JLL vs NCMI: Correlation
Measured on weekly returns over the past three years, Jones Lang LaSalle Incorporated (JLL) and National CineMedia, Inc. (NCMI) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JLL and NCMI?
Across a 3-year window, the weekly returns of JLL and NCMI correlate at 0.40, moderate. The relationship has been stable: the 1-year correlation (0.47) sits close to the 3-year figure. Stretching to 5 years gives 0.24, with an annualized covariance of 720.0 %².
Among the 26 assets we track against JLL, NCMI sits near the bottom by co-movement, at rank #22. The last year tells two different stories: JLL led by 64.4 percentage points, +23.8% for JLL against -40.6% for NCMI.
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.
JLL vs NCMI: side by side
| JLL (Jones Lang LaSalle Incorporated) | NCMI (National CineMedia, Inc.) | |
|---|---|---|
| 1-year return | +23.8% | -40.6% |
| 5-year return | +55.9% | -88.8% |
| Volatility (ann.) | 34.9% | 51.6% |
| Beta vs S&P 500 | 1.30 | 0.73 |
| Max drawdown (3Y) | -30.6% | -68.9% |
| Market cap | $17.4B | $0.2B |
| P/E (trailing) | 18.5 | – |
| Dividend yield | 0.00% | 3.41% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JLL | NCMI |
|---|---|---|
| 2022 | -40.8% | -91.7% |
| 2023 | +18.5% | +88.2% |
| 2024 | +34.0% | +60.4% |
| 2025 | +32.9% | -39.9% |
| 2026 | +12.6% | -34.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JLL and NCMI good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between JLL and NCMI?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.47 over the last year and 0.24 over 5 years.
Is NCMI a good diversifier for JLL?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
A reading of 0.40 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/jll-vs-ncmi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jll-vs-ncmi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JLL correlations · NCMI correlations
