AMCX vs PSKY: Correlation
Measured on weekly returns over the past three years, AMC Global Media Inc. (AMCX) and Paramount Skydance Corporation (PSKY) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMCX and PSKY?
On 3 years of weekly data the AMCX/PSKY correlation comes out at 0.41, moderate. The link has tightened recently: the 1-year correlation (0.51) runs above the 3-year figure (0.41). The 5-year figure is 0.54, and annualized covariance runs at 1216.7 %².
By 3-year correlation, PSKY places #6 of the 12 assets tracked against AMCX. The last year tells two different stories: AMCX led by 102.6 percentage points, +76.7% for AMCX against -25.9% for PSKY.
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 PSKY: side by side
| AMCX (AMC Global Media Inc.) | PSKY (Paramount Skydance Corporation) | |
|---|---|---|
| 1-year return | +76.7% | -25.9% |
| 5-year return | -74.1% | -69.8% |
| Volatility (ann.) | 54.2% | 54.4% |
| Beta vs S&P 500 | 1.21 | 0.92 |
| Max drawdown (3Y) | -73.1% | -59.9% |
| Market cap | $0.5B | $12.1B |
| P/E (trailing) | – | 360.0 |
| Dividend yield | 0.00% | 1.86% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | AMCX | PSKY |
|---|---|---|
| 2022 | -54.5% | -41.8% |
| 2023 | +19.9% | -10.4% |
| 2024 | -47.3% | -28.0% |
| 2025 | -3.8% | +30.0% |
| 2026 | +29.7% | -18.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMCX and PSKY good diversifiers for each other?
Reasonably. At 0.41, AMCX and PSKY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AMCX and PSKY?
As of 2026-08-27, the correlation of weekly returns between AMCX and PSKY is 0.41 over 3 years, 0.51 over 1 year and 0.54 over 5 years.
Is PSKY a good diversifier for AMCX?
Reasonably. At 0.41, AMCX and PSKY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 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-psky.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amcx-vs-psky/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMCX correlations · PSKY correlations
