IMAX vs TPST: Correlation
Imax Corporation (IMAX) and Tempest Therapeutics, Inc. (TPST) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMAX and TPST?
On 3 years of weekly data the IMAX/TPST correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.10 over 1 year against -0.19 over 3. The 5-year figure is -0.11, and annualized covariance runs at -5395.0 %².
Among the 10 assets we track against IMAX, TPST sits near the bottom by co-movement, at rank #9. Their recent paths diverged sharply: over the last 12 months IMAX outperformed by 169.4 percentage points (+79.4% for IMAX against -90.0% for TPST). Note the risk asymmetry: TPST runs 21.0 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.
IMAX vs TPST: side by side
| IMAX (Imax Corporation) | TPST (Tempest Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +79.4% | -90.0% |
| 5-year return | +235.1% | -99.4% |
| Volatility (ann.) | 37.2% | 782.8% |
| Beta vs S&P 500 | 0.17 | 1.97 |
| Max drawdown (3Y) | -32.0% | -99.3% |
| Market cap | $2.8B | – |
| P/E (trailing) | 72.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMAX | TPST |
|---|---|---|
| 2022 | -17.8% | -78.2% |
| 2023 | +2.5% | +282.6% |
| 2024 | +70.4% | -81.0% |
| 2025 | +44.4% | -73.6% |
| 2026 | +40.5% | -62.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMAX and TPST good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between IMAX and TPST?
As of 2026-08-27, the correlation of weekly returns between IMAX and TPST is -0.19 over 3 years, -0.10 over 1 year and -0.11 over 5 years.
Is TPST a good diversifier for IMAX?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
A reading of -0.19 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-tpst.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/imax-vs-tpst/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IMAX correlations · TPST correlations
