Identifies themes and clusters of stock movements
Market TodayThemes and Stocks AnalysesThematic Stock SearchClick here for daily refresh schedule
Pot Stocks$102.12
-0.80%4:00PM 11/25/2020
The marijuana industry is expected to triple in the next five years -- and many investors are looking to profit. As states and entire countries decriminalize or legalize cannabis and/or its components, there are loads of opportunities for entrepreneurs and existing companies.
Latest intraday update before market close @ 19:40:00 PM 11/25/2020
Summary :
Average return is down -0.8%
Median return is down -0.3%
2 out of 5 stocks are up (limited to those with intraday pricing feeds).

Aggregated price index

Aggregated price index with volume information


  • The momentum of the sector is very strong.
  • Pot stocks down 0.8% on average while median return down 0.4% in a day
  • Pot stocks up 11.4% on average while median return up 9.0% in a week
  • Pot stocks up 38.4% on average while median return up 33.8% in a month
  • When average return is significantly different from median return, this implies an asymmetry - composite return is driven by some outliners.

Aggregated price index is based on equal weighted constituencies returns,Aggregated volume information is based on sum of all constituencies volumes

Index Constituencies

Related Stocks (click on ticker for detail)

Related ETFs (click on ticker for detail)

  • 1M winners are : Winners for past month are $ACB 98.0%, $APHA 53.4%, $CGC 45.0%, $CRON 44.1%, $CNBS 40.2%
  • 1M losers are : Losers for past month are
  • 1W winners are : Winners for past week are $KERN 25.5%, $ACB 24.1%, $CGC 13.5%, $CNBS 10.5%, $APHA 10.4%
  • 1W losers are : Losers for past week are $ACT -3.8%
Pick two stocks to compare:

Correlation Analysis

Index correlation analysis

Correlation for the past month is 60.3%, for the past 3 months is 58.0%

In the past month for a 5 days rolling window, the highest corrrelation is 74.4%, the lowest correlation is 28.2%, the latest correlation is 54.8%

When a correlation deviated from the normal level and goes lower or even negative, it indicates some of stocks have deviated from the normal direction of the group. The deviation could reverse if long term level of correlation was at a higher level. It creates trading opportunities and deserves study whether the deviation is idiosyncratic or systematic.

Among pairwise correlation, the highest correlation is 97.6% between MJ and THCX

The lowest correlation is -19.1% between APHA and GWPH

Stock news