cbdMD, Inc. Common Stock (YCBD) — Stock Correlations & Overview
Over the past year, YCBD has moved most closely with MJ, YOLO, TLRY. Explore the stocks most correlated and inversely correlated with YCBD below, along with its price, financials, and company profile.
Stocks correlated with YCBD
Correlation of daily returns. Higher positive values move with YCBD; negative values move opposite it. Informational only, not investment advice.
Most correlated with YCBD
| Symbol | Company | Correlation |
|---|---|---|
| MJ | Amplify Alternative Harvest ETF | 0.62 |
| YOLO | AdvisorShares Pure Cannabis ETF | 0.58 |
| TLRY | Tilray Brands, Inc. Common StockMEDICINAL CHEMICALS & BOTANICAL PRODUCTS | 0.58 |
| CGC | Canopy Growth Corporation Common SharesMEDICINAL CHEMICALS & BOTANICAL PRODUCTS | 0.57 |
| ACB | Aurora Cannabis Inc. Common Shares | 0.57 |
Most inversely correlated with YCBD
| Symbol | Company | Correlation |
|---|---|---|
| MLTX | MoonLake Immunotherapeutics Class A Ordinary SharesPHARMACEUTICAL PREPARATIONS | -0.48 |
| CCHH | CCH Holdings Ltd Class A Ordinary Shares | -0.43 |
| KALA | KALA BIO, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.41 |
| JZXN | Jiuzi Holdings, Inc. Ordinary Shares | -0.33 |
| MENS | Jyong Biotech Ltd. Ordinary Shares | -0.31 |
Frequently asked questions about YCBD correlations
- Which stocks are most correlated with YCBD?
- Based on one year of daily returns, the stocks most correlated with cbdMD, Inc. Common Stock (YCBD) are MJ (0.62), YOLO (0.58) and TLRY (0.58). 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 YCBD?
- Over the past year, the stocks most inversely correlated with cbdMD, Inc. Common Stock (YCBD) are MLTX (-0.48), CCHH (-0.43) and KALA (-0.41). 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 YCBD correlations calculated?
- We compute the correlation of daily returns between YCBD 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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