ACB vs NN: Correlation
Aurora Cannabis Inc. (ACB) and NextNav Inc. (NN) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACB and NN?
Across a 3-year window, the weekly returns of ACB and NN correlate at 0.41, moderate. Recent behaviour matches the longer record: 0.36 over 1 year against 0.41 over 3. Stretching to 5 years gives 0.32, with an annualized covariance of 2920.6 %².
Among the 15 assets we track against ACB, NN ranks #6 by 3-year correlation. Over the last 12 months NN came out ahead by 13.1 percentage points (-24.8% against -11.7%).
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 NN: side by side
| ACB (Aurora Cannabis Inc.) | NN (NextNav Inc.) | |
|---|---|---|
| 1-year return | -24.8% | -11.7% |
| 5-year return | -94.4% | +56.5% |
| Volatility (ann.) | 94.9% | 75.3% |
| Beta vs S&P 500 | 1.23 | 1.45 |
| Max drawdown (3Y) | -73.8% | -47.8% |
| Market cap | $0.3B | $2.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACB | NN |
|---|---|---|
| 2022 | -82.9% | -66.6% |
| 2023 | -48.4% | +51.9% |
| 2024 | -10.7% | +249.7% |
| 2025 | -0.7% | +6.9% |
| 2026 | -5.0% | -5.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACB and NN good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ACB and NN?
The ACB/NN correlation stands at 0.41 on a 3-year window (1 year: 0.36, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is NN a good diversifier for ACB?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 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.
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Related comparisons
Hubs: ACB correlations · NN correlations
