GRWG vs PSKY: Correlation
How closely do GrowGeneration Corp. (GRWG) and Paramount Skydance Corporation (PSKY) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRWG and PSKY?
On 3 years of weekly data the GRWG/PSKY correlation comes out at 0.41, moderate. The past 12 months show a weaker link (0.26) than the 3-year average (0.41). The 5-year figure is 0.41, and annualized covariance runs at 1764.9 %².
Among the 18 assets we track against GRWG, PSKY ranks #10 by 3-year correlation. The last year tells two different stories: GRWG led by 24.7 percentage points, -1.2% for GRWG against -25.9% for PSKY.
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.
GRWG vs PSKY: side by side
| GRWG (GrowGeneration Corp.) | PSKY (Paramount Skydance Corporation) | |
|---|---|---|
| 1-year return | -1.2% | -25.9% |
| 5-year return | -94.6% | -69.8% |
| Volatility (ann.) | 79.8% | 54.4% |
| Beta vs S&P 500 | 1.88 | 0.92 |
| Max drawdown (3Y) | -76.3% | -59.9% |
| Market cap | $0.1B | $12.1B |
| P/E (trailing) | – | 360.0 |
| Dividend yield | 0.00% | 1.86% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | GRWG | PSKY |
|---|---|---|
| 2022 | -70.0% | -41.8% |
| 2023 | -36.0% | -10.4% |
| 2024 | -32.7% | -28.0% |
| 2025 | -11.2% | +30.0% |
| 2026 | +10.7% | -18.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRWG and PSKY good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GRWG and PSKY?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.26 over the last year and 0.41 over 5 years.
Is PSKY a good diversifier for GRWG?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
A reading of 0.41 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/grwg-vs-psky.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/grwg-vs-psky/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GRWG correlations · PSKY correlations
