ANNA vs BBGI: Correlation
How closely do AleAnna, Inc. (ANNA) and Beasley Broadcast Group, Inc. (BBGI) trade together? Their weekly returns over three years give a correlation of -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANNA and BBGI?
Across a 3-year window, the weekly returns of ANNA and BBGI correlate at -0.29, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.40) runs below the 3-year figure (-0.29). Stretching to 5 years gives -0.29, with an annualized covariance of -4639.5 %².
Within ANNA's tracked universe of 103 assets, BBGI comes in at #95 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BBGI outperformed by 363.1 percentage points (-34.3% for ANNA against +328.8% for BBGI). Note the risk asymmetry: BBGI runs 2.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ANNA vs BBGI: side by side
| ANNA (AleAnna, Inc.) | BBGI (Beasley Broadcast Group, Inc.) | |
|---|---|---|
| 1-year return | -34.3% | +328.8% |
| 5-year return | -71.7% | -61.6% |
| Volatility (ann.) | 88.7% | 178.9% |
| Beta vs S&P 500 | -0.92 | 1.94 |
| Max drawdown (3Y) | -86.3% | -85.2% |
| Market cap | $0.1B | – |
| P/E (trailing) | 14.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANNA | BBGI |
|---|---|---|
| 2022 | – | -51.6% |
| 2023 | +7.3% | -4.3% |
| 2024 | -37.6% | -46.5% |
| 2025 | -57.6% | -46.8% |
| 2026 | -3.0% | +293.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANNA and BBGI good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ANNA and BBGI?
As of 2026-08-27, the correlation of weekly returns between ANNA and BBGI is -0.29 over 3 years, -0.40 over 1 year and -0.29 over 5 years.
Is BBGI a good diversifier for ANNA?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: ANNA correlations · BBGI correlations
