ALP vs BBLG: Correlation
Alpha Compute Corp (ALP) and Bone Biologics Corp (BBLG) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALP and BBLG?
Over the past 3 years, ALP and BBLG moved with a correlation of 0.31, which is moderate. The link has loosened recently: the 1-year correlation (0.06) runs below the 3-year figure (0.31). Over 5 years the correlation is 0.25, and the annualized covariance of weekly returns is 8594.9 %².
By 3-year correlation, BBLG places #4 of the 10 assets tracked against ALP. Correlation aside, the last 12 months split them widely, with BBLG ahead by 26.2 points (-97.6% versus -71.4%).
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.
ALP vs BBLG: side by side
| ALP (Alpha Compute Corp) | BBLG (Bone Biologics Corp) | |
|---|---|---|
| 1-year return | -97.6% | -71.4% |
| 5-year return | -100.0% | -100.0% |
| Volatility (ann.) | 195.0% | 140.7% |
| Beta vs S&P 500 | 1.99 | 0.69 |
| Max drawdown (3Y) | -99.8% | -98.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALP | BBLG |
|---|---|---|
| 2022 | -50.7% | -94.0% |
| 2023 | -65.6% | -91.0% |
| 2024 | -85.8% | -79.2% |
| 2025 | -88.4% | -74.3% |
| 2026 | -70.6% | -57.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALP and BBLG good diversifiers for each other?
Reasonably. At 0.31, ALP and BBLG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ALP and BBLG?
The ALP/BBLG correlation stands at 0.31 on a 3-year window (1 year: 0.06, 5 years: 0.25), computed from weekly returns as of 2026-08-27.
Is BBLG a good diversifier for ALP?
Reasonably. At 0.31, ALP and BBLG 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/alp-vs-bblg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alp-vs-bblg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ALP correlations · BBLG correlations
