CMCT vs MCY: Correlation
Measured on weekly returns over the past three years, Creative Media (CMCT) and Mercury General Corporation (MCY) carry a correlation of -0.36, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMCT and MCY?
On 3 years of weekly data the CMCT/MCY correlation comes out at -0.36, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.13 versus -0.36 over 3 years. The 5-year figure is -0.27, and annualized covariance runs at -3987.3 %².
Among the 25 assets we track against CMCT, MCY sits near the bottom by co-movement, at rank #23. Correlation aside, the last 12 months split them widely, with MCY ahead by 133.5 points (-99.4% versus +34.1%). Risk is not evenly split, since CMCT carries 8.5 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 MCY: side by side
| CMCT (Creative Media) | MCY (Mercury General Corporation) | |
|---|---|---|
| 1-year return | -99.4% | +34.1% |
| 5-year return | -100.0% | +99.9% |
| Volatility (ann.) | 305.8% | 35.8% |
| Beta vs S&P 500 | 1.22 | 0.75 |
| Max drawdown (3Y) | -100.0% | -40.0% |
| Market cap | – | – |
| P/E (trailing) | – | 6.2 |
| Dividend yield | 0.00% | 1.21% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CMCT | MCY |
|---|---|---|
| 2022 | -29.7% | -32.6% |
| 2023 | -18.2% | +13.6% |
| 2024 | -93.3% | +82.3% |
| 2025 | -35.5% | +44.1% |
| 2026 | -98.9% | +9.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMCT and MCY good diversifiers for each other?
Yes: at -0.36, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CMCT and MCY?
The CMCT/MCY correlation stands at -0.36 on a 3-year window (1 year: 0.13, 5 years: -0.27), computed from weekly returns as of 2026-08-27.
Is MCY a good diversifier for CMCT?
Yes: at -0.36, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.36 mean?
A reading of -0.36 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-mcy.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cmct-vs-mcy/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CMCT correlations · MCY correlations
