CNK vs GURE: Correlation
How closely do Cinemark Holdings Inc Cinemark Holdings, Inc. (CNK) and Gulf Resources, Inc. (GURE) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNK and GURE?
Across a 3-year window, the weekly returns of CNK and GURE correlate at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.45 versus -0.26 over 3 years. Stretching to 5 years gives -0.12, with an annualized covariance of -1453.1 %².
Out of 12 assets tracked against CNK, GURE lands near the bottom at #11. The last year tells two different stories: CNK led by 95.3 percentage points, +42.8% for CNK against -52.5% for GURE. Note the risk asymmetry: GURE runs 3.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 GURE: side by side
| CNK (Cinemark Holdings Inc Cinemark Holdings, Inc.) | GURE (Gulf Resources, Inc.) | |
|---|---|---|
| 1-year return | +42.8% | -52.5% |
| 5-year return | +119.9% | -92.1% |
| Volatility (ann.) | 40.6% | 137.7% |
| Beta vs S&P 500 | 0.29 | -0.30 |
| Max drawdown (3Y) | -38.4% | -88.1% |
| Market cap | $4.2B | – |
| P/E (trailing) | 20.8 | – |
| Dividend yield | 0.94% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNK | GURE |
|---|---|---|
| 2022 | -46.3% | -28.6% |
| 2023 | +62.7% | -46.6% |
| 2024 | +119.9% | -65.5% |
| 2025 | -24.1% | -35.1% |
| 2026 | +58.8% | -7.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNK and GURE good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between CNK and GURE?
The CNK/GURE correlation stands at -0.26 on a 3-year window (1 year: -0.45, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is GURE a good diversifier for CNK?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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/cnk-vs-gure.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cnk-vs-gure/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CNK correlations · GURE correlations
