SeriesMagCorrOverlapThrough
These move together about 81% of the time
Very strong positive
Strong enough to use as a signal — read the stability and regime notes below before relying on it.
Tilray is a Canadian producer that cultivates and sells medical and recreational cannabis. In 2021, legacy Aphria acquired legacy Tilray in a reverse merger and renamed itself Tilray. The bulk of its sales are in Canada and in the international medical cannabis export market. US exposure comes mainly from alcohol.
Market cap 784.6M · 2,842 employees
SNDL Inc is a private-sector liquor and cannabis retailer in Canada with retail banners that include Ace Liquor, Wine and Beyond, Liquor Depot, Value Buds, and Spiritleaf. The principal activities of the company are the retailing of wines, beers, and spirits. It comprised four reportable segments: liquor retail, cannabis retail, cannabis operations, and investments. Liquor retail includes the sale of wines, beers, and spirits through owned liquor stores. The company generates maximum revenue from liquor retail.
What to Watch
Holds across regimes
Correlation is similar when markets rise (+85%) and fall (+74%) — reliable in both directions.
Flaky
Correlation swings widely across time windows — careful using this as a point estimate.
Time Series
Time-Shifted Correlation
See how correlation changes when one series is offset in time. A taller bar at a non-zero shift means the two move together better when one leads the other — that's a potential lead/lag signal.
Correlation by shift
Click a bar to inspect. Range: -6 to 6 days.
Selected shift
No shift
Correlation at this shift
+96%
No shift — both series at their actual dates.
1,255 overlapping points at this shift
Time series with Sundial Growers Inc. Common Shares at original dates
Indexed to 100 at start
Deep Dive
Stability
How the correlation evolves over time. A stable line means the relationship is reliable; large swings signal regime-dependent behavior.
Corr
+96%
Pearson correlation
95% CI
+96% → +97%
Likely range
R²
92.8%
Variance explained
Trend agreement
81.4%
Same-direction moves
Significance
p < 0.001
Statistical confidence
Data points
1,255
Deep
Pipeline
Pipeline Summary
1,255 paired data points survived the daily window.
Raw input
1,255
1,255
Normalized
1,255
1,255
Prepared
1,255
1,255
Aligned
1,255
1,255
Invalid removed
Explore
The strongest positive and inverse pairs we’ve saved for each side of this comparison — good jumping-off points if this result raised a question.
Market cap 367M · 2,604 employees
Do They Crash Together?
How these series behave when markets are rising, falling, or diverging. A correlation that holds in drawdowns is very different from one that only works in rallies.
Both Rising
+85%
96 periods · Return correlation when both series rose
Both Falling
+74%
124 periods · Return correlation when both series fell
Diverging
-76%
29 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
0
A: 0 / B: 0
Series A
Tilray Brands, Inc. Common Stock
TLRY
Market cap 784.6M · 2,842 employees
Stock · 1,255 raw → 1,255 prepared
Series B
Sundial Growers Inc. Common Shares
SNDL
Market cap 367M · 2,604 employees
Stock · 1,255 raw → 1,255 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
23
Estimated crossover points between normalized spreads.
Slope
0.0507
Linear regression slope.
Intercept
1.0650
Linear regression intercept.
Saved 1 hour ago · ID: stock-sndl_stock-tlry_5y
SNDL
Sundial Growers Inc. Common Shares
Strongest positive