CMCT vs STZ: Correlation
Measured on weekly returns over the past three years, Creative Media (CMCT) and Constellation Brands (STZ) carry a correlation of -0.33, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMCT and STZ?
On 3 years of weekly data the CMCT/STZ correlation comes out at -0.33, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.05) than the 3-year average (-0.33). The 5-year figure is -0.26, and annualized covariance runs at -2651.5 %².
Among the 25 assets we track against CMCT, STZ sits near the bottom by co-movement, at rank #21. Correlation aside, the last 12 months split them widely, with STZ ahead by 83.7 points (-99.4% versus -15.7%). One caveat on sizing: CMCT is 11.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 STZ: side by side
| CMCT (Creative Media) | STZ (Constellation Brands) | |
|---|---|---|
| 1-year return | -99.4% | -15.7% |
| 5-year return | -100.0% | -31.9% |
| Volatility (ann.) | 305.8% | 26.6% |
| Beta vs S&P 500 | 1.22 | 0.41 |
| Max drawdown (3Y) | -100.0% | -51.3% |
| Market cap | – | $22.4B |
| P/E (trailing) | – | 12.8 |
| Dividend yield | 0.00% | 3.04% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | CMCT | STZ |
|---|---|---|
| 2022 | -29.7% | -6.4% |
| 2023 | -18.2% | +5.8% |
| 2024 | -93.3% | -7.1% |
| 2025 | -35.5% | -36.0% |
| 2026 | -98.9% | -2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMCT and STZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
FAQ
What is the correlation between CMCT and STZ?
The CMCT/STZ correlation stands at -0.33 on a 3-year window (1 year: 0.05, 5 years: -0.26), computed from weekly returns as of 2026-08-27.
Is STZ a good diversifier for CMCT?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
What does a correlation of -0.33 mean?
On the −1 to +1 scale, -0.33 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cmct-vs-stz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cmct-vs-stz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CMCT correlations · STZ correlations
