Tilray Brands, Inc. Common Stock (TLRY) — Stock Correlations & Overview
Over the past year, TLRY has moved most closely with MJ, CGC, SNDL. Explore the stocks most correlated and inversely correlated with TLRY below, along with its price, financials, and company profile.
Stocks correlated with TLRY
Correlation of daily returns. Higher positive values move with TLRY; negative values move opposite it. Informational only, not investment advice.
Most correlated with TLRY
| Symbol | Company | Correlation |
|---|---|---|
| MJ | Amplify Alternative Harvest ETF | 0.81 |
| CGC | Canopy Growth Corporation Common SharesMEDICINAL CHEMICALS & BOTANICAL PRODUCTS | 0.74 |
| SNDL | Sundial Growers Inc. Common Shares | 0.74 |
| YOLO | AdvisorShares Pure Cannabis ETF | 0.74 |
| ACB | Aurora Cannabis Inc. Common Shares | 0.73 |
Most inversely correlated with TLRY
| Symbol | Company | Correlation |
|---|---|---|
| MLTX | MoonLake Immunotherapeutics Class A Ordinary SharesPHARMACEUTICAL PREPARATIONS | -0.44 |
| KALA | KALA BIO, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.36 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.34 |
| CCHH | CCH Holdings Ltd Class A Ordinary Shares | -0.29 |
| SCC | ProShares UltraShort Consumer Discretionary | -0.27 |
Frequently asked questions about TLRY correlations
- Which stocks are most correlated with TLRY?
- Based on one year of daily returns, the stocks most correlated with Tilray Brands, Inc. Common Stock (TLRY) are MJ (0.81), CGC (0.74) and SNDL (0.74). 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 TLRY?
- Over the past year, the stocks most inversely correlated with Tilray Brands, Inc. Common Stock (TLRY) are MLTX (-0.44), KALA (-0.36) and SARK (-0.34). 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 TLRY correlations calculated?
- We compute the correlation of daily returns between TLRY 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.