AKAN vs BOOM: Correlation
Akanda Corp. (AKAN) and DMC Global Inc. (BOOM) 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 AKAN and BOOM?
Across a 3-year window, the weekly returns of AKAN and BOOM correlate at 0.41, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.54 versus 0.41 over 3 years. Stretching to 5 years gives 0.30, with an annualized covariance of 7037.9 %².
Among the 26 assets we track against AKAN, BOOM ranks #6 by 3-year correlation. The last year tells two different stories: BOOM led by 101.9 percentage points, -95.2% for AKAN against +6.7% for BOOM. Risk is not evenly split, since AKAN carries 4.7 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.
AKAN vs BOOM: side by side
| AKAN (Akanda Corp.) | BOOM (DMC Global Inc.) | |
|---|---|---|
| 1-year return | -95.2% | +6.7% |
| 5-year return | -100.0% | -82.6% |
| Volatility (ann.) | 285.6% | 60.2% |
| Beta vs S&P 500 | 2.86 | 1.12 |
| Max drawdown (3Y) | -99.9% | -82.3% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AKAN | BOOM |
|---|---|---|
| 2022 | – | -50.9% |
| 2023 | -70.5% | -3.2% |
| 2024 | -95.5% | -60.9% |
| 2025 | -90.9% | -9.0% |
| 2026 | -58.9% | +4.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKAN and BOOM 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 AKAN and BOOM?
The AKAN/BOOM correlation stands at 0.41 on a 3-year window (1 year: 0.54, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is BOOM a good diversifier for AKAN?
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?
On the −1 to +1 scale, 0.41 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/akan-vs-boom.json
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Related comparisons
Hubs: AKAN correlations · BOOM correlations
