AKAM vs BBGI: Correlation
How closely do Akamai Technologies (AKAM) and Beasley Broadcast Group, Inc. (BBGI) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKAM and BBGI?
Over the past 3 years, AKAM and BBGI moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.39) runs below the 3-year figure (-0.26). Over 5 years the correlation is -0.20, and the annualized covariance of weekly returns is -2100.0 %².
Out of 30 assets tracked against AKAM, BBGI lands near the bottom at #26. The last year tells two different stories: BBGI led by 286.7 percentage points, +42.1% for AKAM against +328.8% for BBGI. One caveat on sizing: BBGI is 3.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AKAM vs BBGI: side by side
| AKAM (Akamai Technologies) | BBGI (Beasley Broadcast Group, Inc.) | |
|---|---|---|
| 1-year return | +42.1% | +328.8% |
| 5-year return | -1.6% | -61.6% |
| Volatility (ann.) | 45.7% | 178.9% |
| Beta vs S&P 500 | 0.58 | 1.94 |
| Max drawdown (3Y) | -46.8% | -85.2% |
| Market cap | $16.0B | – |
| P/E (trailing) | 40.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | AKAM | BBGI |
|---|---|---|
| 2022 | -28.0% | -51.6% |
| 2023 | +40.4% | -4.3% |
| 2024 | -19.2% | -46.5% |
| 2025 | -8.8% | -46.8% |
| 2026 | +27.5% | +293.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKAM and BBGI good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AKAM and BBGI?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.39 over the last year and -0.20 over 5 years.
Is BBGI a good diversifier for AKAM?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/akam-vs-bbgi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/akam-vs-bbgi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AKAM correlations · BBGI correlations
