AERT vs BATRA: Correlation
How closely do Aeries Technology, Inc. - Class A (AERT) and Atlanta Braves Holdings, Inc. - Series A (BATRA) trade together? Their weekly returns over three years give a correlation of 0.31, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AERT and BATRA?
Over the past 3 years, AERT and BATRA moved with a correlation of 0.31, which is moderate. The past 12 months show a weaker link (0.19) than the 3-year average (0.31). Over 5 years the correlation is 0.22, and the annualized covariance of weekly returns is 623.8 %².
Among the 10 assets we track against AERT, BATRA ranks #5 by 3-year correlation. On 12-month performance BATRA holds a 6.4-point edge, +11.5% against +17.9%. Risk is not evenly split, since AERT carries 5.8 times the volatility of the other side.
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.
AERT vs BATRA: side by side
| AERT (Aeries Technology, Inc. - Class A) | BATRA (Atlanta Braves Holdings, Inc. - Series A) | |
|---|---|---|
| 1-year return | +11.5% | +17.9% |
| 5-year return | -91.2% | +113.7% |
| Volatility (ann.) | 108.4% | 18.8% |
| Beta vs S&P 500 | 0.78 | 0.46 |
| Max drawdown (3Y) | -97.4% | -16.6% |
| Market cap | – | $3.6B |
| P/E (trailing) | 17.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AERT | BATRA |
|---|---|---|
| 2022 | +4.7% | +13.6% |
| 2023 | -75.5% | +30.9% |
| 2024 | -62.8% | -4.6% |
| 2025 | -44.5% | +4.1% |
| 2026 | +66.4% | +31.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AERT and BATRA good diversifiers for each other?
Reasonably. At 0.31, AERT and BATRA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AERT and BATRA?
Using weekly returns as of 2026-08-27: 0.31 over 3 years, with 0.19 over the last year and 0.22 over 5 years.
Is BATRA a good diversifier for AERT?
Reasonably. At 0.31, AERT and BATRA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.31 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: AERT correlations · BATRA correlations
