BAOS vs DBGI: Correlation
Baosheng Media Group Holdings Limited (BAOS) and Digital Brands Group, Inc. (DBGI) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAOS and DBGI?
On 3 years of weekly data the BAOS/DBGI correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.50) runs below the 3-year figure (-0.27). The 5-year figure is -0.14, and annualized covariance runs at -34631.4 %².
DBGI is close to the least connected end of BAOS's tracked universe, ranking #11 of 12. The last year tells two different stories: DBGI led by 55.3 percentage points, -84.5% for BAOS against -29.2% for DBGI. Note the risk asymmetry: DBGI runs 9.9 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.
BAOS vs DBGI: side by side
| BAOS (Baosheng Media Group Holdings Limited) | DBGI (Digital Brands Group, Inc.) | |
|---|---|---|
| 1-year return | -84.5% | -29.2% |
| 5-year return | -96.8% | -100.0% |
| Volatility (ann.) | 113.6% | 1127.2% |
| Beta vs S&P 500 | 2.15 | -1.93 |
| Max drawdown (3Y) | -94.0% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BAOS | DBGI |
|---|---|---|
| 2022 | -3.9% | -98.2% |
| 2023 | -30.0% | -96.9% |
| 2024 | -29.1% | -98.9% |
| 2025 | +6.6% | +610.8% |
| 2026 | -84.3% | -43.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAOS and DBGI good diversifiers for each other?
Yes. With a correlation of -0.27, BAOS and DBGI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BAOS and DBGI?
The BAOS/DBGI correlation stands at -0.27 on a 3-year window (1 year: -0.50, 5 years: -0.14), computed from weekly returns as of 2026-08-27.
Is DBGI a good diversifier for BAOS?
Yes. With a correlation of -0.27, BAOS and DBGI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/baos-vs-dbgi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/baos-vs-dbgi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BAOS correlations · DBGI correlations
