CNK vs IMAX: Correlation
Cinemark Holdings Inc Cinemark Holdings, Inc. (CNK) and Imax Corporation (IMAX) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNK and IMAX?
Over the past 3 years, CNK and IMAX moved with a correlation of 0.51, which is moderate. Recent behaviour matches the longer record: 0.55 over 1 year against 0.51 over 3. Over 5 years the correlation is 0.63, and the annualized covariance of weekly returns is 773.4 %².
In CNK's tracked universe of 12 assets, IMAX sits right near the top at #2. The last year tells two different stories: IMAX led by 36.6 percentage points, +42.8% for CNK against +79.4% for IMAX.
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 IMAX: side by side
| CNK (Cinemark Holdings Inc Cinemark Holdings, Inc.) | IMAX (Imax Corporation) | |
|---|---|---|
| 1-year return | +42.8% | +79.4% |
| 5-year return | +119.9% | +235.1% |
| Volatility (ann.) | 40.6% | 37.2% |
| Beta vs S&P 500 | 0.29 | 0.17 |
| Max drawdown (3Y) | -38.4% | -32.0% |
| Market cap | $4.2B | $2.8B |
| P/E (trailing) | 20.8 | 72.1 |
| Dividend yield | 0.94% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNK | IMAX |
|---|---|---|
| 2022 | -46.3% | -17.8% |
| 2023 | +62.7% | +2.5% |
| 2024 | +119.9% | +70.4% |
| 2025 | -24.1% | +44.4% |
| 2026 | +58.8% | +40.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNK and IMAX good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CNK and IMAX?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.55 over the last year and 0.63 over 5 years.
Is IMAX a good diversifier for CNK?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 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-imax.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cnk-vs-imax/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CNK correlations · IMAX correlations
