BAOS vs LNZA: Correlation
Baosheng Media Group Holdings Limited (BAOS) and LanzaTech Global, Inc. (LNZA) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAOS and LNZA?
Over the past 3 years, BAOS and LNZA moved with a correlation of 0.37, which is moderate. The past 12 months show a weaker link (0.02) than the 3-year average (0.37). Over 5 years the correlation is 0.20, and the annualized covariance of weekly returns is 6124.8 %².
By 3-year correlation, LNZA places #7 of the 12 assets tracked against BAOS. The trailing year gives LNZA the advantage: -84.5% versus -72.1%, a 12.4-point spread.
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 LNZA: side by side
| BAOS (Baosheng Media Group Holdings Limited) | LNZA (LanzaTech Global, Inc.) | |
|---|---|---|
| 1-year return | -84.5% | -72.1% |
| 5-year return | -96.8% | -99.4% |
| Volatility (ann.) | 113.6% | 146.7% |
| Beta vs S&P 500 | 2.15 | 1.84 |
| Max drawdown (3Y) | -94.0% | -99.4% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 0.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BAOS | LNZA |
|---|---|---|
| 2022 | -3.9% | +3.3% |
| 2023 | -30.0% | -49.6% |
| 2024 | -29.1% | -72.8% |
| 2025 | +6.6% | -90.0% |
| 2026 | -84.3% | -54.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAOS and LNZA good diversifiers for each other?
Reasonably. At 0.37, BAOS and LNZA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BAOS and LNZA?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.02 over the last year and 0.20 over 5 years.
Is LNZA a good diversifier for BAOS?
Reasonably. At 0.37, BAOS and LNZA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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-lnza.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/baos-vs-lnza/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BAOS correlations · LNZA correlations
