GNLN vs SKE: Correlation
Measured on weekly returns over the past three years, Greenlane Holdings, Inc. (GNLN) and Skeena Resources Limited (SKE) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GNLN and SKE?
Across a 3-year window, the weekly returns of GNLN and SKE correlate at 0.40, moderate. The link has loosened recently: the 1-year correlation (0.11) runs below the 3-year figure (0.40). Stretching to 5 years gives 0.33, with an annualized covariance of 5781.3 %².
By 3-year correlation, SKE places #6 of the 13 assets tracked against GNLN. Their recent paths diverged sharply: over the last 12 months SKE outperformed by 212.0 percentage points (-89.2% for GNLN against +122.8% for SKE). One caveat on sizing: GNLN is 3.7 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.
GNLN vs SKE: side by side
| GNLN (Greenlane Holdings, Inc.) | SKE (Skeena Resources Limited) | |
|---|---|---|
| 1-year return | -89.2% | +122.8% |
| 5-year return | -100.0% | +205.9% |
| Volatility (ann.) | 231.5% | 62.6% |
| Beta vs S&P 500 | 2.48 | 1.42 |
| Max drawdown (3Y) | -100.0% | -36.1% |
| Market cap | – | $4.4B |
| P/E (trailing) | 0.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GNLN | SKE |
|---|---|---|
| 2022 | -98.5% | -49.0% |
| 2023 | -82.0% | -8.3% |
| 2024 | -71.0% | +78.7% |
| 2025 | -99.9% | +172.1% |
| 2026 | -77.9% | +48.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GNLN and SKE good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GNLN and SKE?
The GNLN/SKE correlation stands at 0.40 on a 3-year window (1 year: 0.11, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is SKE a good diversifier for GNLN?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
A reading of 0.40 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/gnln-vs-ske.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gnln-vs-ske/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GNLN correlations · SKE correlations
