BAOS vs TRAW: Correlation
Measured on weekly returns over the past three years, Baosheng Media Group Holdings Limited (BAOS) and Traws Pharma, Inc. (TRAW) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAOS and TRAW?
Across a 3-year window, the weekly returns of BAOS and TRAW correlate at 0.54, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.36 versus 0.54 over 3 years. Stretching to 5 years gives 0.33, with an annualized covariance of 8420.8 %².
By 3-year correlation, TRAW places #4 of the 12 assets tracked against BAOS. Their recent paths diverged sharply: over the last 12 months TRAW outperformed by 25.7 percentage points (-84.5% for BAOS against -58.8% for TRAW).
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 TRAW: side by side
| BAOS (Baosheng Media Group Holdings Limited) | TRAW (Traws Pharma, Inc.) | |
|---|---|---|
| 1-year return | -84.5% | -58.8% |
| 5-year return | -96.8% | -99.5% |
| Volatility (ann.) | 113.6% | 138.3% |
| Beta vs S&P 500 | 2.15 | 0.67 |
| Max drawdown (3Y) | -94.0% | -98.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BAOS | TRAW |
|---|---|---|
| 2022 | -3.9% | -74.5% |
| 2023 | -30.0% | +15.4% |
| 2024 | -29.1% | -52.6% |
| 2025 | +6.6% | -87.3% |
| 2026 | -84.3% | -48.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAOS and TRAW good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BAOS and TRAW?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.36 over the last year and 0.33 over 5 years.
Is TRAW a good diversifier for BAOS?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
A reading of 0.54 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/baos-vs-traw.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/baos-vs-traw/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BAOS correlations · TRAW correlations
