CRON vs OGI: Correlation
How closely do Cronos Group Inc. - Common Share (CRON) and Organigram Global Inc. (OGI) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRON and OGI?
On 3 years of weekly data the CRON/OGI correlation comes out at 0.52, moderate. The relationship has been stable: the 1-year correlation (0.45) sits close to the 3-year figure. The 5-year figure is 0.59, and annualized covariance runs at 1399.3 %².
Within CRON's tracked universe of 13 assets, OGI comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CRON outperformed by 58.7 percentage points (+32.4% for CRON against -26.3% for OGI). Risk is not evenly split, since OGI carries 1.5 times the volatility of the other side.
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.
CRON vs OGI: side by side
| CRON (Cronos Group Inc. - Common Share) | OGI (Organigram Global Inc.) | |
|---|---|---|
| 1-year return | +32.4% | -26.3% |
| 5-year return | -47.1% | -88.1% |
| Volatility (ann.) | 41.8% | 64.6% |
| Beta vs S&P 500 | 0.75 | 1.67 |
| Max drawdown (3Y) | -46.4% | -68.0% |
| Market cap | $1.2B | $0.2B |
| P/E (trailing) | 18.8 | 2.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRON | OGI |
|---|---|---|
| 2022 | -35.2% | -54.3% |
| 2023 | -17.7% | -59.1% |
| 2024 | -3.3% | +22.9% |
| 2025 | +30.2% | +4.3% |
| 2026 | +28.9% | -26.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRON and OGI good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CRON and OGI?
As of 2026-08-27, the correlation of weekly returns between CRON and OGI is 0.52 over 3 years, 0.45 over 1 year and 0.59 over 5 years.
Is OGI a good diversifier for CRON?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 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
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Related comparisons
Hubs: CRON correlations · OGI correlations
