox Corp Class	Pair Corr
0.46	BCE	BCE Inc	Pair Corr
0.35	BATRA	Atlanta Braves Holdings,	Pair Corr

Related Correlations Analysis

	NWS	MCS	FWONA	WMG	RDIB	RSVR	NWSA	BATRA	IMAX	WWE
NWS		0.34	0.77	0.7	-0.61	-0.12	0.91	0.76	0.62	0.0	NWS
MCS	0.34		0.72	-0.11	-0.19	0.72	0.59	-0.18	0.22	0.0	MCS
FWONA	0.77	0.72		0.36	-0.56	0.27	0.87	0.41	0.43	0.0	FWONA
WMG	0.7	-0.11	0.36		-0.27	-0.36	0.54	0.82	0.77	0.0	WMG
RDIB	-0.61	-0.19	-0.56	-0.27		0.14	-0.55	-0.5	-0.03	0.0	RDIB
RSVR	-0.12	0.72	0.27	-0.36	0.14		0.19	-0.44	0.02	0.0	RSVR
NWSA	0.91	0.59	0.87	0.54	-0.55	0.19		0.53	0.57	0.0	NWSA
BATRA	0.76	-0.18	0.41	0.82	-0.5	-0.44	0.53		0.59	0.0	BATRA
IMAX	0.62	0.22	0.43	0.77	-0.03	0.02	0.57	0.59		0.0	IMAX
WWE	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		WWE
	NWS	MCS	FWONA	WMG	RDIB	RSVR	NWSA	BATRA	IMAX	WWE

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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

NWSA	+ 0.91	NWS
NWSA	+ 0.87	FWONA
BATRA	+ 0.82	WMG
FWONA	+ 0.77	NWS
IMAX	+ 0.77	WMG
BATRA	+ 0.76	NWS

High negative correlations

RDIB	- 0.61	NWS
RDIB	- 0.56	FWONA
NWSA	- 0.55	RDIB
BATRA	- 0.5	RDIB
BATRA	- 0.44	RSVR
RSVR	- 0.36	WMG

Risk-Adjusted Indicators

There is a big difference between Cinemark Stock performing well and Cinemark Holdings 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 Cinemark Holdings' 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
NWS	0.91	0.03	0.00	(0.04)	0.00	0.00	1.78	(1.92)	8.72
MCS	1.47	(0.26)	0.00	(0.33)	0.00	0.00	2.16	(2.95)	15.15
FWONA	1.37	(0.05)	0.00	(0.12)	0.00	0.00	2.34	(3.51)	11.33
WMG	1.21	0.04	0.04	0.02	1.67	(1.23)	2.89	(2.11)	8.84
RDIB	4.97	0.26	0.05	(0.24)	6.59	(5.25)	9.12	(11.62)	43.09
RSVR	1.62	(0.27)	0.00	(0.49)	0.00	0.00	2.82	(3.73)	10.39
NWSA	0.88	(0.03)	0.00	(0.10)	0.00	0.00	1.90	(1.79)	7.78
BATRA	0.80	0.09	0.14	0.10	0.82	(1.00)	1.90	(1.48)	4.51
IMAX	1.49	0.11	0.06	0.05	1.82	(1.51)	3.35	(2.58)	7.94
WWE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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