AKAN vs MRAM: Correlation
Akanda Corp. (AKAN) and Everspin Technologies, Inc. (MRAM) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKAN and MRAM?
Across a 3-year window, the weekly returns of AKAN and MRAM correlate at 0.42, moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. Stretching to 5 years gives 0.38, with an annualized covariance of 8406.1 %².
By 3-year correlation, MRAM places #5 of the 26 assets tracked against AKAN. Correlation aside, the last 12 months split them widely, with MRAM ahead by 268.4 points (-95.2% versus +173.2%). Note the risk asymmetry: AKAN runs 4.1 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.
AKAN vs MRAM: side by side
| AKAN (Akanda Corp.) | MRAM (Everspin Technologies, Inc.) | |
|---|---|---|
| 1-year return | -95.2% | +173.2% |
| 5-year return | -100.0% | +134.7% |
| Volatility (ann.) | 285.6% | 69.5% |
| Beta vs S&P 500 | 2.86 | 1.58 |
| Max drawdown (3Y) | -99.9% | -70.6% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AKAN | MRAM |
|---|---|---|
| 2022 | – | -50.8% |
| 2023 | -70.5% | +62.6% |
| 2024 | -95.5% | -29.3% |
| 2025 | -90.9% | +45.2% |
| 2026 | -58.9% | +88.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKAN and MRAM good diversifiers for each other?
Reasonably. At 0.42, AKAN and MRAM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AKAN and MRAM?
The AKAN/MRAM correlation stands at 0.42 on a 3-year window (1 year: 0.46, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is MRAM a good diversifier for AKAN?
Reasonably. At 0.42, AKAN and MRAM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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.
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Related comparisons
Hubs: AKAN correlations · MRAM correlations
