AKAN vs SOTK: Correlation
Measured on weekly returns over the past three years, Akanda Corp. (AKAN) and Sono-Tek Corporation (SOTK) carry a correlation of 0.31, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKAN and SOTK?
On 3 years of weekly data the AKAN/SOTK correlation comes out at 0.31, moderate. Little has changed lately, as the 1-year reading of 0.36 lands near the 3-year figure. The 5-year figure is 0.20, and annualized covariance runs at 3011.4 %².
Within AKAN's tracked universe of 26 assets, SOTK comes in at #13 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SOTK ahead by 145.3 points (-95.2% versus +50.1%). One caveat on sizing: AKAN is 8.4 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 SOTK: side by side
| AKAN (Akanda Corp.) | SOTK (Sono-Tek Corporation) | |
|---|---|---|
| 1-year return | -95.2% | +50.1% |
| 5-year return | -100.0% | +46.2% |
| Volatility (ann.) | 285.6% | 33.8% |
| Beta vs S&P 500 | 2.86 | 0.46 |
| Max drawdown (3Y) | -99.9% | -46.5% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 38.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AKAN | SOTK |
|---|---|---|
| 2022 | – | -13.6% |
| 2023 | -70.5% | -15.7% |
| 2024 | -95.5% | -25.9% |
| 2025 | -90.9% | +3.0% |
| 2026 | -58.9% | +21.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKAN and SOTK good diversifiers for each other?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AKAN and SOTK?
The AKAN/SOTK correlation stands at 0.31 on a 3-year window (1 year: 0.36, 5 years: 0.20), computed from weekly returns as of 2026-08-27.
Is SOTK a good diversifier for AKAN?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.31 mean?
A reading of 0.31 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
$ curl https://www.pairbook.io/api/v1/pairs/akan-vs-sotk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/akan-vs-sotk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AKAN correlations · SOTK correlations
