BAFN vs BKTI: Correlation
How closely do BayFirst Financial Corp. (BAFN) and BK Technologies Corporation (BKTI) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAFN and BKTI?
Across a 3-year window, the weekly returns of BAFN and BKTI correlate at -0.22, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.00 versus -0.22 over 3 years. Stretching to 5 years gives -0.09, with an annualized covariance of -646.7 %².
BKTI is close to the least connected end of BAFN's tracked universe, ranking #8 of 10. Correlation aside, the last 12 months split them widely, with BKTI ahead by 34.7 points (-28.1% versus +6.6%).
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.
BAFN vs BKTI: side by side
| BAFN (BayFirst Financial Corp.) | BKTI (BK Technologies Corporation) | |
|---|---|---|
| 1-year return | -28.1% | +6.6% |
| 5-year return | -70.9% | +394.9% |
| Volatility (ann.) | 47.9% | 62.4% |
| Beta vs S&P 500 | 0.67 | 0.84 |
| Max drawdown (3Y) | -76.5% | -32.8% |
| Market cap | $0.2B | $0.3B |
| P/E (trailing) | – | 22.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BAFN | BKTI |
|---|---|---|
| 2022 | -25.3% | +44.6% |
| 2023 | -20.2% | -26.3% |
| 2024 | +4.6% | +180.4% |
| 2025 | -40.4% | +117.5% |
| 2026 | -14.2% | +0.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAFN and BKTI good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BAFN and BKTI?
As of 2026-08-27, the correlation of weekly returns between BAFN and BKTI is -0.22 over 3 years, -0.00 over 1 year and -0.09 over 5 years.
Is BKTI a good diversifier for BAFN?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
A reading of -0.22 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/bafn-vs-bkti.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bafn-vs-bkti/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BAFN correlations · BKTI correlations
