BAFN vs GEHC: Correlation
How closely do BayFirst Financial Corp. (BAFN) and GE HealthCare (GEHC) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAFN and GEHC?
On 3 years of weekly data the BAFN/GEHC correlation comes out at 0.33, moderate. Recent behaviour matches the longer record: 0.33 over 1 year against 0.33 over 3. The 5-year figure is 0.30, and annualized covariance runs at 517.8 %².
Among the 10 assets we track against BAFN, GEHC ranks #5 by 3-year correlation. The last year tells two different stories: GEHC led by 25.9 percentage points, -28.1% for BAFN against -2.2% for GEHC.
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 GEHC: side by side
| BAFN (BayFirst Financial Corp.) | GEHC (GE HealthCare) | |
|---|---|---|
| 1-year return | -28.1% | -2.2% |
| 5-year return | -70.9% | n/a |
| Volatility (ann.) | 47.9% | 32.4% |
| Beta vs S&P 500 | 0.67 | 1.22 |
| Max drawdown (3Y) | -76.5% | -37.4% |
| Market cap | $0.2B | $32.7B |
| P/E (trailing) | – | 16.9 |
| Dividend yield | 0.00% | 0.19% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | BAFN | GEHC |
|---|---|---|
| 2022 | -25.3% | – |
| 2023 | -20.2% | +32.6% |
| 2024 | +4.6% | +1.3% |
| 2025 | -40.4% | +5.1% |
| 2026 | -14.2% | -11.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAFN and GEHC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BAFN and GEHC?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.33 over the last year and 0.30 over 5 years.
Is GEHC a good diversifier for BAFN?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 mean?
A reading of 0.33 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-gehc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bafn-vs-gehc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BAFN correlations · GEHC correlations
