Cronos Group Inc. Common Share (CRON) — Stock Correlations & Overview
Over the past year, CRON has moved most closely with MJ, ACB, YOLO. Explore the stocks most correlated and inversely correlated with CRON below, along with its price, financials, and company profile.
Stocks correlated with CRON
Correlation of daily returns. Higher positive values move with CRON; negative values move opposite it. Informational only, not investment advice.
Most correlated with CRON
| Symbol | Company | Correlation |
|---|---|---|
| MJ | Amplify Alternative Harvest ETF | 0.69 |
| ACB | Aurora Cannabis Inc. Common Shares | 0.68 |
| YOLO | AdvisorShares Pure Cannabis ETF | 0.66 |
| CGC | Canopy Growth Corporation Common SharesMEDICINAL CHEMICALS & BOTANICAL PRODUCTS | 0.64 |
| TLRY | Tilray Brands, Inc. Common StockMEDICINAL CHEMICALS & BOTANICAL PRODUCTS | 0.64 |
Most inversely correlated with CRON
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.34 |
| CONI | GraniteShares ETF Trust GraniteShares 2x Short COIN Daily ETF | -0.30 |
| SCC | ProShares UltraShort Consumer Discretionary | -0.29 |
| TWM | ProShares UltraShort Russell2000 | -0.28 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.28 |
Frequently asked questions about CRON correlations
- Which stocks are most correlated with CRON?
- Based on one year of daily returns, the stocks most correlated with Cronos Group Inc. Common Share (CRON) are MJ (0.69), ACB (0.68) and YOLO (0.66). 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 CRON?
- Over the past year, the stocks most inversely correlated with Cronos Group Inc. Common Share (CRON) are SARK (-0.34), CONI (-0.30) and SCC (-0.29). 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 CRON correlations calculated?
- We compute the correlation of daily returns between CRON 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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