CGTX vs TLRY: Correlation
Cognition Therapeutics, Inc. (CGTX) and Tilray Brands, Inc. (TLRY) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CGTX and TLRY?
Over the past 3 years, CGTX and TLRY moved with a correlation of 0.39, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.12 versus 0.39 over 3 years. Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 4499.1 %².
Within CGTX's tracked universe of 11 assets, TLRY comes in at #5 by 3-year correlation. Neither side won the trailing year by much: -65.4% against -66.6%. Note the risk asymmetry: CGTX runs 1.5 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.
CGTX vs TLRY: side by side
| CGTX (Cognition Therapeutics, Inc.) | TLRY (Tilray Brands, Inc.) | |
|---|---|---|
| 1-year return | -65.4% | -66.6% |
| 5-year return | -91.7% | -96.5% |
| Volatility (ann.) | 134.0% | 86.6% |
| Beta vs S&P 500 | 2.37 | 1.37 |
| Max drawdown (3Y) | -90.9% | -89.1% |
| Market cap | $0.1B | $0.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CGTX | TLRY |
|---|---|---|
| 2022 | -66.8% | -61.7% |
| 2023 | -11.9% | -14.5% |
| 2024 | -62.1% | -42.2% |
| 2025 | +92.6% | -32.1% |
| 2026 | -21.5% | -49.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CGTX and TLRY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CGTX and TLRY?
The CGTX/TLRY correlation stands at 0.39 on a 3-year window (1 year: 0.12, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is TLRY a good diversifier for CGTX?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 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/cgtx-vs-tlry.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cgtx-vs-tlry/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CGTX correlations · TLRY correlations
