AKAN vs EUDA: Correlation
How closely do Akanda Corp. (AKAN) and Euda Health Holdings Limited (EUDA) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKAN and EUDA?
Over the past 3 years, AKAN and EUDA moved with a correlation of 0.37, which is moderate. Little has changed lately, as the 1-year reading of 0.45 lands near the 3-year figure. Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 14638.7 %².
By 3-year correlation, EUDA places #10 of the 26 assets tracked against AKAN. The last year tells two different stories: EUDA led by 28.0 percentage points, -95.2% for AKAN against -67.2% for EUDA. One caveat on sizing: AKAN is 2.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 EUDA: side by side
| AKAN (Akanda Corp.) | EUDA (Euda Health Holdings Limited) | |
|---|---|---|
| 1-year return | -95.2% | -67.2% |
| 5-year return | -100.0% | -92.2% |
| Volatility (ann.) | 285.6% | 139.0% |
| Beta vs S&P 500 | 2.86 | 0.75 |
| Max drawdown (3Y) | -99.9% | -95.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AKAN | EUDA |
|---|---|---|
| 2022 | – | -83.1% |
| 2023 | -70.5% | -13.2% |
| 2024 | -95.5% | +212.9% |
| 2025 | -90.9% | -48.4% |
| 2026 | -58.9% | -67.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKAN and EUDA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AKAN and EUDA?
The AKAN/EUDA correlation stands at 0.37 on a 3-year window (1 year: 0.45, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is EUDA a good diversifier for AKAN?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 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
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Related comparisons
Hubs: AKAN correlations · EUDA correlations
