KODK vs MRNO: Correlation
Eastman Kodak Company Common New (KODK) and Murano Global Investments PLC (MRNO) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KODK and MRNO?
Across a 3-year window, the weekly returns of KODK and MRNO correlate at -0.24, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.27 over 1 year against -0.24 over 3. Stretching to 5 years gives -0.21, with an annualized covariance of -2841.0 %².
MRNO is close to the least connected end of KODK's tracked universe, ranking #10 of 12. Their recent paths diverged sharply: over the last 12 months KODK outperformed by 158.0 percentage points (+61.6% for KODK against -96.4% for MRNO). Note the risk asymmetry: MRNO runs 2.5 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.
KODK vs MRNO: side by side
| KODK (Eastman Kodak Company Common New) | MRNO (Murano Global Investments PLC) | |
|---|---|---|
| 1-year return | +61.6% | -96.4% |
| 5-year return | +31.0% | -97.9% |
| Volatility (ann.) | 68.0% | 170.9% |
| Beta vs S&P 500 | 1.59 | 1.65 |
| Max drawdown (3Y) | -47.2% | -99.1% |
| Market cap | $0.9B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KODK | MRNO |
|---|---|---|
| 2022 | -34.8% | – |
| 2023 | +27.9% | +9.0% |
| 2024 | +68.5% | -8.4% |
| 2025 | +28.8% | -94.4% |
| 2026 | +11.9% | -63.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KODK and MRNO good diversifiers for each other?
Yes. With a correlation of -0.24, KODK and MRNO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between KODK and MRNO?
As of 2026-08-27, the correlation of weekly returns between KODK and MRNO is -0.24 over 3 years, -0.27 over 1 year and -0.21 over 5 years.
Is MRNO a good diversifier for KODK?
Yes. With a correlation of -0.24, KODK and MRNO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/kodk-vs-mrno.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kodk-vs-mrno/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KODK correlations · MRNO correlations
