CMCT vs EIX: Correlation
How closely do Creative Media (CMCT) and Edison International (EIX) trade together? Their weekly returns over three years give a correlation of -0.40, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMCT and EIX?
On 3 years of weekly data the CMCT/EIX correlation comes out at -0.40, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.14) than the 3-year average (-0.40). The 5-year figure is -0.31, and annualized covariance runs at -3150.5 %².
Out of 25 assets tracked against CMCT, EIX lands near the bottom at #25. Correlation aside, the last 12 months split them widely, with EIX ahead by 139.8 points (-99.4% versus +40.4%). Risk is not evenly split, since CMCT carries 11.8 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.
CMCT vs EIX: side by side
| CMCT (Creative Media) | EIX (Edison International) | |
|---|---|---|
| 1-year return | -99.4% | +40.4% |
| 5-year return | -100.0% | +62.2% |
| Volatility (ann.) | 305.8% | 26.0% |
| Beta vs S&P 500 | 1.22 | 0.24 |
| Max drawdown (3Y) | -100.0% | -43.9% |
| Market cap | – | $28.4B |
| P/E (trailing) | – | 7.7 |
| Dividend yield | 0.00% | 4.64% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | CMCT | EIX |
|---|---|---|
| 2022 | -29.7% | -2.6% |
| 2023 | -18.2% | +17.4% |
| 2024 | -93.3% | +15.2% |
| 2025 | -35.5% | -20.4% |
| 2026 | -98.9% | +27.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMCT and EIX good diversifiers for each other?
Yes: at -0.40, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CMCT and EIX?
As of 2026-08-27, the correlation of weekly returns between CMCT and EIX is -0.40 over 3 years, -0.14 over 1 year and -0.31 over 5 years.
Is EIX a good diversifier for CMCT?
Yes: at -0.40, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.40 mean?
A reading of -0.40 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cmct-vs-eix.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cmct-vs-eix/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CMCT correlations · EIX correlations
