AKAN vs MRDN: Correlation
Akanda Corp. (AKAN) and Meridian Holdings Inc. (MRDN) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKAN and MRDN?
Over the past 3 years, AKAN and MRDN moved with a correlation of 0.35, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.52 versus 0.35 over 3 years. Over 5 years the correlation is 0.25, and the annualized covariance of weekly returns is 8906.4 %².
Among the 26 assets we track against AKAN, MRDN ranks #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MRDN outperformed by 85.6 percentage points (-95.2% for AKAN against -9.6% for MRDN). Note the risk asymmetry: AKAN runs 3.2 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 MRDN: side by side
| AKAN (Akanda Corp.) | MRDN (Meridian Holdings Inc.) | |
|---|---|---|
| 1-year return | -95.2% | -9.6% |
| 5-year return | -100.0% | -82.1% |
| Volatility (ann.) | 285.6% | 89.9% |
| Beta vs S&P 500 | 2.86 | 0.53 |
| Max drawdown (3Y) | -99.9% | -91.7% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AKAN | MRDN |
|---|---|---|
| 2022 | – | -60.4% |
| 2023 | -70.5% | -5.1% |
| 2024 | -95.5% | -17.8% |
| 2025 | -90.9% | -59.5% |
| 2026 | -58.9% | +45.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKAN and MRDN good diversifiers for each other?
Reasonably. At 0.35, AKAN and MRDN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AKAN and MRDN?
As of 2026-08-27, the correlation of weekly returns between AKAN and MRDN is 0.35 over 3 years, 0.52 over 1 year and 0.25 over 5 years.
Is MRDN a good diversifier for AKAN?
Reasonably. At 0.35, AKAN and MRDN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
A reading of 0.35 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: AKAN correlations · MRDN correlations
