AMC vs CNK: Correlation
AMC Entertainment Holdings, Inc. (AMC) and Cinemark Holdings Inc Cinemark Holdings, Inc. (CNK) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMC and CNK?
On 3 years of weekly data the AMC/CNK correlation comes out at 0.35, moderate. Recent behaviour matches the longer record: 0.33 over 1 year against 0.35 over 3. The 5-year figure is 0.43, and annualized covariance runs at 1141.3 %².
Within AMC's tracked universe of 11 assets, CNK comes in at #5 by 3-year correlation. The last year tells two different stories: CNK led by 47.7 percentage points, -4.9% for AMC against +42.8% for CNK. Risk is not evenly split, since AMC carries 2.0 times the volatility of the other side.
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.
AMC vs CNK: side by side
| AMC (AMC Entertainment Holdings, Inc.) | CNK (Cinemark Holdings Inc Cinemark Holdings, Inc.) | |
|---|---|---|
| 1-year return | -4.9% | +42.8% |
| 5-year return | -99.4% | +119.9% |
| Volatility (ann.) | 79.7% | 40.6% |
| Beta vs S&P 500 | 1.44 | 0.29 |
| Max drawdown (3Y) | -93.0% | -38.4% |
| Market cap | – | $4.2B |
| P/E (trailing) | – | 20.8 |
| Dividend yield | 0.00% | 0.94% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMC | CNK |
|---|---|---|
| 2022 | -85.0% | -46.3% |
| 2023 | -85.0% | +62.7% |
| 2024 | -35.0% | +119.9% |
| 2025 | -60.8% | -24.1% |
| 2026 | +73.1% | +58.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMC and CNK good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AMC and CNK?
As of 2026-08-27, the correlation of weekly returns between AMC and CNK is 0.35 over 3 years, 0.33 over 1 year and 0.43 over 5 years.
Is CNK a good diversifier for AMC?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: AMC correlations · CNK correlations
