Aurora Cannabis Inc. Common Shares (ACB) — Stock Correlations & Overview
Over the past year, ACB has moved most closely with MJ, TLRY, CGC. Explore the stocks most correlated and inversely correlated with ACB below, along with its price, financials, and company profile.
Stocks correlated with ACB
Correlation of daily returns. Higher positive values move with ACB; negative values move opposite it. Informational only, not investment advice.
Most correlated with ACB
| Symbol | Company | Correlation |
|---|---|---|
| MJ | Amplify Alternative Harvest ETF | 0.75 |
| TLRY | Tilray Brands, Inc. Common StockMEDICINAL CHEMICALS & BOTANICAL PRODUCTS | 0.73 |
| CGC | Canopy Growth Corporation Common SharesMEDICINAL CHEMICALS & BOTANICAL PRODUCTS | 0.73 |
| YOLO | AdvisorShares Pure Cannabis ETF | 0.72 |
| SNDL | Sundial Growers Inc. Common Shares | 0.71 |
Most inversely correlated with ACB
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.43 |
| CONI | GraniteShares ETF Trust GraniteShares 2x Short COIN Daily ETF | -0.40 |
| FIAT | YieldMax Short COIN Option Income Strategy ETF | -0.36 |
| MLTX | MoonLake Immunotherapeutics Class A Ordinary SharesPHARMACEUTICAL PREPARATIONS | -0.35 |
| BTCZ | T-Rex 2X Inverse Bitcoin Daily Target ETF | -0.35 |
Frequently asked questions about ACB correlations
- Which stocks are most correlated with ACB?
- Based on one year of daily returns, the stocks most correlated with Aurora Cannabis Inc. Common Shares (ACB) are MJ (0.75), TLRY (0.73) and CGC (0.73). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with ACB?
- Over the past year, the stocks most inversely correlated with Aurora Cannabis Inc. Common Shares (ACB) are SARK (-0.43), CONI (-0.40) and FIAT (-0.36). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these ACB correlations calculated?
- We compute the correlation of daily returns between ACB and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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