BAOS vs FNUC: Correlation
Measured on weekly returns over the past three years, Baosheng Media Group Holdings Limited (BAOS) and Frontier Nuclear and Minerals Inc. (FNUC) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAOS and FNUC?
Over the past 3 years, BAOS and FNUC moved with a correlation of 0.49, which is moderate. The link has loosened recently: the 1-year correlation (0.33) runs below the 3-year figure (0.49). Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 13155.4 %².
Among the 12 assets we track against BAOS, FNUC ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months FNUC outperformed by 25.4 percentage points (-84.5% for BAOS against -59.1% for FNUC). One caveat on sizing: FNUC is 2.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 FNUC: side by side
| BAOS (Baosheng Media Group Holdings Limited) | FNUC (Frontier Nuclear and Minerals Inc.) | |
|---|---|---|
| 1-year return | -84.5% | -59.1% |
| 5-year return | -96.8% | -99.0% |
| Volatility (ann.) | 113.6% | 237.4% |
| Beta vs S&P 500 | 2.15 | 1.55 |
| Max drawdown (3Y) | -94.0% | -94.2% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BAOS | FNUC |
|---|---|---|
| 2022 | -3.9% | -60.4% |
| 2023 | -30.0% | -48.7% |
| 2024 | -29.1% | -17.9% |
| 2025 | +6.6% | -76.0% |
| 2026 | -84.3% | -43.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAOS and FNUC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BAOS and FNUC?
The BAOS/FNUC correlation stands at 0.49 on a 3-year window (1 year: 0.33, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is FNUC a good diversifier for BAOS?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 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.
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Related comparisons
Hubs: BAOS correlations · FNUC correlations
