IMCC vs OLOX: Correlation
IM Cannabis Corp. (IMCC) and Olenox Industries Inc. (OLOX) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMCC and OLOX?
On 3 years of weekly data the IMCC/OLOX correlation comes out at 0.34, moderate. The past 12 months show a weaker link (0.17) than the 3-year average (0.34). The 5-year figure is 0.31, and annualized covariance runs at 10331.1 %².
By 3-year correlation, OLOX places #8 of the 14 assets tracked against IMCC. Neither side won the trailing year by much: -94.2% against -98.8%.
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.
IMCC vs OLOX: side by side
| IMCC (IM Cannabis Corp.) | OLOX (Olenox Industries Inc.) | |
|---|---|---|
| 1-year return | -94.2% | -98.8% |
| 5-year return | -99.9% | -100.0% |
| Volatility (ann.) | 174.2% | 173.6% |
| Beta vs S&P 500 | 1.11 | 0.94 |
| Max drawdown (3Y) | -98.4% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMCC | OLOX |
|---|---|---|
| 2022 | -97.1% | -27.1% |
| 2023 | -63.4% | -26.7% |
| 2024 | +8.8% | -94.9% |
| 2025 | -40.4% | -93.9% |
| 2026 | -90.6% | -92.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMCC and OLOX good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IMCC and OLOX?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.17 over the last year and 0.31 over 5 years.
Is OLOX a good diversifier for IMCC?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 mean?
A reading of 0.34 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/imcc-vs-olox.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/imcc-vs-olox/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IMCC correlations · OLOX correlations
