AFJK vs BBGI: Correlation
Measured on weekly returns over the past three years, Aimei Health Technology Co., Ltd (AFJK) and Beasley Broadcast Group, Inc. (BBGI) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AFJK and BBGI?
Over the past 3 years, AFJK and BBGI moved with a correlation of 0.48, which is moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.48 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 18253.1 %².
Among the 29 assets we track against AFJK, BBGI ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BBGI ahead by 320.4 points (+8.4% versus +328.8%).
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.
AFJK vs BBGI: side by side
| AFJK (Aimei Health Technology Co., Ltd) | BBGI (Beasley Broadcast Group, Inc.) | |
|---|---|---|
| 1-year return | +8.4% | +328.8% |
| 5-year return | n/a | -61.6% |
| Volatility (ann.) | 197.3% | 178.9% |
| Beta vs S&P 500 | 0.18 | 1.94 |
| Max drawdown (3Y) | -86.8% | -85.2% |
| Market cap | – | – |
| P/E (trailing) | 174.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AFJK | BBGI |
|---|---|---|
| 2022 | – | -51.6% |
| 2023 | – | -4.3% |
| 2024 | – | -46.5% |
| 2025 | +498.2% | -46.8% |
| 2026 | -80.9% | +293.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFJK and BBGI good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AFJK and BBGI?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.49 over the last year and n/a over 5 years.
Is BBGI a good diversifier for AFJK?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: AFJK correlations · BBGI correlations
