CNK vs EL: Correlation
Cinemark Holdings Inc Cinemark Holdings, Inc. (CNK) and Estée Lauder Companies (The) (EL) show a negative relationship: their 3-year correlation of weekly returns is -0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNK and EL?
Across a 3-year window, the weekly returns of CNK and EL correlate at -0.17, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.29) runs below the 3-year figure (-0.17). Stretching to 5 years gives 0.00, with an annualized covariance of -328.6 %².
Out of 12 assets tracked against CNK, EL lands near the bottom at #8. Correlation aside, the last 12 months split them widely, with CNK ahead by 26.4 points (+42.8% versus +16.4%).
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.
CNK vs EL: side by side
| CNK (Cinemark Holdings Inc Cinemark Holdings, Inc.) | EL (Estée Lauder Companies (The)) | |
|---|---|---|
| 1-year return | +42.8% | +16.4% |
| 5-year return | +119.9% | -66.7% |
| Volatility (ann.) | 40.6% | 47.0% |
| Beta vs S&P 500 | 0.29 | 1.28 |
| Max drawdown (3Y) | -38.4% | -68.4% |
| Market cap | $4.2B | $38.4B |
| P/E (trailing) | 20.8 | 208.3 |
| Dividend yield | 0.94% | 1.33% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | CNK | EL |
|---|---|---|
| 2022 | -46.3% | -32.3% |
| 2023 | +62.7% | -40.1% |
| 2024 | +119.9% | -47.6% |
| 2025 | -24.1% | +42.1% |
| 2026 | +58.8% | +2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNK and EL good diversifiers for each other?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CNK and EL?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.29 over the last year and 0.00 over 5 years.
Is EL a good diversifier for CNK?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.17 mean?
A reading of -0.17 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/cnk-vs-el.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cnk-vs-el/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CNK correlations · EL correlations
