AKAN vs GEHC: Correlation
Measured on weekly returns over the past three years, Akanda Corp. (AKAN) and GE HealthCare (GEHC) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKAN and GEHC?
Over the past 3 years, AKAN and GEHC moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.37) than the 3-year average (-0.18). Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -1709.9 %².
Among the 26 assets we track against AKAN, GEHC ranks #17 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GEHC ahead by 93.0 points (-95.2% versus -2.2%). Risk is not evenly split, since AKAN carries 8.8 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 GEHC: side by side
| AKAN (Akanda Corp.) | GEHC (GE HealthCare) | |
|---|---|---|
| 1-year return | -95.2% | -2.2% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 285.6% | 32.4% |
| Beta vs S&P 500 | 2.86 | 1.22 |
| Max drawdown (3Y) | -99.9% | -37.4% |
| Market cap | – | $32.7B |
| P/E (trailing) | – | 16.9 |
| Dividend yield | 0.00% | 0.19% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | AKAN | GEHC |
|---|---|---|
| 2023 | -70.5% | +32.6% |
| 2024 | -95.5% | +1.3% |
| 2025 | -90.9% | +5.1% |
| 2026 | -58.9% | -11.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKAN and GEHC good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between AKAN and GEHC?
As of 2026-08-27, the correlation of weekly returns between AKAN and GEHC is -0.18 over 3 years, -0.37 over 1 year and -0.13 over 5 years.
Is GEHC a good diversifier for AKAN?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 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
$ curl https://www.pairbook.io/api/v1/pairs/akan-vs-gehc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/akan-vs-gehc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AKAN correlations · GEHC correlations
