AIRI vs BCG: Correlation
How closely do Air Industries Group (AIRI) and Binah Capital Group, Inc. (BCG) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIRI and BCG?
Over the past 3 years, AIRI and BCG moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.06 versus -0.19 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1489.6 %².
BCG is close to the least connected end of AIRI's tracked universe, ranking #9 of 11. On 12-month performance AIRI holds a 8.0-point edge, -18.0% against -26.0%. Risk is not evenly split, since BCG carries 1.8 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.
AIRI vs BCG: side by side
| AIRI (Air Industries Group) | BCG (Binah Capital Group, Inc.) | |
|---|---|---|
| 1-year return | -18.0% | -26.0% |
| 5-year return | -78.6% | n/a |
| Volatility (ann.) | 64.8% | 116.2% |
| Beta vs S&P 500 | 0.80 | 0.48 |
| Max drawdown (3Y) | -69.2% | -89.9% |
| Market cap | – | – |
| P/E (trailing) | – | 14.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIRI | BCG |
|---|---|---|
| 2022 | -53.3% | – |
| 2023 | -23.5% | – |
| 2024 | +25.2% | – |
| 2025 | -24.6% | -2.0% |
| 2026 | -15.6% | -49.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIRI and BCG good diversifiers for each other?
Yes. With a correlation of -0.19, AIRI and BCG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AIRI and BCG?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with 0.06 over the last year and n/a over 5 years.
Is BCG a good diversifier for AIRI?
Yes. With a correlation of -0.19, AIRI and BCG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
A reading of -0.19 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Hubs: AIRI correlations · BCG correlations
