AXR vs BBLG: Correlation
How closely do AMREP Corporation (AXR) and Bone Biologics Corp (BBLG) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AXR and BBLG?
Over the past 3 years, AXR and BBLG moved with a correlation of 0.35, which is moderate. Lately the two have drifted apart, with the 1-year correlation at -0.05 versus 0.35 over 3 years. Over 5 years the correlation is 0.23, and the annualized covariance of weekly returns is 2431.0 %².
Within AXR's tracked universe of 11 assets, BBLG comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AXR ahead by 75.5 points (+4.1% versus -71.4%). Risk is not evenly split, since BBLG carries 2.9 times the volatility of the other side.
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.
AXR vs BBLG: side by side
| AXR (AMREP Corporation) | BBLG (Bone Biologics Corp) | |
|---|---|---|
| 1-year return | +4.1% | -71.4% |
| 5-year return | +60.4% | -100.0% |
| Volatility (ann.) | 48.9% | 140.7% |
| Beta vs S&P 500 | 0.44 | 0.69 |
| Max drawdown (3Y) | -52.3% | -98.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | 12.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AXR | BBLG |
|---|---|---|
| 2022 | -24.0% | -94.0% |
| 2023 | +90.2% | -91.0% |
| 2024 | +42.9% | -79.2% |
| 2025 | -40.1% | -74.3% |
| 2026 | +22.1% | -57.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXR and BBLG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AXR and BBLG?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with -0.05 over the last year and 0.23 over 5 years.
Is BBLG a good diversifier for AXR?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 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/axr-vs-bblg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/axr-vs-bblg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AXR correlations · BBLG correlations
