Canopy Growth Corporation Common Shares (CGC) Correlation Distribution
Across 6,809 rolling correlation observations between Canopy Growth Corporation Common Shares (CGC) and other NASDAQ-listed stocks, 66.7% are positive and 33.3% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.283, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 37.1% and strong negative correlations (≤−0.7) for 5.2%.
- Total observations
- 6,809
- Mean correlation
- 0.283
- Most common range
- 0.7 to 0.8
- Positive pairs
- 66.7%
- Strong positive (≥0.7)
- 37.1%
- Sector
- Medicinal Chemicals & Botanical Products
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 177 | 2.6% | |
| -0.8 to -0.7 | 176 | 2.6% | |
| -0.7 to -0.6 | 340 | 5.0% | |
| -0.6 to -0.5 | 339 | 5.0% | |
| -0.5 to -0.4 | 289 | 4.2% | |
| -0.4 to -0.3 | 288 | 4.2% | |
| -0.3 to -0.2 | 221 | 3.2% | |
| -0.2 to -0.1 | 221 | 3.2% | |
| -0.1 to 0.0 | 218 | 3.2% | |
| 0.0 to 0.1 | 218 | 3.2% | |
| 0.1 to 0.2 | 213 | 3.1% | |
| 0.2 to 0.3 | 212 | 3.1% | |
| 0.3 to 0.4 | 286 | 4.2% | |
| 0.4 to 0.5 | 285 | 4.2% | |
| 0.5 to 0.6 | 399 | 5.9% | |
| 0.6 to 0.7 | 399 | 5.9% | |
| 0.7 to 0.8 | 862 | 12.7% | |
| 0.8 to 0.9 | 862 | 12.7% | |
| 0.9 to 1.0 | 804 | 11.8% |
Frequently asked questions
What is the average correlation of CGC?
Canopy Growth Corporation Common Shares (CGC) has an average correlation of about 0.283 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CGC positively correlated with other stocks?
Mostly yes — 66.7% of pairs are positive and 33.3% are negative. Strong positive correlations (≥0.7) make up 37.1%.
What is the most common correlation range for CGC?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 19.1% of all pairs.
Explore the full interactive correlation distribution for CGC.
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