AEON vs CMCT: Correlation
How closely do AEON Biopharma, Inc. (AEON) and Creative Media (CMCT) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEON and CMCT?
Across a 3-year window, the weekly returns of AEON and CMCT correlate at -0.22, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.03) than the 3-year average (-0.22). Stretching to 5 years gives -0.20, with an annualized covariance of -9407.3 %².
CMCT is close to the least connected end of AEON's tracked universe, ranking #9 of 10. The last year tells two different stories: AEON led by 37.6 percentage points, -61.8% for AEON against -99.4% for CMCT. One caveat on sizing: CMCT is 2.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AEON vs CMCT: side by side
| AEON (AEON Biopharma, Inc.) | CMCT (Creative Media) | |
|---|---|---|
| 1-year return | -61.8% | -99.4% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 141.3% | 305.8% |
| Beta vs S&P 500 | 1.33 | 1.22 |
| Max drawdown (3Y) | -100.0% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AEON | CMCT |
|---|---|---|
| 2022 | – | -29.7% |
| 2023 | – | -18.2% |
| 2024 | -92.5% | -93.3% |
| 2025 | -97.2% | -35.5% |
| 2026 | -73.3% | -98.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEON and CMCT good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between AEON and CMCT?
The AEON/CMCT correlation stands at -0.22 on a 3-year window (1 year: -0.03, 5 years: -0.20), computed from weekly returns as of 2026-08-27.
Is CMCT a good diversifier for AEON?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
A reading of -0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aeon-vs-cmct.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aeon-vs-cmct/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AEON correlations · CMCT correlations
