ACB vs SFWL: Correlation
Aurora Cannabis Inc. (ACB) and Shengfeng Development Limited - Class A (SFWL) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACB and SFWL?
On 3 years of weekly data the ACB/SFWL correlation comes out at 0.34, moderate. Lately the two have drifted apart, with the 1-year correlation at -0.19 versus 0.34 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 2999.0 %².
Within ACB's tracked universe of 15 assets, SFWL comes in at #8 by 3-year correlation. Over the last 12 months SFWL came out ahead by 10.4 percentage points (-24.8% against -14.4%).
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 SFWL: side by side
| ACB (Aurora Cannabis Inc.) | SFWL (Shengfeng Development Limited - Class A) | |
|---|---|---|
| 1-year return | -24.8% | -14.4% |
| 5-year return | -94.4% | n/a |
| Volatility (ann.) | 94.9% | 94.3% |
| Beta vs S&P 500 | 1.23 | 0.08 |
| Max drawdown (3Y) | -73.8% | -95.9% |
| Market cap | $0.3B | $0.1B |
| P/E (trailing) | – | 6.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACB | SFWL |
|---|---|---|
| 2022 | -82.9% | – |
| 2023 | -48.4% | – |
| 2024 | -10.7% | -63.3% |
| 2025 | -0.7% | -12.0% |
| 2026 | -5.0% | -8.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACB and SFWL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ACB and SFWL?
The ACB/SFWL correlation stands at 0.34 on a 3-year window (1 year: -0.19, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SFWL a good diversifier for ACB?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 mean?
On the −1 to +1 scale, 0.34 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-sfwl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/acb-vs-sfwl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ACB correlations · SFWL correlations
