ANGH vs BGLC: Correlation
Anghami Inc. (ANGH) and BioNexus Gene Lab Corp (BGLC) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANGH and BGLC?
Over the past 3 years, ANGH and BGLC moved with a correlation of 0.38, which is moderate. The past 12 months show a weaker link (0.25) than the 3-year average (0.38). Over 5 years the correlation is 0.21, and the annualized covariance of weekly returns is 8352.7 %².
Few assets follow ANGH as closely as BGLC, which ranks #3 of 10 tracked partners. Correlation aside, the last 12 months split them widely, with ANGH ahead by 78.1 points (+4.9% versus -73.2%).
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.
ANGH vs BGLC: side by side
| ANGH (Anghami Inc.) | BGLC (BioNexus Gene Lab Corp) | |
|---|---|---|
| 1-year return | +4.9% | -73.2% |
| 5-year return | -96.5% | -99.2% |
| Volatility (ann.) | 124.2% | 177.7% |
| Beta vs S&P 500 | 0.72 | 1.05 |
| Max drawdown (3Y) | -92.7% | -93.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANGH | BGLC |
|---|---|---|
| 2022 | -84.3% | -55.4% |
| 2023 | -34.8% | -95.4% |
| 2024 | -20.8% | -47.2% |
| 2025 | -54.2% | +41.1% |
| 2026 | -6.1% | -62.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANGH and BGLC good diversifiers for each other?
Reasonably. At 0.38, ANGH and BGLC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ANGH and BGLC?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.25 over the last year and 0.21 over 5 years.
Is BGLC a good diversifier for ANGH?
Reasonably. At 0.38, ANGH and BGLC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/angh-vs-bglc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/angh-vs-bglc/)
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Hubs: ANGH correlations · BGLC correlations
