IMAX vs PAHC: Correlation
Imax Corporation (IMAX) and Phibro Animal Health Corporation (PAHC) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMAX and PAHC?
On 3 years of weekly data the IMAX/PAHC correlation comes out at 0.33, moderate. Recent behaviour matches the longer record: 0.29 over 1 year against 0.33 over 3. The 5-year figure is 0.32, and annualized covariance runs at 653.3 %².
Among the 10 assets we track against IMAX, PAHC ranks #5 by 3-year correlation. The last year tells two different stories: IMAX led by 65.1 percentage points, +79.4% for IMAX against +14.3% for PAHC.
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.
IMAX vs PAHC: side by side
| IMAX (Imax Corporation) | PAHC (Phibro Animal Health Corporation) | |
|---|---|---|
| 1-year return | +79.4% | +14.3% |
| 5-year return | +235.1% | +73.3% |
| Volatility (ann.) | 37.2% | 53.5% |
| Beta vs S&P 500 | 0.17 | 0.79 |
| Max drawdown (3Y) | -32.0% | -52.1% |
| Market cap | $2.8B | $1.5B |
| P/E (trailing) | 72.1 | 15.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMAX | PAHC |
|---|---|---|
| 2022 | -17.8% | -32.3% |
| 2023 | +2.5% | -10.4% |
| 2024 | +70.4% | +86.3% |
| 2025 | +44.4% | +80.8% |
| 2026 | +40.5% | -2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMAX and PAHC good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IMAX and PAHC?
As of 2026-08-27, the correlation of weekly returns between IMAX and PAHC is 0.33 over 3 years, 0.29 over 1 year and 0.32 over 5 years.
Is PAHC a good diversifier for IMAX?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 mean?
A reading of 0.33 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/imax-vs-pahc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/imax-vs-pahc/)
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Related comparisons
Hubs: IMAX correlations · PAHC correlations
