Teucrium Sugar Fund (CANE) — Stock Correlations & Overview
Over the past year, CANE has moved most closely with TILL, TAGS, PDBA. Explore the stocks most correlated and inversely correlated with CANE below, along with its price, financials, and company profile.
Stocks correlated with CANE
Correlation of daily returns. Higher positive values move with CANE; negative values move opposite it. Informational only, not investment advice.
Most correlated with CANE
| Symbol | Company | Correlation |
|---|---|---|
| TILL | Teucrium Agricultural Strategy No K-1 ETF | 0.50 |
| TAGS | Teucrium Agricultural FundCOMMODITY CONTRACTS BROKERS & DEALERS | 0.49 |
| PDBA | Invesco Agriculture Commodity Strategy No K-1 ETF | 0.32 |
| CMCI | VanEck CMCI Commodity Strategy ETF | 0.32 |
| DBA | Invesco DB Agriculture FundCOMMODITY CONTRACTS BROKERS & DEALERS | 0.32 |
Most inversely correlated with CANE
| Symbol | Company | Correlation |
|---|---|---|
| BALY | Bally's CorporationHOTELS & MOTELS | -0.31 |
| AWP | abrdn Global Premier Properties Fund | -0.27 |
| RUSHA | Rush Enterprises IncRETAIL-AUTO DEALERS & GASOLINE STATIONS | -0.27 |
| PECO | Phillips Edison & Company, Inc. Common StockREAL ESTATE INVESTMENT TRUSTS | -0.27 |
| SPG | Simon Property Group, Inc.REAL ESTATE INVESTMENT TRUSTS | -0.27 |
Frequently asked questions about CANE correlations
- Which stocks are most correlated with CANE?
- Based on one year of daily returns, the stocks most correlated with Teucrium Sugar Fund (CANE) are TILL (0.50), TAGS (0.49) and PDBA (0.32). 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 CANE?
- Over the past year, the stocks most inversely correlated with Teucrium Sugar Fund (CANE) are BALY (-0.31), AWP (-0.27) and RUSHA (-0.27). 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 CANE correlations calculated?
- We compute the correlation of daily returns between CANE 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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