AMTX vs CGC: Correlation
How closely do Aemetis, Inc (AMTX) and Canopy Growth Corporation (CGC) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMTX and CGC?
Over the past 3 years, AMTX and CGC moved with a correlation of 0.40, which is moderate. The past 12 months show a weaker link (-0.02) than the 3-year average (0.40). Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 5288.3 %².
In AMTX's tracked universe of 10 assets, CGC sits right near the top at #2. Over the last 12 months AMTX came out ahead by 5.6 percentage points (-27.5% against -33.1%).
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.
AMTX vs CGC: side by side
| AMTX (Aemetis, Inc) | CGC (Canopy Growth Corporation) | |
|---|---|---|
| 1-year return | -27.5% | -33.1% |
| 5-year return | -81.7% | -99.4% |
| Volatility (ann.) | 98.5% | 133.1% |
| Beta vs S&P 500 | 1.51 | 1.82 |
| Max drawdown (3Y) | -79.2% | -95.1% |
| Market cap | $0.1B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMTX | CGC |
|---|---|---|
| 2022 | -67.8% | -73.5% |
| 2023 | +32.3% | -77.9% |
| 2024 | -48.7% | -46.4% |
| 2025 | -48.3% | -58.4% |
| 2026 | +34.5% | -11.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMTX and CGC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AMTX and CGC?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with -0.02 over the last year and 0.29 over 5 years.
Is CGC a good diversifier for AMTX?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/amtx-vs-cgc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/amtx-vs-cgc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMTX correlations · CGC correlations
