IBEX vs LION: Correlation
Measured on weekly returns over the past three years, IBEX Limited - Common Share (IBEX) and Lionsgate Studios Corp (LION) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBEX and LION?
On 3 years of weekly data the IBEX/LION correlation comes out at 0.34, moderate. The link has tightened recently: the 1-year correlation (0.47) runs above the 3-year figure (0.34). The 5-year figure is 0.30, and annualized covariance runs at 722.9 %².
Among the 12 assets we track against IBEX, LION ranks #6 by 3-year correlation. The last year tells two different stories: LION led by 52.2 percentage points, +26.7% for IBEX against +78.9% for LION.
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.
IBEX vs LION: side by side
| IBEX (IBEX Limited - Common Share) | LION (Lionsgate Studios Corp) | |
|---|---|---|
| 1-year return | +26.7% | +78.9% |
| 5-year return | +104.6% | +19.0% |
| Volatility (ann.) | 45.5% | 46.5% |
| Beta vs S&P 500 | 1.03 | 0.70 |
| Max drawdown (3Y) | -37.1% | -55.4% |
| Market cap | $0.5B | $3.4B |
| P/E (trailing) | 11.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IBEX | LION |
|---|---|---|
| 2022 | +92.8% | – |
| 2023 | -23.5% | +6.6% |
| 2024 | +13.0% | -28.3% |
| 2025 | +77.7% | +20.1% |
| 2026 | -2.4% | +26.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBEX and LION good diversifiers for each other?
Reasonably. At 0.34, IBEX and LION keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between IBEX and LION?
The IBEX/LION correlation stands at 0.34 on a 3-year window (1 year: 0.47, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is LION a good diversifier for IBEX?
Reasonably. At 0.34, IBEX and LION keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: IBEX correlations · LION correlations
