AMCX vs CNOB: Correlation
Measured on weekly returns over the past three years, AMC Global Media Inc. (AMCX) and ConnectOne Bancorp, Inc. (CNOB) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMCX and CNOB?
Across a 3-year window, the weekly returns of AMCX and CNOB correlate at 0.46, moderate. Little has changed lately, as the 1-year reading of 0.44 lands near the 3-year figure. Stretching to 5 years gives 0.40, with an annualized covariance of 852.0 %².
Few assets follow AMCX as closely as CNOB, which ranks #2 of 12 tracked partners. The last year tells two different stories: AMCX led by 49.2 percentage points, +76.7% for AMCX against +27.5% for CNOB. Note the risk asymmetry: AMCX runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AMCX vs CNOB: side by side
| AMCX (AMC Global Media Inc.) | CNOB (ConnectOne Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +76.7% | +27.5% |
| 5-year return | -74.1% | +28.9% |
| Volatility (ann.) | 54.2% | 33.9% |
| Beta vs S&P 500 | 1.21 | 0.94 |
| Max drawdown (3Y) | -73.1% | -26.6% |
| Market cap | $0.5B | $1.6B |
| P/E (trailing) | – | 9.9 |
| Dividend yield | 0.00% | 2.35% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMCX | CNOB |
|---|---|---|
| 2022 | -54.5% | -24.4% |
| 2023 | +19.9% | -1.8% |
| 2024 | -47.3% | +3.3% |
| 2025 | -3.8% | +17.8% |
| 2026 | +29.7% | +24.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMCX and CNOB good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AMCX and CNOB?
The AMCX/CNOB correlation stands at 0.46 on a 3-year window (1 year: 0.44, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is CNOB a good diversifier for AMCX?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: AMCX correlations · CNOB correlations
