AMCX vs JBIO: Correlation
Measured on weekly returns over the past three years, AMC Global Media Inc. (AMCX) and Jade Biosciences, Inc. (JBIO) carry a correlation of 0.30, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMCX and JBIO?
Over the past 3 years, AMCX and JBIO moved with a correlation of 0.30, which is moderate. The relationship has been stable: the 1-year correlation (0.32) sits close to the 3-year figure. Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 1747.9 %².
Among the 12 assets we track against AMCX, JBIO sits near the bottom by co-movement, at rank #8. Correlation aside, the last 12 months split them widely, with JBIO ahead by 91.1 points (+76.7% versus +167.8%). Note the risk asymmetry: JBIO runs 2.0 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 JBIO: side by side
| AMCX (AMC Global Media Inc.) | JBIO (Jade Biosciences, Inc.) | |
|---|---|---|
| 1-year return | +76.7% | +167.8% |
| 5-year return | -74.1% | -96.3% |
| Volatility (ann.) | 54.2% | 106.5% |
| Beta vs S&P 500 | 1.21 | 0.77 |
| Max drawdown (3Y) | -73.1% | -99.4% |
| Market cap | $0.5B | $1.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMCX | JBIO |
|---|---|---|
| 2022 | -54.5% | +148.5% |
| 2023 | +19.9% | -22.8% |
| 2024 | -47.3% | -88.3% |
| 2025 | -3.8% | -82.9% |
| 2026 | +29.7% | +38.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMCX and JBIO good diversifiers for each other?
Reasonably. At 0.30, AMCX and JBIO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AMCX and JBIO?
The AMCX/JBIO correlation stands at 0.30 on a 3-year window (1 year: 0.32, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is JBIO a good diversifier for AMCX?
Reasonably. At 0.30, AMCX and JBIO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.30 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/amcx-vs-jbio.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amcx-vs-jbio/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMCX correlations · JBIO correlations
