ACB vs NTIC: Correlation
Aurora Cannabis Inc. (ACB) and Northern Technologies International Corporation (NTIC) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACB and NTIC?
Across a 3-year window, the weekly returns of ACB and NTIC correlate at -0.21, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.14) sits close to the 3-year figure. Stretching to 5 years gives -0.09, with an annualized covariance of -698.4 %².
Out of 15 assets tracked against ACB, NTIC lands near the bottom at #14. Their recent paths diverged sharply: over the last 12 months NTIC outperformed by 33.4 percentage points (-24.8% for ACB against +8.6% for NTIC). Note the risk asymmetry: ACB runs 2.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 NTIC: side by side
| ACB (Aurora Cannabis Inc.) | NTIC (Northern Technologies International Corporation) | |
|---|---|---|
| 1-year return | -24.8% | +8.6% |
| 5-year return | -94.4% | -46.9% |
| Volatility (ann.) | 94.9% | 35.6% |
| Beta vs S&P 500 | 1.23 | 0.01 |
| Max drawdown (3Y) | -73.8% | -63.3% |
| Market cap | $0.3B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.37% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACB | NTIC |
|---|---|---|
| 2022 | -82.9% | -10.9% |
| 2023 | -48.4% | -9.4% |
| 2024 | -10.7% | +16.7% |
| 2025 | -0.7% | -41.4% |
| 2026 | -5.0% | +3.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACB and NTIC good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ACB and NTIC?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.14 over the last year and -0.09 over 5 years.
Is NTIC a good diversifier for ACB?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/acb-vs-ntic.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/acb-vs-ntic/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ACB correlations · NTIC correlations
