ANDE vs BBOT: Correlation
Measured on weekly returns over the past three years, The Andersons, Inc. (ANDE) and BridgeBio Oncology Therapeutics, Inc. (BBOT) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANDE and BBOT?
Across a 3-year window, the weekly returns of ANDE and BBOT correlate at -0.25, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.26 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -294.7 %².
Out of 14 assets tracked against ANDE, BBOT lands near the bottom at #14. The last year tells two different stories: ANDE led by 60.2 percentage points, +58.9% for ANDE against -1.3% for BBOT.
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.
ANDE vs BBOT: side by side
| ANDE (The Andersons, Inc.) | BBOT (BridgeBio Oncology Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +58.9% | -1.3% |
| 5-year return | +128.7% | n/a |
| Volatility (ann.) | 33.1% | 34.5% |
| Beta vs S&P 500 | 0.26 | 0.30 |
| Max drawdown (3Y) | -46.9% | -48.1% |
| Market cap | $2.2B | $0.7B |
| P/E (trailing) | 12.6 | – |
| Dividend yield | 1.21% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANDE | BBOT |
|---|---|---|
| 2022 | -7.8% | – |
| 2023 | +67.0% | – |
| 2024 | -28.8% | – |
| 2025 | +33.8% | +19.2% |
| 2026 | +21.0% | -26.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANDE and BBOT good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between ANDE and BBOT?
The ANDE/BBOT correlation stands at -0.25 on a 3-year window (1 year: -0.26, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is BBOT a good diversifier for ANDE?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 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/ande-vs-bbot.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ande-vs-bbot/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ANDE correlations · BBOT correlations
