APPS vs BB: Correlation
How closely do Digital Turbine, Inc. (APPS) and BlackBerry Limited (BB) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APPS and BB?
Across a 3-year window, the weekly returns of APPS and BB correlate at 0.44, moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. Stretching to 5 years gives 0.47, with an annualized covariance of 3638.1 %².
Among the 14 assets we track against APPS, BB ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with APPS ahead by 48.3 points (+173.0% versus +124.7%). Note the risk asymmetry: APPS runs 2.1 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.
APPS vs BB: side by side
| APPS (Digital Turbine, Inc.) | BB (BlackBerry Limited) | |
|---|---|---|
| 1-year return | +173.0% | +124.7% |
| 5-year return | -77.7% | -22.8% |
| Volatility (ann.) | 130.3% | 63.0% |
| Beta vs S&P 500 | 2.13 | 1.29 |
| Max drawdown (3Y) | -86.7% | -62.3% |
| Market cap | $1.4B | $5.1B |
| P/E (trailing) | – | 78.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APPS | BB |
|---|---|---|
| 2022 | -75.0% | -65.1% |
| 2023 | -55.0% | +8.6% |
| 2024 | -75.4% | +6.8% |
| 2025 | +195.9% | +0.3% |
| 2026 | +128.8% | +128.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APPS and BB good diversifiers for each other?
Reasonably. At 0.44, APPS and BB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between APPS and BB?
The APPS/BB correlation stands at 0.44 on a 3-year window (1 year: 0.46, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is BB a good diversifier for APPS?
Reasonably. At 0.44, APPS and BB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 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/apps-vs-bb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/apps-vs-bb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: APPS correlations · BB correlations
