Amplify Alternative Harvest ETF (MJ) — Stock Correlations & Overview
Over the past year, MJ has moved most closely with CNBS, WEED, YOLO. Explore the stocks most correlated and inversely correlated with MJ below, along with its price, financials, and company profile.
Stocks correlated with MJ
Correlation of daily returns. Higher positive values move with MJ; negative values move opposite it. Informational only, not investment advice.
Most correlated with MJ
| Symbol | Company | Correlation |
|---|---|---|
| CNBS | Amplify Seymour Cannabis ETF | 0.94 |
| WEED | Roundhill Cannabis ETF | 0.93 |
| YOLO | AdvisorShares Pure Cannabis ETF | 0.93 |
| MSOS | AdvisorShares Pure US Cannabis ETF | 0.93 |
| MSOX | AdvisorShares MSOS Daily Leveraged ETF | 0.92 |
Most inversely correlated with MJ
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.33 |
| CCHH | CCH Holdings Ltd Class A Ordinary Shares | -0.32 |
| ARBK | Argo Blockchain plc American Depositary Shares | -0.27 |
| MLTX | MoonLake Immunotherapeutics Class A Ordinary SharesPHARMACEUTICAL PREPARATIONS | -0.27 |
| CONI | GraniteShares ETF Trust GraniteShares 2x Short COIN Daily ETF | -0.27 |
Frequently asked questions about MJ correlations
- Which stocks are most correlated with MJ?
- Based on one year of daily returns, the stocks most correlated with Amplify Alternative Harvest ETF (MJ) are CNBS (0.94), WEED (0.93) and YOLO (0.93). 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 MJ?
- Over the past year, the stocks most inversely correlated with Amplify Alternative Harvest ETF (MJ) are SARK (-0.33), CCHH (-0.32) and ARBK (-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 MJ correlations calculated?
- We compute the correlation of daily returns between MJ 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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