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Last Update: 12-Nov-2024, 18:01 CST

CGC Correlation Report

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Correlation Plot    ExplainYTD: CGC  -22.9 %  vs. SPX  25.5 % 
Canopy Growth Corporation

* Correlation: MODEST* Reward: correlation not >= 0.6 or <= -0.6
* Diversifier: MODEST* Risk: EXTREMELY HIGH

CC *Alpha *Beta *RR *R-Scatter *% Win *

0.311

-1.162

6.43

-18

-0.3

36.7
* Last 60 market days. CGC relative to SPX - S&P 500 Index
Most Correlated Non-ETF Securities:
RankCGC CCTicker Symbol - Security NameSPX CCSPX AlphaSPX Beta
1
0.875 Subscribe first then Login to view complete reports now

0.442

-0.604

4.63
2
0.774 Subscribe first then Login to view complete reports now

0.326

-0.555

3.80
3
0.759 Subscribe first then Login to view complete reports now

0.197

-0.154

3.63
4
0.742 Subscribe first then Login to view complete reports now

0.101

-0.495

3.20
5
0.725 SNDL - SNDL Inc.

0.323

-0.092

3.43
Least Correlated Non-ETF Securities:
RankCGC CCTicker Symbol - Security NameSPX CCSPX AlphaSPX Beta
1
11
0.000 Subscribe first then Login to view complete reports now

-0.009

1.063

-5.26
2
125
0.000 Subscribe first then Login to view complete reports now

0.182

-0.494

3.31
3
18
0.000 Subscribe first then Login to view complete reports now

0.217

-0.538

2.49
4
169
0.000 Subscribe first then Login to view complete reports now

0.027

-5.125

18.91
5
171
0.001 APLE - Apple Hospitality REIT Inc. Common Shares

0.518

0.012

1.76
Most Anti-Correlated Non-ETF Securities:
RankCGC CCTicker Symbol - Security NameSPX CCSPX AlphaSPX Beta
1
1
-0.302 Subscribe first then Login to view complete reports now

0.269

-0.478

2.57
2
1
-0.295 Subscribe first then Login to view complete reports now

-0.015

3.659

-22.41
3
9
-0.267 Subscribe first then Login to view complete reports now

-0.274

-0.003

-0.75
4
4
-0.244 Subscribe first then Login to view complete reports now

0.207

-3.061

10.63
5
2
-0.241 PM - Philip Morris International Inc

-0.042

0.164

-1.26




 

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