ACB vs IHT: Correlation
How closely do Aurora Cannabis Inc. (ACB) and InnSuites Hospitality Trust Shares of Beneficial Interest (IHT) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACB and IHT?
Across a 3-year window, the weekly returns of ACB and IHT correlate at -0.26, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.04) runs above the 3-year figure (-0.26). Stretching to 5 years gives -0.17, with an annualized covariance of -1357.6 %².
Out of 15 assets tracked against ACB, IHT lands near the bottom at #15. The trailing year gives ACB the advantage: -24.8% versus -33.8%, a 9.0-point spread. Risk is not evenly split, since ACB carries 1.7 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ACB vs IHT: side by side
| ACB (Aurora Cannabis Inc.) | IHT (InnSuites Hospitality Trust Shares of Beneficial Interest) | |
|---|---|---|
| 1-year return | -24.8% | -33.8% |
| 5-year return | -94.4% | -63.6% |
| Volatility (ann.) | 94.9% | 55.0% |
| Beta vs S&P 500 | 1.23 | 0.07 |
| Max drawdown (3Y) | -73.8% | -69.6% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.44% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACB | IHT |
|---|---|---|
| 2022 | -82.9% | -22.9% |
| 2023 | -48.4% | +2.3% |
| 2024 | -10.7% | +29.5% |
| 2025 | -0.7% | -37.4% |
| 2026 | -5.0% | -3.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACB and IHT good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between ACB and IHT?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with 0.04 over the last year and -0.17 over 5 years.
Is IHT a good diversifier for ACB?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/acb-vs-iht.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/acb-vs-iht/)
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Related comparisons
Hubs: ACB correlations · IHT correlations
