AMCX vs RNG: Correlation
Measured on weekly returns over the past three years, AMC Global Media Inc. (AMCX) and RingCentral, Inc. (RNG) 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 RNG?
Over the past 3 years, AMCX and RNG moved with a correlation of 0.46, which is moderate. Recent behaviour matches the longer record: 0.51 over 1 year against 0.46 over 3. Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 1288.9 %².
By 3-year correlation, RNG places #4 of the 12 assets tracked against AMCX. The last year tells two different stories: RNG led by 47.6 percentage points, +76.7% for AMCX against +124.3% for RNG.
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 RNG: side by side
| AMCX (AMC Global Media Inc.) | RNG (RingCentral, Inc.) | |
|---|---|---|
| 1-year return | +76.7% | +124.3% |
| 5-year return | -74.1% | -73.1% |
| Volatility (ann.) | 54.2% | 52.2% |
| Beta vs S&P 500 | 1.21 | 1.54 |
| Max drawdown (3Y) | -73.1% | -48.6% |
| Market cap | $0.5B | $5.7B |
| P/E (trailing) | – | 52.7 |
| Dividend yield | 0.00% | 0.23% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMCX | RNG |
|---|---|---|
| 2022 | -54.5% | -81.1% |
| 2023 | +19.9% | -4.1% |
| 2024 | -47.3% | +3.1% |
| 2025 | -3.8% | -17.5% |
| 2026 | +29.7% | +138.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMCX and RNG good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AMCX and RNG?
As of 2026-08-27, the correlation of weekly returns between AMCX and RNG is 0.46 over 3 years, 0.51 over 1 year and 0.35 over 5 years.
Is RNG a good diversifier for AMCX?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/amcx-vs-rng.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/amcx-vs-rng/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMCX correlations · RNG correlations
