Aurora Cannabis Inc. Common Shares (ACB) Correlation Distribution
Across 6,809 rolling correlation observations between Aurora Cannabis Inc. Common Shares (ACB) and other NASDAQ-listed stocks, 66.4% are positive and 33.6% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.277, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 37.1% and strong negative correlations (≤−0.7) for 5.5%.
- Total observations
- 6,809
- Mean correlation
- 0.277
- Most common range
- 0.7 to 0.8
- Positive pairs
- 66.4%
- Strong positive (≥0.7)
- 37.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 6 | 0.1% | |
| -0.9 to -0.8 | 183 | 2.7% | |
| -0.8 to -0.7 | 183 | 2.7% | |
| -0.7 to -0.6 | 345 | 5.1% | |
| -0.6 to -0.5 | 345 | 5.1% | |
| -0.5 to -0.4 | 269 | 4.0% | |
| -0.4 to -0.3 | 268 | 3.9% | |
| -0.3 to -0.2 | 231 | 3.4% | |
| -0.2 to -0.1 | 231 | 3.4% | |
| -0.1 to 0.0 | 224 | 3.3% | |
| 0.0 to 0.1 | 223 | 3.3% | |
| 0.1 to 0.2 | 246 | 3.6% | |
| 0.2 to 0.3 | 245 | 3.6% | |
| 0.3 to 0.4 | 263 | 3.9% | |
| 0.4 to 0.5 | 262 | 3.8% | |
| 0.5 to 0.6 | 381 | 5.6% | |
| 0.6 to 0.7 | 380 | 5.6% | |
| 0.7 to 0.8 | 859 | 12.6% | |
| 0.8 to 0.9 | 859 | 12.6% | |
| 0.9 to 1.0 | 806 | 11.8% |
Frequently asked questions
What is the average correlation of ACB?
Aurora Cannabis Inc. Common Shares (ACB) has an average correlation of about 0.277 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ACB positively correlated with other stocks?
Mostly yes — 66.4% of pairs are positive and 33.6% are negative. Strong positive correlations (≥0.7) make up 37.1%.
What is the most common correlation range for ACB?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 20.6% of all pairs.
Explore the full interactive correlation distribution for ACB.
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