Akanda Corp. Common Shares (AKAN) Correlation Distribution
Across 6,737 rolling correlation observations between Akanda Corp. Common Shares (AKAN) and other NASDAQ-listed stocks, 67.5% are positive and 32.5% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.231, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 12.8% and strong negative correlations (≤−0.7) for 0.7%.
- Total observations
- 6,737
- Mean correlation
- 0.231
- Most common range
- 0.5 to 0.6
- Positive pairs
- 67.5%
- Strong positive (≥0.7)
- 12.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 22 | 0.3% | |
| -0.8 to -0.7 | 21 | 0.3% | |
| -0.7 to -0.6 | 33 | 0.5% | |
| -0.6 to -0.5 | 32 | 0.5% | |
| -0.5 to -0.4 | 357 | 5.3% | |
| -0.4 to -0.3 | 356 | 5.3% | |
| -0.3 to -0.2 | 499 | 7.4% | |
| -0.2 to -0.1 | 498 | 7.4% | |
| -0.1 to 0.0 | 370 | 5.5% | |
| 0.0 to 0.1 | 370 | 5.5% | |
| 0.1 to 0.2 | 413 | 6.1% | |
| 0.2 to 0.3 | 412 | 6.1% | |
| 0.3 to 0.4 | 597 | 8.9% | |
| 0.4 to 0.5 | 597 | 8.9% | |
| 0.5 to 0.6 | 647 | 9.6% | |
| 0.6 to 0.7 | 646 | 9.6% | |
| 0.7 to 0.8 | 402 | 6.0% | |
| 0.8 to 0.9 | 402 | 6.0% | |
| 0.9 to 1.0 | 61 | 0.9% |
Frequently asked questions
What is the average correlation of AKAN?
Akanda Corp. Common Shares (AKAN) has an average correlation of about 0.231 with other NASDAQ stocks, based on 6,737 pairwise observations.
Is AKAN positively correlated with other stocks?
Mostly yes — 67.5% of pairs are positive and 32.5% are negative. Strong positive correlations (≥0.7) make up 12.8%.
What is the most common correlation range for AKAN?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 38% of all pairs.
Explore the full interactive correlation distribution for AKAN.
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