CMCT vs VIR: Correlation
Measured on weekly returns over the past three years, Creative Media (CMCT) and Vir Biotechnology, Inc. (VIR) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMCT and VIR?
Over the past 3 years, CMCT and VIR moved with a correlation of 0.55, which is moderate. The past 12 months show a weaker link (0.29) than the 3-year average (0.55). Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 11354.7 %².
By 3-year correlation, VIR places #7 of the 25 assets tracked against CMCT. Correlation aside, the last 12 months split them widely, with VIR ahead by 215.7 points (-99.4% versus +116.3%). One caveat on sizing: CMCT is 4.6 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 VIR: side by side
| CMCT (Creative Media) | VIR (Vir Biotechnology, Inc.) | |
|---|---|---|
| 1-year return | -99.4% | +116.3% |
| 5-year return | -100.0% | -77.3% |
| Volatility (ann.) | 305.8% | 67.1% |
| Beta vs S&P 500 | 1.22 | 0.85 |
| Max drawdown (3Y) | -100.0% | -67.4% |
| Market cap | – | $1.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CMCT | VIR |
|---|---|---|
| 2022 | -29.7% | -39.6% |
| 2023 | -18.2% | -60.3% |
| 2024 | -93.3% | -27.0% |
| 2025 | -35.5% | -17.8% |
| 2026 | -98.9% | +87.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMCT and VIR good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CMCT and VIR?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.29 over the last year and 0.42 over 5 years.
Is VIR a good diversifier for CMCT?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 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-vir.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cmct-vs-vir/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CMCT correlations · VIR correlations
