CNK vs SHAK: Correlation
Measured on weekly returns over the past three years, Cinemark Holdings Inc Cinemark Holdings, Inc. (CNK) and Shake Shack, Inc. (SHAK) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNK and SHAK?
On 3 years of weekly data the CNK/SHAK correlation comes out at 0.35, moderate. Little has changed lately, as the 1-year reading of 0.30 lands near the 3-year figure. The 5-year figure is 0.40, and annualized covariance runs at 733.0 %².
Among the 12 assets we track against CNK, SHAK ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CNK outperformed by 76.7 percentage points (+42.8% for CNK against -33.9% for SHAK).
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 SHAK: side by side
| CNK (Cinemark Holdings Inc Cinemark Holdings, Inc.) | SHAK (Shake Shack, Inc.) | |
|---|---|---|
| 1-year return | +42.8% | -33.9% |
| 5-year return | +119.9% | -18.1% |
| Volatility (ann.) | 40.6% | 51.5% |
| Beta vs S&P 500 | 0.29 | 1.42 |
| Max drawdown (3Y) | -38.4% | -63.1% |
| Market cap | $4.2B | $3.0B |
| P/E (trailing) | 20.8 | 76.7 |
| Dividend yield | 0.94% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNK | SHAK |
|---|---|---|
| 2022 | -46.3% | -42.4% |
| 2023 | +62.7% | +78.5% |
| 2024 | +119.9% | +75.1% |
| 2025 | -24.1% | -37.5% |
| 2026 | +58.8% | -13.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNK and SHAK good diversifiers for each other?
Reasonably. At 0.35, CNK and SHAK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CNK and SHAK?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.30 over the last year and 0.40 over 5 years.
Is SHAK a good diversifier for CNK?
Reasonably. At 0.35, CNK and SHAK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
A reading of 0.35 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CNK correlations · SHAK correlations
