NCMI vs YYAI: Correlation
National CineMedia, Inc. (NCMI) and AiRWA Inc. (YYAI) show a negative relationship: their 3-year correlation of weekly returns is -0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NCMI and YYAI?
On 3 years of weekly data the NCMI/YYAI correlation comes out at -0.34, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.51) runs below the 3-year figure (-0.34). The 5-year figure is -0.12, and annualized covariance runs at -15050.2 %².
YYAI is close to the least connected end of NCMI's tracked universe, ranking #10 of 10. The last year tells two different stories: NCMI led by 59.4 percentage points, -40.6% for NCMI against -100.0% for YYAI. One caveat on sizing: YYAI is 16.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
NCMI vs YYAI: side by side
| NCMI (National CineMedia, Inc.) | YYAI (AiRWA Inc.) | |
|---|---|---|
| 1-year return | -40.6% | -100.0% |
| 5-year return | -88.8% | -100.0% |
| Volatility (ann.) | 51.6% | 848.8% |
| Beta vs S&P 500 | 0.73 | -0.53 |
| Max drawdown (3Y) | -68.9% | -100.0% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 3.41% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NCMI | YYAI |
|---|---|---|
| 2022 | -91.7% | -98.6% |
| 2023 | +88.2% | -97.8% |
| 2024 | +60.4% | -69.5% |
| 2025 | -39.9% | -98.7% |
| 2026 | -34.5% | -96.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NCMI and YYAI good diversifiers for each other?
Yes. With a correlation of -0.34, NCMI and YYAI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between NCMI and YYAI?
Using weekly returns as of 2026-08-27: -0.34 over 3 years, with -0.51 over the last year and -0.12 over 5 years.
Is YYAI a good diversifier for NCMI?
Yes. With a correlation of -0.34, NCMI and YYAI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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: NCMI correlations · YYAI correlations
